Opinion on Home Furniture and Housewares in Europe

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Type Product title / description Pub Price
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Marks & Spencer: not such a festive season

M&S appears to be faring worse than its competitors, with its Christmas trading update revealing declining like-for-likes and total sales, as well as gross margin. Although the closure of 27 stores, reductions in head office staff and changes to the pension scheme will boost the retailer's margin, these moves will not solve all of its problems.

Published By Datamonitor
09 Jan 2009
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Expert View

Home Retail Group: time to take the money and split?

UK home and general merchandise retailer Home Retail Group has announced that, for the 18 weeks to January 3, 2009, like-for-like sales at its Argos and Homebase subsidiaries declined by 7.5% and 10.2%, respectively. These poor results are further evidence of the negative impact that the current economic climate is having on consumer confidence and thus discretionary spend.

Published By Datamonitor
16 Jan 2009
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Carpetright: laying the foundations for future growth

Carpetright has announced that like-for-like sales in the UK and Ireland for the five weeks to January 31, 2009 were down just 2.9%, with total sales, including the recently acquired Sleepright, up 7.9%. Carpetright's post-Christmas performance was better than expected, and the retailer is in a strong position to take advantage of capacity falling out of the market.

Published By Datamonitor
05 Feb 2009
CommentWire
CommentWire

The White Company: doing all white

The White Company has announced results which show sales holding up well, despite the difficulties facing its core customer. The company's statement demonstrates that through innovation, strong branding and adding value, premium retailers can continue to grow during the recession. As conditions deteriorate further in 2009, it will be crucial for The White Company to maintain this strategy.

Published By Datamonitor
06 Feb 2009
CommentWire
CommentWire

PPR: luxury not crisis resistant

With sales of E20.2 billion, 2008 looks like the last good year before the global crisis starts to affect sales at French giant PPR. Electricals and furniture sales have already been impacted by the slowdown in mature markets, and luxury will not prove immune to the downturn. As a result, PPR is positioning itself to survive difficult conditions in 2009.

Published By Datamonitor
23 Feb 2009
CommentWire
CommentWire

Dunelm: cash is king

Dunelm has followed up its recent robust set of interims with a comprehensive trading update which includes a remarkable set of trading figures, revealing sales up 8.9% in the eight weeks to February 21. With like-for-likes up 4.4% for the period, new stores in the pipeline, and excellent liquidity, Dunelm is so far doing a sterling job of riding the downturn of the turbulent market.

Published By Datamonitor
27 Feb 2009
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HRG: Argos defies expectations as Homebase's woes continue

Home Retail Group has announced that its main fascia, Argos, has experienced better than expected recent trading, with like-for-likes declining by only 1.6% in the final eight week trading period of the financial year ended February 28, 2009. However, sister chain Homebase has continued to struggle, with like-for-likes declining by 10.2%.

Published By Datamonitor
12 Mar 2009
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John Lewis Partnership: results hit by tough trading conditions

Reporting full year results up to January 2009, the John Lewis Partnership confirmed that tough trading conditions in 2008 had impacted both of its divisions, although department store John Lewis fared worse than supermarket Waitrose. The former's operating profits fell by 27.4% and current trading indicates that there is another tough year ahead.

Published By Datamonitor
13 Mar 2009
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World of Sofas: cashing in on spare capacity

Despite the deepening recession and consumer confidence falling to new lows, the founders of Land of Leather are planning a comeback. Trading under the World of Sofas fascia, the new business hopes to capitalize on cheap rents, low shipping costs and spare capacity. There are obvious motivations behind the timing, but establishing a new brand in the current climate is risky and arguably too hasty.

Published By Datamonitor
17 Mar 2009
CommentWire
CommentWire

Allied Carpets: allied to new owner

Allied Carpets has finally been sold, having been put up for sale prior to Christmas 2008. The new owners were no doubt attracted to the retailer by its lack of debt and potential as the second biggest player in the floorcoverings market. However, with a terrible trading record over the last decade and dire conditions in the floorcoverings market, turning the business around will be no small task.

Published By Datamonitor
25 Mar 2009

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