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CommentWire
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John Lewis, last year's shining star and barometer of UK consumer confidence, is feeling the pinch as consumers rein in discretionary spending. While sales of clothing and beauty have been resilient, homewares has taken a sharp knock, and operating profits have tumbled as the retailer campaigns harder on value against a backdrop of rising costs and muted consumer expenditure.
Published By Datamonitor
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15 Sep 2008 |
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CommentWire
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John Lewis's refurbishment of its Bluewater store will involve the conversion of the basement into new retail space, which will include the chain's first foodhall outside London. With John Lewis Bluewater's sales currently down on last year, the opening of the foodhall next summer could provide a significant boost to trading at the location, which is one of the retailer's larger stores.
Published By Datamonitor
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04 Nov 2008 |
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CommentWire
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John Lewis has managed to be one step ahead of the competition. The retailer spotted the potential for online retailing and even the dot.com bubble bursting could not deter it from its plans. Finally its investment is paying off, making it an even stronger competitor in the department store market.
Published By Datamonitor
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17 Jul 2006 |
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Expert View
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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
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13 Mar 2009 |
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Expert View
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Value womenswear and homewares retailer Internacionale Limited has entered administration. The group, which operated Internacionale and Au Naturale stores, is facing difficult conditions in both of its market sectors, as are many of its rivals.
Published By Datamonitor
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08 May 2008 |
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CommentWire
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Spanish firm Inditex, Europe's largest clothing retailer, has reported a strong overall performance for fiscal 2007. In addition, further international expansion and the launch of a new brand will put the group in a good position to weather the storm in its domestic market, which is facing an economic downturn.
Published By Datamonitor
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31 Mar 2008 |
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CommentWire
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On August 3, 2006, Ilva finally opened its first UK store near London after a series of delays and an unprecedented level of anticipation from competitors and customers alike. With its compelling product, solid price architecture and a store environment that sets new standards in the industry, Ilva is the most significant event in UK furniture retailing since the launch of Ikea.
Published By Datamonitor
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07 Aug 2006 |
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CommentWire
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Ilva executive chairman Martin Toogood has told The Sunday Times that the Danish furniture retailer will open its first British store this May. Ilva is confident that it will prosper at the expense of the current market leaders. Indeed, the retailer's strong statement on style and emphasis on service will fill a gap in a market that is currently suffering from a lack of innovation.
Published By Datamonitor
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10 Jan 2006 |
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Expert View
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The revelation that Danish furniture specialist ILVA is to withdraw from the UK comes as no real surprise. Since its launch, ILVA has struggled to gain a foothold in the market, making a loss before it even opened its doors. The torrid trading conditions affecting all big-ticket retailers appear to have hammered home the final nail in the coffin, accelerating ILVA's inevitable demise.
Published By Datamonitor
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27 Jun 2008 |
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Expert View
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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
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29 Sep 2006 |
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