Sorry for interrupting, this website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Learn more
Accept & Close

European Retail Briefing - April 2012

European Retail Briefing is a monthly briefing providing news and analysis that includes company results, store openings, cross-border moves, M & A activities, executive changes and property developments. Additionally each month, European Retail Briefing focuses on a key issue or specific European retail sector. The month's retail news is then analysed sector by sector, making this an invaluable resource for all with an interest in the European retail industry.

What you get

What's included

Why buy from us?

Succeed

Our reports will provide you with market data, consumer research and competitive intelligence to succeed in your market.

Instant Access

Buy now and you'll have instant access to the information you need to make the right decisions.

Opportunities

Find out what's next in the markets that matter to you: where opportunities lie and what challenges you will face.

Trusted

A business Superbrand, Mintel is a source you can trust. We have been defining and refining the Market Intelligence mix since 1972.

Table of contents

  1. Analyst Comment

    • Price is no longer enough in German retailing
      • What we’ve seen
        • Food retail
          • Figure 1: Penny’s new store format
        • Clothing retail
          • Other sectors
            • What this means
            • Retail Sales Review

              • Key points
                • France
                  • Figure 1: France: Retail sales trends, 2011-12
                • Inflation
                  • Figure 2: France: Inflation, 2011-12
                • Germany
                  • Figure 3: Germany: Retail sales trends, 2011-12
                • Inflation
                  • Figure 4: Germany: Inflation, 2011-12
                • Italy
                  • Figure 5: Italy: Retail sales trends, 2011-12
                • Inflation
                  • Figure 6: Italy: Inflation, 2011-12
                • Netherlands
                  • Figure 7: The Netherlands: Retail sales trends, 2011-12
                • Inflation
                  • Figure 8: The Netherlands: Inflation, 2011-12
                • Spain
                  • Figure 9: Spain: Retail sales trends, 2011-12
                • Inflation
                  • Figure 10: Spain: Inflation, 2011-12
                • UK
                  • Figure 11: UK: Retail sales trends, 2011-12
                • Inflation
                  • Figure 12: UK: Annual percentage change in Consumer Price Index for selected product groups, 2011-12
              • Headlines for the Month

                • Grocers
                  • Clothing
                    • Footwear
                      • Multi-sector retailing
                        • Department stores
                          • DIY retailing
                            • Electricals retailing
                              • Music and video goods retailing
                                • Furniture
                                  • Home shopping
                                    • Health and beauty
                                      • Jewellery
                                        • Books and stationery
                                          • Sports and leisure goods
                                            • Garden centres
                                            • News Analysis

                                              • Grocers
                                                • France: Auchan vows to get aggressive on pricing after weak full year
                                                  • France: Carrefour long-term debt cut by rating agencies
                                                    • Germany: Penny updates refurbishment plans
                                                      • Spain: Mercadona sales rise in 2011
                                                        • UK: Asda
                                                          • …launches £5 off £40 shop promotion for Easter
                                                            • …George gives support to British manufacturers
                                                              • UK: Iceland deal complete
                                                                • UK: Kwiksave to return to high street next month
                                                                  • UK: Midcounties acquires Harry Tuffin's
                                                                    • UK: Morrisons
                                                                      • …new format will target high-end customers
                                                                        • …sets out plans to become biggest fresh food maker
                                                                          • …to donate job creation fund
                                                                            • UK: Sainsbury's
                                                                              • …aims to take market share from Game's demise
                                                                                • …becomes second largest online grocer
                                                                                  • …campaign ruled out by ASA
                                                                                    • …like-for-like sales rise 2.6%
                                                                                      • UK: Tesco
                                                                                        • …considering rise in pension age
                                                                                          • …Dotcom-Only store experiences problems
                                                                                            • …drops premium clothing
                                                                                              • …to launch in-store kiosks with access to full range
                                                                                                • …UK boss exits
                                                                                                  • …upgrades Value brand
                                                                                                    • UK: The Co-operative Food sees sales fall
                                                                                                      • Off-licences
                                                                                                        • UK: Oddbins relaunches website with increased personalisation
                                                                                                          • Other food specialists
                                                                                                            • UK: Greggs sales boosted by store expansion programme
                                                                                                              • UK: Holland & Barrett promotes new Know-how
                                                                                                                • Clothing retailing
                                                                                                                  • France: Hermes reports net profits rise of 41%
                                                                                                                    • Germany: Hugo Boss reports "record" results for 2011 but expects slower 2012
                                                                                                                      • Germany: Zalando extends European reach
                                                                                                                        • Italy: Prada to add 160 stores to retail estate
                                                                                                                          • Italy: Versace returns to profit
                                                                                                                            • Russian Federation: Bosco plans European expansion
                                                                                                                              • Spain: Inditex profits up 12%
                                                                                                                                • Sweden: H&M plans launch of premium brand
                                                                                                                                  • Sweden: H&M
                                                                                                                                    • …new brand named "& Other Stories"
                                                                                                                                      • …reports like-for-like sales rise in February
                                                                                                                                        • UK: Aquascutum seeks new owner
                                                                                                                                          • UK: Aurora could close half its stores
                                                                                                                                            • UK: Cherokee to relaunch in Tesco UK
                                                                                                                                              • UK: French Connection launches retail review after profits fall
                                                                                                                                                • UK: Matalan founder acquires Fenn Wright Manson
                                                                                                                                                  • UK: Moss Bros returns to profit in full year
                                                                                                                                                    • UK: Next
                                                                                                                                                      • …reports profits rise but warns of uncertainty
                                                                                                                                                        • …to launch 19 mini stores
                                                                                                                                                          • UK: Peacocks
                                                                                                                                                            • …plans online launch for 2013
                                                                                                                                                              • …seeks extension on payment terms
                                                                                                                                                                • UK: Ted Baker reports "excellent" full-year
                                                                                                                                                                  • UK: Eveden considers sale
                                                                                                                                                                    • Footwear retailing
                                                                                                                                                                      • Denmark: Ecco full year results set company record
                                                                                                                                                                        • Multi-sector retailing
                                                                                                                                                                          • Germany: Metro fares well in tough economy
                                                                                                                                                                            • Ireland: Marks & Spencer launches Irish site as veteran Andrew Skinner exits
                                                                                                                                                                              • UK: Halfords plans investment as sales are flat
                                                                                                                                                                                • UK: Marks & Spencer sets up Savile Row office
                                                                                                                                                                                  • UK: Matalan founder acquires Fenn Wright Manson
                                                                                                                                                                                    • UK: Mothercare
                                                                                                                                                                                      • …prepares to up store closures
                                                                                                                                                                                        • …review puts 160 head office staff at risk
                                                                                                                                                                                          • UK: Laura Ashley reports "resilient" results
                                                                                                                                                                                            • Mixed goods retailing
                                                                                                                                                                                              • UK: Poundland buys eight Peacocks stores
                                                                                                                                                                                                • UK: Argos reports 8.5% like-for-like sales fall
                                                                                                                                                                                                  • Department stores
                                                                                                                                                                                                    • France: Galaries Lafayette reports rising sales
                                                                                                                                                                                                      • Russian Federation: Debenhams to re-enter Russia
                                                                                                                                                                                                        • UK: Beales reports falling sales
                                                                                                                                                                                                          • UK: Debenhams
                                                                                                                                                                                                            • …reports positive first half
                                                                                                                                                                                                              • …to increase homewares range
                                                                                                                                                                                                                • UK: Harrods
                                                                                                                                                                                                                  • …owner acquires stake in LVMH
                                                                                                                                                                                                                    • …to launch in-store technology
                                                                                                                                                                                                                      • UK: House of Fraser stake owned by Landsbanki may be sold
                                                                                                                                                                                                                        • UK: TJ Hughes new owner plans store drive
                                                                                                                                                                                                                          • DIY retailing
                                                                                                                                                                                                                            • Germany: Hornbach Group reports strong German sales
                                                                                                                                                                                                                              • Germany: Praktiker net profit falls
                                                                                                                                                                                                                                • UK: Kingfisher eyes new markets as profits rise
                                                                                                                                                                                                                                  • UK: Wilkinson among bidders for Robert Dyas
                                                                                                                                                                                                                                    • Electrical retailing
                                                                                                                                                                                                                                      • UK: Comet
                                                                                                                                                                                                                                        • …plans closure of 61 stores
                                                                                                                                                                                                                                          • …sees sales rise to 2-year record
                                                                                                                                                                                                                                            • Music and video goods retailing
                                                                                                                                                                                                                                              • UK: Game
                                                                                                                                                                                                                                                • …back in trouble
                                                                                                                                                                                                                                                  • …enters administration with 277 stores to close
                                                                                                                                                                                                                                                    • …future in jeopardy as value wiped out
                                                                                                                                                                                                                                                      • …offered lifeline by Comet owner OpCapita
                                                                                                                                                                                                                                                        • …receives interest from potential bidders
                                                                                                                                                                                                                                                          • …UK stores bought by OpCapita
                                                                                                                                                                                                                                                            • UK: HMV
                                                                                                                                                                                                                                                              • …Live attracts attention of O2 owner
                                                                                                                                                                                                                                                                • …set to benefit as Game Group struggles
                                                                                                                                                                                                                                                                  • UK: Sony Music among bidders for HMV Live
                                                                                                                                                                                                                                                                    • Carpet retailing
                                                                                                                                                                                                                                                                      • UK: Carpetright plans to refresh estate in next two years
                                                                                                                                                                                                                                                                        • Furniture retailing
                                                                                                                                                                                                                                                                          • Sweden: Ikea puts shopping centre project on hold
                                                                                                                                                                                                                                                                            • UK: DFS
                                                                                                                                                                                                                                                                              • …reports sharp fall in EBITDA
                                                                                                                                                                                                                                                                                • …to launch first high street store
                                                                                                                                                                                                                                                                                  • UK: Feather & Blacks sees sales boosted by multichannel
                                                                                                                                                                                                                                                                                    • UK: Ikea to build new store in Reading
                                                                                                                                                                                                                                                                                      • Home shopping
                                                                                                                                                                                                                                                                                        • UK: Brand Alley reports 60% rise in sales
                                                                                                                                                                                                                                                                                          • UK: Eveden
                                                                                                                                                                                                                                                                                            • …acquired by Wacoal
                                                                                                                                                                                                                                                                                              • …considers sale
                                                                                                                                                                                                                                                                                                • UK: Feelunique owners to sell a stake
                                                                                                                                                                                                                                                                                                  • UK: Findel full year sales rise as turnaround plan continues
                                                                                                                                                                                                                                                                                                    • UK: Groupon facing OFT action
                                                                                                                                                                                                                                                                                                      • UK: Ocado boss says online grocery shopping to get personal
                                                                                                                                                                                                                                                                                                        • Health and beauty retailing
                                                                                                                                                                                                                                                                                                          • Germany: Celesio to sell DocMorris as full year profits fall
                                                                                                                                                                                                                                                                                                            • Germany: Schlecker
                                                                                                                                                                                                                                                                                                              • …has closed 2,200 outlets
                                                                                                                                                                                                                                                                                                                • …to close 2000 German stores
                                                                                                                                                                                                                                                                                                                  • UK: Feelunique owners to sell a stake
                                                                                                                                                                                                                                                                                                                    • UK: Superdrug launches Superprice campaign
                                                                                                                                                                                                                                                                                                                      • Jewellery retailing
                                                                                                                                                                                                                                                                                                                        • UK: Azendi in administration
                                                                                                                                                                                                                                                                                                                          • UK: H Stern to launch in UK
                                                                                                                                                                                                                                                                                                                            • Book and stationery retailing
                                                                                                                                                                                                                                                                                                                              • UK: Clinton Cards
                                                                                                                                                                                                                                                                                                                                • …profits fall and founder exits
                                                                                                                                                                                                                                                                                                                                  • …to restructure Birthdays if buyer not found
                                                                                                                                                                                                                                                                                                                                    • Sports and leisure goods retailing
                                                                                                                                                                                                                                                                                                                                      • UK: Blacks to rebrand as turnaround begins
                                                                                                                                                                                                                                                                                                                                        • UK: Go Outdoors hires Halfords digital boss
                                                                                                                                                                                                                                                                                                                                          • UK: JD and Sports Direct battle for Firetrap
                                                                                                                                                                                                                                                                                                                                            • UK: JJB receives lifeline from Dick's
                                                                                                                                                                                                                                                                                                                                              • UK: Sports Direct
                                                                                                                                                                                                                                                                                                                                                • …acquires WDT
                                                                                                                                                                                                                                                                                                                                                  • …starts pricing war with JJB
                                                                                                                                                                                                                                                                                                                                                    • Garden centres
                                                                                                                                                                                                                                                                                                                                                      • UK: Garden Centre Group acquired by Terra Firma
                                                                                                                                                                                                                                                                                                                                                        • Economy
                                                                                                                                                                                                                                                                                                                                                          • UK: BRC director general Stephen Robertson exits
                                                                                                                                                                                                                                                                                                                                                            • UK: Government launches Portas Plus plans
                                                                                                                                                                                                                                                                                                                                                              • UK: Hammerson wins race for Croydon centre
                                                                                                                                                                                                                                                                                                                                                                • UK: Kantar: Asda gains market share as Tesco loses out
                                                                                                                                                                                                                                                                                                                                                                  • UK: Land Securities to introduce wi-fi to all shopping centres
                                                                                                                                                                                                                                                                                                                                                                    • UK: Inflation continues to fall
                                                                                                                                                                                                                                                                                                                                                                      • UK: Minimum wage frozen for young, adult rate increase of 1.8%
                                                                                                                                                                                                                                                                                                                                                                        • UK: Olympics will provide Sunday trading boost for retailers
                                                                                                                                                                                                                                                                                                                                                                          • UK: Retail administrations up 15% in Q1 on 2011
                                                                                                                                                                                                                                                                                                                                                                            • UK: ONS: Retail sales fall in February
                                                                                                                                                                                                                                                                                                                                                                              • UK: Scottish retail sales fall in February
                                                                                                                                                                                                                                                                                                                                                                                • UK: Shop price inflation up, driven by food
                                                                                                                                                                                                                                                                                                                                                                                  • UK: Supermarkets prime targets for minimum alcohol pricing
                                                                                                                                                                                                                                                                                                                                                                                  • Beauty Retailing in Europe

                                                                                                                                                                                                                                                                                                                                                                                    • Yves Rocher Group
                                                                                                                                                                                                                                                                                                                                                                                      • Strategic evaluation
                                                                                                                                                                                                                                                                                                                                                                                        • Background
                                                                                                                                                                                                                                                                                                                                                                                          • Company performance
                                                                                                                                                                                                                                                                                                                                                                                            • Store formats
                                                                                                                                                                                                                                                                                                                                                                                              • Retail offering
                                                                                                                                                                                                                                                                                                                                                                                                • e-commerce and home shopping

                                                                                                                                                                                                                                                                                                                                                                                                Companies Covered

                                                                                                                                                                                                                                                                                                                                                                                                • Academy Music Group Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Advertising Standards Authority
                                                                                                                                                                                                                                                                                                                                                                                                • Aldi
                                                                                                                                                                                                                                                                                                                                                                                                • Alexon Group
                                                                                                                                                                                                                                                                                                                                                                                                • Alliance Boots
                                                                                                                                                                                                                                                                                                                                                                                                • Allied Irish Bank
                                                                                                                                                                                                                                                                                                                                                                                                • Amazon.com Inc
                                                                                                                                                                                                                                                                                                                                                                                                • Anglia Regional Co-operative Society Ltd - Food and Department stores
                                                                                                                                                                                                                                                                                                                                                                                                • Apple, Inc
                                                                                                                                                                                                                                                                                                                                                                                                • Aquascutum Group Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Arcadia Group
                                                                                                                                                                                                                                                                                                                                                                                                • Argos
                                                                                                                                                                                                                                                                                                                                                                                                • Asda Group Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Auchan
                                                                                                                                                                                                                                                                                                                                                                                                • Aurora Fashions
                                                                                                                                                                                                                                                                                                                                                                                                • Bain Capital LLC
                                                                                                                                                                                                                                                                                                                                                                                                • Bang & Olufsen
                                                                                                                                                                                                                                                                                                                                                                                                • Barclays Bank plc
                                                                                                                                                                                                                                                                                                                                                                                                • Baugur
                                                                                                                                                                                                                                                                                                                                                                                                • BC Partners Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Beale Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Bershka France
                                                                                                                                                                                                                                                                                                                                                                                                • Birthdays Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Blacks Outdoor Retail Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Bonmarché
                                                                                                                                                                                                                                                                                                                                                                                                • Bosco
                                                                                                                                                                                                                                                                                                                                                                                                • Bose Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Brand Alley
                                                                                                                                                                                                                                                                                                                                                                                                • British Retail Consortium
                                                                                                                                                                                                                                                                                                                                                                                                • Browns (South Molton St) Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Capcom Group
                                                                                                                                                                                                                                                                                                                                                                                                • Carlyle Group (The)
                                                                                                                                                                                                                                                                                                                                                                                                • Carpetright Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Carrefour
                                                                                                                                                                                                                                                                                                                                                                                                • Celesio Retail
                                                                                                                                                                                                                                                                                                                                                                                                • Cherokee Inc.
                                                                                                                                                                                                                                                                                                                                                                                                • Clinton Cards Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Co-operative Group
                                                                                                                                                                                                                                                                                                                                                                                                • Comet Group Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Costcutter Supermarkets Group
                                                                                                                                                                                                                                                                                                                                                                                                • Cotswold Outdoor Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Credit Suisse Group
                                                                                                                                                                                                                                                                                                                                                                                                • David Sands Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Debenhams Total (GTV)
                                                                                                                                                                                                                                                                                                                                                                                                • Della Femina Rothschild Jeary and Partners
                                                                                                                                                                                                                                                                                                                                                                                                • Deloitte Touche Tohmatsu
                                                                                                                                                                                                                                                                                                                                                                                                • Department of Health
                                                                                                                                                                                                                                                                                                                                                                                                • Deutsche Bank AG
                                                                                                                                                                                                                                                                                                                                                                                                • DFS Furniture Holdings Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Dick's Sporting Goods, Inc.
                                                                                                                                                                                                                                                                                                                                                                                                • Diesel
                                                                                                                                                                                                                                                                                                                                                                                                • DocMorris (Sweden)
                                                                                                                                                                                                                                                                                                                                                                                                • E Leclerc
                                                                                                                                                                                                                                                                                                                                                                                                • ECCO
                                                                                                                                                                                                                                                                                                                                                                                                • Electronic Arts, Inc
                                                                                                                                                                                                                                                                                                                                                                                                • Eon Energy
                                                                                                                                                                                                                                                                                                                                                                                                • Ernst & Young
                                                                                                                                                                                                                                                                                                                                                                                                • Eveden Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Facebook, Inc.
                                                                                                                                                                                                                                                                                                                                                                                                • Feather And Black Limited
                                                                                                                                                                                                                                                                                                                                                                                                • Feelunique.com
                                                                                                                                                                                                                                                                                                                                                                                                • Fenn Wright & Manson Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Findel plc
                                                                                                                                                                                                                                                                                                                                                                                                • Firetrap
                                                                                                                                                                                                                                                                                                                                                                                                • French Connection (Retail)
                                                                                                                                                                                                                                                                                                                                                                                                • Galeries Lafayette (Group)
                                                                                                                                                                                                                                                                                                                                                                                                • Game Group
                                                                                                                                                                                                                                                                                                                                                                                                • Gamestation Limited
                                                                                                                                                                                                                                                                                                                                                                                                • GameStop Corp
                                                                                                                                                                                                                                                                                                                                                                                                • Gianni Versace S.p.A.
                                                                                                                                                                                                                                                                                                                                                                                                • Go Outdoors Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Google, Inc.
                                                                                                                                                                                                                                                                                                                                                                                                • Greggs Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Groupon, Inc.
                                                                                                                                                                                                                                                                                                                                                                                                • Grupo Inditex
                                                                                                                                                                                                                                                                                                                                                                                                • H&M Hennes & Mauritz
                                                                                                                                                                                                                                                                                                                                                                                                • Halfords Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Hammersmith Apollo
                                                                                                                                                                                                                                                                                                                                                                                                • Hammerson
                                                                                                                                                                                                                                                                                                                                                                                                • Hargreaves Lansdown Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Harrods Group Total
                                                                                                                                                                                                                                                                                                                                                                                                • Harry Tuffin Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Hermes (GB) Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • HMV Retail Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Hobbs Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Holland & Barrett Retail Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Home Retail Group
                                                                                                                                                                                                                                                                                                                                                                                                • Homebase Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Hornbach Holding
                                                                                                                                                                                                                                                                                                                                                                                                • Hornbach-Baumarkt
                                                                                                                                                                                                                                                                                                                                                                                                • House of Fraser Plc
                                                                                                                                                                                                                                                                                                                                                                                                • HSBC Holdings plc
                                                                                                                                                                                                                                                                                                                                                                                                • Hugo Boss
                                                                                                                                                                                                                                                                                                                                                                                                • Iceland Foods Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • IKEA
                                                                                                                                                                                                                                                                                                                                                                                                • International Game Technology
                                                                                                                                                                                                                                                                                                                                                                                                • J. Sainsbury
                                                                                                                                                                                                                                                                                                                                                                                                • Jacques Vert Group Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Jaeger Company's Shops Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • JD Sports Fashion plc
                                                                                                                                                                                                                                                                                                                                                                                                • Jean Paul Gaultier SA
                                                                                                                                                                                                                                                                                                                                                                                                • JJB Sports Plc
                                                                                                                                                                                                                                                                                                                                                                                                • John Lewis Partnership
                                                                                                                                                                                                                                                                                                                                                                                                • JPMorgan Invest LLC (BrownCo)
                                                                                                                                                                                                                                                                                                                                                                                                • Kantar Media
                                                                                                                                                                                                                                                                                                                                                                                                • KfW Bankengruppe
                                                                                                                                                                                                                                                                                                                                                                                                • Kiddicare
                                                                                                                                                                                                                                                                                                                                                                                                • Kingfisher France
                                                                                                                                                                                                                                                                                                                                                                                                • Kingfisher Group
                                                                                                                                                                                                                                                                                                                                                                                                • Kingfisher UK & Ireland
                                                                                                                                                                                                                                                                                                                                                                                                • Kleeneze plc
                                                                                                                                                                                                                                                                                                                                                                                                • Kurt Geiger Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Land Securities Group
                                                                                                                                                                                                                                                                                                                                                                                                • Landmark
                                                                                                                                                                                                                                                                                                                                                                                                • Landsbanki Islands Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Laura Ashley Group
                                                                                                                                                                                                                                                                                                                                                                                                • le BHV Marais
                                                                                                                                                                                                                                                                                                                                                                                                • LG Electronics
                                                                                                                                                                                                                                                                                                                                                                                                • Lidl (UK)
                                                                                                                                                                                                                                                                                                                                                                                                • Lipsy
                                                                                                                                                                                                                                                                                                                                                                                                • Lloyds Banking Group
                                                                                                                                                                                                                                                                                                                                                                                                • Loewe
                                                                                                                                                                                                                                                                                                                                                                                                • LOVEFiLM International Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • LVMH Moët Hennessy Louis Vuitton SA
                                                                                                                                                                                                                                                                                                                                                                                                • Marks & Spencer
                                                                                                                                                                                                                                                                                                                                                                                                • Matalan Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Media Markt/Saturn
                                                                                                                                                                                                                                                                                                                                                                                                • Mercadona
                                                                                                                                                                                                                                                                                                                                                                                                • Metro Group (retail)
                                                                                                                                                                                                                                                                                                                                                                                                • MFI Furniture Group Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Midcounties Co-operative Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Millets Farm Garden Centre Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Miss Sixty
                                                                                                                                                                                                                                                                                                                                                                                                • mmO2 plc
                                                                                                                                                                                                                                                                                                                                                                                                • Moss Bros Group Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Mothercare Plc
                                                                                                                                                                                                                                                                                                                                                                                                • NBTY (Europe)
                                                                                                                                                                                                                                                                                                                                                                                                • Netto Foodstores Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Next Group
                                                                                                                                                                                                                                                                                                                                                                                                • Nielsen Media Research, Inc.
                                                                                                                                                                                                                                                                                                                                                                                                • Nintendo Co Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Oasis Fashions Ltd - UK
                                                                                                                                                                                                                                                                                                                                                                                                • Ocado
                                                                                                                                                                                                                                                                                                                                                                                                • Oddbins Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Office for National Statistics
                                                                                                                                                                                                                                                                                                                                                                                                • Office of Fair Trading
                                                                                                                                                                                                                                                                                                                                                                                                • Peacock Group
                                                                                                                                                                                                                                                                                                                                                                                                • Penny - Germany
                                                                                                                                                                                                                                                                                                                                                                                                • Permira Advisers Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Phase Eight Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Phones 4U Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Porsche Design Management GmbH & Co KG
                                                                                                                                                                                                                                                                                                                                                                                                • Poundland Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Prada (I Pellettieri d'Italia S.p.A.)
                                                                                                                                                                                                                                                                                                                                                                                                • Prada USA Corp.
                                                                                                                                                                                                                                                                                                                                                                                                • Praktiker
                                                                                                                                                                                                                                                                                                                                                                                                • PricewaterhouseCoopers
                                                                                                                                                                                                                                                                                                                                                                                                • Primark Stores Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Pull & Bear UK
                                                                                                                                                                                                                                                                                                                                                                                                • Renown
                                                                                                                                                                                                                                                                                                                                                                                                • Rewe
                                                                                                                                                                                                                                                                                                                                                                                                • River Island Clothing Co Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Robert Dyas Holdings
                                                                                                                                                                                                                                                                                                                                                                                                • Royal Bank of Scotland Group plc
                                                                                                                                                                                                                                                                                                                                                                                                • Sainsbury's Local
                                                                                                                                                                                                                                                                                                                                                                                                • Samsung Electronics
                                                                                                                                                                                                                                                                                                                                                                                                • Schlecker
                                                                                                                                                                                                                                                                                                                                                                                                • Screwfix UK
                                                                                                                                                                                                                                                                                                                                                                                                • Snow & Rock Sports Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Sony BMG Music Entertainment
                                                                                                                                                                                                                                                                                                                                                                                                • Sony Corporation of America
                                                                                                                                                                                                                                                                                                                                                                                                • Sports Direct Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Sun Capital Partners, Inc.
                                                                                                                                                                                                                                                                                                                                                                                                • Superdrug Stores Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Ted Baker
                                                                                                                                                                                                                                                                                                                                                                                                • Terra Firma Capital Partners Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Tesco Express (UK)
                                                                                                                                                                                                                                                                                                                                                                                                • Tesco Plc
                                                                                                                                                                                                                                                                                                                                                                                                • The Edinburgh Woollen Mill Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • The Hut Group Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • The London Organising Committee of the Olympic Games and Paralympic Games Limited
                                                                                                                                                                                                                                                                                                                                                                                                • The Prince's Trust
                                                                                                                                                                                                                                                                                                                                                                                                • Timpson Group
                                                                                                                                                                                                                                                                                                                                                                                                • TJ Hughes Plc
                                                                                                                                                                                                                                                                                                                                                                                                • Tommy Hilfiger Corporation
                                                                                                                                                                                                                                                                                                                                                                                                • Toshiba Corporation
                                                                                                                                                                                                                                                                                                                                                                                                • USC
                                                                                                                                                                                                                                                                                                                                                                                                • VION Food Group
                                                                                                                                                                                                                                                                                                                                                                                                • Vodafone Group Plc (UK)
                                                                                                                                                                                                                                                                                                                                                                                                • Waitrose
                                                                                                                                                                                                                                                                                                                                                                                                • Warehouse Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Westfield Group
                                                                                                                                                                                                                                                                                                                                                                                                • WH Smith PLC
                                                                                                                                                                                                                                                                                                                                                                                                • Wilkinson Hardware Stores Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Wm Morrison Supermarkets
                                                                                                                                                                                                                                                                                                                                                                                                • Woolworths Group plc
                                                                                                                                                                                                                                                                                                                                                                                                • World Design & Trade Retail Ltd
                                                                                                                                                                                                                                                                                                                                                                                                • Wyevale Garden Centres
                                                                                                                                                                                                                                                                                                                                                                                                • Zalando

                                                                                                                                                                                                                                                                                                                                                                                                European Retail Briefing - April 2012

                                                                                                                                                                                                                                                                                                                                                                                                US $366.54 (Excl.Tax)