Opinion on Retailing in Europe

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Type Product title / description Pub Price
CommentWire
CommentWire

Zavvi: turning down the music

Entertainment retailer Zavvi has given an update on its first year of trading following the management buy-out and re-branding in September 2007. The results represent a strong comeback in tough conditions, with like-for-like sales up 10% and annual losses cut by more than GBP10 million, despite an 18% slump in music sales.

Published By Datamonitor
17 Sep 2008
Expert View
Expert View

Zavvi: facing challenges ahead

In recent years, Virgin Megastores, or Zavvi as it is now known, has struggled to break even. While the retailer has worked hard to improve profitability, continued price deflation and rising fixed costs have made this extremely difficult to achieve. Furthermore, with the music market in decline, growing the top line has also proved to be a challenge for Zavvi.

Published By Datamonitor
07 Apr 2008
CommentWire
CommentWire

Yukos: Russia set to invade Europe

While there are many bidders for BP's surplus German oil businesses, Yukos is one of the frontrunners to purchase the 650 service stations and 45% share in a refinery. Yukos has earmarked $2 billion towards improving its position in western European refining and retailing. Alongside fellow Russian firm Lukoil, Yukos is definitely a company to watch.

Published By Datamonitor
25 Jun 2002
CommentWire
CommentWire

Wyevale: room to grow

Sir Tom Hunter and Baugur are leading a consortium to take over Wyevale Garden Centres in a deal that values the UK's largest garden retailer at GBP310 million. Despite a recent downturn in sales, the underlying prospects for the retailer are promising and the investment could drive further growth.

Published By Datamonitor
21 Apr 2006
CommentWire
CommentWire

Wrapit: wrapped up

Wrapit, the online wedding list company, has called in the administrators following the decision of its bank, HSBC, to withdraw its credit card processing facility. Despite angry allegations from the company's former directors, the bank claimed that it had no other options for a business that has made a loss for the past six years and has failed to attract a venture capitalist rescue bid.

Published By Datamonitor
07 Aug 2008
Expert View
Expert View

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

Woolworths: tricky times ahead as sales slide

The World Cup has led to many retailers suffering a blow as consumers stay indoors to watch matches as opposed to hitting the high street. However the football tournament also serves as a convenient excuse for retailers needing to explain weak trading figures.

Published By Datamonitor
16 Jun 2006
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Expert View

Woolworths: store revival remains elusive as profits collapse

With refreshing candor, chairman Gerald Corbett opened Woolworths results presentation by describing 2006/07 as "a poor year" characterized by "declining profits" and a "deteriorating financial position." Poor results from Woolworths are nothing new, but is the business just a victim of a changing retail market or is there more it could have done to avoid this indignity?

Published By Datamonitor
28 Mar 2007
CommentWire
CommentWire

Woolworths: still struggling

UK variety retailer Woolworths' 4.6% decline like-for-like sales decline over the Christmas trading period seems like a relative improvement against a 6.5% like-for-like nosedive in the 18 weeks to December 2. But on a more meaningful long-term comparative, there is little room for seasonal cheer, with this year's sales performance the worst since the company was demerged from Kingfisher in 2001.

Published By Datamonitor
17 Jan 2007
CommentWire
CommentWire

Woolworths: soldiering on

UK retailer Woolworths has announced a marginal fall in like-for-like sales in its retail division for the 38 weeks to October 27. While its retail business faces a tough future, its wholesale business has been going from strength to strength, posting growth of 61.9%, helped by a number of acquisitions.

Published By Datamonitor
01 Nov 2007

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