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August European Retail Briefing - 2021

ANALYST COMMENT – PLENTY OF POSITIVES FOR LUXURY GOODS DESPITE THE COVID-19 HIT
EUROPEAN RETAIL SALES
Key points
Retail sales
Figure 1: Major European economies: Year-on-year retail sales value growth, 2019-21
Figure 2: Major European economies: Year-on-year retail sales volume growth, 2019-21
Inflation
Figure 3: Major European economies: All items CPI, 2019-21
Figure 4: Major European economies: Food price inflation, 2019-21
LAUNCH ACTIVITY AND INNOVATIONS
Poland: Zabka launches new parcel service
France: Groupe Casino ‘rethinks’ its Monop concept to respond to changing consumer habits
Germany: Online electronic retailer Coolblue to open first store in Germany
HEADLINES FOR THE MONTH
Grocers
Clothing retailing
Department stores
DIY retailing
Electrical retailing
Online
Sports and leisure goods retailing
NEWS ANALYSIS – FOOD AND DRINK
 CO-OPS
UK: Central England Co-op launch one-hour delivery services to 100 stores
 GROCERS
France: Carrefour
...hypermarkets sales up 4.3% in Q2
...to open 30 Supeco stores in 2021
...invests in express delivery start-up Cajoo
Germany: Kaufland launches new online campaign targeting younger shoppers
Italy: Carrefour rolls out Shop & Charge initiative for Fiat 500 owners
Italy: Conad Adriatico earmarks €170.5 million of investment for new store openings
Italy: Esselunga pledges to plant three million trees by 2030
Italy: Maiora turnover grows 14% compared to pre-pandemic levels
Sweden: ICA sales up 3.6% in July driven by convenience format
UK: Aldi
...donate 1 million meals to charities over summer holidays
...trial fully recyclable packaging for its sandwiches
UK: Iceland recruits 2,000 staff due to shortages
UK: Leading supermarkets warn of trade disruptions in Northern Ireland due to Brexit protocol
UK: Lidl
...pledge to increase sales for healthy products
...roll out self-scan app ‘Lidl Go’
UK: Morrisons
...Fortress ups bid to £6.7 billion for Morrisons
...Morrisons expect counter bid from US private equity firm CD&R
...pilot checkout-less store technology at Bradford HQ
 OTHER FOOD AND DRINK SPECIALISTS
UK: Hotel Chocolat sales up 21% as it renegotiates rent for its UK stores
NEWS ANALYSIS – CLOTHING AND FOOTWEAR
 CLOTHING RETAILING
Finland: Stockmann revenues up 21.4%
France: Kering sales up 48.9% despite lockdowns
France: LVMH sales up 14% following strong demand in all of its markets
Germany: Hugo Boss expects group sales to grow 35% following the end to lockdown restrictions
Italy: Prada sees revenues grow 60% thanks to stores reopening
Netherlands: WE Fashion revenues down 28.7% due to store closures during the year
Spain: Mango expects sales for 2020 to excess pre-COVID levels
UK: Arcadia Group companies to be liquidated
UK: Burberry sees comparable store sales rebound in Q1
UK: Forever New opens first UK store
UK: Joules sales up 4.3% as growth from online offset store closures
UK: LK Bennett to roll out rental service
UK: Mamas & Papas to double overseas sales next year as it unveils expansion plans
UK: Matalan latest retailer to join government Kickstart scheme for young people
UK: Mulberry sales up 4% thanks to digital performance
UK: New Look revenues down 40.1% due to store closures
UK: Next ups profit guidance as sales grow 18.6%
UK: Philipp Plein to accept payment in cryptocurrency
UK: Quiz quarterly sales jump 311.9% thanks to easing of lockdown restrictions
UK: Sweaty Betty bought by US-based investor firm for £300m
UK: The Restory to offer repairs for clothing
UK: Victoria’s Secret set to trade separately from L Brands from August 2021
 FOOTWEAR RETAILING
UK: Dr Martens sales up 52% following ‘encouraging’ recovery from reopened stores
UK: Skechers sales up 127.3% as consumers returned to a ‘more normal lifestyle’
NEWS ANALYSIS – MIXED GOODS
 MULTI-SECTOR RETAILING
Germany: Penny donates €1.35 million for communities affected by flooding
UK: Marks & Spencer
...introduce same-day delivery for fashion purchases
...launches first-ever children’s book on sustainability
...warns Northern Ireland could see higher prices
UK: Mike Ashley to step down from Frasers Group as profits fall 95.1%
UK: Mothercare losses widen to £21.5 million due to temporary store closures
UK: Poundland
...Q3 l-f-l up 21% as it opens 22 new stores
...launches frozen and chilled ranges to 40 more stores
...Pepco to create 13,000 jobs in Europe over the next three years
 DEPARTMENT STORES
Spain: El Corte Inglés sees sales grow 50.2% despite travel bans
UK: Harrods reveals new beauty and salon offering
UK: Harvey Nichols partners with technology firm Reflaunt for resale service
UK: John Lewis Partnership to cut 1,000 jobs
UK: Liberty London impacted by lockdowns
UK: Selfridges
...to sell pre-loved bridal wear at wedding pop-up
...auction begins with bids expecting to reach £4bn
...celebrates Birmingham’s diverse community with new store facade
NEWS ANALYSIS – HOUSEHOLD GOODS
 DIY RETAILING
France: Mr Bricolage sees sales grow 27.3% in the first half of 2021
Germany: Retailers show support for areas affected by floods
UK: Homebase to create 300 new jobs for young people
 ELECTRICAL RETAILING
France: Fnac Darty grows sales by 21.6% and ups its 2021 forecast
Germany: Ceconomy sees turnover increase 7.3% driven by TVs and house appliances
 FURNITURE RETAILING
UK: Dreams reveals new concept for Feather & Black
 MUSIC AND VIDEO GOODS RETAILING
UK: HMV to open 10 new stores
 HOMEWARES RETAILING
UK: Dunelm sees sales rise 26% thanks to homewares
NEWS ANALYSIS – ONLINE
France: Rakuten rewards second-hand purchases to its loyalty members
Germany: HelloFresh
...launches new online Market for US shoppers
...to buy Australian ready-made meal supplier YouFoodz
Germany: Zalando sees revenue grow 34% in Q2
Sweden: Klarna acquires online start-up Hero
UK: Amazon rival Imagr opens automated pop-up store
UK: Asos
...sales up 21% driven by UK
...and Nordstrom team up for joint venture
UK: Bloom & Wild acquires French Bergamotte
UK: Eve Sleep revenues grow 13% thanks to rise in online shopping
UK: Hurr partners with Depop ‘to power the circular economy’ with pre-rented collection
UK: In The Style revenues soar 132%
UK: Moonpig revenue grows 113% following its stock market debut
UK: Music Magpie hails ‘landmark period’ as sales grow 3.8%
UK: Net-A-Porter and Mr Porter launch new collection with Watchfinder
UK: Sephora agrees to buy Feelunique for £132 million
UK: The Hut group acquires Cult Beauty for £275m
UK: The Very Group moves clothing returns to its automated fulfilment centre
NEWS ANALYSIS – OTHER RETAIL
 HEALTH AND BEAUTY RETAILING
France: Bogart Group sees sales recover in Q2 as stores reopen
UK: Coty set to relaunch Kylie Cosmetics and reveals UK retail partners
UK: Superdrug sales drop 15% despite remaining open during pandemic
UK: The Fragrance Shop targets 20 new stores a year
 SPORTS AND LEISURE GOODS RETAILING
Germany: Adidas ups outlook as sales grow 52% in Q2
 JEWELLERS
UK: Watches of Switzerland hails strong growth as sales increase 101.9%
 TOYS AND GAMES RETAILING
UK: Games Workshop revenues rise 31% thanks to online sales
UK: Hamleys opens first standalone store in Edinburgh
UK: Hobbycraft l-f-l grow 15.3% as it plans more store openings
 PETS AND PET PRODUCTS RETAILING
UK: Pets at Home
...reports a strong start to its latest financial year
...pilots recycling scheme
 SHOPPING CENTRES
UK: Tik Tok opens pop-up at Westfield London

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