Retailing in Spain 2007

Publication Date	June 2007
Publisher	Verdict
Product Type	Brief
Pages	23
ISBN Number	not applicable
Product Code	VDT00224

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Summary

Introduction

Verdict Research: Spain, the fifth largest retail market in Europe, has enjoyed strong growth over the past five years and continues to outperform. Unsurprisingly it is attracting the attention of retailers from across the rest of Europe. But with interest rates rising and uncertainty surrounding the property market, the question is how long can the consumer boom continue?

Scope

Spanish retail market size 2001-2006 and forecast to 2011.
Sector data for grocers, clothing, DIY, electricals and furniture. Including sales, space and store number data.
Market share data for leading grocery retailers.

Highlights

Spain has enjoyed a period of outstanding retail growth since 2002. It has significantly outperformed its Western European peers, delivering growth more comparable to new EU member states. Spain was the second largest contributor to EU retail growth over the past five years, behind France

However, expect the favourable economic conditions that have fuelled this growth to diminish. In particular we expect higher interest rates to hinder spending growth and act as a further brake on the already shaky housing market

Despite stresses on the economy and the impact this is likely to have on retailers, we still expect the Spanish retail market to outperform peers over the next five years. Investment in new space and further consolidation of the market stand to boost demand. We also believe that there is significant latent demand among younger Spanish consumers.

Reasons to Purchase

Assess the potential of this large, fast growing retail economy.
Compare Spain's forecast performance to its main EU rivals, as well as the faster growth economies of Eastern Europe.
Identify which sectors have most potential to perform well over the next few years.

Content

ANALYSIS
- The past five years have been characterised by strong conditions to fuel retail growth
- Key Market Drivers
- Market Size
- Growth Outperforms EU25 Between 2001 and 2006
- Price wars continue to impede grocers potential
- Grocers Share of Retail Spending Continues Decline...
- Price Agenda Dominates Market Share Battle
- Home sectors have underpined non-food growth but exposure to fragile housing market could present issues
- Home-related Sectors Achieved Strong Growth Over Past Five Years
- Challenges Ahead for Home-related Sectors as Economic Outlook Weakens
- Innovation among clothing players has done little to stimulate domestic market growth
- Home of Fast Fashion
- Outlook for Clothing
- We believe the Spanish retail boom has passed its peak but siginificant opportunity remains
- Market Drivers
- Market Inhibitors
- Figure 1: Index of Spanish retail growth vs EU25 and new member states 2000-06
- Figure 2: Value change in retail expenditure 2006 on 2001
- Figure 3: Grocers sales as a proportion of total retail spending 2001-2006
- Figure 4: Major factors influencing home retail markets 2001-2006 and forecast 2006-2011
- Figure 5: Five year forecast retail growth among leading EU nations 2006-2011
- Table 1: Key market drivers - retail in Spain 2001-2006
- Table 2: Spanish total retail expenditure 2001-2006
- Table 3: Spain grocery retail snapshot 2001-2006
- Table 4: Leading players in Spanish grocery market 2006
- Table 5: Spain home markets expenditure 2001-2006
- Table 6: Spain electricals retail snapshot 2001-2006
- Table 7: Spain furniture retail snapshot 2001-2006
- Table 8: Spain DIY retail snapshot 2001-2006
- Table 9: Spain clothing retail snapshot 2001-2006
- Table 10: Key market drivers - retail in Spain 2006-2011
- Table 11: Key market inhibitors - retail in Spain 2006-2011
- Table 12: Spanish total retail expenditure 2001-2006 and forecast to 2011