European Retail Briefing - January 2014

ANALYST COMMENT: REVIEWING E-COMMERCE PARTICIPATION IN 2013
Figure 1: Proportion of all individuals who have made an online purchase of any goods or services in the last three months, 2008-13
Figure 2: Proportion of all individuals who have made an online purchase of food/groceries in the last 12 months, 2008-13
Figure 3: Proportion of all individuals who have made an online purchase of clothing/sports goods in the last 12 months, 2008-13
Figure 4: Proportion of all individuals who have made an online purchase of electronic equipment in the last 12 months, 2008-13
EUROPEAN RETAIL SALES
Key points
Retail sales
Figure 5: Major European economies: Year-on-year retail sales value growth, 2012-13
Figure 6: Major European economies: Year-on-year retail sales volume growth, 2012-13
Inflation
Figure 7: Major European economies: All items CPI, 2013
Figure 8: Major European economies: Food price inflation, 2013
BEAUTY RETAILING – EUROPE
 YVES ROCHER GROUPE
What we think
Bolstering store presence in its biggest market
Sluggish online sales
Authentic natural beauty products
Travel retail expansion
‘Most popular beauty site’
Company background
Company performance
Figure 9: Yves Rocher Groupe: Group financial performance, 2009-13
Figure 10: Yves Rocher Groupe: Estimated number of stores in selected countries, 2011-13
Figure 11: Yves Rocher Groupe: Sales by distribution channel, percentage, 2012
Retail offering
HEADLINES FOR THE MONTH
Convenience stores
Grocers
Clothing retailing
Multi-sector retailing
Department stores
DIY retailing
Electrical retailing
Home shopping
Shopping centres
Economy
NEWS ANALYSIS – FOOD AND DRINK
 BAKERS
UK: Greggs cuts staff after sales growth
 CO-OPS
UK: Co-operative Food reports strong Christmas performance
 CONVENIENCE STORES
Spain: Alcampo to supply Spanish BP stores
UK: Nisa Retail reports strong Christmas sales
 GROCERS
France: Carrefour acquires Rast supermarkets
Italy: Conad annual sales increase
UK: Asda trials new format
UK: Booths
…introduces brand price-matching scheme
…reports best ever festive trading
UK: Morrisons
…employee arrested for insider trading
…like-for-likes fall
… launches online shopping
UK: Over half the country shops at Aldi and Lidl
UK: Sainsbury’s
…blames tough sales environment for flat like-for-likes
…Freefrom food range sees boost in pre-Christmas sales
…to stop selling DVDs
UK: Tesco
…launches healthy living brand
…acquires Lazada
…glitch locks NatWest and RBS credit cards
…reports a fall in like-for-likes over Christmas
…to launch current account
…to test Indian market
UK: Waitrose
…predicts South American food boom
…records strong Christmas trading figures
…sales up as customers search for interesting Christmas food
 OFF-LICENCES
UK: Majestic Wine reveals strong Christmas figures
 OTHER FOOD SPECIALISTS
UK: Holland & Barrett increase store openings
NEWS ANALYSIS – NON-FOOD
 CLOTHING RETAILING
Europe: Inditex posts sales rise
France: Primark opens first French store
UK: Edinburgh Woollen Mill appoints new managing director of Peacocks
UK: Fat Face
…eyes potential flotation
…positive after Christmas trading
UK: Jigsaw reports strong Christmas trading figures
UK: Joules opens store at Gatwick airport
UK: Karen Millen profits decline
UK: Moss Bros witnesses “encouraging” sales
UK: New Look receives Christmas boost to like-for-likes
UK: Next raises forecasts on the back of bumper Christmas
UK: Paul Smith sees profits fall
UK: Retailers increase discounts in last-minute push before Christmas
UK: SuperGroup records strong progress
UK: Ted Baker reports solid Christmas figures
UK: TK Maxx accused of misleading customers
UK: TM Lewin starts international push
 FOOTWEAR RETAILING
UK: Barratts
…receives £5m rescue offer from Pavers
…remaining Barratts stores closed
 MIXED GOODS RETAILING
UK: Poundstretcher falls to £3.7m loss
 MULTI-SECTOR RETAILING
Germany: Forecast rises at Metro Group
UK: Argos digital stores hit by technical glitches
UK: M&S
…outlook gloomy
…extends discounts on clothing after poor Christmas sales
…reports disappointing third quarter
…to make toy packaging gender neutral
…member of staff refuses alcohol sale
 DEPARTMENT STORES
UK: Debenhams
…chief financial officer resigns
…demand discounts from suppliers
…posts disappointing interim management statement
UK: Galeries Lafayette in talks to buy House of Fraser
UK: House of Fraser
…records best ever Christmas results
…to appoint advisers for IPO
UK: John Lewis
…reports record sales figures
…sees Christmas sales hit £734 million
…posts pre-Christmas figures
…sees strong Christmas and New Year sales growth
…trials mobile point-of-sale
UK: Stacey Cartwright moves to Harvey Nichols
 DIY RETAILING
Europe: Hornbach Group publish figures for first nine months of 2013/14
UK: Topps Tiles sees first quarter sales jump
 ELECTRICAL RETAILING
Europe: Darty reports results for H1 2013/14
Europe: Dixons completes disposal of Pixmania
UK: Dixons Retail profits surge
UK: Maplin opens airport store following strong Christmas trading
 FURNITURE SHOPS
UK: CSL rebrands as Sofaworks
 MUSIC AND VIDEO GOODS RETAILING
UK: HMV to close Islington flagship
 CARPET RETAILING
UK: Carpetright profits and sales fall in first-half
 HOMEWARES RETAILING
UK: Dunelm TV campaign boosts Q2 sales
 HOME SHOPPING
Germany: Amazon’s German workers to strike
UK: Betta Living unveils virtual store
UK: N Brown to open 20 new stores
UK: Shop Direct hires Sarah Curran
 HEALTH & BEAUTY RETAILING
UK: Lush beats high-street Christmas slump
UK: The Fragrance Shop launches TV marketing campaign
 BOOK AND STATIONERY RETAILING
UK: Foyles like-for-likes edge up
UK: Golden goodbye for Kate Swann
UK: The Works reports record breaking Christmas trading
UK: Ryman Group reports strong Christmas
 SPORTS AND LEISURE GOODS RETAILING
UK: Adidas to cut independent accounts
UK: JD Sports records improvement in like-for-likes
UK: Sports Direct first-half profits soar
 MISCELLANEOUS SPECIALIST RETAILING
UK: Mamas & Papas sees full year profits rise
UK: Mothercare issues profit warning
 SHOPPING CENTRES
France: Carrefour to buy Klepierre malls
UK: Bluewater debuts midnight shopping
 ECONOMY
UK: BRC
…footfall monitor shows decline
…sales monitor shows "respectable" Christmas trading
UK: ONS: Positive November retail sales