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Expert View
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Up against strong comparatives, rising interest rates and unseasonal weather, commentators were predicting a rapid slowdown for Marks & Spencer's first quarter results. However, the UK retailer's performance was stronger than expected and, despite the unpredictable retail climate, the company should continue on its upward growth trend, albeit more slowly.
Published By Datamonitor
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10 Jul 2007 |
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Expert View
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Marks & Spencer has announced plans to return to the Spanish market, despite the fact that many retailers have shelved their expansion plans for the country as it suffers a severe economic downturn and rising unemployment. Against this backdrop, M&S also faces the challenge of confronting a fierce domestic adversary, El Corte Ingles, to which it lost out during a previous attempt to enter Spain.
Published By Datamonitor
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15 Oct 2009 |
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CommentWire
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Merchant Retail has attributed its 27% pre-tax profit rise to the success of is Perfume Shop chain store. Disappointing results from its department stores means that the group is likely to concentrate on the cosmetics sister to The Perfume Shop that is currently being trialed as well as the further expansion of its Perfume Shop chain.<BR />
Published By Datamonitor
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05 Jun 2003 |
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CommentWire
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Germany's Metro Group had a bumper year in 2007, achieving annual sales growth of 10.0% to reach E65.9 billion. Organic sales growth, excluding the Wal-Mart and Geant acquisitions, came in at 7.1%. Following patterns of recent years, the retailer shows a polarized performance in its various markets, and, domestically, a shake up of the portfolio could be on the cards.
Published By Datamonitor
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10 Jan 2008 |
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Expert View
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Metro Group has hired JP Morgan to advise on the sale of its department store chain, but while a divestment makes good business sense, it is not necessarily a desirable proposition for apparent suitors, such as major deparment store player, Karstadt, or private equity companies. Current financial conditions, and questions regarding the suitability of the properties, will make the sale difficult.
Published By Datamonitor
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21 Apr 2008 |
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Expert View
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Just as it was announced that the German economy had emerged from the severest recession since the 1930s, the fate of Arcandor was sealed as it became one of the biggest insolvencies in the corporate history of the country. The Arcandor fallout will lead to job losses, which will add to the country's growing unemployment and, as this impacts consumer confidence, retailing is in for a tough time.
Published By Datamonitor
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20 Aug 2009 |
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Expert View
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While annual 2006 sales at Mosaic Fashions have increased by 5% to GBP853.3 million, the integration of Rubicon's Warehouse and Principles brands has not come without cost. However, its existence as a 'superbrand' group, with numerous heavyweight retail brands, allows Mosaic to reduce risk across its businesses. Nevertheless, this model carries other challenges that Mosaic must overcome.
Published By Datamonitor
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01 May 2007 |
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CommentWire
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New Look chief executive Phil Wrigley says there will now be a second phase of trials of New Look stores outside the UK. New Look already operates the 228-strong Mim chain in France, and the retailer is examining how the two chains could work alongside each other. This cautious expansion plan should generate further growth prospects in the future.
Published By Datamonitor
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18 Apr 2006 |
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CommentWire
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There is speculation in the French press that PPR wants to offload its department store division and concentrate on its luxury business, which includes Gucci and Yves Saint Laurent. However with the department store sector struggling across Europe, there are serious questions to be asked about who would wish to buy it.
Published By Datamonitor
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15 Jun 2006 |
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Expert View
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A new report by Verdict Research suggests that premium and luxury operators are the main driving force in the GBP14.7 billion UK department store sector. The sector returned to growth in 2006 following two years of decline, and has not only sustained this trend for the second consecutive year in 2007, but is likely to outperform in 2008.
Published By Datamonitor
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29 Feb 2008 |
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