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Electrical Retailing - Europe - June 2010

Electrical Retailing - Europe - June 2010

This report series covers the 19 leading economies of Europe. In total these countries account for around 91% of all European retail sales, excluding Russia. The remaining ten countries are either too small (eg Luxembourg) or are not sufficiently well developed to warrant detailed coverage (eg Romania and Bulgaria). These developing countries plus Russia and Turkey are covered in the Mintel report “Retailing in Emerging Markets – Europe, May 2009”....

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This report series covers the 19 leading economies of Europe. In total these countries account for around 91% of all European retail sales, excluding Russia. The remaining ten countries are either too small (eg Luxembourg) or are not sufficiently well developed to warrant detailed coverage (eg Romania and Bulgaria). These developing countries plus Russia and Turkey are covered in the Mintel report “Retailing in Emerging Markets – Europe, May 2009”.

The focus of the report is the electricals specialists, and they are the dominant players in the market. But the electricals sector faces some major challenges:

  • The lingering economic hangover.

  • Wavering consumer confidence and a slow recovery in discretionary spending.

  • Competition from non-specialists and in particular internet pure players and supermarkets.

  • Continuing pressure on prices and sales volumes.

  • Product convergence which could put further pressure on sales volumes.

  • Multi-channel development which is fast becoming the option of choice for consumers but is costly for retailers to implement.

  • Customer service which is the new battleground for specialists and inextricably linked to multi-channel development, but represents another major investment for retailers.


Market in Brief


Retail sales forecasts


Outlook for electricals retailing


Market size and performance


The European competitive landscape


Report Scope


Company coverage


Definitions


Retail sector sales

Market sizes

Abbreviations


Technical notes


Financial definitions

Currencies

Country codes

Figure 1: Country codes

VAT

Figure 2: Europe: Standard VAT rates, 2010

European Summary and Outlook


European market size


Spending contracts sharply in 2009

Figure 3: Europe: Estimated electricals market size, by country, 2006-09

UK overtaken by Germany during the recession…

Figure 4: Europe: Percentage change in consumer spending on electricals (in local currency), 2008-09

…but Nordics lead by spend per capita

Figure 5: Europe: Spending on electricals per capita, 2009

Europe – Retail competitor analysis


Leading retailers


Figure 6: Top 20 leading electricals retailers, 2008 and 2009

European market shares


Figure 7: Europe: Leading electricals market share of consumer spending on electricals, 2008-09

Electrical specialists


Sector sales slide in 2008…

Figure 8: Europe: Electrical specialists sector sales, by country, 2005-09

…and contraction accelerates in 2009

Figure 9: Europe: Electrical specialists sector sales growth in local currency, 2008-09

European outlook


Sector sales forecasts


Figure 10: Europe: Sector sales forecasts, 2010 and 2015

Where next?


Lingering economic hangover

Nordics will lead the recovery

Capitalising on global events

Relentless consolidation

Product development drives trend to larger ‘departmental’ stores …

…and so does product convergence

A more complex and demanding marketplace raises service standards

An alternative pure play model

Buying groups can’t afford to be left out in the cold

All eyes on Best Buy

Austria


Market in brief


Sector size and forecast


The economy


Retailers’ prospects


Figure 11: Austria: All retail and food retail sales, 2005-15

Market size


Figure 12: Austria: Consumer spending on electricals, 2005-09

Channels of distribution


Retail competitor analysis


Key points


Media Saturn dominates the sector

Cosmos goes bankrupt, Niedermeyer continues

Buying groups

Hartlauer going strong

Other players

Figure 13: Austria: Leading electricals retailers, 2009

Market shares


Figure 14: Austria: Leading retailers’ share of electrical specialists sales, 2008/09

Retail enterprises


Figure 15: Austria: Retail businesses, 2001-07

Belgium


Market in brief


Sector size and forecast


The economy


Retailers’ prospects


Market size


Figure 16: Belgium: Consumer spending on electricals, 2004-09

Channels of distribution


Retail competitor analysis


Key points


Media-Saturn dominates the sector

Krëfel hangs on to third place

Other international players

Other players

Figure 17: Belgium: Leading electircals retailers, 2009

Market shares


Figure 18: Belgium: Leading retailers’ share of electrical specialists sales, 2009

Retail outlets and enterprises


Figure 19: Belgium: Retail businesses, 2003-07

Figure 20: Belgium: Retail outlets, 2008

Czech Republic


Market in brief


Electricals market size


Figure 21: Czech Republic: Household expenditure on electricals, 2004-08

Channels of distribution


Sector size and forecast


The economy


The electricals retail sector


Figure 22: Czech Republic: Household goods retailers’ sales, 2005-15

Retailer competitor analysis


Leading retailers


Expert

Electro World

Datart

Euronics

Figure 23: Czech Republic: Leading electricals retailers, 2008/09

Online

Market shares


Figure 24: Czech Republic: Top five electricals retailers share of electrical specialists sales, 2008

Denmark


Market in brief


Market size


Figure 25: Denmark: Household expenditure on electricals, 2004-08

Channels of distribution


Sector size and forecast


The economy


The electricals retail sector


Figure 26: Denmark: Retail sales, 2005-15

Forecast


Retail competitor analysis


Expert growing through acquisition

El Giganten now in second position

Foreign entrants finding favour

Online driving growth

Figure 27: Denmark: Leading electricals retailers, 2008/09

Market shares


Figure 28: Denmark: Leading retailers’ share of electrical specialists’ sales, 2008

Enterprise data


Figure 29: Denmark: Specialist electricals retailers’ enterprise numbers, 2005-08

Finland


Market in brief


Electricals market size


Figure 30: Finland: Household expenditure on electricals, 2004-08

Channels of distribution


Sector size and forecast


The economy


The electricals retail sector


Figure 31: Finland: Retail sales, 2005-15

Forecast


Outlet and enterprise data


Figure 32: Finland: Number of electricals retail enterprises, 2003-07

Figure 33: Finland: Number of electricals retail enterprises, 2007-08

Retail competitor analysis


DSGi leads with Gigantti but rationalises Markantalo

Kesko innovating but sales falling

Expert expanding

Euronics

Verkkokauppa.com

OnOff scaling down

Figure 34: Finland: Leading electricals retailers, 2008/09

Market shares


Figure 35: Finland: Leading retailers share of electrical specialists sales, 2008

France


Market in brief


Market size and performance


The competitive landscape


Internal market environment


Key points


Consumer attitudes


E-commerce a fast-growing channel in France

Waiting to pay a premium

Care for the environment

Figure 36: Attitudes towards the internet, technology and the environment, by country, 2009

Consumer trends


Figure 37: Trends in attitudes towards shopping, the internet and technology, France, 2005-09

Who thinks what


Reviews influence top earners most

Figure 38: Attitudes towards internet, by gender, age and income group, France, 2009

Economic recovery to boost the premium end

Figure 39: Attitudes towards technology, by gender, age and income group, France, 2009

Young people still less engaged with the environment

Figure 40: Attitudes towards environment, by gender and age, France, 2009

Website usage

Figure 41: France: Top retail websites, by number of unique visitors, December 2009

Broader market environment


Key points


The market in context


Figure 42: France: Consumer spending on electricals and other selected categories, 2004-08

Weaker economy affects spending on electricals


Price deflation impacts white goods…


…but is even worse for brown and grey goods


Figure 43: France: Consumer price index for selected categories, 2000-09

Channels of distribution


Sector size and forecast


Key points


Economic outlook


Retail sales forecasts


Figure 44: France: Electricals retail sales, 2005-15

Prospects for electricals specialists


Enterprise and outlet data


Figure 45: France: Electricals specialists, enterprise data, 2004-08

Figure 46: France: Electricals specialists, outlet data, 2005-09

Figure 47: France: Electricals specialists, outlet numbers by size class, 2005-09

Retail competitor analysis


Key findings


Kesa is market leader


Fnac in second place


Boulanger turns to Euronics for scale


Buying groups


Media-Saturn trails behind


Figure 48: France: Leading electricals players, 2008/09

Market shares


Figure 49: France: Electrical specialists’ market shares, 2008/09

Germany


Market in brief


Market size and performance


The competitive landscape


Internal market environment


Key points


Consumer attitudes


Electricals not developing online, but investment expected

Willing to pay more

The environment, what’s in it for me?

Figure 50: Attitudes towards the internet, technology and the environment, by country, 2009

Consumer trends


Figure 51: Trends in attitudes towards the internet and technology, Germany, 2005-09

Who thinks what


Top earners cautious but see the information opportunities online

Figure 52: Attitudes towards internet, by gender, age and income group, Germany, 2009

Young follow the latest technological trends, but can’t afford them

Figure 53: Attitudes towards technology, by gender, age and income group, Germany, 2009

Least affluent most engaged with the environment

Figure 54: Attitudes towards environment, by gender and age, Germany, 2009

Website usage

Figure 55: Germany: Top retail websites, by number of unique visitors, December 2009

Broader market environment


Key findings


Competitive context


Key findings


Figure 56: Germany: Consumer spending on electricals and related goods, by major category, 2005-09

Spending on white goods holds up well…


…but brown and grey goods suffer


Impact of deflation


Figure 57: Germany: Consumer price index for selected categories, 2000-09

Channels of distribution


Sector size and forecast


Key findings


Economic outlook


Retail sales – past performance


Figure 58: Germany: Electricals sector retail sales, 2005-09

Retail sales forecasts


Figure 59: Germany: Electricals sector retail sales forecast, 2009-15

Prospects for electricals specialists

Outlet and enterprise data


Figure 60: Germany: Retail enterprises and outlets, 2004-07

Retail competitor analysis


Key findings


Leading specialists


Media Markt dominates

Buying groups

ProMarkt in the ascent

Others

Figure 61: Germany: Leading electrical specialists, 2008/09

Market shares


Figure 62: Germany: Electrical specialists’ market shares, 2008/09

Greece


Market in brief


Sector size and forecast


The economy


Retailers’ prospects


Figure 63: Greece: All retail and electricals specialists’ retail sales, 2005-15

Market size and channels of distribution


Retail competitor analysis


Key points


DSGi leads the sector

Germanos close behind

Strong performance at Media Markt

Domestic players

Figure 64: Greece: Leading electircals retailers, 2009

Market shares


Figure 65: Greece: Leading retailers’ share of electrical specialists sales, 2009

Retail enterprises


Figure 66: Greece: Retail businesses, 2003-07

Hungary


Market in brief


Electricals market size


Figure 67: Hungary: Household expenditure on electricals, 2004-08

Channels of distribution


Sector size and forecast


The economy


The electricals retail sector


Figure 68: Hungary: Retail sales, 2005-15

Outlet and enterprise data


Figure 69: Hungary: Specialist electricals retailers’ outlet numbers, 2004-08

Retail competitor analysis


Media Markt dominates

But DSGi pulls out…

Online

Casualties in a tough market

Figure 70: Hungary: Leading electricals specialists, 2008/09

Market shares


Figure 71: Hungary: Leading retailers’ estimated share of electrical specialists’ sales, 2008

Republic of Ireland


Market in brief


Sector size and forecast


The economy


Retailers’ prospects


Figure 72: Republic of Ireland: All retail and electricals specialists’ retail sales, 2005-15

Market size


Figure 73: Republic of Ireland: Consumer spending on electricals, 2005-09

Channels of distribution


Retail competitor analysis


Key points


Expert takes top spot

Losses at DSGi

Power City largest domestic player

D.I.D. Electricals teams up with Curleys’

Figure 74: Republic of Ireland: Leading electricals retailers, 2009

Market shares


Figure 75: Republic of Ireland: Leading retailers’ share of electrical specialists sales, 2009

Retail enterprises


Figure 76: Republic of Ireland: Retail businesses, 2003-07

Italy


Market in brief


Market size and performance


The competitive landscape


Internal market environment


Key points


Website usage

Figure 77: Italy: Top retail websites, by number of unique visitors, December 2009

Broader market environment


Key points


Competitive context


Key findings


Spending on electricals weak

Figure 78: Italy: Consumer expenditure on electricals, 2004-08

Price deflation impacts growth

Figure 79: Italy: Consumer price index for selected categories, 2000-09

Channels of distribution


Sector size and forecast


Key findings


Economic outlook

Technical notes

Past performance

Figure 80: Italy: Retail sales indices, 2005-09

Retail sales forecast

Figure 81: Italy: Retail sales 2009-15

Electricals specialists’ prospects

Enterprise data


Figure 82: Italy: Electricals retailers, enterprise numbers, 2003-07

Retail competitor analysis


Key findings


Media-Saturn is market leader

UniEuro the next largest multiple

Strong performance for Euronics

Expert

Gre

Other players

Figure 83: Italy: Leading players in the electricals sector, 2008/09

Market shares


Figure 84: Italy: Leading electricals specialists’ market shares, 2008/09

The Netherlands


Market in brief


Sector size and forecast


The economy


Retailers’ prospects


Figure 85: The Netherlands: Retail sales, 2005-15

Market size


Figure 86: Netherlands: Consumer spending on electricals, 2004-08

Channels of distribution


Retail competitor analysis


Key points


Media Saturn faced with sales decline

Buying groups

Impact Retail continues expansion

Disappointing performance for BCC

Other players

Figure 87: The Netherlands: Leading electricals retailers, 2008/09

Market shares


Figure 88: Netherlands: Leading retailers’ share of electrical specialists sales, 2008/09

Outlet and enterprise data


Figure 89: The Netherlands: Electricals retailers, enterprise data, 2005-09

Figure 90: The Netherlands: Electricals outlet data, 2005-09

Norway


Market in brief


Electricals market size


Figure 91: Norway: Household expenditure on electricals, 2004-08

Channels of distribution


Sector size and forecast


The economy


The electricals retail sector


Figure 92: Norway: Retail sales, 2005-15

Forecast


Enterprise and outlet data


Figure 93: Norway: Specialist electricals retailers’ outlet numbers, 2003-07

Figure 94: Norway: Specialist electricals retailers’ enterprise numbers, 2003-07

Retail competitor analysis


Elkjøp leads

Komplett focusing close to home

Buying groups still important

Internationalisation

Online

Figure 95: Norway: Leading electircals retailers, 2008/09

Market shares


Figure 96: Norway: Leading retailers share of electrical specialists sales, 2008

Poland


Market in brief


Electricals market size


Figure 97: Poland: Household expenditure on electricals, 2004-08

Channels of distribution


Sector size and forecast


The economy


The electricals retail sector


Figure 98: Poland: All retail and -food retail sales, 2005-15

Retail enterprises and outlets


Figure 99: Poland: Breakdown of retail enterprises, by number of outlets, 2005-07

Figure 100: Poland: Number of electrical goods outlets, 2005-08

Retail competitor analysis


Media-Saturn dominates

Avans

RTV Euro AGD (Euro-net)

Electro World sold to Mix Electronics

Sferis

E-commerce growing in importance

Figure 101: Poland: Leading electricals retailers, 2008/09

Market shares


Figure 102: Poland: Leading retailers’ estimated market shares, 2008

Portugal


Market in brief


Sector size and forecast


The economy


Retailers’ prospects


Figure 103: Portugal: All retail and estimated electricals specialists’ retail sales, 2005-15

Market size


Channels of distribution


Retail competitor analysis


Key points


Modelo Continente dominates the sector

Complimentary products boost Fnac

Media Markt’s growth stalls

Buying groups proving key to survival

Figure 104: Portugal: Leading electrical specialists, 2009

Market shares


Figure 105: Portugal: Leading retailers’ share of electrical specialists sales, 2009

Retail enterprises


Figure 106: Portugal: Retail businesses, 2003-07

Spain


Market in brief


Market size and performance


The competitive landscape


Internal market environment


Key points


Consumer attitudes


Premium lines failing to inspire

Figure 107: Attitudes towards the internet, technology and the environment, by country, 2009

Consumer trends


Figure 108: Trends in attitudes towards technology, Spain, 2005-09

Who thinks what


Young keen to keep up with new technologies

Figure 109: Attitudes towards technology, by gender, age and income group, Spain, 2009

Website usage

Figure 110: Spain: Top retail websites, by number of unique visitors, December 2009

Broader market environment


Key points


Competitive context


Key points


Spending on electricals


Figure 111: Spain: Consumer spending on selected categories of goods, 2004-08

Deflationary pressures for white goods…

Figure 112: Spain: Consumer price index for selected categories, 2000-09

…but much worse for brown and grey goods

Channels of distribution


Sector size and forecast


Key points


Economic outlook


Retail forecasts


Figure 113: Spain: Retail sales forecast, 2005-15

Electricals specialists’ prospects


Retailer competitor analysis


Key points


Leading specialists


Media Markt/Saturn

Consolidation amongst buying groups

Establecimientos Miró and Fnac

British presence

Sonae acquires Boulanger

Figure 114: Spain: Leading electrical specialists, 2008/09

Market shares


Figure 115: Spain: Leading electrical specialists’ market shares, 2008/09

Sweden


Market in brief


Electricals market size


Figure 116: Sweden: Household expenditure on electricals, 2005-09

Channels of distribution


Sector size and forecast


The economy


The electricals retail sector


Figure 117: Sweden: Retail sales, 2005-15

Forecast


Outlet and enterprise data


Figure 118: Sweden: Specialist electricals retailers’ enterprise numbers, 2008-09

Figure 119: Sweden: Specialist electricals retailers’ enterprise numbers, 2004-07

Retail competitor analysis


Media Markt impacts the sector

Expert struggling

El-Giganten under pressure

NetOnNet branching out…

Up and coming Kjell & Company

Figure 120: Sweden: Leading electricals retailers, 2008/09

Market shares


Figure 121: Sweden: Leading retailers’ share of electrical specialists sales, 2008

Switzerland


Market in brief


Sector size and forecast


The economy


Retailers’ prospects


Figure 122: Switzerland: All retail and estimated electricals specialists’ retail sales, 2005-15

Channels of distribution


Retail competitor analysis


Key points


Coop leads the way

Media-Saturn returns to growth

M-Electronics expanding steadily

Other players

Figure 123: Switzerland: Leading electricals retailers, 2009

Market shares


Figure 124: Switzerland: Leading retailers’ share of electrical specialists sales, 2009

United Kingdom


Issues in the market


Main themes


Definitions


Financial definitions


Abbreviations


Future opportunities


Upping engagement with white goods


Service for all


Market in brief


Recession impacts the market


Growth drivers


Retail sector forecast


Specialists competitive landscape


Channels of distribution


Consumer context


Internal market environment


Key points


Consumer attitudes


More Britains use the internet as an information tool

Making life easier

Not automatically seeking payback

Figure 125: Attitudes towards the internet, technology and the environment, by country, 2009

Consumer trends


Figure 126: Trends in attitudes towards the internet and technology, GB, 2005-09

Who thinks what


Reviews influence top earners most

Figure 127: Attitudes towards internet, by gender, age and income group, GB, 2009

Men want the latest technology

Figure 128: Attitudes towards technology, by gender, age and income group, GB, 2009

Young people still less engaged with the environment

Figure 129: Attitudes towards environment, by gender and age, GB, 2009

Website usage

Figure 130: UK: Top retail websites, by number of unique visitors, December 2009

Broader market environment


Key points


Implications for electricals retailers


Strengths and weaknesses


Strengths


Weaknesses


Who’s innovating?


DSGi goes for megastores


Catering to the ageing population


Expansion in support services


Increasing web functionality


Targeting women


Expanding the range


Non-specialists also up their game


Experiential stores


Competitive context


Key points


Electricals market in context


Figure 131: UK: Consumer spending on goods, by major category, 2005-09

The recession hits most electricals categories


Digital convergence a double edged sword


Deflation remains prevalent


Figure 132: UK: Consumer price inflation, 2000-09

Sector size and forecast


Key points


Retail forecasts


Figure 133: UK: Electrical specialists’ sales, 2005-15

Electricals specialists prospects


Outlet and enterprise data


Figure 134: UK: Electricals retailers, number of outlets and enterprises, 2003-07

Channels of distribution


Key points


Figure 135: UK: Electricals market, estimated channels of distribution, 2009

Specialists


Grocery retailers


Mixed goods retailers


Home shopping


Others


Retail competitor analysis


Key points


Leading retailers


DSGi recovery gathers momentum at expense of Comet

Arrival of Best Buy

Ambitious expansion plans

Apple in the ascent

Maplin also going strong

Others

Figure 136: UK: Leading electical retailers, 2008/09

Market shares


Technical notes

Figure 137: UK: Leading retailers’ share of specialists’ sales, 2008/09

Retail advertising and promotion


Advertising expenditure by retailer


Total spend down sharply in 2009

The top two dominate

Figure 138: UK: Electrical specialists’ retailing advertising expenditure, by retailer, 2005-09

Advertising expenditure by media


Figure 139: UK: Electrical specialists’ retailing advertising expenditure, by media, 2008 and 2009

Advertising themes


Brand elements


Key points


Brand map


Figure 140: Attitudes towards and visits to electrical retail brands, January-February 2010

Brand qualities of electrical retail brands


Apple and John Lewis top for service


Figure 141: Personalities of various electrical retail brands, January-February 2010

Experience of electrical retail brands


Accessible Amazon and Argos most attractive


Figure 142: Consumer visits to various electrical retail brands, January-February 2010

Brand consideration for electrical retail brands


More knowledge of electrical retailers needed


Figure 143: Consideration of various electrical retail brands, January-February 2010

Brand satisfaction for electrical retail brands


Apple offers best experience


Figure 144: Satisfaction with various electrical retail brands, January-February 2010

Brand commitment to electrical retail store brands


Amazon has highest loyalty


Figure 145: Commitment to various electrical retail store brands, January-February

Brand intentions for electrical retail stores


Amazon keeps them coming


Figure 146: Future visitation intentions for various electrical retail stores, January-February 2010

Brand recommendation for electrical retail brands


Electrical specialists least recommended


Figure 147: Recommendation of various electrical retail brands, January-February 2010

Comet


What the consumer thinks


Figure 148: Attitudes towards the Comet brand, January-February 2010

Dixons.co.uk


What the consumer thinks


Figure 149: Attitudes towards the Dixons.co.uk brand, January-February 2010

Apple Store


What the consumer thinks


Figure 150: Attitudes towards the Apple Store brand, January-February 2010

Argos


What the consumer thinks


Figure 151: Attitudes towards the Argos brand, January-February 2010

Amazon.co.uk


What the consumer thinks


Figure 152: Attitudes towards the Amazon.co.uk brand, January-February 2010

The consumer – Where they buy electricals


Key points


Where they buy audio-visual products


DSGi dominates

Argos comfortably ahead of Comet

But Comet closes the gap

Tesco steps up the competition

Figure 153: Where they bought audio-visual products in the last three years, February 2009

Where they buy domestic appliances


White goods bought less often

Competition grows from non-specialists

Figure 154: Where they bought large domestic appliances in the last three years, February 2009

Trend data


Service-led operators hold onto shoppers

Figure 155: UK: Where they shop for audio-visual goods, 2003-10

Less volatile on large domestic appliances

Figure 156: UK: Where they shop for large domestic appliances, 2003-10

Winners and losers in audio-visual


Those gaining or maintaining shopper numbers showed a bias to:


Figure 157: Selected electrical retailers, audio-visual goods, by top income group, February 2010

Figure 158: Selected electrical retailers, audio-visual goods, by socio-economic and age group, February 2010

Figure 159: Selected electrical retailers, audio-visual goods, by 55-64-year-olds, February 2010

Those losing shoppers showed a bias to:


Figure 160: Selected electrical retailers, audio-visual goods, by socio-economic group and age, February 2010

Figure 161: Selected electrical retailers, audio-visual goods, by housing tenure and size, February 2010

Repertoire – a third of shoppers stick to one store


Figure 162: Stores from where audio-visual equipment bought in the last three years, by repertoire of number of stores from where bought, February 2010

Few repertoire differences by demographic group


Figure 163: Repertoire of number of stores from where audio-visual equipment bought in the last three years, by demographics, February 2010

The Consumer – The Way They Shop for Electricals


Key points


Replacement market drives sales


Families most likely to postpone


Price – not a universal driver


Figure 164: The way they shop for electricals, February 2010

The over 55s voted for quality and trust ….


Figure 165: Way in which the 55+ age group shopped for electricals, February, 2010

…and for physical over virtual shops


Figure 166: Way in which they shop, by age group, February 2010

‘White collar families’ under pressure


Figure 167: Way in which the ABC1 35-54s and 55+ shop, February 2010

Pent up demand


Figure 168: Those agreeing they will probably have to replace an old product soon, by age and socio-economic group, February 2010

Figure 169: Where the ABC1 35-54 demographic were most likely to have shopped for audio visual equipment, February 2010

Figure 170: Where the ABC1 35-54 demographic were most likely to have shopped for large domestic appliances, February 2010

Pent up demand on appliances


The consumer – Attitudes to electricals shopping


Key points


Retailers struggle to generate loyalty


But trust matters


Ecological or economical?


Scrappage schemes – raising the bar


Figure 171: Attitudes to shopping for electricals, February 2010

The gender divide


Men are

Figure 172: Difference in attitudes to electricals shopping, by gender, February 2010

Women are

Figure 173: Further difference in attitudes to electricals shopping, by gender, February 2010

Hard pressed families


Families are

Figure 174: Difference in attitudes to buying from a trusted retailer, by lifestage, February 2010

Figure 175: Difference in attitudes to energy-efficient models to save money, by lifestage, February 2010

Figure 176: Difference in attitudes to buying from unknown websites, by lifestage, February 2010

Appendix – Broader market environment


Population


Figure 177: Europe top five: Population breakdown, by age group, 2005

Figure 178: Europe top five: Population breakdown, by age group, 2010

Figure 179: Europe top five: Population breakdown, by age group, 2015

Figure 180: Europe top five: Population breakdown, by age group, 2020

GDP


Figure 181: Europe top five: GDP (in current prices) 2000-Q1 2010

Figure 182: Europe top five: GDP growth rates (in constant prices), 2000-Q1 2010

Consumer spending


Figure 183: Europe top five: Consumer spending (in current prices) 2001-09

Figure 184: Europe top five: Consumer spending growth rates (in constant prices) 2001-09

Consumer prices


Figure 185: Europe top five: Consumer prices, 2000-10

Unemployment


Figure 186: Europe top five: Average rate of unemployment, 2000-Q1 2010

Interest rates


Figure 187: UK and Eurozone: Interest rates, 2004-Q1 2010

Consumer confidence


Figure 188: Europe top five: Consumer confidence, Oct 2008-Mar 2010

Appendix – Where they shop for electricals


Figure 189: Most popular stores from where audio-visual equipment bought in the last three years, by demographics, February 2010

Figure 190: Next most popular stores from where audio-visual equipment bought in the last three years, by demographics, February 2010 (continued)

Figure 191: Other stores from where audio-visual equipment bought in the last three years, by demographics, February 2010 (continued)

Figure 192: Most popular stores from where large kitchen appliances bought in the last three years, by demographics, February 2010

Figure 193: Next most popular stores from where large kitchen appliances bought in the last three years, by demographics, February 2010 (continued)

Appendix – The way they shop for electricals


Figure 194: Most popular shopping habits of consumers buying electrical goods, such as audio-visual or large kitchen appliances, by demographics, February 2010

Figure 195: Next most popular shopping habits of consumers buying electrical goods, such as audio-visual or large kitchen appliances, by demographics, February 2010 (continued)

Figure 196: Other shopping habits of consumers buying electrical goods, such as audio-visual or large kitchen appliances, by demographics, February 2010 (continued)

Appendix – Attitudes to Electricals Shopping


Figure 197: Most popular attitudes towards buying electrical goods, such as audio-visual or large kitchen appliances, by demographics, February 2010

Figure 198: Next most popular attitudes towards buying electrical goods, such as audio-visual or large kitchen appliances, by demographics, February 2010 (continued)

Boulanger


History


Financial performance


Figure 199: Boulanger: Estimated sales as share of electrical specialists’ sales in France, 2005-09

Figure 200: Boulanger: Estimated group sales performance, 2005-09

Store portfolio


Figure 201: Boulanger: Outlet data, 2005-09

Retail offering


e-commerce and home shopping

Conrad Electronic


Recent history


Financial performance


Figure 202: Conrad: Estimated group sales performance, 2004-08

Store portfolio


Retail offering


e-commerce and home shopping

Cosmos/Niedermeyer


Recent history


Financial performance


Store portfolio


Retail offering


e-commerce and home shopping

Dexcom


History


Financial performance


Store portfolio


Figure 203: Dexcom: Outlet data, 2005-09

Retail offering


e-commerce and home shopping

DSG International


Figure 204: DSG International: Group sales as share of electrical specialists’ sales in Europe, 2005-09

Figure 205: DSGi UK: Sales as share of electrical/PC/telecoms specialists’ sales in UK, 2005-09

Strategic evaluation


Recent history


Financial performance


Figure 206: DSG International: Group financial performance, 2004/05-2008/09

Figure 207: DSGi: First half financial performance, 2009/10

Figure 208: DSGi: First and second half sales performance, 2009/10

Store portfolio


Figure 209: DSG International: Outlet data, 2007/08-2008/09

Figure 210: DSG International: Outlet data, 2004/05-2008/09

Figure 211: DSG International: Store performance data, 2004/05-2008/09

Retail offering


e-commerce

EDA


Strategic evaluation


Recent history


Figure 212: EDA: Members and websites, by country of operation, 2009

Financial performance


Figure 213: EDA: Estimated retail sales, 2008-09

Store portfolio


Figure 214: EDA: Member store numbers, 2008-09

Retail offering


Figure 215: EDA: Sales mix by purchase volume, 2008/09

e-commerce

Figure 216: EDA: Affiliated online stores, 2010

ElectronicPartner


Figure 217: ElectronicPartner: Estimated sales as share of electrical retailers sales in Germany, 2005-09

Strategic evaluation


Recent history


Membership structure

Figure 218: EP: Membership data, 2009

Financial performance


Figure 219: ElectronicPartner: Group financial performance, 2005-09

Store portfolio


Figure 220: ElectronicPartner: Membership data, 2005-09

Sales and outlets by country

Figure 221: ElectronicPartner: Affiliated branded stores and membership, by country, 2009

Retail offering


e-commerce and home shopping

Establecimientos Miró


Background


Financial performance


Figure 222: Establecimientos Miró: Sales performance, 2004-08

Store portfolio


Figure 223: Establecimientos Miró: Outlet data, 2004-08

Retail offering


e-commerce


Euronics International


Figure 224: Euronics: Estimated sales as share of electrical retailers sales in Europe, 2005-09

Strategic evaluation


Recent history


Figure 225: Euronics: European members and websites, by country of operation, 2010

Financial data


Figure 226: Euronics International: Sales by country, 2001-09

Figure 227: Euronics International: Sales by country, 2005, 2006 and 2008

Store portfolio


Figure 228: Euronics International: Outlet data 2004-08

Retail offering


Figure 229: Euronics International, sales mix by purchase volume, 2009

e-commerce

Expert International


Strategic evaluation


Background


Financial performance


Figure 230: Expert: European operations by country, 2009

Store portfolio


Retail offering


e-commerce and home shopping


Figure 231: Expert International, online shopping availability, 2010

Fnac


Figure 232: Fnac: Sales as share of electrical specialists’ sales in France, 2005-09

Strategic evaluation


Background


Financial performance


Figure 233: Fnac: Group financial performance, 2005-09

Figure 234: Fnac: Sales by product category, 2009

Store portfolio


Figure 235: Fnac: Outlet data, 2005-09

Retail offering


e-commerce and home shopping

Fust and Interdiscount (Coop Schweiz)


History


Financial performance


Figure 236: Fust and Interdiscount: Sales performance, 2005-09

Store portfolio


Figure 237: Fust and Interdiscount: Outlet data, 2005-09

Retail offering


e-commerce and home shopping

Kesa Electricals


Figure 238: Comet: Sales as share of electrical retailers’ sales in UK, 2005-09

Figure 239: Darty France: Sales as share of electrical retailers’ sales in France, 2005-09

Strategic evaluation


Recent history


Financial performance


Figure 240: Kesa Electricals: Group financial performance, 2006/07-2008/09

Figure 241: Kesa Electricals: First half financial performance, 2009/10

Figure 242: Kesa Electricals: Second half and full year sales performance, 2009/10

Store portfolio


Figure 243: Kesa Electricals: Outlet data, 2006-09

Retail offering


e-commerce


Figure 244: Kesa Electricals: E-commerce sales, UK and France, 2005/06-2008/09

Figure 245: Kesa Electricals: Websites, 2009

Komplett


Figure 246: Komplett: Consumer sales as share of electricals retailers’ sales in Europe, 2005-09

Figure 247: Komplett Norway: Consumer sales as share of electricals retailers’ sales in Norway, 2005-09

Recent history


Financial performance


Figure 248: Komplett: Group financial performance, 2005-09

Retail offering


Figure 249: Komplett: Sales by product category, 2009

Krëfel


History


Financial performance


Store portfolio


Retail offering


e-commerce and home shopping

Maplin


Figure 250: Maplin: Sales as share of electrical specialists’ sales in UK, 2004-08

Background


Financial performance


Figure 251: Maplin: Group financial performance, 2004-08

Store portfolio


Figure 252: Maplin: Outlet data, 2004-08

Retail offering


e-commerce and home shopping


Media Markt/Saturn


Figure 253: Media-Saturn group: Sales as share of electrical retailers’ sales in Europe, 2005-09

Figure 254: Media-Saturn Germany: Sales as share of electrical retailers’* sales in Germany, 2005-09

Strategic evaluation


e-commerce

Recent history


Financial performance


Figure 255: Media Markt/Saturn: Financial performance, 2005-09

Figure 256: Media Markt/Saturn: Germany, Western Europe & Eastern Europe – share of sales, 2005-09

Store portfolio


Figure 257: Media Markt/Saturn: Outlet data, by country, 2005-09

Figure 258: Media Markt/Saturn: Description of outlets, 2009

Retail offering


e-commerce and home shopping

Figure 259: Media Markt/Saturn: Websites by country, 2009

M-Electronics


Financial performance


Figure 260: M-Electronics: Sales data, 2005-09

Store portfolio


Figure 261: M-Electronics: Outlet data, 2005-09

Retail offering


e-commerce and home shopping

Modelo Continente (Sonae)


Recent history


Financial performance


Figure 262: Modelo Continente: Group sales performance, 2005-09

Store portfolio


Figure 263: Modelo Continente: Outlet data, 2005-09

Retail offering


e-commerce


Musta Pörssi


Figure 264: Musta Pörssi: Sales as share of electricals in Finland, 2005-09

Recent history


Financial performance


Figure 265: Musta Pörssi: Group financial performance, 2005-09

Store portfolio


Figure 266: Musta Pörssi: Outlet data, 2005-09

Retail offering


e-commerce and home shopping

Power City


Financial performance


Figure 267: Power City: Financial performance, 2004/05-08/09

Store portfolio


Figure 268: Power City: Outlet data, 2005-09

Retail offering


e-commerce and home shopping

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