Table of Contents
Highlights: November 2007
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- Grocers
- Clothing retailing
- Multi-sector retailing
- Mixed goods retailing
News Analysis
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- Grocers
- Austria: Spar makes offer for Tengelmann's Austrian business
- Belgium: US stores boost Delhaize Q3 revenues
- China: Time-limited sales promotions banned
- Czech Republic: Loss at Ahold's Czech operations widens in 2006
- France: Carrefour
- …to invest €200m in Bulgarian expansion
- …and to enter India without a local partner
- France: Casino posts sales rise but struggles at home
- France: Grocers protest suppliers' price hikes
- Germany: Edeka to take majority stake in Plus
- Germany: Metro Extra sale on the cards?
- Netherlands: Ahold
- …posts third-quarter sales rise
- …and reveals profits up 1.4%
- …then names new CEO
- Netherlands: Schuitema reveals Q3 profit drop
- Portugal: Jerónimo Martins sees 3Q profits rise
- Romania: Carrefour buys Artima
- Russian Federation: X5 buys Korzinka
- UK: Asda
- …announces Christmas price cuts
- …despite profits fall in 2006
- …will co-operate with OFT in price-fixing inquiry
- …to overhaul teenage-focused George
- …and will take on Argos with online offer
- UK: Competition Commission publishes grocery inquiry provisional findings
- UK: Lidl goes healthy, quits tobacco sales in Scotland
- UK: London votes to ban plastic bags
- UK: Morrisons LFLs pick up during Q3
- UK: Sainsbury’s
- …issues deadline; Delta seeks funding
- …before Delta Two quits
- …as Tchenguiz revives split plan
- …as the grocer posts strong H1 profit
- United States: BP sells 700 US convenience stores
- United States: Harris Teeter FY sales up 12.9%
- United States: Tesco
- …opens first six Fresh & Easy stores
- …issues first US bond
- United States: Whole Foods FY LFLs up 7.1%
- United States: Winn-Dixie reduces loss in first quarter
- Off-licences
- UK: Strong H1 results for Majestic
- UK: Oddbins losses widen in 2006
- Clothing retailing
- Finland: Stockmann continues successful year
- International: Little Miss Matched announces expansion
- Japan: Uniqlo has global ambitions
- UK: Arcadia records full-year success
- UK: Burberry profits up 32% in H1
- UK: French Connection LFLs fall 3% in Q3
- UK: LK Bennett owner attempts sale (again)
- UK: Matalan founder quits as chairman
- UK: Peacocks delays potential £800m refinancing
- UK: Primark boosts ABF full year profits
- UK: Robust Q3 for Ted Baker
- UK: USC reveals £8.8m loss
- United States: Gap hit by child labour claims
- United States: Hilfiger goes for flotation on Euronext
- United States: Urban Outfitters Q3 sales up 23%
- Mixed goods retailing
- UK: Mothercare
- …tests the water in Germany
- …records rise in UK and international sales in H1
- UK: Woolworths sees sales rise but retail struggles
- Multi-sector retailing
- Finland: Stockmann continues successful year
- France: PPR posts solid Q3 results
- Germany: Arcandor
- …plans to sell controlling Neckermann stake
- …and considers Karstadt/Kaufhof merger
- Germany: Metro
- …sees third-quarter sales success
- …and appoints Haniel as new chairman
- Ireland: M&S reveals Irish expansion plans
- UK: Ethical retailer Adili announces flotation
- UK: Boots ahead of expectations
- UK: Home Retail Group
- …details India plans
- …and reveals interim profit
- UK: M&S H1 results, announces international expansion
- UK: Next LFLs drop 2.9% in Q3
- United States: Sears buys 13.5% stake in Restoration Hardware
- United States: Disappointing Q3 for JC Penney
- Department stores
- UK: House of Fraser profits post Baugur buyout
- UK: John Lewis
- …announces expansion
- …and ramps up advertising for Christmas
- United States: Kohl's net profit falls 14% in Q3
- United States: Macy's reports flat sales in Q3
- United States: Nordstrom LFLs up 2.2% in Q3
- United States: Saks
- …targeted by Baugur
- …before details emerge
- DIY retailing
- Germany: Praktiker profits in third quarter
- Ireland: Wickes to enter Ireland
- UK: Murphy to leave Kingfisher
- UK: Travis Perkins acquires Tile Giant
- United States: Lowe’s suffers from housing slump in Q3
- United States: Home Depot reports lower profit in Q3
- Electrical retailing
- Australia: Harvey Norman posts first-quarter sales rise
- UK: Carphone Warehouse reports strong profits in H1
- UK: Kesa sales growth slows in Q3
- Furniture retailing
- UK: Land of Leather records like-for-likes fall
- UK: United Carpets upbeat on trading
- Home shopping
- United States: Amazon sees sales rise in Q3
- Book and stationery retailing
- UK: Sales slow for Clinton Cards
- UK: WH Smith reports solid start to the financial year
- United States: Barnes & Noble posts profit in Q3
- United States: Borders posts increased sales in Q3
- United States: Office Depot profits take a hit in Q3
- Sports and leisure goods retailing
- UK: Blacks Leisure
- …records LFL rise, pre-tax loss
- …appoints new chief executive
- UK: Sports Direct
- …moves to scupper Nike's Umbro bid
- …and sells Amer stake
- Jewellers
- UK: Goldsmiths boss to go
- UK: Signet posts strong third quarter
- Health & beauty retailing
- Germany: Celesio nine-month profit edges ahead
- United States: CVS reports record third-quarter results
- Mass-merchandisers
- United States: Target Q3 profit down 4.5%
- United States: Wal-Mart
- …attacked in ad campaign
- …as LFLs rise 1.5% in Q3
- …and denies online grocery delivery rumours
- …and expects Christmas boom on website
- …as it moves to entice US/Canadian customers
- Toys and games retailing
- United States: GameStop posts record Q3 results
- Miscellaneous specialist retailing
- UK: Halfords increases profits in H1
- UK: Pets at Home considering sale or float
- United States: Lower profit for PetSmart in Q3
Economic News
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- China: Retail sales up 17% in September
- Denmark: retail sales up in September
- Germany: Retail down on year, up on month
- Italy: Retail up in August
- Ireland: Retail sees month-on-month fall in August
- Japan: Retail sales up year-on-year
- Netherlands: Dutch retail sales increase in September
- Spain: Retail sales growth falls in September
- UK:
- Retail sales growth continues in October, says ONS
- CBI: evidence of a retail slowdown
- Interest rates affect retail sales in October, says BRC
Market Analysis: Food Retailing in Europe
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- Czech Republic
- Economic outlook
- Food retailers’ prospects
- Retail sales forecasts
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- Figure 1: Czech Republic: Food retailers’ sales, 2002-12(f)
- Figure 2: Czech Republic: Food retailers as % all retail sales, 2002-12
- Denmark
- Economic outlook
- Retailers’ prospects
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- Figure 3: Denmark: Food retailers' sales, 2002-12f
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- Figure 4: Denmark: Food retailers' sales as % of all retail sales, 2002-12f
- Finland
- Economic outlook
- Retailers’ prospects
- Sector definition
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- Figure 5: Finland: Food retailers' sales, 2002-12f
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- Figure 6: Finland: Food retailers' sales as % of all retail sales, 2002-12 (f)
- France
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- Figure 7: France, Retail Sales 2002-12 (f)
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- Figure 8: France, Food retail as a % Of all Retail, 2002-12
- Recent trends in French food retail
- Germany
- Economic outlook
- Consumer outlook
- The status quo
- Discounters will continue to dominate
- Mainstream players are constrained
- While discounters are adapting
- Further corporate activity
- Retail sales forecasts
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- Figure 9: Germany: Retail sales, 2002-12
- Figure 10: Germany: Food retailers as % all retail sales, 2002-12
- Ireland
- Economic outlook
- Food retailers’ prospects
- Retail sales forecasts
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- Figure 11: Republic of Ireland: Retail sales, 2002-12 (f)
- Figure 12: Republic of Ireland: Food retailers’ sales as % of all retail sales, 2002-12(f)
- Italy
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- Figure 13: Italy: Food retail sales, 2002-12(f)
- Figure 14: Italy: All Food retailers’ sales as a % of total retail sales, 2002-12(f)
- Norway
- Economic outlook
- Retailers’ prospects
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- Figure 15: Norway: Retail sales, 2002-12(f)
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- Figure 16: Norway: Food retailers’ sales as percentage of all retail sales, 2002-12(f)
- Poland
- Economic outlook
- Prospects
- Food retailers lagging slightly behind non-food specialists
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- Figure 17: Poland: All retail and Grocers’ retail sales, 2002-12
- Figure 18: Poland: Food retailers’ sales as % of all retail sales, 2002-12(f)
- Spain
- Economic outlook
- Food retailers
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- Figure 19: Spain: Retail Sales, 2002-12(f)
- Sweden
- Retail sales forecasts
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- Figure 20: Sweden, Retail Sales 2002-12(f)
- Figure 21: Sweden, Food Retailers as % of all Retail Sales, 2002-12(F)
- Switzerland
- Economic outlook
- Retail sector – outlook
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- Figure 22: Switzerland: Retail sales, 2002-12(f)
- Figure 23: Switzerland: All food retailers’ sales as % of all retail sales, 2002-12(f)
- UK
- Economic outlook
- Inflation and interest rates
- Consumer outlook
- Retail sales
- Food retailers forecasts
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- Figure 24: UK: Food retailers sales, 2002-12
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- Figure 25: UK: Food retailers as % of all retail sales, 2002-12
Company Profile: Ahold Group & ICA
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- Ahold Group
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- Figure 26: Ahold Netherlands: Sales as share of Dutch food retailers' sales, 2004-06
- Strategic evaluation
- More focused
- Overhaul remaining US operations
- And refocus in Europe
- Retained interests lack cohesion
- Where next in the Netherlands?
- Possible deals
- Background
- Financial performance
- Group retail results
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- Figure 27: Ahold Group: retail division financial performance, 2004-06
- Albert Heijn Arena
- Central Europe Arena
- Schuitema
- Interim results 2007
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- Figure 28: Ahold Europe: interim financial performance, 2007
- Financial targets
- Store portfolio
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- Figure 29: Ahold Group: Outlet data, 2004-06
- Retail banners
- Retail offering
- Market positioning
- Brands
- Product offer
- Pricing
- Operational issues
- e-commerce and home shopping
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- Figure 30: Ahold Europe: online sales growth, 2003-06
- ICA
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- Figure 31: ICA Sverige: Sales as share of all food retailers in Sweden, 2002-06
- Figure 32: ICA Norge: Sales as share of all food retailers in Norway, 2002-06
- Strategic evaluation
- Focus on core and build market leadership
- Local management: central co-operation
- New formats to meet customer expectations
- The future
- Background
- Financial performance
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- Figure 33: ICA retail: Financial performance, 2002-06
- ICA Sverige
- ICA Norge
- Rimi Baltic
- Interim results 2007
- Store portfolio
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- Figure 34: ICA Group: Outlet data, 2002-06
- ICA Sverige
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- Figure 35: ICA sverige: Outlet data, 2006
- ICA Norge
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- Figure 36: ICA Norge: Outlet data, 2006
- Rimi Baltic
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- Figure 37: ICA Baltic: Outlet numbers by type, 2006
- Retail offering
- Market positioning
- Brands
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- Figure 38: ICA: groceries own brands
- Product offer
- Pricing
- Operational issues
- Advertising and marketing
- e-commerce and home shopping
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