Food Retailing - Spain - November 2004

EXECUTIVE SUMMARY – SPAIN
The Spanish food sector growing
Consumer spending on food, drink and tobacco remains strong
Food sector’s share of all retail sales continues falling
Discounters on the rise
Hypermarkets are struggling
Food retail market highly fragmented
Consolidation is under way
Carrefour is the overwhelming market leader
EUROPEAN OUTLOOK
Morrisons Safeway deal
Other corporate activity
Strategic alliances
Ahold update
Company prospects in home markets
Figure 1: Europe: Leading food retailers’ market share trends in domestic market
Mixed outcomes on the international front
Pricing issues
Product and brand development
George stand-alones
More clothing
Auchan vs Carrefour
E-commerce
Figure 2: Europe: Leading retailers e-commerce activities, 2003/04
 FORECASTS
Figure 3: Europe: Food retailers’ sales forecasts and growth rates by country, 2003-08f
Future relative performance
Future absolute performance
REPORT SCOPE
Report structure and content
Food retailing sector
Store definitions
Buying groups, voluntary groups and co-operatives
BACKGROUND DATA – SPAIN
Population
Figure 4: Spain: Population trends, 1999-2003
Figure 5: Spain: Population, by age group and sex, 2003
Figure 6: Spain: Households by number of members, 2001
Figure 7: Spain: Population, by region, 1999-2003
Figure 8: Spain: Population of major cities, 1999-2003
Economy
Figure 9: Spain: Gross domestic product, 1995-2003
Figure 10: Spain: Consumer prices, 1998-2003
Figure 11: Spain: Consumer expenditure, 1995-2003
Figure 12: Spain: Detailed breakdown of expenditure on consumer goods, 1998-2003
THE SPANISH FOOD RETAIL SECTOR
 THE SPANISH FOOD, DRINK & TOBACCO MARKET
Market value and trends
Figure 13: Spain: Consumer spending on food, drink & tobacco, 1998-2003
Retail prices
Figure 14: Spain: Annual average % variance in consumer price index, 1997-2002
Product breakdown
Figure 15: Spain: Average annual household expenditure, 1996-2000
 FOOD RETAILERS
Sales values and trends
Figure 16: Spain: Food retailers' sales, 1999-2003
Figure 17: Spain: Grocery retailers' sales by type of retailer, 1999-2003
Figure 18: Spain: Food retailers' sales as a percentage of all Spanish retail sales, 1999-2003
Enterprise & outlet data
Figure 19: Spain: Retail enterprises, 2001-03
Figure 20: Spain: Retail outlets (places of work), 2001-02
Hypermarkets
Figure 21: Spain: Hypermarkets, 1973-2003
Figure 22: Spain: Hypermarkets by sales area, 1998-2002
Figure 23: Spain: Leading hypermarket operators, key figures 2003
Supermarkets
Figure 24: Spain: Leading 30 supermarket operators in figures, 1996-2003
Figure 25: Spain: Leading supermarket operators, key figures 2003
Discount Stores
Figure 26: Spain: Leading discounters key figures, 2003
EUROPEAN CONSUMER TRENDS
Key consumer findings
How often do they shop?
Figure 27: Frequency of major and other grocery shopping, day for major and other grocery shopping, distance travelled and transport used, 2004
Figure 28: Europe: Frequency of major shopping trips, by country, 2004
Where do they shop?
Figure 29: Type of shop used for major and other grocery shopping and level of spending, 2004
Consumer attitudes
Figure 30: Agreement with attitudes towards shopping and food in Germany, Spain, France and Great Britain, 2004
Consumer typologies
Figure 31: Consumer typologies, by country, 2004
SPAIN CONSUMER TRENDS
How often do you shop?
Figure 32: Frequency of major and other grocery shopping, day for major and other grocery shopping, distance travelled and transport used, Spain, 2002-04
Where do you shop?
Figure 33: Type of shop used for major and other grocery shopping and level of spending, Spain, 2002-04
Consumer typologies
Figure 34: Consumer typologies in Spain, 2004
PROSPECTS AND FORECASTS
Prospects
Forecasts
Figure 35: Spain: Grocery retailing prospects, 2004-08
Figure 36: Spain: Grocery retailers' sales as % of all retail sales, 1999-2008
Leading players
Carrefour
Mercadona
Eroski
Auchan
El Corte Inglés
Hard discount stores: Lidl, Plus, Aldi and Carrefour’s Dia
Ahold/Permira
El Arbol
Figure 37: Spain: Leading players, 2003/04
Market shares
Figure 38: Spain: Top ten food retailers' market share, 2003
MAJOR COMPANY PROFILES
 ROYAL AHOLD
Market share
Figure 39: Ahold: Domestic retail sales as % of all Dutch food retailers’ sales, 2000-03
Figure 40: Ahold: European retail sales as % of all European food retailers’ sales, 2000-03
Background
Formation of the group
First steps in foodservice
Further retail expansion
US Foodservice
Before the flood
Figure 41: Royal Ahold: Retail acquisitions, mergers & joint ventures, 1951-2002
Accounting scandal unveiled
Particulars
Management overhaul
The Road to Recovery
Divestments
Figure 42: Ahold: Divestments, 2003-04
Financial data
Accounting methods
Restated figures
Figure 43: Ahold: Group financial data, old basis and new basis, 1999-2003
Five-year summary
Europe
Figure 44: Ahold Europe: Retail performance, 2000-03
Sales by country and fascia
Growth driven by expansion…
…but solid performances from domestic chains
Figure 45: Royal Ahold: European food sales, by country/fascia, 2000-03
2003 performance
Sales by market
Figure 46: Ahold: Sales by region and division, 2003
Recent trading
Outlets
Figure 47: Ahold Europe: Outlet data, 1999-2003
Ahold Europe
Netherlands
Spain
Portugal
Central Europe
Scandinavia
Baltics
Products
E-commerce
SWOT
ICA
Background
Financial and outlet data
Figure 48: ICA: Sales and outlets, 2000-03
Figure 49: ICA: Sales to end customers, 2003
ICA Sverige
Figure 50: ICA Sverige: Store formats, 2003
ICA Norge
Figure 51: ICA Norge: Store formats, 2003
ICA Baltic
Figure 52: ICA Baltic: Store numbers, 2003
ICA Danmark
 ALDI GRUPPE
Market shares
Figure 53: Aldi: Share of all German food retailers’ sales, 1999-2003
Figure 54: Aldi: Share of all European food retailers’ sales, 1999-2003
Background
Foundation
Two companies formed
International expansion
Next steps
Financial data
Figure 55: Aldi Gruppe: Estimated European sales data, 1999-2003
Figure 56: Aldi Gruppe: Estimated European sales breakdown, 2003
Outlets
Figure 57: Aldi Gruppe: European outlet data, 2001-03
Non-European activities
Products
Inhouse brands
Local knowledge
E-commerce
SWOT
 AUCHAN
Figure 58: Auchan: Share of all French food retailers’ sales, 1999-2003
Background
Rinascente
Growth strategy
Store cards and financial services
Systems and distribution
Financial data
Figure 59: Auchan: Group financial performance, 1999-2003
Figure 60: Auchan: Group financial performance by geographical area, 2002 and 2003
Figure 61: Auchan: Group sales, by country, 2001-03
Outlets
Figure 62: Auchan: European food outlet data, 1998-2003
The Hypermarket Segment
France
Spain
Portugal
Italy
Poland
Hungary
Russia
The Supermarket Segment
Figure 63: Auchan: Detailed outlet performance data for selected fascia, 1999-2003
Figure 64: Auchan: Comparison of hypermarket densities by country, 2001-03
E-commerce
Products
Non-European activities
Figure 65: Auchan: Non-European retail outlets, 2001-03
SWOT
 CARREFOUR
Figure 66: Carrefour: Share of all European food retailers sales, 1999-2003
Background
The merger
Integration
Expansion
Current problems in France
Store cards
Figure 67: Carrefour store card activities, 2002
Financial data
Figure 68: Carrefour: Group financial performance, 1999-2003
Figure 69: Carrefour: European financial performance, by country, 2000-03
2004
Total banner sales
Figure 70: Carrefour: Total network sales in Europe, 2003
Figure 71: Carrefour: Total network sales in Europe, 2003
Outlet data
Figure 72: Carrefour Europe: Banner sales and outlets, 2003
Figure 73: Carrefour Europe: Outlet numbers, 1999-2003
Figure 74: Carrefour Europe: Sales areas, 2000-03
Figure 75: Carrefour Europe: Outlet ratios, 1999-2003
France
Figure 76: Carrefour France: Sales as % all French food retailers sales, 1999-2003
Figure 77: Carrefour France: Main formats performance relative to peers, 2000-03
Figure 78: Carrfeour France: Performance, 1999-2003
Belgium
Figure 79: Carrefour Belgium: Sales as % all Belgian food retailers sales, 2000-03
Figure 80: Belgium: Performance, 2000-03
Czech & Slovak Republics
Figure 81: Carrefour: Czech and Slovak Republics Sales as % all local food retailers sales, 2000-03
Figure 82: Czech & Slovak Republics: Performance, 2000-03
Greece
Figure 83: Carrefour Greece: Sales as % all Greek food retailers sales, 2000-03
Figure 84: Greece: Performance, 2000-03
Italy
Figure 85: Carrefour Italy: Sales as % all Italian food retailers sales, 2000-03
Figure 86: Carrefour Italy: Performance, 2000-03
Poland
Figure 87: Carrefour Poland: Sales as % all Polish food retailers sales, 2000-03
Figure 88: Carrefour Poland: Performance, 2000-03
Portugal
Figure 89: Carrefour Portugal: Sales as % all Portuguese food retailers sales, 2000-03
Figure 90: Carrefour Portugal: Performance, 2000-03
Spain
Figure 91: Carrefour Spain: Sales as % all Spanish food retailers sales, 2000-03
Figure 92: Carrefour Spain: Performance, 2000-03
Switzerland
Figure 93: Carrefour Switzerland: Sales as % all Swiss food retailers sales, 2001-03
Figure 94: Carrefour Switzerland: Performance, 2001-03
Turkey
Figure 95: Carrefour Greece: Sales as % all Greek food retailers sales, 2000-03
E-commerce
Products
Systems
SWOT
 E.LECLERC
Figure 96: E.Leclerc: Share of all French food retailers sales, 1999-2003
Background
Organisational structure
Diversification
International operations and alliances
Financial data
Figure 97: E.Leclerc: Sales performance, 1999-2003
Outlets
Figure 98: E.Leclerc: Outlet data, 2000-04
Figure 99: E.Leclerc: Specialist non-food chains’ performance, 2002 and 2003
Products
E-commerce
SWOT
 INTERMARCHÉ
Figure 100: ITM Entreprises: Share of all French food retailers’ sales, 1999-2003
Figure 101: Intermarché: Breakdown of group sales, 1998 vs 2003
Background
Diversification
Intermarché remains the principal fascia in Europe
Strategic alliances
International activity
Spar Handels
Reward card
Financial data
Figure 102: Intermarché: Sales data, 1999-2003
Spar Handels
Figure 103: Spar Handels: Financial performance, 1998-2003
Outlets
Figure 104: ITM Entreprises: Outlet data, 1998 and 2000-03
Figure 105: ITM: Formats in France by type, average size and number, 2003
Spar Handels
Figure 106: Spar Handels, Outlet data, 1999-2003
Products
E-commerce
SWOT
 SCHWARZ
Market share
Figure 107: Schwarz: Share of all German food retailers’ sales, 1999-2003
Figure 108: Schwarz: Share of all European food retailers’ sales, 1999-2003
Background
Lidl
Kaufland
Financial data
Figure 109: Schwarz: European food sales data, 1999/2000-2003/04 (est)
Outlets
Lidl
Kaufland
Figure 110: Schwarz: European outlet data, 1999/2000-2003/04 (est)
Products
Lidl
Kaufland
E-commerce
SWOT
 TENGELMANN
Figure 111: Tengelmann: Food retail sales as % all European food retailers’ sales, 1999/2000-2003/04
Figure 112: Tengelmann as % all German food retailers’ sales, 1999/2000-2003/04
Background
Financial data
Figure 113: Tengelmann: Financial performance, 1999-2004
Outlets
Figure 114: Tengelmann: Food retailing outlet data, 1999-2004
Products
Home shopping and e-commerce
SWOT
MINI COMPANY PROFILES
El Corte Inglés
Background
Financial data
Figure 115: El Corte Inglés: Group financial performance, 2000-03
Figure 116: El Corte Inglés: Sales by division, 2000-03
Outlets
Figure 117: El Corte Inglés: Hypermarkets, supermarkets and c-stores data, 2002 and 2003
Products
Grupo Eroski
Background
Financial data
Figure 118: Eroski: sales, 1999-2003
Outlets
Figure 119: Eroski: Outlet data, 2003
Mercadona
Background
Financial data
Figure 120: Mercadona: Retail sales, 1999-2003
Outlets
Figure 121: Mercadona: Outlet data, 1999-2003