European Retail Briefings - November 2006

HIGHLIGHTS: NOVEMBER 2006
Grocers
Clothing Retailing
Multi-Sector Retailing
Electrical Retailing
Furniture Retailing
DIY Retailing
NEWS ANALYSIS
 BAKERS (RETAIL)
UK: Greggs’ like-for-likes hit by weather
 GROCERS
UK: Aldi moves upmarket
UK: Asda
…launches first 'zero waste' store
…to expand online, Living
UK: Tesco
…Dunnhumby joins with Casino
…announces clothing investment
Thailand: Tesco halts expansion
UK: Sainsbury's
…continues to shine
…saves £40 million insourcing IT
UK: Morrisons reveals £22m store disposal profit
UK: Ramsden to leave Nisa-Today
UK: Netto appoints Lancaster
UK: Co-op boss to quit in 2007
Belgium: Delhaize continues form, to exit Czech Republic
Czech Republic: Rewe buys Czech Delvita from Delhaize
Russian Federation: Magnit profit’s soar
Europe: Ahold, Delhaize drop merger plan
France: Leclerc's price comparison site returns
France: Casino Q3 like-for-likes up 4%
Italy: Wal-Mart makes new bid for Esselunga?
Netherlands: Ahold
…reveals review results date
…posts third quarter sales rise
…announces US Foodservice sale
Netherlands: Schuitema CFO quits
Russian Federation: X5 Retail reveals nine month results, new chairman
Sweden: ICA reveals nine month success
 OFF-LICENCES
UK: Majestic reveals majestic first half
 CLOTHING RETAILING
UK: Arcadia
…see sales and profits fall
… and plans to overhaul stores
UK: Austin Reed board accepts £49 million offer
UK: Foster to take La Senza job
UK: Burberry records interim profit drop
UK: Lion Capital buys Contessa
UK: Gap
…reveals Mouret dresses line
… and immediately sees them sell out
UK: Matalan posts further sales fall
UK: Monsoon
…chief exec sells up
…and subsequently quits
UK: Mothercare profits in first half
India: Mothercare to increase openings?
UK: Paul Smith expansion continues
UK: Peacocks plans flagship, considers more womenswear stores
UK: Primark posts sales, profit rise
Finland: Divestments lift Stockmann profits up 70%
Italy: Benetton loses two as sales grow, earnings slip
US: Gap sees earnings fall in third quarter
 MIXED GOODS RETAILING
UK: Instore slides further into the red
US: Dollar Tree reports quarterly profit rise
 MULTI-SECTOR RETAILING
UK: Alliance Boots unveils first results
UK: Home Retail group
…is potential takeover target
…reveals interim sales growth
UK: John Lewis announces expansion
UK: M&S
…set to trial homewares store
…growth continues
…launches wedding dresses
…recruits Bassey for Xmas ads
US: Wal-Mart performs in third quarter
Australia: Coles Myer sees Q1 success
 DEPARTMENT STORES
UK: Harvey Nichols sees sales, profit rise
Uk: HoF appoints King, will undergo restructure
US: J C Penney profits in third quarter
 DIY RETAILING
UK: Robert Dyas to expand
US: Lowe’s posts Q3 earnings increase
US: Sears records rocketing income
 ELECTRICAL RETAILING
UK: Kesa reveals sales growth
UK: DSG International
…posts strong H1 results
…PC World targets women with revamp
 CARPET RETAILING
UK: Carpetright boosted by European sales
UK: Bid talks for Floors 2 Go
 FURNITURE RETAILING
UK: Dreams buys into Scotland
UK: Steinhoff looks to buy Homestyle
UK: Land of Leather continues sales success
UK: ScS records full-year sales rise
 HOME SHOPPING
UK: Farepak Response Fund established
US: Amazon suffers another quarterly profit slump
 HEALTH AND BEAUTY RETAILING
UK: Superdrug
…cuts pre-Christmas prices
…to hit internet
UK: Virgin to de-list Victory after sales fall
 BOOK AND STATIONERY RETAILING
UK: WH Smith to hit motorways
 SPORTS AND LEISURE GOODS RETAILING
UK: Weak Millets' performance hurts Blacks H1 profit
UK: Sportsworld
…buys 29% stake in Blacks
…gets double blow
…owner buys Kangol
UK: JJB
…founder provokes strike with 'Communist' jibe
…strike escalates
…founder sells shares to pay tax bill
…but avoids another strike
 JEWELLERS
UK: Signet
…continues to sparkle
…and announces profits to match
UK: Theo Fennell shines in first half
 GARDEN CENTRES
UK: Dobbies reports like-for-likes growth
UK: Wyevale buys Bridgemere Garden World
 TOYS AND GAMES RETAILING
UK: Hamleys appoints marketing director
 MISCELLANEOUS SPECIALIST RETAILING
UK: Halfords continues form
US: PetSmart sees sales rise
ECONOMIC NEWS
Australian retail up year-on-year
Chinese retail sales up in October
Czech retail sales rise year-on-year
Estonia records retail growth
German retail falls unexpectedly in September
Italian retail sales keep rising
Latvian retail up year-on-year
Polish retail sales grow 14.5%
Spanish retail climbs 3.7% year-on-year
UK
…October retail sales disappoint, says CBI
…retail strength continues in October, says ONS
…sales up in October, says BRC
…interest rates rise to 5%
MARKET ANALYSIS: ELECTRICAL RETAILING IN EUROPE
Europe’s electrical retailing market
Figure 1: Europe: European consumer spending on electricals by market, 2005
Figure 2: Europe: European electricals market share by country, 2005
 OWNERSHIP
Audio-visual equipment
Figure 3: Europe: Ownership of key brown goods, by country, 2005
Figure 4: Europe: Ownership of new technology products, by country, 2005
Large kitchen appliances
Figure 5: Ownership of key kitchen appliances, by country, 2005
European electrical specialists
Figure 6: Europe: Electrical specialists’ sales, 2005
Figure 7: Europe: electricals specialists’ share of all electricals spending, 2005
European product trends
Large screen TVs drives audio-visual market
The need to replace white goods
Competition hits grey goods
Console and handheld video games
Digital photography
The impact of e-commerce on the high street
Online threat to the high street
Leading specialists
Figure 8: Europe: Leading electricals retailers, 2005
Figure 9: Europe: Leading retailers’ share of total electrical retail sales, 2004
Buying groups
Outlook
Change in a fast paced market
An increasingly international market
New product development
COMPANY PROFILE: BOULANGER
Figure 10: Boulanger: Estimated share of French electricals specialists’ sales, 2001-05
Figure 11: Boulanger: Estimated share of all European electricals retailers, 2001-05
Financial performance
Figure 12: Boulanger: Estimated sales, 2001-05
Outlets
Figure 13: Boulanger: Outlet data, 2001-05
Products
E-commerce and loyalty cards
The future