Abstract
Overview
Introduction
Verdict Research: After years of explosive growth, Spain' s housing market has
started to contract propelling Spanish retailing into a new phase. Whereas
price has been the dominant issue in grocery and clothing for years, now the
other sectors will feel the full impact of the discount bug against a
toughening outlook for the home related sectors specifically.
Scope
- This report provides accurate insights into key trends, future
developments and discusses the strategies of the main operators in the market.
- Proprietary data on market value, specialists sales and growth. 2002-2007
data for six different retail sectors and overall value data for Spain.
- Detailed sector analysis for grocery, DIY, electricals, furniture,
clothing (including department stores) and out-of-town retailing is provided.
- Market shares for leading retailings in each sector and insightfull
analysis into their operating strategies.
Report Highlights
On the back of buoyant growth in the past, Spain' s GDP has overtaken Italy and
is now a mature economy. While this has given cause for celebration and is
apart from Spain' s hard work also testament to the success of the EU, its
integrative powers and its common market, a new chapter in Spanish history has
been opened.
Spain' s housing market has gone into reverse and the bubble has finally burst.
While Spanish banks on the whole have been prudent and not participated in the
sub prime folly, they rely on wholesale funding for much of the credit they
extend to the construction sector. In times of the credit crunch the access to
easy money has dried up.
Despite all this doom and gloom we see a number of opportunities in Spanish
retailing: the liberalization of pharmacies regulations, a still
underdeveloped Out Of Town sector and more hypermarket development, and the
severely underdeveloped multi channel offer will present significant growth
avenues.
Reasons to Purchase
- Understand strategic issues in the market, retailers' responses and our
recommendations on how retailers must cope with the changing market.
- Learn about major Spanish players including Cortefiel, El Corte Ingles,
Eroski, Grupo Rey, Grupo Prometheus, Inditex, Mango, Mercadona, Merkamueble
- Discover how the market and retailers' future initiatives will develop.
Find growth opportunities in specific sectors and identify the key threats.
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