European Retail Briefing - September 2014

ANALYST COMMENT
 KINGFISHER LAUNCHES SCREWFIX IN GERMANY
Understanding the specialists sector in Germany
How Screwfix will sit in this market
Online in the German DIY market
What we think
EUROPEAN RETAIL SALES
Key points
Retail sales
Figure 1: Major European economies: Year on year retail sales value growth, 2013-14
Figure 2: Major European economies: Year on year retail sales volume growth, 2013-14
Inflation
Figure 3: Major European economies: All items CPI, 2013-14
Figure 4: Major European economies: Food price inflation, 2013-14
HEADLINES FOR THE MONTH
Grocers
Clothing retailing
Department stores
DIY retailing
Furniture retailing
Home shopping
Toys and games retailing
NEWS ANALYSIS – FOOD
 CO-OPS
UK: Co-op
…members overwhelmingly back governance reforms
…sales fall 3.8% in first half
 CONVENIENCE STORES
UK: McColl’s sales grow 4.3% in Q3
UK: Nisa CEO leaves business
UK: One Stop installs beacon technology in stores
 GROCERS
Denmark: World's first free supermarket opens in Copenhagen
France: Auchan sales rise 16.1% in first half
Germany: Lidl launches health and beauty items online
Germany: Metro to divest from Booker
Netherlands: Ahold sales fall 4.1% in Q2
Netherlands: Jumbo sales grow 26% in first half
Netherlands: Lidl to open new store concept in the Netherlands
Netherlands: Makro to suffer staff layoffs
UK: Aldi removes confectionery from checkout areas
UK: Asda
…like-for-like sales grow 0.5% in Q2
…invests in click-and-collect pods
…George to launch first plus-size range
UK: Iceland Foods completes refinancing deal
UK: Lidl
…launches first UK brand campaign
…to launch cut-price fashion range
UK: Morrisons
…extends store opening hours
…opens first commuter store
UK: Ocado to trial click-and-collect
UK: Sainsbury’s
…launches Tu online
…launches 10th anniversary Tu collection
UK: Tesco
…cancels plans for smartphone
…issues profit warning
…Harris + Hoole to close six stores
…to launch sandwich shop
…launches click and collect lockers
…major investor reduces stake
…to host Virgin Holidays concessions
UK: Waitrose opens railway station outlet
 OTHER FOOD SPECIALISTS
UK: Thorntons profits grow 60.4%
 ECONOMY
France: French MPs draft compulsory charitable food donation bill
UK: Asda and Waitrose gain market share
UK: Retail sales grow 2.7% in August
UK: Retail sales fall 0.3% in July
UK: Retail sales grow 2.6% in July
UK: Shop prices continue to fall in August
NEWS ANALYSIS – NON FOOD
 CLOTHING RETAILING
Belgium: Macintosh to offload Scapino
Europe: Van de Velde sales rise 10.3%
France: Etam profits grow 26.1% in the first half of the year
France: New Look confirms the sale of Mim
Spain: Desigual profits grow 48% first half of 2014.
Spain: Inditex to launch Lefties online
UK: Abercrombie & Fitch to open first kidswear store
UK: Barbour appoints new global e-commerce chief
UK: Element to open its first UK standalone store
UK: French Connection opens pop-up convenience store
UK: H&M's mega fashion 2014 Xmas campaign
UK: Lands’ End debuts House of Fraser
UK: All La Senza stores to close
UK: Lindex to open its first UK store
UK: Lipsy launches sports line
UK: New Look sales grow 8.1% in Q1
UK: Stradivarius opens its doors in the UK
UK: SuperGroup like-for-like sales fall 3.7% in Q1
UK: Vivienne Westwood sales drop 2%
 FOOTWEAR RETAILING
UK: Dr Martens appoints new CEO
 DEPARTMENT STORES
Germany: Karstadt
…acquired by Signa
…interim CEO leaves company
Spain: El Corte Inglés sales fall 1.8%
UK: House of Fraser
…trials mannequin beacons
…£480m acquisition formally completed
UK: John Lewis
…makes CollectPlus deliveries available nationwide
…trials in-store opticians
UK: Menarys enters CVA with creditors
UK: Selfridges
…to expand own-label selection
…opens in-store cinema
 DIY RETAILING
Europe: Kingfisher sales grow 0.9% in the first half of the year
Ireland: Woodie's performance boosts Grafton's sales
Netherlands: DGN Retail close to being taken over
UK: Homebase shareholder vetoes sell off
UK: Lords of Notting Hill adds cookshop to its portfolio
UK: Screwfix to open 50 new stores in 2015
UK: Wickes hires Fit Flop ecommerce boss
 GARDEN PRODUCTS RETAILING
UK: Terra Firma considering Wyevale sale
 BOOKS AND STATIONARY RETAILING
UK: WH Smith announce result ‘in-line with market expectations’
UK: The Works owners consider sale
 ELECTRICAL RETAILING
Europe: Newegg expands European operations
UK: Brighthouse
…explores IPO
…revenue grows 3.7% in Q1
UK: Dixons Carphone announce results of a ‘good start’
UK: Maplin
…sales rise but profits slump
…brings in Poundland chairman
UK: Phone 4u
…seeks 100 new stores
…future in doubt
…loses Vodafone contract
 MUSIC, FILM AND VIDEO GAMES RETAILING
UK: Game Digital posts solid sales
 FURNITURE RETAILING
Croatia: Ikea opens its first Croatian store
France: Ikea announces 10 new stores
Germany: Ikea launches lifetime returns
UK: Furniture Village secures £6m investment
UK: Ikea scales back new store plans
 HOME SHOPPING
France: 3 Suisses outlines turnaround plan
UK: Achica attracts hedgefund investor
UK: Amazon
…CFO to retire
…to launch the Amazon Fire TV in the UK
UK: Asos warehouse fire continues to cause disruptions
UK: Boden sales rise 5%
UK: JD Williams to launch TV campaign
UK: Kiddicare losses widen
UK: My-Wardrobe future in doubt
UK: Net-a-Porter sales grow 23%
UK: Shop Direct to launch transactional apps
UK: Zalando
…confirms IPO
…launches flash sales site in the UK
…sales grow 24.9% in Q2
 HEALTH AND BEAUTY RETAILING
UK: Marc Jacobs to open ‘tweet shop’
UK: Savers sales grow 15%
 SPORTS AND LEISURE GOODS RETAILING
UK: Sports Direct sales grow 12.2% in Q1
 TOYS AND GAMES RETAILING
Russian Federation: Hamleys reveals plans for Europe’s largest toy store
UK: Toys R Us sales fall 7%
 MULTI-SECTOR RETAILING
Belgium: CDiscount expands to Belgium
Netherlands: Hema to open in-store travel agents
UK: Laura Ashley sales and profits rise in the first half of the year
UK: Marks and Spencer
…launches unified marketing campaign
…opens first standalone back to school store
…to launch first range of frozen ready meals
UK: Poundland
…chairman drafted in by Maplin
…scraps Poundshop.com partnership
UK: TK Maxx plans 18 store expansion
UK: Wilko sales dip 4.4%
UK: 99p Stores
…launches 99p a week broadband internet service
…to offer hot drinks and bakery goods
 SHOPPING DESTINATIONS
UK: Europe’s first Asian shopping centre to open in London
UK: Heathrow launches first airport based personal shopping lounge
UK: Land Securities announces two new click-and-collect hubs
 MISCELLANEOUS SPECIALIST RETAILING
UK: Mamas & Papas hire former Aurora Fashions chairman
UK: Groupon launches new website
 MISCELLANEOUS
UK: The Elliot Review ‘concerned’ over retailers procurement policies
UK: Royal Mail to trial Sunday deliveries this weekend
 ECONOMY
France: French MPs draft compulsory charitable food donation bill
UK: Asda and Waitrose gain market share
UK: Retail sales grow 2.7% in August
UK: Retail sales fall 0.3% in July
UK: Retail sales grow 2.6% in July
UK: Shop prices continue to fall in August
EUROPEAN RETAIL HANDBOOK 2014/15: RETAILING IN SWEDEN
 THE SWEDISH RETAIL SCENE
 SWEDEN IN FIGURES
Population
Figure 5: Sweden: Population trends, 2009-13
Figure 6: Sweden: Population, by age group and gender, 2013
Figure 7: Sweden: Households, by size, 2012-13
Figure 8: Sweden: Population, by county, 2009-13
Economy
Figure 9: Sweden: Gross domestic product, 2003-13
Figure 10: Sweden: Consumer prices inflation, % change on previous year, 2009-13
Figure 11: Sweden: Consumer expenditure (incl. VAT), 2003-13
Figure 12: Sweden: Breakdown of consumer spending, by detailed category (incl. VAT), 2009-13
 SWEDISH RETAILING IN FIGURES
Retail sales
Figure 13: Sweden: Retail sales (excl. VAT), 2009-14
Figure 14: Sweden: Breakdown of retail sales (excl. VAT), 2009-14
Enterprises, outlets and employment
Figure 15: Sweden: Retail businesses, by sector, 2008-12
Figure 16: Sweden: Retail employment, by sector, 2008-12
E-commerce in Sweden
Figure 17: Sweden: Household internet access, 2005 and 2009-13
Figure 18: Sweden: Online purchases – Percentage of all individuals, 2009-13
 FOOD RETAILING IN SWEDEN
Figure 19: Sweden: Leading food retailers, 2013
 NON-FOOD RETAILING IN SWEDEN
Mixed goods and department stores
Figure 20: Sweden: Leading department stores and mixed-goods retailers, 2013
Clothing and footwear specialists
Figure 21: Sweden: Leading clothing and footwear specialists, 2013
DIY specialists
Figure 22: Sweden: Leading DIY specialists, 2013
Furniture specialists
Figure 23: Sweden: Leading furniture retailers, 2013
Electricals specialists
Figure 24: Sweden: Leading electrical goods specialists, 2013
Health and beauty specialists
Figure 25: Sweden: Leading health and beauty specialists, 2013
Miscellaneous specialists
Figure 26: Sweden: Major cultural, leisure and other specialists, 2013
Online and other home-shopping retailers
Figure 27: Sweden: Leading home-shopping retailers, 2013
 CONTACTS AND SOURCES