Opinion on Home Furniture and Housewares in Europe

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Type Product title / description Pub Price
CommentWire
CommentWire

Land of Leather: rapid growth ahead

The robust set of figures provides an ideal platform for Land of Leather to accelerate its store opening program. Despite slightly weaker like-for-like sales short term, prospects are buoyant, although the retailer remains vulnerable to a change in customer preferences.

Published By Datamonitor
27 Sep 2006
Expert View
Expert View

IKEA: rising to the challenge

Ikea's operating profit fell by 24.5% in the year to August 2005 while sales grew just 4.8%, causing its operating margin to drop to its lowest level for eight years. Despite the poor results, Ikea is tackling its weaknesses and is well placed to gain further market share as well as cope with new competition.

Published By Datamonitor
29 Sep 2006
CommentWire
CommentWire

ScS: growth story continues

While ScS reported how pleased it was with the increase in like-for-like sales in its trading update, it does mark a slowdown in comparative sales growth for the retailer. ScS will have to work harder in order to continue the rapid growth it has achieved in recent years and consider strategies other than expansion to drive sales growth.

Published By Datamonitor
10 Oct 2006
CommentWire
CommentWire

Wickes: new ranges to build market share

Rather than follow rivals B&Q and Homebase and adopt a softer positioning, Wickes is reinforcing its trade oriented and serious DIY-er credentials. While it makes sense to play to its strengths, the company will need to fight hard to raise its share in kitchens and bathrooms in a fiercely competitive market.

Published By Datamonitor
16 Oct 2006
CommentWire
CommentWire

Carpetright: weak competition aids growth

Carpetright's total UK and Ireland sales were ahead 5.9% in what continues to be a challenging market. Despite external pressures, Carpetright has grown market share and continues to aggressively open new store space ahead of rivals. The improving UK housing market should also drive growth in both sales and margins.

Published By Datamonitor
26 Oct 2006
CommentWire
CommentWire

Marks and Spencer: set to open standalone home stores

Out-of-town stores of between 25,000-40,000 square foot are being sought for Marks and Spencer to merchandise its full range of furniture and homewares. Despite the retailer's former failure in opening stand alone home stores, the proposition has a good chance of working, with its clear focus on M&S' core customer and stronger retail disciplines.

Published By Datamonitor
30 Oct 2006
CommentWire
CommentWire

Matalan: struggling in a challenging market

Operating in two very challenging sectors, value clothing and value homewares, Matalan certainly has its work cut out. Comparable sales across the business were down 1% for H1, but there were some signs of improvement in its core clothing range. Tightened stock controls should also help its financial performance over H2.

Published By Datamonitor
31 Oct 2006
CommentWire
CommentWire

Homestyle Group: management must keep eye on the ball

As Homestyle continues to struggle in the competitive UK furniture market, Steinhoff International is looking to purchase the outstanding shares it does not already own. However, it is a change in trading fortunes that Homestyle needs, not necessarily ownership.

Published By Datamonitor
21 Nov 2006
CommentWire
CommentWire

ScS: gaining competitive advantage through physical expansion

An aggressive store opening program has paid dividends for ScS as sales jumped 24% on the back of 21 new store openings. However, stripping out the effect of these new openings, like-for-like sales grew a mere 1%. In a challenging market characterized by little growth, increasing space must be at the heart of ScS' strategy.

Published By Datamonitor
22 Nov 2006
CommentWire
CommentWire

Ikea: cautious launch of online shopping services

A phased launch of Ikea's transactional website is expected to occur throughout 2007. The website will be highly popular, and is a further example of the retailer's increasingly flexible business model.

Published By Datamonitor
28 Nov 2006

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