Report: Clothing Retailing - Spain

Market in Brief
The future
Market size and performance
The competitive landscape
Report Scope
Technical notes
Definitions
Financial definitions
Currencies
Country codes
- Figure 1: Country codes
VAT
- Figure 2: Europe: Standard VAT rates, 2008
Broader Market Environment
Key points
Gradual population growth
Growing population...
- Figure 3: Spain: Population trends, 2005-09
but ageing too...
- Figure 4: Spain: Population projections, by age group, 2009 and 2017
Economy -- the good times are over
- Figure 5: Spain: Gross domestic product, 1998-2008
And the consumer bubble has burst
- Figure 6: Spain: Household consumer expenditure, 1998-2008
But consumer confidence may have bottomed out
- Figure 7: Spain: Consumer confidence indicator, 2005-Q2 2009
Inflation moderating
- Figure 8: Spain: Consumer prices, 1999-2009
Unemployment a point of tension
- Figure 9: Spain: Unemployment rate, 2005-2009 Q2
Competitive Context
Key points
Clothing and footwear just short of all retail sales growth
- Figure 10: Spain: Consumer spending, growth in main categories, 2003-07
But clothing underperforms other fashion-influenced categories
- Figure 11: Spain: Consumer spending on clothing and other select categories, 2003-07
2008 market size likely to have contracted
Market breakdown
- Figure 12: Spain: Detailed breakdown of clothing spending, 2007
Some inflation in clothing
- Figure 13: Spain: Consumer price inflation on selected categories, 2003-08
Channels of distribution
- Figure 14: Spain: Clothing and footwear, estimated channels of distribution, 2008
Sector Size and Forecast
Key points
Economic and consumer outlook
Retail forecasts
Short term outlook for retailing remains very poor
Clothing retailers will struggle too
- Figure 15: Spain: Retail sales, 2004-14
Recent trends in the clothing sector
- Figure 16: Spain: Clothing specialists versus clothing market, 2003-07
Retail Competitor Analysis
Key findings
Grupo Inditex dominates
Cortefiel and Adolfo Domínguez struggling
Foreign players closing the gap
- Figure 17: Spain: Leading clothing specialists, 2008/09
Market shares and evaluation
- Figure 18: Spain: Leading clothing specialists' market shares, 2008
Adolfo Domínguez
Recent history
Financial performance
- Figure 19: Adolfo Domínguez: Group financial performance, 2004-09
- Figure 20: Adolfo Domínguez: Sales, by region, 2008/09
Store portfolio
- Figure 21: Adolfo Domínguez: Outlet data, 2004-09
- Figure 22: Adolfo Domínguez: Outlet numbers, by banner, February 2009
Retail offering
Market positioning
Brands
- Figure 23: Adolfo Domínguez, own brand portfolio
Product offer
e-commerce and home shopping
Arcadia Group
- Figure 24: Arcadia Group Brands Ltd: Sales as share of clothing specialists in the UK, 2004-08
Strategic evaluation
Recent history
Financial performance
- Figure 25: Arcadia Group: Group financial performance, 2003/04-2007/08
Store portfolio
- Figure 26: Arcadia Group Brands Ltd: Outlet data, 2004-08
- Figure 27: Arcadia Group: Breakdown of international outlets, September 2009
- Figure 28: Arcadia Group: Breakdown of European outlets, by fascia, September 2009
Retail offering
Topshop
Market positioning
Brands/product offer
Pricing
Topman
Market positioning
Brands/product offer
Pricing
Dorothy Perkins
Market positioning
Brands/product offer
Pricing
Burton
Market positioning
Brands/product offer
Pricing
Miss Selfridge
Market positioning
Brands/product offer
Pricing
Evans
Market positioning
Brands/product offer
Pricing
Wallis
Market positioning
Brands/product offer
Pricing
e-commerce and home shopping
- Figure 29: Arcadia Group: Websites, 2009
C&A Europe
- Figure 30: C&A: Sales as share of clothing retailers' sales in Europe, 2004-08
- Figure 31: C&A Germany: Sales as share of clothing retailers' sales in Germany, 2004-08
- Figure 32: C&A Netherlands: Sales as share of clothing retailers' sales in the Netherlands, 2005-08
Strategic evaluation
History
Financial performance
- Figure 33: C&A: Group sales performance, 2005/06-2008/09
- Figure 34: C&A: Sales by country, 2008/09
- Figure 35: C&A: Share of group sales, by country, 2008/09
Store portfolio
- Figure 36: C&A: Outlet data, 2004/05-2008/09
- Figure 37: C&A, Fascias operated by C&A in Europe, April 2009
Avanti
Retail offering
Market positioning
Brands and product offer
C&A Money
Pricing
Operational issues
Advertising and marketing
e-commerce and home shopping
Diramode
Recent history
Financial performance
Store portfolio
- Figure 38: Diramode: European outlet data, 2009
Retail offering
Market positioning and product offer
Operational issues
e-commerce and home shopping
Etam Group
- Figure 39: Etam Group: Sales as share of clothing specialists' sales in Europe, 2004-08
- Figure 40: Etam Group: Sales as share of clothing specialists' sales in France, 2004-08
Recent history
Financial performance
- Figure 41: Etam Group: Group financial performance, 2004-08
Store portfolio
- Figure 42: Etam Group: Outlet data, 2004-08
- Figure 43: Etam: Outlet numbers by brand, 2006-08
Retail offering
Market positioning and brands
- Figure 44: Etam Group: Brands, 2009
Advertising and marketing
e-commerce and home shopping
Grupo Cortefiel
Strategic evaluation
Recent history
Financial performance
- Figure 45: Grupo Cortefiel: Group financial performance, 2004/05-2008/09
Sales by fascia
- Figure 46: Grupo Cortefiel: Sales by brand, year to February 2009
Store portfolio
Group
- Figure 47: Grupo Cortefiel: Outlet data, 2008 and 2009
Europe
- Figure 48: Grupo Cortefiel: European store numbers, by fascia and country, February 2008 and 2009
Retail offering
Market positioning
Product offer and brands
e-commerce and home shopping
Grupo Inditex
- Figure 49: Grupo Inditex: Sales as share of clothing specialists' sales in Europe, 2004-08
Strategic evaluation
Recent history
Financial performance
- Figure 50: Grupo Inditex: Group financial performance, 2004/05-2008/09
- Figure 51: Grupo Inditex: Sales growth, 2004/05-2008/09
- Figure 52: Grupo Inditex: Estimated sales in key European markets, 2004/05-2008/09
- Figure 53: Europe: Grupo Inditex: Sales by retail brand, 2004/05-2008/09
H1 2009/2010
- Figure 54: Grupo Inditex: Sales H1 2008/09 and 2009/10
Store portfolio
- Figure 55: Grupo Inditex: Outlet data, 2005-09
- Figure 56: Grupo Inditex: Outlet numbers, by fascia, 2004/05-2008/09
- Figure 57: Grupo Inditex: Other outlet data, by fascia, 2008/09
- Figure 58: Grupo Inditex: Stores by country and by fascia, 2008/09
Retail offering
Market positioning
Zara
Brands
Product offer
Massimo Dutti
Product offer/pricing
Bershka
Product offer
e-commerce and home shopping
- Figure 59: Grupo Inditex: Company websites, 2009
Grupo Induyco
Recent history
Financial performance
Store portfolio
- Figure 60: Grupo Induyco: Outlet data, 2004-08
Retail offering
e-commerce
H&M Hennes & Mauritz
- Figure 61: H&M Hennes & Mauritz: Sales as share of clothing specialists' sales in Europe, 2004-08
Strategic evaluation
Recent history
Financial performance
- Figure 62: H&M Hennes & Mauritz: Group financial performance, 2004-08
Sales by country
- Figure 63: H&M Hennes & Mauritz: Sales by country, 2004-08
Store portfolio
- Figure 64: H&M Hennes & Mauritz: Outlet numbers, 2004-08
- Figure 65: H&M Hennes & Mauritz: Sales per outlet, 2005-08
Retail offering
Market positioning
Product offer
Brands
- Figure 66: H&M,: Own brand portfolio, 2009
Pricing
Operations
COS
Advertising and marketing
e-commerce and home shopping
Mango Group
- Figure 67: Mango Group: Sales as share of clothing specialists' sales in Europe, 2004-08
- Figure 68: Mango Spain: Sales as share of all clothing specialists' sales in Spain, 2004-08
Strategic evaluation
Recent history
Financial performance
- Figure 69: Mango Group: Group financial performance, 2004-08
- Figure 70: Mango: Estimated performance, by major markets, 2008
Store portfolio
- Figure 71: Mango Group: Outlet data, 2004-08
- Figure 72: Mango Group: Breakdown of stores in Europe, 2005-09
Retail offering
Market positioning
Brands
Product offer
Pricing
Advertising and marketing
e-commerce and home shopping

Clothing Retailing - Spain - October 2009

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