Beauty Retailing - Spain - January 2013

EXECUTIVE SUMMARY
REPORT SCOPE AND TECHNICAL NOTES
Coverage
New report format
Definitions
Defining ‘beauty’
Beauty specialists
Consumer spending
Abbreviations
VAT
Figure 1: Europe: Standard VAT rates, 2010-13
SPENDING AND INFLATION
Key points
Consumer spending on personal care
Figure 2: Spain: Consumer spending on personal care (incl. Vat), 2007-12
Relative performance of personal care goods
Figure 3: Spain: Consumer spending on personal care as % of all household spending, 2002-12
Figure 4: Spain: Consumer spending on personal care relative to all retail sales, 2002-12
Product market breakdown
Figure 5: Spain: Main beauty and personal care markets, 2007-12
Consumer prices inflation
Figure 6: Spain: Consumer price inflation on beauty products and services: Annual % change, Jan 2011-Nov 2012
CHANNELS OF DISTRIBUTION
Figure 7: Spain: Estimated retail distribution of spending on beauty and personal care goods (excl. vat), 2011
SECTOR SIZE AND FORECAST
Key points
Sector sales
Figure 8: Spain: Retail sales (excl. VAT), 2007-12
Figure 9: Spain: Retail sales forecasts (exc. VAT), 2013-18
OUTLET AND ENTERPRISE DATA
Figure 10: Spain: Retail enterprise and outlet numbers, 2008 and 2009
THE RETAILERS – FINANCIALS AND OUTLETS
Key points
Schlecker stores will be renamed and continue to operate as drugstores
Acquisition activity
Pockets of strength
Sephora teams up with El Corte Inglés
Buying groups
Figure 11: Spain: Leading drugstores and beauty specialists, by sales (excl. VAT), 2009-11
Figure 12: Spain: Leading drugstores and beauty specialists, outlet numbers, 2009-11
Figure 13: Spain: Leading drugstores and beauty specialists, sales per outlet, 2009-11
THE RETAILERS – MARKET SHARES
Figure 14: Spain: Drugstores and beauty specialists, market shares, 2009-11
THE CONSUMER – WHERE THEY SHOP FOR MAKE-UP
Department stores dominate
Figure 15: Spain: Where women shop for make-up, November 2012
Who shops where
Figure 16: Spain: Leading retailers for make-up, by average age and affluence of customers, November 2012
THE CONSUMER – WHAT DRIVES THEM TO TRY NEW PRODUCTS
Free samples are the biggest driver
Figure 17: Spain: What would drive them to buy new make-up, November 2012
Who thinks what
Figure 18: Spain: What would drive them to buy new make-up by age and socio-economic group, November 2012
ONLINE
Online retailers
Online purchasing
Figure 19: Spain: Proportion of individuals purchasing online* in the past 3 months, 2003-11
Figure 20: Spain: Proportion of individuals purchasing online* in the past 3 months by region, 2006 and 2011
A. S. WATSON (EUROPE)
What we think
Health & beauty
Luxury
Company background
Figure 21: A. S. Watson: European health and beauty operations, 2011
Company performance
Figure 22: A. S. Watson (Europe): Group financial performance, 2009-12
Figure 23: A. S. Watson (Europe): Sales by division, 2011
Figure 24: A. S. Watson (Europe): Turnover by chain (part estimated), 2009-11
Figure 25: A. S. Watson (Europe): Sales breakdown by chain, 2011 (part estimated)
Figure 26: A. S. Watson (Europe): Outlet data, 2009-12
Figure 27: A. S. Watson (Europe): Stores by division, 2011
Figure 28: A. S. Watson (Europe): Outlet data by country (part estimated), 2009-11
Figure 29: A. S. Watson (Europe): Store numbers by chain, 2011
Retail offering – main businesses
Superdrug
The Perfume Shop
Savers
DOUGLAS
What we think
Company background
Company performance
Figure 30: Douglas Holding: Group financial performance, 2007/08-2011/12
Figure 31: Douglas Perfumeries: Financial performance, 2007/08-2011/12
Figure 32: Douglas Perfumeries: Outlet data, 2008-12
Retail offering
SCHLECKER
Breaking up of the business
Company performance
Figure 33: Schlecker: Group financial performance, 2007-11
Figure 34: Schlecker: Outlet data, 2007-11
SEPHORA
What we think
Company background
Company performance
Figure 35: LVMH Selective Retail, Financial performance, 2007-11
Figure 36: Sephora, Estimated sales, 2007-12
Figure 37: Sephora, Estimated sales, European markets, 2009-11
Store formats
Figure 38: Sephora: Estimated Outlet data, 2007-11
Retail offering
YVES ROCHER GROUP
What we think
Company background
Company performance
Figure 39: Groupe Yves Rocher, Sales performance, 2008-12
Figure 40: Yves Rocher: Estimated number of outlets, 2009-12
Retail offering
APPENDIX – BROADER MARKET ENVIRONMENT
Population
Figure 41: Europe: Population, by age group, 2005
Figure 42: Europe: Population, by age group, 2010
Figure 43: Europe: Population, by age group, 2015
Figure 44: Europe: Population, by age group, 2020
GDP
Figure 45: Europe: GDP (current prices), 2011
Figure 46: Europe: GDP growth rates (current prices), 2001-11
Figure 47: Europe: GDP growth rates (constant prices), 2001-11
Figure 48: Europe: Year-on-year GDP growth rates (constant prices), Q1 2012-Q3 2012
Consumer spending
Figure 49: Europe: Households’ consumer spending (current prices), 2011
Figure 50: Europe: Households’ consumer spending growth rates (current prices), 2001-11
Consumer prices
Figure 51: Europe: Harmonised index of consumer prices, 2002-12
Unemployment
Figure 52: Europe: Average rate of unemployment, 2001-11
Figure 53: Europe: Average rate of unemployment, Q1 2012-Q3 2012
Interest rates
Figure 54: Europe: Interest rates, 2005-Q4 2012
Consumer confidence
Figure 55: Europe: Consumer confidence, Jan-Dec 2012