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Unformatted text preview: ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! UK Department Stores 2010 Published on August 2010 Report Summary Introduction UK Department Stores 2010: Department stores proved a resilient channel in 2009 outperforming total retail expenditure growth. This trend is set to continue in 2010, despite the challenging economic backdrop, with department stores having adapted to changing consumer needs. This report examines the key issues for the sector and profiles the major retailers including Marks & Spencer and Debenhams. Scope *Consumer expenditure via department stores 2000 - 2010e, growth and inflation/deflation trends, store numbers, space and sales density *Market shares 2005-2010e, sales, space, operating profits and margin, and sales densities of top ten retailers in the sector *Detailed profiles on the top 10 department store operators including key operating statistics, space allocation data and outlooks for each *Comprehensive analysis of the key issues set to impact the department store sector and strategies for success Highlights Though the economy remains tough, we predict the strongest rise in spending since 2001 for 2010 with expenditure rising £0.7bn to £15.3bn. Department stores have reacted quickly to changing customer needs addressing price architectures and store formats, as well as benefitting from space expansion. Department stores continue to appeal to customers due to their convenience of offering a huge variety of products under one roof. Over the past year ranges in both clothing and homewares have improved substantially, increasing their appeal. More structured price architectures have also enabled customers to trade up or down within stores. Clothing and footwear achieved the largest growth across all product sectors in department stores. Retailers have allocated more space to clothing and footwear as these sectors have been more robust throughout the economic downturn. Reasons to Purchase *Identify the key trends and issues for department stores to exploit opportunities and minimise risk *Comprehensive profiles provide essential information on business models and performance measures both crucial for benchmarking businesses *Understand key success drivers using Verdict's detailed insight on major department store players UK Department Stores 2010 (From Docstoc) Page 1/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! Table of Content EXECUTIVE SUMMARY 2 Key findings 2 Department store market to grow by £0.7bn in 2010 ... 2 ... or 5.0% which we expect to outperform total retail and non-food sales; 2 Inflation returns to the market after 12 years; 2 Clothing & footwear sector makes largest gains ... 2 ... while electricals suffers a 3.2% decline between 2004 and 2009; 2 John Lewis achieves highest market share growth; 2 M&S remains largest department store operator; 2 Debenhams sacrifices sales in favour of improving margins; 2 TJ Hughes benefits from value proposition; 2 Luxury retailers benefit from destination appeal and lucrative tourist market; 2 Young shoppers need to be targeted effectively to boost their footfall; 2 Own label ranges gain presence; 2 Expansion opportunities remain through new store formats; 2 Services turn stores into lifestyle destinations. 2 Main conclusions 3 Department store market to grow by 4.8% in 2010 3 ... outperforming total and non-food sales 3 Inflation makes a comeback 3 Clothing & footwear sector achieves largest growth ... 3 ... while electricals sales suffer 3 John Lewis makes significant market share gains 4 Marks & Spencer remains the number one department store operator 4 Debenhams loses share as it focuses on own label ranges 4 TJ Hughes reaps benefits from consumers trading down 4 Luxury retailers benefit from aspirational appeal 4 Only 8.8% of department store shoppers are 16-24 year olds 5 A greater focus on private label ranges improves differentiation 5 New store formats provide growth opportunities 5 Instore services are crucial in making a department store a lifestyle destination 5 Table of Contents 6 Table of figures 7 Table of tables 8 MARKET ANALYSIS 9 Market definition and methodology 9 Department store market spending trends 10 Department stores going strong in 2010 10 Perform well under difficult conditions in 2009 11 We expect stronger growth in 2010 - helped by inflation 11 Fallout of independents 11 Tourism boosts sales in London 12 UK Department Stores 2010 (From Docstoc) Page 2/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! John Lewis to star in 2010 12 Marks & Spencer outperforms market 12 2010 a stronger year for M&S 13 Department stores outperform total retail in 2009 and 2010 14 Inflation for the first time since 1998 15 Electricals suffers biggest decline 16 Clothing & footwear becomes increasingly important for department stores 17 Weak housing market impacts on homewares 17 Health & beauty performs relatively better 17 Furniture & floorcoverings has benefited from fallouts in the market 18 Electricals struggles 18 Space boost in 2009 19 Many department stores have continued to expand 19 High drop out rate from independents in 2010 19 Average store size shrinks over 10 years 20 Department stores perform well against non-food and total retail 21 COMPANY DATA ANALYSIS 23 Department store market shares 23 Top 10 department stores market share 23 Winners and losers 25 Key operating statistics 30 Marks & Spencer achieves highest operating margin 30 Sales growth 31 Harrods and TJ Hughes report largest sales increase 31 Operating margins 33 Tight cost control helps to improve margins 33 Space growth 35 Fenwick's store acquisition gives it the strongest space growth in 2009 35 Sales densities 37 Just four retailers improve their densities 37 Space allocation 38 Across all retailers, womenswear has the most allocated space 38 OUTLOOK 41 Issues 41 Younger shoppers 41 Key opportunity 41 Broad variety of needs 41 Price factor 42 Living at home for longer 43 But unemployment overshadows 44 Department stores' young shopper strategy 45 Health & beauty drives young footfall 45 Creating loyalty 46 Store segmentation 46 Older shoppers 47 How important are older customers' 47 New generation of older shoppers 48 Attitude of disposal 48 UK Department Stores 2010 (From Docstoc) Page 3/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! Women work for longer 48 Increasing concern around looking younger for longer 49 Older shoppers become more open to new technology 49 The older man 49 Opening new formats 50 Avenue for growth 50 New formats introduced as traditional format expansion becomes difficult 52 Reach smaller customer bases that do not warrant full size stores 52 Targeting younger customers more effectively 52 More cautious approach in weak economy 53 Services & facilities in department stores 54 Creating a lifestyle brand encourages footfall 54 Health & beauty treatments encourage impulse spend 54 Cafés and restaurants can act as footfall drivers 55 Personal shopping increases in popularity 56 Own label focus 57 More department stores focus on own label offers 57 International presence 60 Scope for international expansion 60 Franchises low risk when expanding overseas 61 Acquisitions provide growth opportunities 61 Concessions increase international awareness 61 International delivery will test potential of new markets 61 Tourism 62 Tourists essential target 62 Volatile market provides incremental sales 62 Maintain service to locals at peak times 62 React to visitor patterns 62 Olympics 63 Satisfy visitors desires 63 Burka ban in France could benefit UK department stores 63 Chinese tourists most lucrative 63 Visa relaxation would attract more visitors 63 Online capabilities 64 Further developments needed to maximise potential of online channel 64 Click & Collect benefits smaller stores 66 Service vital, especially in final mile 67 Social media and m-commerce 67 Summary and strategies for success 68 Further development prospects to take advantage of 68 Younger shoppers pose a big opportunity for department stores 68 Older consumers' shopping habits have evolved 68 New formats provide alternative expansion path 68 Incremental spend comes from instore services 68 Focus on own label 68 Grow brand presence through international development 69 Tourism lucrative 69 Online operations must develop further 69 UK Department Stores 2010 (From Docstoc) Page 4/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! BEALES 70 Expansion key to growth and profit 70 Recent key events 71 Expands space and customer base 71 Expansion of store portfolio 71 Targets a younger customer ... 71 ... particularly men 71 Perloff takes stake to just short of takeover trigger 71 Enticement through advertising 71 Proposition 72 Financials 73 Growth remains a struggle 73 Operating profit remains negative for third consecutive year 76 Space 77 Expansion on agenda 77 Fails to tackle densities decline 81 Space allocation 82 Market share 86 Outlook 87 Opportunities for growth but profit levels are a worry 87 Localisation and unique brands create points of differentiation 87 Expansion key to profit 87 Targets younger customers 87 Online needs more investment 87 Opportunities for portfolio expansion 87 DEBENHAMS 88 Focuses on profitability more than sales growth 88 Recent key events 89 Debt reduction clears way for investment in store estate 89 Reduction of debt 89 Restarts store refurbishments 89 Introduces new younger menswear brand 89 Revamps Designers' storefits 90 Online offer continues to develop 90 New international and online opportunities for standalone brands 90 Buys Danish store chain 90 Moves towards more own bought 90 Proposition 92 Financials 93 Profits grow despite sluggish sales 93 Online speeds ahead after relaunch 95 Margin begins a recovery 97 Space 98 Presses on with expansion programme 98 Densities continue to decline 99 Space allocation 101 Market share 106 Outlook 107 UK Department Stores 2010 (From Docstoc) Page 5/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! Own brand strategy produces a distinctive proposition 107 Store expansion still offers growth potential 107 International comes to the fore 107 Needs more innovative design in homewares 107 Focus on own label is a good move 107 FENWICK 108 Sticks to what it knows best 108 Recent key events 109 Rolls out refurbishment 109 Bond Street store gets a new look 109 Refits boosted sales in 2009/10 110 Fenwick spends less on advertising in 2009 110 Proposition 111 Financials 112 New store helps sales growth improve in 2009 112 Sales rise but increasing costs impact profits 115 Space 116 Space grows due to revamped central London store 116 Refurbishment works cause selling space to lose productivity 117 Space allocation 118 Market share 122 Outlook 123 Opportunities remain to improve performance 123 A challenge to improve operating margins 123 Regional buying suits today's retail environment ... 123 ... but it could benefit from more collaboration 123 Online remains an opportunity, though increasing competition makes it a difficult market 123 HARRODS 124 New owners plan for growth 124 Recent key events 125 Harrods brand continues to develop 125 Fayed sells up 125 New owner considers international expansion 125 Own label boutiques prepare to launch 125 Way In young fashion department gets a revamp 125 Online channel continues to grow 126 Proposition 127 Financials 129 Sales continue to rise, though growth slows in 2008/09 129 Investment doesn't hinder profitability 131 Space 133 Existing space works harder 133 Sales densities continue to climb 133 Space allocation 135 Market share 139 Outlook 140 Growth potential for new owners 140 International expansion comes with a warning 140 UK Department Stores 2010 (From Docstoc) Page 6/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! Own label potential 140 Own label potential 140 Online provides further opportunities 140 Overseas visitors likely to increase 141 Loyalty card scheme vital source of information 141 Refreshing store is crucial 141 HARVEY NICHOLS 142 Focus on profitability more than sales growth 142 Recent key events 144 Focuses in on fashion 144 Own label range 144 Expands online 144 Food and drink services 144 Unique advertising 144 Harvey Nichols and Lula magazine tie up 144 Targeting a younger customer 145 Proposition 147 Financials 148 Profits grow despite sluggish sales 148 Margin begins a recovery 151 Space 152 Presses on with expansion programme 152 Fails to tackle densities decline 154 Space allocation 155 Market share 159 Outlook 160 Key opportunities to take advantage of 160 Own brand provides margin opportunity but faces challenges 160 International opportunities remain 160 Room for improvement online 160 Move towards premium 160 International customers will play a vital role 161 HOUSE OF FRASER 162 Gradual improvements see sales and profits start to pick up 162 Recent key events 164 Continues to find new ways of expanding sales and growing profit 164 Online developments press forward 164 International expansion 164 Positive Christmas performance 164 Expanding brand portfolio with well known labels 164 Pied a Terre brand name licensed from Dune 164 Revives Dickins & Jones name with new womenswear range 165 Proposition 166 Financials 168 Sales pick up after a poor 2007 and 2008 168 Expanding own label brands sees sales ex concessions pick up 171 Space 172 New stores put on hold 172 UK Department Stores 2010 (From Docstoc) Page 7/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! Sales densities fail to pick up 173 Space allocation 174 Market share 179 Outlook 180 Heading in the right direction 180 Online offers further opportunities 180 Store refurbishments modernise retail brand image 180 Own label brands need refining 180 John Lewis is an increasing threat 180 JOHN LEWIS 182 Remains strong despite gloomy economy 182 Recent key events 184 Finding ways to drive sales 184 At Home ... 184 ... target 30-50 184 Moves into younger market 184 Driving tourist footfall 184 A new advertising campaign 184 New operations director 185 New Buying and Brand Director 185 JLP merges Direct offer with rest of the business 185 Targets online fashion development 185 New department stores 185 Value homewares range 185 Exploit synergies with Waitrose 186 Proposition 187 Financials 188 New stores have lifted sales 188 Provides greater choice at both ends of spectrum 190 Space 193 The new Cardiff and Poole stores strengthen John Lewis' estate 193 Sales density declines for a second year 195 Space allocation 196 Market share 200 Outlook 201 Well prepared for recovery 201 Online investment to extend market penetration 201 Good start to low cost At Home format 201 Encouraging home revival in 2010/11 201 Shifting younger with its customers 201 MARKS & SPENCER 202 Stronger sub brands would attract more under 45s 202 Recent key events 203 New chief executive to give momentum 203 Changes at the top 203 More experience in food than clothing 203 M&S Direct heads for full multichannel operation 203 YouTube and m-commerce 203 UK Department Stores 2010 (From Docstoc) Page 8/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! Aims to be world's most sustainable retailer by 2015 204 Project 2020 aims to improve supply chain 204 Cashes in on World Cup 204 M&S keeps up marketing momentum with new faces 204 Strategy to improve operations and grow market share 204 Proposition 205 Financials 206 Sales performance improves but margins down 206 Start of 2010/11 shows improvement 210 Online on track for half billion target 211 Space 212 Steady rise in floorspace 212 Sales densities under pressure 214 Space allocation 215 Market share 219 Outlook 220 New CEO needs to ponder 220 Its direction is unclear 220 Cost pressure worries for 2010/11 220 Reconfiguring the store portfolio offers growth opportunities in the UK 220 E-commerce stretches availability 220 Needs to work on appeal to under 45s 221 Grocers pose an increasing threat 221 International business can provide scale economies 221 SELFRIDGES 222 Performs well throughout downturn 222 Recent key events 224 Gains online presence and refreshes stores 224 New 35,000sq ft footwear department 224 Further updates planned for flagship 224 New Aubaine restaurant due to open 224 £20m facelift for Manchester Exchange store 224 Named 'best department store in the world' at the global department store summit 224 Pop-up shops continue to open 225 Launches transactional website 225 Proposition 227 Financials 228 Sales continue to rise 228 Sales and profits continue to rise 231 Space 232 Refreshing stores boosts densities 232 Densities climb as space works harder 233 Space allocation 234 Market share 238 Outlook 239 New initiatives to drive growth 239 Offering a shopping experience will be more important than ever 239 Investing in and refreshing stores is vital 239 UK Department Stores 2010 (From Docstoc) Page 9/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! Buying needs to stay ahead of the game 239 Online a learning curve for the business 239 TJ HUGHES 240 Focus on profitability more than sales growth 240 Recent key events 241 Woolworths demise is TJ Hughes' gain 241 Aggressive expansion 241 No longer for sale 241 Enhancing the tools for decision making 241 Advertising spend 241 Proposition 242 Financials 243 Profits grow despite sluggish sales 243 Margin begins a recovery 246 Space 247 Presses on with expansion programme 247 Space productivity improves 249 Space allocation 250 Market share 254 Outlook 255 Over expansion a big risk 255 Downturn delivers bigger footfall for TJ Hughes 255 Value market is increasingly competitive 255 Branded product doesn't allow for exclusivity 255 Online offer remains weak 255 Low margins don't give much room for manoeuvre 255 APPENDIX 257 Definitions 257 Department store definition 257 Financial Statistics - VAT 257 Profiles 257 Physical Development 257 Abbreviations 258 Methodology 258 Market Sizing 258 Market Share 259 How we calculate sales densities 259 Inflation/deflation & volume 259 Further reading 259 Ask the analyst 259 Verdict consulting 259 Disclaimer 259 List of Tables Table 1: Department store market definition and methodology 2010 9 Table 2: Department store sales (including M&S) 2000-2010e 10 Table 3: Department store sales (excluding M&S) 2000-2010e 11 Table 4: Department store product mix 2004 and 2009 16 Table 5: Department store share of overall sector sales 2004 and 2009 17 UK Department Stores 2010 (From Docstoc) Page 10/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! Table 6: Department stores, space and sales density 2000-2010e 19 Table 7: Department store retailers market shares 2005-2010e 23 Table 8: Department store retailers key UK operating statistics 2009/10 30 Table 9: Department store space allocation 2009 38 Table 10: Department stores' young shopper strategies 2010 45 Table 11: Additional formats 2010 51 Table 12: Own label brands by retailer 2010 57 Table 13: Department store current international presence 2010 60 Table 14: Beales company overview 2010 70 Table 15: Beales retail proposition 2010 72 Table 16: Beales UK key operating statistics 2005-2010e 73 Table 17: Beales UK trading record 2000-2010e 76 Table 18: Beales UK store portfolio 2000-2010e 77 Table 19: Beales store locations 2010 78 Table 20: Beales space allocation 2009 85 Table 21: Debenhams company overview 2010 88 Table 22: Debenhams retail proposition 2010 92 Table 23: Debenhams UK key operating statistics 2005-2010e 93 Table 24: Debenhams trading record 2000-2010e 97 Table 25: Debenhams UK store portfolio 2000-2010e 98 Table 26: Debenhams space allocation 2009 104 Table 27: Fenwick company overview 2010 108 Table 28: Fenwick retail proposition 2010 111 Table 29: Fenwick UK key operating statistics 2005-2010e 112 Table 30: Fenwick UK trading record 2000-2010e 115 Table 31: Fenwick UK store portfolio 2000-2010e 116 Table 33: Harrods company overview 2010 124 Table 34: Harrods retail proposition 2010 127 Table 35: Harrods UK key operating statistics 2005-2010e 129 Table 36: Harrods UK trading record 2000-2010e 132 Table 37: Harrods UK store portfolio 2000-2010e 133 Table 38: Harrods space allocation 2009 138 Table 39: Harvey Nichols company overview 2010 142 Table 40: Harvey Nichols retail proposition 2010 147 Table 41: Harvey Nichols UK key operating statistics 2005-2010e 148 Table 42: Harvey Nichols UK trading record 2000-2010e 151 Table 43: Harvey Nichols UK store portfolio 2000-2010e 152 Table 44: Harvey Nichols store locations March 2010 153 Table 45: Harvey Nichols space allocation 2009 158 Table 46: House of Fraser company overview 2010 162 Table 47: House of Fraser retail proposition 2010 166 Table 48: House of Fraser UK key operating statistics 2005-2010e 168 Table 49: House of Fraser UK trading record 2000-2010 171 Table 50: House of Fraser UK store portfolio 2000-2010e 172 Table 51: House of Fraser space allocation 2009 177 Table 52: John Lewis company overview 2010 182 Table 53: John Lewis retail proposition 2010 187 Table 54: John Lewis UK key operating statistics 2005-2010 188 UK Department Stores 2010 (From Docstoc) Page 11/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! Table 55: John Lewis UK trading record 2000-2010e 191 Table 56: John Lewis UK sales growth - 22 weeks to July 3, 2010 191 Table 57: John Lewis UK store portfolio 2000-2010e 193 Table 58: John Lewis UK store openings 2010 194 Table 59: John Lewis space allocation 2009 199 Table 60: Marks & Spencer company overview 2010 202 Table 61: Marks & Spencer retail proposition 2010 205 Table 62: Marks & Spencer UK key operating statistics 2005-2010 206 Table 63: Marks & Spencer UK trading record 2000-2010 209 Table 64: Marks & Spencer store portfolio 2000-2010e 212 Table 65: Marks & Spencer store breakdown by type at March 2009 and 2010 213 Table 66: Marks & Spencer space allocation 2009 218 Table 67: Selfridges company overview 2010 222 Table 68: Selfridges retail proposition 2010 227 Table 69: Selfridges UK key operating statistics 2005-2010e 228 Table 70: Selfridges UK trading record 2000-2010e 231 Table 71: Selfridges UK store portfolio 2000-2010e 232 Table 72: Selfridges space allocation 2009 237 Table 73: TJ Hughes company overview 2010 240 Table 74: TJ Hughes retail proposition 2010 242 Table 75: TJ Hughes UK key operating statistics 2005-2010e 243 Table 76: TJ Hughes UK trading record 2000-2010e 246 Table 77: TJ Hughes UK store portfolio 2000-2010e 247 Table 78: TJ Hughes store openings 2009/10 and 2010/11 247 Table 79: TJ Hughes space allocation 2009 253 List of Figures Figure 1: Department store sales change % incl and excl M&S 2005-2010e 13 Figure 2: Department store sales change % vs total retail and non-food retail 2005-2010e 14 Figure 3: Department store deflation trend (including M&S) 2000-2010e 15 Figure 4: Dept store market shares (incl M&S) of retail and non-food sales 2005-2010e 21 Figure 5: Dept store market shares (excl M&S) of retail and non-food sales 2005-2010e 22 Figure 6: Department store market shares 2005 and 2010e 24 Figure 7: Department store winners and losers 2010e on 2005 26 Figure 8: Department store winners and losers 2010e on 2009 28 Figure 9: Department store GTV sales growth 2008/09 on 2007/08 32 Figure 10: UK operating margins 2003/04 and 2008/09 34 Figure 11: Department store space growth 2008/09 on 2007/08 35 Figure 12: Department store sales densities 2007/08 and 2008/09 37 Figure 13: Key issues 2010 41 Figure 14: Typical 16-17 year old shopper 2010 42 Figure 15: Typical 19-21 year old shopper 2010 43 Figure 16: Typical 22-24 year old shopper 2010 44 Figure 17: Debenhams Beauty Club reward card 2010 46 Figure 18: Importance of older shoppers 2010 47 Figure 19: The 55+ shopper in 2010 48 Figure 20: Strategies to raise sales to older shoppers 2010 49 Figure 21: John Lewis at Home and Desire by Debenhams formats 2010 52 Figure 22: Urban Retreat at Harrods 2010 54 UK Department Stores 2010 (From Docstoc) Page 12/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! Figure 23: Restaurant and Champagne bar at Harvey Nichols 2010 55 Figure 24: Personal shopping suites at Harvey Nichols and Selfridges 2010 56 Figure 25: Own label 2010 59 Figure 26: Department stores online features July 2010 65 Figure 27: Number of online functions offered by department stores 2010 66 Figure 28: Beales UK Sales and growth to October 2005-2010e 74 Figure 29: Beales group operating profit to October 2004-2009 75 Figure 30: Beales fascias ' Beales 2010 79 Figure 31: Beales fascias ' Broadbents & Boothroyds 2010 79 Figure 32: Beales fascias ' Denners 2010 79 Figure 33: Beales fascias ' Robbs 2010 80 Figure 34: Beales fascias ' Whitakers 2010 80 Figure 35: Beales UK sales density to October 2005-2010e 81 Figure 36: Beales fashion/home space split 2005-2009 82 Figure 37: Beales fashion space breakdown 2005-2009 83 Figure 38: Beales home space breakdown 2005-2009 84 Figure 39: Beales department stores market share 2005-2010e 86 Figure 40: New Jeff Banks shopfit in Debenhams stores 2010 90 Figure 41: Debenhams UK sales and growth to August 2005-2010e 94 Figure 42: Debenhams online sales to August 2007-2010e 95 Figure 43: Debenhams group operating profit to August 2004-2009 96 Figure 44: Debenhams UK sales density to August 2005-2010e 99 Figure 45: Debenhams fashion/home space split 2005-2009 101 Figure 46: Debenhams fashion space breakdown 2005-2009 102 Figure 47: Debenhams home space breakdown 2005-2009 103 Figure 48: Debenhams department stores market share 2005-2010e 106 Figure 49: Fenwick Bond Street, London, store post-refurbishment July 2010 109 Figure 50: Fenwick London west end store post-refurbishment July 2010 110 Figure 51: Fenwick UK sales and growth to January 2005-2010e 113 Figure 52: Fenwick group operating profit to January 2004-2009 114 Figure 53: Fenwick UK sales density to January 2005-2010e 117 Figure 54: Fenwick fashion/home split 2005-2009 118 Figure 55: Fenwick fashion space breakdown 2005-2009 119 Figure 56: Fenwick home space breakdown 2005-2009 120 Table 32: Fenwick space allocation 2009 121 Figure 57: Fenwick department stores market share 2005-2010e 122 Figure 58: Harrods UK sales and growth to January 2005-2010e 130 Figure 59: Harrods group operating profit to January 2004-2009 131 Figure 60: Harrods UK sales density to January 2005-2010e 134 Figure 61: Harrods fashion/home space split 2005-2009 135 Figure 62: Harrods fashion space breakdown 2005-2009 136 Figure 63: Harrods home space breakdown 2005-2009 137 Figure 64: Harrods department stores market share 2005-2010e 139 Figure 65: Harvey Nichols contemporary fashion and lifestyle floor Knightsbridge 2010 145 Figure 66: Harvey Nichols contemporary fashion and lifestyle floor Knightsbridge 2010 146 Figure 67: Harvey Nichols UK sales and growth to March 2005-2010e 149 Figure 68: Harvey Nichols operating profit to March 2005-2010 150 Figure 69: Harvey Nichols UK sales density to March 2005-2010e 154 UK Department Stores 2010 (From Docstoc) Page 13/16 ReportLinker Find Industry reports, Company profiles and Market Statistics >> Get this Report Now by email! Figure 70: Harvey Nichols fashion/home space split 2005-2009 155 Figure 71: Harvey Nichols fashion space breakdown 2005-2009 156 Figure 72: Harvey Nichols home space breakdown 2005-2009 157 Figure 73: Harvey Nichols department stores market share 2005-2010 159 Figure 74: House of Fraser gross transactional value and growth to January 2005-2010e 169 Figure 75: House of Fraser group operating profit to January 2004-2009 170 Figure 76: House of Fraser UK sales density to January 2005-2010e 173 Figure 77: House of Fraser fashion/home space split 2005-2009 174 Figure 78: House of Fraser fashion space breakdown 2005-2009 175 Figure 79: House of Fraser home space breakdown 2005-2009 176 Figure 80: House of Fraser department stores market shares 2005-2010e 179 Figure 81: John Lewis UK sales and growth to January 2005-2010 189 Figure 82: John Lewis group operating profit to January 2005-2010 190 Figure 83: John Lewis UK sales density to January 2005-2010 195 Figure 84: John Lewis fashion/home space split 2005-2009 196 Figure 85: John Lewis fashion space breakdown 2005-2009 197 Figure 86: John Lewis home space breakdown 2005-2009 198 Figure 87: John Lewis department stores market share 2005-2010e 200 Figure 88: Marks & Spencer UK sales and growth to March 2005-2010 207 Figure 89: Marks & Spencer UK operating profit to March 2005-2010 208 Figure 90: Y-o-Y change % in M&S quarterly divisional sales in UK Q1 2009/10-Q1 2010/11 210 Figure 91: Marks & Spencer online sales to March 2008-2011e 211 Figure 92: Marks & Spencer sales density to March 2005-2010e 214 Figure 93: Marks & Spencer fashion/food/home space split 2005-2009 215 Figure 94: Marks & Spencer fashion space breakdown 2005-2009 216 Figure 95: Marks & Spencer home space breakdown 2005-2009 217 Figure 96: Marks & Spencer department stores market share 2005-2010e 219 Figure 97: The Forever Shop, Selfridges, London, July 2010 225 Figure 98: Selfridges UK sales and growth to January 2005-2010 229 Figure 99: Selfridges group operating profit to January 2005-2010 230 Figure 100: Selfridges UK sales density to January 2005-2010e 233 Figure 101: Selfridges fashion/home space split 2005-2009 234 Figure 102: Selfridges fashion space breakdown 2005-2009 235 Figure 103: Selfridges home space breakdown 2005-2009 236 Figure 104: Selfridges department stores market share 2005-2010e 238 Figure 105: TJ Hughes UK Sales and growth to January 2005-2010e 244 Figure 106: TJ Hughes group operating profit to August 2004-2009 245 Figure 107: TJ Hughes UK sales density to January 2005-2010e 249 Figure 108: TJ Hughes fashion/home space split 2005-2009 250 Figure 109: TJ Hughes fashion space breakdown 2005-2009 251 Figure 110: TJ Hughes home space breakdown 2005-2009 252 Figure 111: TJ Hughes department stores market share 2005-2010e 254 UK Department Stores 2010 (From Docstoc) Page 14/16 Find Industry reports, Company profiles and Market Statistics ReportLinker >> Get this Report Now by email! 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This note was uploaded on 11/05/2011 for the course ACCOUNTING 101 taught by Professor Online during the Spring '11 term at Colorado Technical University.

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