European Retail Briefings - June 2005

HIGHLIGHTS: MAY/JUNE 2005
Grocers
Clothing
Multi-sector
DIY
NEWS ANALYSIS
 CO-OPS (RETAIL)
UK: Co-op to slim head office
 CONVENIENCE STORES
Japan: Lawson develops “100 Yen” chain
UK: Somerfield invests in POS system
 GROCERS
Belgium: Delhaize announces own-label extension
France: Auchan pushes price cuts
France: Carrefour to launch lottery
France: Leclerc to push hard discount fascia
Germany: Aldi Sud adopts fresh meat
Germany: Joint CEOs for Lidl
Netherlands: Ahold
…CFO to leave
…as Ahold offers mixed Q1
Netherlands: Laurus appoints Edah boss
Spain: Caprabo continues to grow
Sweden: Axfood buys Bra Storlivs
UK: Tesco unveils non-food store plans
UK: Asda
…CD prices hit record low
…Durabrand launched
…and organic offering expands
…as George sales hit £2bn
…and Asda enters NI
UK: Morrisons
…clarifies profits position
…but like-for-likes cause concern
UK: Sainsbury’s relaunches car insurance
US: New COO at Supervalu Inc
 OFF-LICENCES
UK: Majestic results live up to name
 CLOTHING RETAILING
China: Muji to take on “copy cat” in China
Russian Federation: Mosaic plans Russian adventure
Spain: Cortefiel sees profits rise
Spain: Inditex growth tails off
Switzerland: Hackett heads to Spain
UK: Shoppers hot for Ann Summers
UK: Austin Reed stems decline
UK: Burberry strategy begins to work
UK: Moss Bros margins on the up
UK: New Look reports strong year
UK: Peacocks pushes forward, bonmarché regresses
US: Mango arrives stateside
US: TK Maxx’s Q1 results flat
 MULTI-SECTOR RETAILING
Australia: Coles Myer
…launches liquor chain
…and attempts to fuel loyalty
Australia: Metcash and Woolworths to pick up Foodland
Finland: Kesko launches cholesterol-lowering range
France: Fnac sees turnover rise
Germany: KarstadtQuelle
…sees Best step down
…and looks to offload Thomas Cook
Germany: Metro confirms full year outlook
Germany: Rewe joins price war
Japan: Ito-Yokado makes subsidiary plans
UK: Tough trading at Alexon
UK: GUS announces demerger and record profits
UK: Boots
…reduces admin overheads
…and signs up Macpherson
UK: Marks & Spencer
…defiant as profits plummet
…targeting food sales for comeback
UK: Merchant Retail reveals takeover bid
UK: Entertainment dip hits Woolworths
US: Sears slips into the red
 DEPARTMENT STORES
UK: Debenhams opens first Desire store
UK: Beales to close Walton outlet
UK: HoF living off new stores
 DIY RETAILING
Germany: Hornbach Q1 declines across the board
UK: Kingfisher
…B&Q develops trade-only stores
…amid boardroom changes
…and a disappointing Q1
UK: Fads parent back in the black
UK: Topps Tiles continues decent run
 ELECTRICAL RETAILING
UK: Comet disappoints but Kesa impresses
UK: Dixons looks to women
US: Best Buy is best in show
 MUSIC AND VIDEO GOODS RETAILING
France: Fnac sees turnover rise
 CARPET RETAILING
UK: Losses mount at Allied Carpets
 FURNITURE RETAILING
UK: Ikea
…plans home shopping platform
…as it plans Japanese entry
UK: Pier goes down concession route
 HOME SHOPPING
UK: Amazon UK boss set to leave
UK: Sales soar at Asos
UK: N Brown sells loans portfolio
 HEALTH & BEAUTY RETAILING
UK: Body Shop continues to tone financials
 BOOK AND STATIONERY RETAILING
UK: Clintons sales flat
 SPORTS AND LEISURE GOODS RETAILING
UK: JD founders leave board
UK: Retail conditions continue to hurt JJB
UK: Pentland takes JD majority
 JEWELLERS
UK: Signet UK arm suffering
UK: Theo Fennell make sales progress
UK: Richemont to buy Tiffany?
 TOYS AND GAMES RETAILING
UK: The Entertainer saves Gadget shop
US: Walt Disney to retain European retail chain
 MISCELLANEOUS SPECIALIST RETAILING
UK: Halfords hits new gear
US: PETsMART makes CIO appointment
ECONOMIC NEWS
Australia: Retail sales slip
China: Retail sales continue growing apace
Germany: Retail sales disappoint
Hong Kong: Sales continue to grow
Ireland: High street sales up
Italy: Retailers given Easter boost
UK: Retail sales growth “restrained”, says ONS
UK: No bank holiday rush for retailers
UK: Shoppers come through at half term
UK: Retailing in recession, says BRC
UK: Retail sales decline continues, says CBI
US: Retail sales slip on April
COMPANY FOCUS: FNAC IN BOOKS, MUSIC AND VIDEO RETAILING
 MARKET CONTEXT
Figure 1: European books, music & video market, by major product category, 2003
Figure 2: Europe: Books, music & video spending per capita, by country, 2003
Figure 3: European book, music & video market, by product category & country, 2003
France
 PROSPECTS
Figure 4: France: Retail sales forecast, 2004-09
 FNAC
What is it? The bare facts
 FINANCIAL DATA
Group
Figure 5: Fnac: Financial performance, 1999-2004
Domestic
Figure 6: Fnac France: Sales growth, 2003
Figure 7: Fnac: Market share of core product categories in France, 2003
International
Figure 8: Fnac: Sales, by country, 2003
Figure 9: Fnac: Sales, by country, 2000-03
 DISTRIBUTION
Outlets
Figure 10: Fnac: Outlet data, 1999-2004
E-commerce
 PRODUCTS
Figure 11: Fnac: Breakdown of sales by product category, 2003
Key points