英国のデパートにおける動向：2008

Abstract

Overview

Introduction

Verdict Research: Following contraction and some high profile exits the UK department store sector has recovered strongly since 2005. UK Department Stores 2008 highlights the factors driving growth and profiles the leading operators as well as providing key performance and market data including market shares.

Scope

• Market size and growth rates at current and constant prices for 1998-2008e, including and excluding M&S.
• Inflation and deflation trends in the market, product shares and space growth and performance measures.
• Market shares of all the leading operators over the past five years, plus key operating statistics, trading records and store portfolio analysis.
• Extensive profiles on Beales, Debenhams, Fenwick, Harrods, Harvey Nichols, House of Fraser, John Lewis, M&S, Selfridges and TJ Hughes.

Highlights

The £14.7bn department store sector enjoyed its second consecutive year of growth in 2007 following two years of decline. The resurgence of M&S in 2006 was a key factor in this revival, but in 2007 it was the premium/luxury retailers that were the main drivers of growth.

The three largest premium operators have outperformed the rest of the market consistently over the past six years - indeed in 2007 they collectively produced growth of 11.3% compared with overall market growth of 3.5%.

The addition of 1.9m sq ft of new department store space in 2008 will ensure further growth in the market, despite macroeconomic conditions.

Reasons to Purchase

• Understand the key drivers, market dynamics and challenges for the department sector in 2008 and in proceeding years.
• Benchmark the performance of different operators across a range of key measures.
• Develop strategy using this authoritative, comprehensive and insightful analysis of the sector.

Table of Contents

• EXECUTIVE SUMMARY
  • Key Findings
  • Main Conclusions
• CHAPTER 1 MARKET ANALYSIS
  • Market Definition & Sales Trends
  • Sales & Inflation Trends
  • Key Product Shares
  • Space and Sales Densities
  • Share of Non-food Sales
• CHAPTER 2 COMPANY DATA ANALYSIS
  • Market Shares
  • Sales & Space Growth
  • Sales & Operating Profit Densities
  • Key Operating Statistics
  • Space Allocation
  • Advertising Media Expenditure
• CHAPTER 3 OUTLOOK
  • Department Stores Key Issues and Responses
  • Premium Sector: Key Catalyst For Market Growth
  • Improving Customer Experience
  • Own Brand Development
  • Unique Brands Offer Competitive Advantage
  • Strategies Sought to Drive Footfall.
  • New Space Drives Sales Momentum
  • Macroeconomic Challenges
  • International Opportunities
• CHAPTER 4 BEALES
  • Company Overview
  • Market Share
  • Trading Record
    • Year to October 2007
    • Current Trading
  • Store Portfolio
  • Retail Proposition
  • Space Allocation
  • Management, Marketing & Operations
    • Outlook
• CHAPTER 5 DEBENHAMS
  • Company Overview
  • Market Share
  • Trading Record
    • Year to August 2007
    • Current Trading
  • Store Portfolio
  • Retail Proposition
  • Space Allocation
  • Management, Marketing & Operations
  • Outlook
• CHAPTER 6 FENWICK
  • Company Overview
  • Market Share
  • Trading Record
    • Year to January 2007
    • Year to January 2008
  • Store Portfolio
  • Retail Proposition
  • Space Allocation
  • Management, Marketing & Operations
  • Outlook
• CHAPTER 7 HARRODS
  • Company Overview
  • Market Share
  • Trading Record
    • Year to January 2007
    • Year to January 2008
    • Current Trading
  • Store Portfolio
  • Retail Proposition
  • Space Allocation
  • Management, Marketing & Operations
  • Outlook
• CHAPTER 8 HARVEY NICHOLS
  • Company Overview
  • Market Share
  • Trading Record
    • Year to March 2007
    • Year to March 2008
  • Store Portfolio
  • Retail Proposition
  • Space Allocation
  • Management, Marketing & Operations
  • Outlook
• CHAPTER 9 HOUSE OF FRASER
  • Company Overview
  • Market Shares
  • Trading Record
    • Year to January 2007
    • Year to January 2008
    • Christmas Trading
  • Store Portfolio
  • Retail Proposition
  • Space Allocation
  • Management, Marketing & Operations
  • Outlook
• CHAPTER 10 JOHN LEWIS
  • Company Overview
  • Market Share
  • Trading Record
    • Year to January 2007
    • Year to January 2008e
  • Store Portfolio
  • Retail Proposition
  • Space Allocation
  • Management, Marketing & Operations
    • Outlook
• CHAPTER 11 MARKS & SPENCER
  • Company Overview
  • Market Share
  • Trading Record
    • Year to March 2007
    • Current Trading
  • Store Portfolio
  • Retail Proposition
  • Space Allocation
  • Management
  • Marketing & Operations
  • Outlook
• CHAPTER 12 SELFRIDGES
  • Company Overview
  • Market Share
  • Trading Record
    • Year to January 2007
    • Year to January 2008
  • Store Portfolio
  • Retail Proposition
  • Space Allocation
  • Marketing & Operations
  • Outlook
• CHAPTER 13 TJ HUGHES
  • Company Overview
  • Market Share
  • Trading Record
    • Year to January 2007
    • Year to January 2008e
  • Store Portfolio
  • Retail Proposition
  • Space Allocation
  • Management, Marketing & Operations
  • Outlook
• CHAPTER 14 GLOSSARY
  • `Market Definition
  • Financial Statistics - VAT
    • Trading Profile
    • Key Operating Ratios
    • Physical Development
    • Abbreviations
  • List of Tables
    • Table 1: Department store sales 1998-2008e
    • Table 2: Department store sales (ex M&S) 1998-2008e
    • Table 3: Department stores sales breakdown by product (excl M&S food sales) 2002 and 2007e
    • Table 4: Department store key products share of each sector 2002 & 2007e
    • Table 5: Department store space and sales densities 1998-2008e
    • Table 6: Department store retailers market shares 2002-2007e
    • Table 7: Department stores key operating statistics 2006/07
    • Table 8: Department stores (A-H) space allocation 2007
    • Table 9: Department stores (H-R) space allocation 2007
    • Table 10: Department stores (S-Z & Av) space allocation 2007
    • Table 11: Department store retailers advertising spend 2001-2006
    • Table 12: Department store ad spend as a % of sales 2001-2006
    • Table 13: Department store retailers advertising spend breakdown 2006
    • Table 14: Department store retailers advertising spend as % of total 2006
    • Table 15: Department store like-for-like sales Christmas 2007
    • Table 16: Department stores international operations 2008
    • Table 17: Beales company overview 2008
    • Table 18: Beales key operating statistics 2002-2007
    • Table 19: Beales trading record 1997-2007e
    • Table 20: Beales store portfolio 1997-2007
    • Table 21: Beales store locations January 2008
    • Table 22: Beales retail proposition 2008
    • Table 23: Beales space allocation 2007
    • Table 24: Debenhams company overview 2008
    • Table 25: Debenhams key operating statistics 2002-2007
    • Table 26: Debenhams trading record 1997-2007
    • Table 27: Debenhams UK store portfolio 1997-2007
    • Table 28: Department store pipeline 2008-2011
    • Table 29: Debenhams retail proposition 2008
    • Table 30: Debenhams space allocation 2007
    • Table 31: Fenwick company overview 2008
    • Table 32: Fenwick key operating statistics 2003-2008
    • Table 33: Fenwick trading record 1997-2008e
    • Table 34: Fenwick store portfolio 1997-2008e
    • Table 35: Fenwick store locations January 2008
    • Table 36: Fenwick retail proposition 2008
    • Table 37: Fenwick space allocation 2007
    • Table 38: Harrods company overview 2008
    • Table 39: Harrods key operating statistics 2003-2008e
    • Table 40: Harrods trading record 1998-2008e
    • Table 41: Harrods store portfolio 1998-2008e
    • Table 42: Harrods retail proposition 2008
    • Table 43: Harrods space allocation 2007
    • Table 44: Harvey Nichols company overview 2008
    • Table 45: Harvey Nichols key operating statistics 2003-2008e
    • Table 46: Harvey Nichols UK department stores trading record 1997-2008e
    • Table 47: Harvey Nichols UK store portfolio 1997-2008e
    • Table 48: Harvey Nichols UK & Ireland store locations January 2008
    • Table 49: Harvey Nichols retail proposition 2008
    • Table 50: Harvey Nichols space allocation 2007
    • Table 51: House of Fraser company overview 2008
    • Table 52: House of Fraser key operating statistics 2003-2008e
    • Table 53: House of Fraser trading record 1998-2008e
    • Table 54: House of Fraser store portfolio 1997-2008e
    • Table 55: House of Fraser confirmed opening plans to 2010
    • Table 56: House of Fraser retail proposition 2008
    • Table 57: House of Fraser space allocation 2007
    • Table 58: John Lewis company overview 2008
    • Table 59: John Lewis key operating statistics 2003-2008e
    • Table 60: John Lewis Stores trading record 1998-2008e
    • Table 61: John Lewis store portfolio 1998-2009e
    • Table 62: John Lewis opening/relocation plans 2008-2014
    • Table 63: John Lewis retail proposition 2008
    • Table 64: John Lewis space allocation 2007
    • Table 65: Marks & Spencer company overview 2008
    • Table 66: Marks & Spencer UK key operating statistics 2003-2008e
    • Table 67: Marks & Spencer UK trading record 1998-2008e
    • Table 68: M&S store portfolio 1998-2008
    • Table 69: Marks & Spencer retail proposition 2008
    • Table 70: Marks & Spencer space allocation 2007
    • Table 71: Selfridges company overview 2008
    • Table 72: Selfridges key operating statistics 2003-2008e
    • Table 73: Selfridges trading record 1998-2008e
    • Table 74: Selfridges store portfolio 1998-2008e
    • Table 75: Selfridges retail proposition 2008
    • Table 76: Selfridges space allocation 2007
    • Table 77: TJ Hughes company overview 2008
    • Table 78: TJ Hughes key operating statistics 2003-2008e
    • Table 79: TJ Hughes trading record 1997-2008e
    • Table 80: TJ Hughes store portfolio 1997-2008e
    • Table 81: TJ Hughes retail proposition 2008
    • Table 82: TJ Hughes space allocation 2007
  • List of Figures
    • Figure 1: Department store sales growth including and excluding Marks & Spencer 2003-2008e
    • Figure 2: Department store sales growth vs total retail sales and non-food retail sales 2003-2008e
    • Figure 3: Department store inflation/deflation trends 1998-2008e
    • Figure 4: Department stores space, value and l-f-l growth % 2003-2008e
    • Figure 5: Department store sales as % share of non-food sales 2003-2008e
    • Figure 6: Department store market shares 2002 and 2007e
    • Figure 7: Winners and losers in department stores % market share 2007e on 2006
    • Figure 8: Sales growth vs space growth % (adjusted to calendar years) 2002-2007e
    • Figure 9: Department stores annualized 2007e sales density comparison
    • Figure 10: Department stores operating profit density comparison 2006/07 (nearest financial year)
    • Figure 11: Department stores operating profit density comparison 2005/06 and 2006/07 (nearest financial year)
    • Figure 12: Department store key issues 2008
    • Figure 13: Collective sales growth of luxury department stores vs remaining department store market 2003-2008e
    • Figure 14: Improving the customer experience 2008
    • Figure 15: Benefits of own brand development 2008
    • Figure 16: Key footfall drivers for UK department stores 2008
    • Figure 17: Department stores space opportunities 2008
    • Figure 18: Leading department stores estimated UK space growth 2008/09
    • Figure 19: Department stores space growth vs sales growth 2003-2008e
    • Figure 20: Challenges facing department store retailers 2008 -2012
    • Figure 21: John Lewis and UK average CSI scores 2005-2008
    • Figure 22: Beales market share 2002-2007
    • Figure 23: Beales fashion/home space split 2002-2007
    • Figure 24: Beales fashion space allocation 2002-2007
    • Figure 25: Beales home space allocation 2002-2007
    • Figure 26: Debenhams market share 2002-2007e
    • Figure 27: Debenhams refit programme 2005-2008e
    • Figure 28: Debenhams fashion/home space split 2002-2007
    • Figure 29: Debenhams fashion space allocation 2002-2007
    • Figure 30: Debenhams home space allocation 2002-2007
    • Figure 31: Fenwick market share 2002-2007
    • Figure 32: Fenwick home/fashion space split 2002-2007
    • Figure 33: Fenwick fashion space allocation 2002-2007
    • Figure 34: Fenwick home space allocation 2002-2007
    • Figure 35: Harrods market share 2002-2007
    • Figure 36: Harrods fashion/home split 2002-2007
    • Figure 37: Harrods fashion space allocation 2002-2007
    • Figure 38: Harrods home space allocation 2002-2007
    • Figure 39: Harvey Nichols market share 2002-2007
    • Figure 40: Harvey Nichols fashion/home space split 2002-2007
    • Figure 41: Harvey Nichols fashion space allocation 2002-2007
    • Figure 42: Harvey Nichols home space allocation 2002-2007
    • Figure 43: House of Fraser & Beatties market shares 2002-2007
    • Figure 44: House of Fraser fashion/home space split 2002-2007
    • Figure 45: House of Fraser fashion space allocation 2002-2007
    • Figure 46: House of Fraser home space allocation 2002-2007
    • Figure 47: John Lewis market share 2002-2007
    • Figure 48: John Lewis home/fashion space split 2002-2007
    • Figure 49: John Lewis fashion space allocation 2002-2007
    • Figure 50: John Lewis home space allocation 2002-2007
    • Figure 51: Marks & Spencer market share 2002-2007e
    • Figure 52: Marks & Spencer fashion/food/home space split 2002-2007
    • Figure 53: Marks & Spencer fashion space allocation 2002-2007
    • Figure 54: Marks & Spencer home space allocation 2002-2007
    • Figure 55: Selfridges market share 2002-2007
    • Figure 56: Selfridges fashion/home space split 2002-2007
    • Figure 57: Selfridges fashion space allocation 2002-2007
    • Figure 58: Selfridges home space allocation 2002-2007
    • Figure 59: TJ Hughes market share 2002-2007e
    • Figure 60: T J Hughes fashion/home space split 2002-2007
    • Figure 61: T J Hughes fashion space allocation 2002-2007
    • Figure 62: T J Hughes home space allocation 2002-2007