European Retail Briefing - September 2016

ANALYST COMMENT
Tough times for fashion retailers in Germany
Wöhrl
Sinn Leffers
Germany clothing retailers
Figure 1: Germany: Clothing specialists sales as % all spending on clothing, 2011-15
Who’s winning?
Not a question of stores vs online
Fashionability
Time for change
EUROPEAN RETAIL SALES
Key points
Retail sales
Figure 2: Major European economies: Year-on-year retail sales value growth, 2015-16
Figure 3: Major European economies: Year-on-year retail sales volume growth, 2015-16
Inflation
Figure 4: Major European economies: All items CPI, 2015-16
Figure 5: Major European economies: Food price inflation, 2015-16
HEADLINES FOR THE MONTH
Grocers
Clothing retailing
Multi-sector retailing
Electrical retailing
Home shopping
NEWS ANALYSIS – FOOD AND DRINK
 CONVENIENCE STORES
UK: McColl’s like-for-like sales fall 1.8%
UK: Premier reaches 3,300 stores
 GROCERS
Austria: Billa relaunches online platform
Germany: Aldi launches online wellbeing portal
Germany: Kaufland to introduce electronic shelf labels
Germany: Lidl overhauls IT system as part of 'big data' strategy
Italy: Carrefour launches new urban format
Netherlands: Ahold Delhaize makes good start as a merged company
Netherlands: Albert Heijn pilots mobile pick-up point
Netherlands: Jumbo sales rise 13.4%
Portugal: Sonae MC sales rise 3.6%
Spain: Carrefour Spain targets 175 store openings
Spain: Mercadona invests in second data centre
UK: Asda
…full-year sales decline 3.7%
…offloads photo division
… Q2 like-for-like sales tumble 7.5%
UK: Morrisons
…completes sale of Fresh Direct stake
…head office staff sent to help with heatwave rush in stores
UK: Sainsbury's
…launches Tu Premium range
…reveals Mini Habitat concession plans
…trials 'slow shopping' scheme
UK: Sicilian supermarket opens first shop in London
UK: Supermarket quarterly sales fall below £100bn
UK: Tesco
…ramps up online offer with same-day click-and-collect
…rolls out Scan as you Shop service
…trials 24-hour stores as night tube launches
 OTHER FOOD SPECIALISTS
UK: West Cornwall Pasty Co like-for-like sales rise 7.6%
UK: Whittard delivers 'solid progress' in 2015
NEWS ANALYSIS – NON-FOOD
 CLOTHING RETAILING
Europe: H&M Foundation offers €1m grant to fashion innovators
Germany: Hugo Boss plans 20 store closures as sales decline
Germany: Wöhrl seeks creditor protection
Switzerland: Charles Vögele sales fall as ‘rigorous’ restructuring begins
UK: Bhs
…international owner may revive the chain in the UK
…international owners purchase customer details
UK: French Connection eyed by Maplin owner
UK: H&M
…expands Cos and Monki into Bristol
…considers standalone menswear stores
UK: Hunkemöller launches UK website
UK: Joules profits surge as a listed company
UK: Jimmy Choo revenues grow 7.1%
UK: Lavitta expands to 10 stores
UK: Mamas and Papas opens new small format shop
UK: Monsoon Accessorize to shutter 141 dual-branded stores
UK: Oasis opens first market town store
UK: Pep&Co reveals ambitious expansion plans
UK: River Island to partner with Snapchat
UK: Scarlett & Jo seeks investor funding
UK: Suitsupply launches digital styling service
UK: TJX Europe reports slower than anticipated UK sales
UK: Topshop unveils see now, buy now runway initiative
 MULTI-SECTOR RETAILING
Spain: El Corte Inglés
…seeks to reduce debts through divestment
…Hipercor fascia underperforms
UK: B&M ramps up garden centre expansion
UK: Marks and Spencer
…boss considers scaling back international stores
…confirms 525 job cuts
UK: Mothercare launches upgraded website
UK: Poundland shareholders approve takeover by Steinhoff
UK: Steinhoff and Poundland announce final revised offer
UK: Wilko poaches Argos retail director as London expansion ramps up
 DEPARTMENT STORES
UK: Fenwick to open in Colchester following £35m redevelopment
Ireland: Debenhams Ireland goes ahead with restructuring plan
UK: John Lewis
…invests £9m in beauty offer
…outlines fashion and beauty focus for first Essex store
…supports suppliers with 'Made Locally' scheme
 DIY RETAILING
UK: Homebase sales rise 7.5% under Wesfarmers ownership
UK: Kingfisher's UK division drives growth
 ELECTRICAL RETAILING
Germany: Media-Saturn closes down Biwigo web store
Ireland: Apple’s European investment threatened by €13bn tax bill
UK: Brighthouse revenues increase 1.7%
UK: Dixons Carphone like-for like revenues rise 4%
 FURNITURE RETAILING
UK: DFS continues strong performance in the second half
UK: Dwell to open new concept store
UK: IKEA opens Order & Collection store in Westfield
UK: Mattress brand Casper launches in the UK
 HOMEWARES RETAILING
UK: Cath Kidston set to launch in Latin America
UK: Laura Ashley like-for-like sales rise 4.1%
 HOME SHOPPING
Germany: eBay launches free WiFi in German cities
Germany: Zalando
Netherlands: Cool Blue opens third Belgian physical shop
Netherlands: Picnic targets over 40 cities in three years
UK: Amazon
UK: Asos launches plus-size menswear
UK: eBay launches hub for plus-size fashion
UK: Farfetch surprises millionth customer with free order
UK: Findel approaches Terry Duddy for chairmanship
UK: Gear4music sales surge 73%
UK: Hello Fresh hosts cook-a-long events
UK: Notonthehighstreet secures £21m investment
UK: Ocado unveils 'Organic Kitchen' campaign
UK: PrettyLittleThing partners with Doddle
UK: Shop Direct delivers 43.6% profit growth as investment pays off
 HEALTH & BEAUTY RETAILING
UK: Lloyds rebrands Sainsbury's in-store pharmacies
UK: The Body Shop expands into Chile
UK: The Fragrance Shop offers one hour delivery
 BOOK AND STATIONERY RETAILING
UK: Card Factory sales grow 4.8%
UK: WH Smith performs in line with expectations
 SPORTS AND LEISURE GOODS RETAILING
UK: Evans Cycles' chief departs after profit slump
UK: Halfords retail revenues grow 4.8%
UK: JD Sports
UK: Mountain Warehouse launches childrenswear for Zakti
UK: Sports Direct changes zero-hours contract practises
 JEWELLERS
Denmark: Pandora revenues grow 20%
UK: Boutique.Goldsmiths hosts Olivia Burton embossing stations
 TOYS AND GAMES RETAILING
UK: Hawkins Bazaar outlines five-year expansion plan
UK: The Toy Store eyes new UK stores despite Oxford Street closure
 ECONOMY
UK: Retail footfall dips 0.4% in July
UK: Retail sales rise 3.6% in July
UK: Retail sales slow in August amid Olympics hype
UK: SaveTheHighStreet.org launches to 'revive' the high street
UK: Shop vacancies rise above 10%
UK: Worldpay finds 'seismic' shift in consumer payment preferences
THE NETHERLANDS
The Dutch retail scene
The Netherlands in figures
Population
Figure 6: The Netherlands: Population, 2012-16
Figure 7: The Netherlands: Population, by age and gender, 2016
Figure 8: The Netherlands: Number of households, by household size, 2011-15
Economy
Figure 9: The Netherlands: Gross domestic product, 2005-15
Figure 10: The Netherlands: Consumer prices inflation, % change on previous year, 2011-15
Figure 11: The Netherlands: Household consumption expenditure, 2005-15
Figure 12: The Netherlands: Breakdown of household consumption expenditure, 2010-15
Dutch retailing in figures
Figure 13: The Netherlands: Retail sales (excl. VAT), 2011-16
Figure 14: The Netherlands: Retail sales breakdown (excl. VAT), 2011-16
Online retailing in the Netherlands
Figure 15: The Netherlands: Broadband connections, % of households, 2011-15
Figure 16: The Netherlands: Online purchases – Percentage of all individuals, 2011-15
Food retailers
Figure 17: The Netherlands: Leading food retailers, 2015
Mixed goods and department stores
Figure 18: The Netherlands: Leading mixed goods and department store retailers, 2015
Clothing and footwear retailers
Figure 19: The Netherlands: Leading clothing and footwear retailers, 2015
DIY retailers
Figure 20: The Netherlands: Leading DIY retailers, 2015
Furniture retailers
Figure 21: The Netherlands: Leading furniture retailers, 2015
Electricals retailers
Figure 22: The Netherlands: Leading electricals retailers. 2015
Health and beauty retailers
Figure 23: The Netherlands: Leading health and beauty retailers, 2015
Miscellaneous specialists
Figure 24: The Netherlands: Leading miscellaneous specialist retailers, 2015
Online and other home shopping retailers
Figure 25: The Netherlands: Leading home shopping retailers, 2015
Contacts and sources