UK Department Stores 2009

Publication Date	May 2009
Publisher	Verdict
Product Type	Report
Pages	181
ISBN Number	not applicable
Product Code	VDT00430

Buy this product or for assistance call +44 20 7060 7474

PDF £2,075.00$3452 | €2322

PRINT £2,135.00$3551 | €2390

FAX Order above formats by FAX

Summary

The UK department store sector has been through a period of change since the millennium driven by exits and consolidation. It now faces further contraction as the non-food sector suffers during the recession. This report examines expenditure trends in the sector, the performance of the market leaders and highlights threats and opportunities available to drive future growth.

Consumer expenditure via department stores 1999-2009e, growth and inflation/deflation trends, store numbers, space and sales densities.
Market shares 2004-2009e, sales, space, operating profits and margin and sales and profit densities of Top Ten retailers in the sector.
Trading and space performance, with product allocation, of Top Ten department store operators, including analysis and outlook for each.

The department store sector came to a virtual halt in 2008, with 0.1% growth. The core department store shopper, the 45+s saw their incomes cut by falling interest rates, and were hit by pension worries, declining house prices and fuel and food inflation. In 2009 we expect the market to be even tougher, falling -2.6% to 13.95bn.

In 2008 and 2009 together, the sector is set to increase its floorspace by 5.6%. This extra capacity is coming into a market with consumer demand in steep decline. As a result, average sales densities per square foot will decline by 5.7% in 2009 alone, to 353 per sq ft, putting operating profit margins under severe pressure.

Supermarkets are an increasing competitive threat to department stores. The expansion of their non-food ranges as well as the development of new formats, Internet retailing and higher quality products have the potential to take sales from midmarket operators. This is particularly true in a climate where customers are trading down.

Understand the issues that face the department store sector and the opportunities available for growth.
Discover how previous recessionary trends affect each sector and how retailers can exploit this.
Identify where the risks lie for the sector and individual operators.

Content

Chapter 1 Executive Summary
- Key Findings - Profitability Under Threat
- Main Conclusions
Chapter 2 Market Analysis
- Market Definition And Methodology
- Department Store Sales Trends - Contracting
- Deflation Worsening In Non-Food
- Shift In Product Mix As Competitive Environment Changes
- Space Increasing, Sales Density Diluted
- Share Of Non-Food Sales
Chapter 3 Company Data Analysis
- Market Shares - Consolidating For Leaders
- Sales & Operating Profit Densities - Polarising Performance
- Key Operating Statistics
- Product Space Allocation
- Advertising Media Expenditure
Chapter 4 Outlook
- Current Market Situation
- Overexpansion Now A Threat
- Need To Focus On 45+ Abc1s
- Advantages Of An Ageing Population Profile
- Previous Recession Taught Lesson
- Sector Performances In Previous Recession
- Supermarkets Up Competition
- Online Opportunities Outweigh Threats
- Factors For Success
Chapter 5 Beales
- Company Overview
- Market Share
- Trading Record
- Year To October 2008
- Current Trading
- Store Portfolio
- Retail Proposition
- Space Allocation
- Management, Marketing & Operations
- Outlook
Chapter 6 Debenhams
- Company Overview
- Market Shares
- Trading Record
- Year To August 2008
- Current Trading
- Store Portfolio
- Retail Proposition
- Management, Marketing And Operations
- Outlook
Chapter 7 Fenwick
- Company Overview
- Market Share
- Trading Record
- Year To January 2008
- Year To January 2009e
- Store Portfolio
- Retail Proposition
- Space Allocation
- Management, Marketing & Operations
- Outlook
Chapter 8 Harrods
- Company Overview
- Market Share
- Trading Record
- Year To January 2008
- Year To January 2009
- Store Portfolio
- Retail Proposition
- Space Allocation
- Management, Marketing & Operations
- Outlook
Chapter 9 Harvey Nichols
- Company Overview
- Market Share
- Trading Record
- Year To March 2008
- Year To March 2009e
- Store Portfolio
- Retail Proposition
- Space Allocation
- Management, Marketing & Operations
- Outlook
Chapter 10 House Of Fraser
- Company Overview
- Market Shares
- Trading Record
- Year To January 2008
- Year To January 2009
- Christmas Trading
- Store Portfolio
- Retail Proposition
- Space Allocation
- Management, Marketing & Operations
- Outlook
Chapter 11 John Lewis
- Company Overview
- Market Share
- Trading Record
- Year To January 2009
- Current Trading
- Store Portfolio
- Retail Proposition
- Space Allocation
- Marketing & Operations
- Outlook
Chapter 12 Marks & Spencer
- Company Overview
- Market Share
- Trading Record
- Year To March 2009
- Store Portfolio
- Retail Proposition
- Space Allocation
- Management
- Marketing & Operations
- Outlook
Chapter 13 Selfridges
- Company Overview
- Market Share
- Trading Record
- Year To January 2008
- Year To January 2009e
- Store Portfolio
- Retail Proposition
- Space Allocation
- Management, Marketing & Operations
- Outlook
Chapter 14 Tj Hughes
- Company Overview
- Market Share
- Trading Record
- Year To January 2008
- Year To January 2009
- Store Portfolio
- Retail Proposition
- Space Allocation
- Management, Marketing & Operations
- Outlook
Chapter 15 Glossary
- `Market Definition
- Financial Statistics - Vat
- Trading Profile
- Key Operating Ratios
- Physical Development
- Abbreviations
List Of Tables
- Table 1: Department Store Market Definition And Methodology 2009
- Table 2: Department Store Sales (Including M&s) 1999-2009e
- Table 3: Department Store Sales (Excluding M&s) 1999-2009e
- Table 4: Department Stores Product Mix 2003 And 2008
- Table 5: Department Store Share Of Overall Sector Sales 2003 & 2008
- Table 6: Department Stores, Space And Sales Density 1999-2009e
- Table 7: Department Store Retailers Market Shares 2004-2009e
- Table 8: Department Stores Key Operating Statistics 2007/08
- Table 9: Department Stores (A-H) Space Allocation 2008
- Table 10: Department Stores (H-R) Space Allocation 2008
- Table 11: Department Stores (S-Z & Av) Space Allocation 2008
- Table 12: Department Store Retailers Advertising Spend 2003-2008
- Table 13: Department Store Ad Spend As A % Of Sales 2003-2008
- Table 14: Department Store Retailers Advertising Spend m 2008
- Table 15: Department Store Retailers Advertising Spend % 2008
- Table 16: Threats To Stores Online Propositions - & Opportunities - 2009
- Table 17: Beales Company Overview 2009
- Table 18: Beales Key Operating Statistics 2003-2008
- Table 19: Beales Trading Record 1998-2008
- Table 20: Beales Store Portfolio 1998-2008
- Table 21: Beales Store Locations January 2009
- Table 22: Beales Retail Proposition 2009
- Table 23: Beales Space Allocation 2008
- Table 24: Debenhams Company Overview 2009
- Table 25: Debenhams Key Uk Operating Statistics 2003e-2008e
- Table 26: Debenhams Trading Record 1998-2008
- Table 27: Debenhams Uk Store Portfolio 1998-2008e
- Table 28: Debenhams Retail Proposition 2009
- Table : Debenhams Space Allocation 2008
- Table 29: Fenwick Company Overview 2009
- Table 30: Fenwick Key Operating Statistics 2004-2009e
- Table 31: Fenwick Trading Record 1998-2009e
- Table 32: Fenwick Store Portfolio 1998-2009e
- Table 33: Fenwick Store Locations January 2009
- Table 34: Fenwick Retail Proposition 2009
- Table 35: Fenwick Space Allocation 2008
- Table 36: Harrods Company Overview 2009
- Table 37: Harrods Key Uk Operating Statistics 2004-2009e
- Table 38: Harrods Uk Trading Record 1999-2009e
- Table 39: Harrods Store Portfolio 1999-2009e
- Table 40: Harrods Retail Proposition 2009
- Table 41: Harrods Space Allocation 2008
- Table 42: Harvey Nichols Company Overview 2009
- Table 43: Harvey Nichols Key Operating Statistics 2004-2009e
- Table 44: Harvey Nichols Uk Stores Trading Record 1999-2009e
- Table 45: Harvey Nichols Uk Store Portfolio 1997-2009e
- Table 46: Harvey Nichols Uk & Ireland Store Locations January 2009
- Table 47: Harvey Nichols Retail Proposition 2009
- Table 48: Harvey Nichols Space Allocation 2008
- Table 49: House Of Fraser Company Overview 2009
- Table 50: House Of Fraser Key Operating Statistics 2004-2009e
- Table 51: House Of Fraser Trading Record 1999-2009e
- Table 52: House Of Fraser Store Portfolio 1997-2009e
- Table 53: House Of Fraser Retail Proposition 2009
- Table 54: House Of Fraser Space Allocation 2008
- Table 55: John Lewis Company Overview 2009
- Table 56: John Lewis Key Operating Statistics 2004-2009e
- Table 57: John Lewis Stores Trading Record 1999-2009
- Table 58: John Lewis Store Portfolio 1999-2009
- Table 59: John Lewis Department Store Opening/Relocation Plans 2009-2014
- Table 60: John Lewis Retail Proposition 2009
- Table 61: John Lewis Space Allocation 2008
- Table 62: Marks & Spencer Company Overview 2009
- Table 63: Marks & Spencer Uk Key Operating Statistics 2004-2009e
- Table 64: Marks & Spencer Uk Trading Record 1998-2009e
- Table 65: M&s Store Portfolio 1999-2009
- Table 66: Marks & Spencer Retail Proposition 2009
- Table 67: Marks & Spencer Space Allocation 2008
- Table 68: Selfridges Company Overview 2009
- Table 69: Selfridges Key Operating Statistics 2004-2009e
- Table 70: Selfridges Trading Record 1999-2009e
- Table 71: Selfridges Store Portfolio 1998-2008e
- Table 72: Selfridges Retail Proposition 2009
- Table 73: Selfridges Space Allocation 2008
- Table 74: Tj Hughes Company Overview 2009
- Table 75: Tj Hughes Key Operating Statistics 2004-2009e
- Table 76: Tj Hughes Trading Record 1998-2009e
- Table 77: Tj Hughes Store Portfolio 1998-2009
- Table 78: Tj Hughes Retail Proposition 2009
- Table 79: Tj Hughes Space Allocation 2008
List Of Figures
- Figure 1: Department Store Sales Growth Incl And Ex M&s 2004-2009e
- Figure 2: Department Store Sales Growth Vs Total Retail Sales And Non-Food Retail Sales Growth 2004-2009e
- Figure 3: Department Store Deflation Trend 1999-2009e
- Figure 4: Total Department Store (Including M&s) Market Shares Of Retail And Non-Food Sales 2004-2009e
- Figure 5: Department Stores (Excluding Marks & Spencer) Market Share Of Retail And Non-Food Sales 2004-2009e
- Figure 6: Department Store Market Shares 2004 And 2009e
- Figure 7: Winners And Losers Of Department Store Share 2009e On 2004
- Figure 8: Department Stores Year End 2007/08 Sales Density Comparison
- Figure 9: Department Stores Operating Profit Density Year End 2007/08
- Figure 10: Breakdown Of Department Store Customers By Age 2009
- Figure 11: Department Store Customers By Socio-Economic Group 2009
- Figure 12: Projected % Changes In Population By Age Band 2013 On 2008
- Figure 13: Sectors Enjoying Positive Consumer Spending Trend 1988-1993
- Figure 14: Sectors Suffering Slowdown In Consumer Spending 1988-1993
- Figure 15: Sector Consumer Spending Trend Forecasts 2008-2012
- Figure 16: Beales Market Share 2004-2009e
- Figure 17: Beales Fashion/Home Space Split 2003-2008
- Figure 18: Beales Fashion Space Allocation 2003-2008
- Figure 19: Beales Home Space Allocation 2003-2008
- Figure 20: Debenhams Department Store Market Shares 2004-2009e
- Figure 21: Debenhams Space Allocation 2003 - 2008
- Figure 22: Debenhams Fashion Space Allocation 2003-2008
- Figure : Debenhams Home Space Allocation 2003-2008
- Figure 23: Fenwick Market Share 2004-2009e
- Figure 24: Fenwick Home/Fashion Space Split 2003-2008
- Figure 25: Fenwick Fashion Space Allocation 2003-2008
- Figure 26: Fenwick Home Space Allocation 2003-2008
- Figure 27: Harrods Department Store Market Shares 2004-2009e
- Figure 28: Harrods Fashion/Home Split 2003-2008
- Figure 29: Harrods Fashion Space Allocation 2003-2008
- Figure 30: Harrods Home Space Allocation 2003-2008
- Figure 31: Harvey Nichols Market Share 2004-2009e
- Figure 32: Harvey Nichols Fashion/Home Space Split 2003-2008
- Figure 33: Harvey Nichols Fashion Space Allocation 2003-2008
- Figure 34: Harvey Nichols Home Space Allocation 2003-2008
- Figure 35: House Of Fraser Market Shares 2004-2009e
- Figure 36: House Of Fraser Fashion/Home Space Split 2003-2008
- Figure 37: House Of Fraser Fashion Space Allocation 2003-2008
- Figure 38: House Of Fraser Home Space Allocation 2003-2008
- Figure 39: John Lewis Market Share 2004-2009e
- Figure 40: John Lewis Home/Fashion Space Split 2003-2008
- Figure 41: John Lewis Fashion Space Allocation 2003-2008
- Figure : John Lewis Home Space Allocation 2003-2008
- Figure 42: Marks & Spencer Market Share 2004-2009e
- Figure 43: Marks & Spencer Fashion/Food/Home Space Split 2003-2008
- Figure 44: Marks & Spencer Fashion Space Allocation 2003-2008
- Figure 45: Marks & Spencer Home Space Allocation 2003-2008
- Figure 46: Selfridges Market Share 2004-2009e
- Figure 47: Selfridges Fashion/Home Space Split 2003-2008
- Figure 48: Selfridges Fashion Space Allocation 2003-2008
- Figure 49: Selfridges Home Space Allocation 2003-2008
- Figure 50: Tj Hughes Market Share 2004-2009e
- Figure 51: Tj Hughes Fashion/Home Space Split 2003-2008
- Figure 52: Tj Hughes Fashion Space Allocation 2003-2008
- Figure 53: T J Hughes Home Space Allocation 2003-2008