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Expert View
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German retail group Metro's 2006 results show strong growth in its cash & carry, the group's main business operation, and electricals division, with Media Markt and Saturn continuing to expand in the European electricals market. However, its record performance could have been even more impressive, had it not been dragged down by weak results at Real, where more work needs to be done.
Published By Datamonitor
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21 Mar 2007 |
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CommentWire
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Malcolm Walker and his team are poised to collect GBP60 million in a GBP300 million recapitalization of the revived Iceland food chain. Returning to the helm, Mr Walker has been instrumental in the much improved trading performance at Iceland in 2006.
Published By Datamonitor
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10 Apr 2007 |
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As Aldi has the hegemony over prices in German retail, its move to pass on price increases reflecting rising raw material costs in food signals a change of paradigm, with all other retailers expected to follow. Meanwhile, electricals retailer Saturn has dropped its 'stinginess is cool' slogan that came to define the Zeitgeist of German consumers over the last decade.
Published By Datamonitor
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31 May 2007 |
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The discount retailer has outlined ambitious plans, which include the potential for up to 1,500 stores, in a bid to mount a greater challenge to the dominance of the Big Four. Although its enlarged store estate will help it grab a bigger share of the UK grocery market, stealing customers from the likes of Tesco and Asda will be an arduous task.
Published By Datamonitor
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12 Jul 2007 |
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After the disposal of Plus' Spanish operations to Carrefour, the core German business is reportedly also up for sale. Edeka and Rewe, the two powerhouses of German retailing, have expressed an interest in the retailer. Through the acquisition, Edeka could strengthen its neglected Netto chain, while Rewe would massively increase buying power and store portfolio of its underperforming Penny format.
Published By Datamonitor
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14 Sep 2007 |
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Discount books specialist The Works has been forced into administration after its banker HSBC pulled the plug on the 317 store business. However, this should come as no surprise; competing with retailers that offered a broader choice of titles and more convenient locations in a slow growth market, The Works's survival has looked precarious for some time.
Published By Datamonitor
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04 Feb 2008 |
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The "Simply Irresistible" range will help Netto to re-position itself from discounter to low-cost supermarket. However, Netto could struggle to gain a significant proportion of consumer spend on premium groceries and entice custom away from supermarkets, which have a strong quality and value offer.
Published By Datamonitor
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29 Feb 2008 |
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Tchibo's sales have continued to contract, profits are down, and the management have continued to blame the discounters. Furthermore, with more and more store closures, and one failing initiative after another, the outlook for this beleaguered retailer is bleak.
Published By Datamonitor
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25 Apr 2008 |
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CommentWire
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Aldi's ambitious five-year expansion plan could help it to achieve its long-term goal of 1,500 UK stores, as with a current store portfolio of just under 400 stores, its progress in the UK has been relatively unspectacular. Although major changes to the proposition have boosted sales and shopper numbers, it remains to be seen whether Aldi can become a significant player in the UK grocery market.
Published By Datamonitor
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30 Jun 2008 |
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The outlook for the economy is bleak. Real incomes are falling, the housing market is deteriorating and unemployment is rising. As the brakes are applied to consumer spending - a major contributor of economic growth - the economy is facing a period of weak activity, with the retail sector set to suffer more than most.
Published By Datamonitor
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02 Oct 2008 |
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