Retailer Directory, Retail Database,Retailer Information, UK

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					          December 2009 Update

The       For the first time since July of this year, the number of retail administrations has risen above that of
Summary   new market entrants, with 5 – Pubs N Bars, Escada (pre-pack), Borders, Head and Virgin Vie -
          falling to the wayside this month.

          New market entrants are Out The Closet, Mackintosh and KidRobot.

                                              Birth and Death of Retailers






                           Dec- Jan- Feb- Mar- Apr- May- Jun-     Jul- Aug- Sep- Oct- Nov- Dec-
                             08  09   09   09   09   09   09       09   09   09   09   09   09

                                              In Administration   New Retailers

          In the news…

          A definite mixed bag of news this month;

          The Good

                      •    Expansion is on the cards for Astley Clark, Baguette Express, Bargain Booze,
                           Dreams, Hobbycraft and Mills Group
                      •    New formats have been announced as Comet and M&S launch mobile sites and
                           Gieves and Hawkes take their website transactional

          The Bad

                      •    Nokia has been forced to close its flagship store on Regent Street due to
                           competition from market leader Apple across the road
                      •    The Envy name to disappear from the high street, as up to 12 underperforming
                           stores are closed and the remainder are rebranded to Tom Wolfe
          The Ugly

                      •    All Saints are issuing legal proceedings against River Island claiming copyright
                      •    New Look has been found guilty of causing the Oxford Street fire two years ago

          It seems that when they are good they are very, very good but when they are bad they are horrid…

          It’s the same in the Statistics section, with House Prices up 0.5% MoM, BRC retail sales up 4.1%
          YoY but Consumer Confidence down 4 points and Ireland still suffering as CSO reports the value
          of retail sales 11.8% lower YoY. The FSP view of the current Clothing & Footwear market is
          supported by ONS Retail Sales showing a mere 0.4% increase YoY this month.

Geoff’s   The Golden Rule
          “Do as you would be done by” is an ethical code that has its roots in a wide range of world cultures,
          present in the philosophies of ancient India, Greece, Judea and China. It is based on the
          understanding of the human condition expressed by John Donne as, “No man is an island, entire of
          itself …- any man's death diminishes me, because I am involved in mankind; and therefore never
          send to know for whom the bell tolls; it tolls for thee." We are indeed social animals.

          There is a view that the current economic situation was precipitated and is perpetuated by a failure
          within society in general and particularly in the financial community, to maintain the Golden Rule.
          For those who are not retailers, the upcoming break from normal routine may provide space to
          reflect on whether the ethic of reciprocity is really still relevant to our society. If it is, is there a
          personal responsibility to reflect it in the way I conduct my life and business? None of this is easy
          but as Edmund Burke reminds us, "All that is necessary for the triumph of evil is that good men do

          With these merry thoughts ringing in my head, I wish you a happy holiday and a prosperous New

          With kind regards

          Geoff Nicholson
          Managing Director, FSP

New Retailers
Kidrobot             has opened its first standalone European store at Seven Dials in Covent Garden

Out The Closet       by pop singer Elton John’s Aids Foundation is to open a ‘pop-up shop’ at Covent
                     Garden for two weeks

Woolworths(   may return to the high street as a 200-store chain as brand owner Shop Direct
                     considers launching a bricks and mortar franchise strategy

Store News
Amazon               has denied a report in The Sunday Times that it plans to open physical stores in the UK

Baguette Express     is planning to open 30 new franchised sandwich stores in the Greater Manchester area

Bargain Booze        is looking to double the size of its chain of 610 franchised drinks stores over the next
                     five years

Debenhams            is to open in Vietnam as it seeks to bolster its international portfolio

Debenhams            has become the first non-food retailer to offer a cash-back service

Domino's Pizza       opened its 600th outlet in the UK and Ireland this month

Dreams               has embarked on an expansion plan to open 40 shops over the next two years

Dune                 has unveiled a multi-brand mens-only footwear store in London's West End under the
                     Chelsea Cobbler name it acquired as part of its rescue of Shoe Studio Group earlier
                     this year

Haldane Stores       has announced the acquisition of 13 new outlets across the UK as its expansion plans
                     kick into gear

Hobbycraft           plans to quadruple the size of its business to 180 stores over the next few years

Hollister            is to roll out a new high street retail format in the UK

Jones Bootmakers     has launched a new-look store at its Milton Keynes branch

Josef Seibel         is looking for a franchise partner to open 10 stores in major towns in the UK and
                     Republic of Ireland in the next five years

Holland & Barrett    is to overhaul health food shop Julian Graves' brand and product range from January,
                     as it gears up to make the chain a "specialist food retailer"

Kookai               is opening a new-look store as part of its repositioning to expand in the UK

M&Co                 has unveiled a new-look store concept and pushed the button on a 2010 expansion

Mackintosh           is to open its first standalone store in London

Mamas & Papas        has signed a deal with Shop Direct Group to sell its maternitywear through the
            and channels

Mills Group              is looking to expand its Tyneside-based chain of 82 convenience stores with up to ten
                         new outlets a year

Musto                    has opened a concession in the London Regent Street branch of menswear chain
                         Austin Reed

Nokia                    has been forced to close its flagship Regent Street store due to competition from an
                         Apple store across the road

Paperchase               has insisted it will remain largely unaffected by the administration of Borders UK despite
                         operating 38 concessions in the collapsed chain

Pets at Home             plans to open 200 out-of-town warehouses

Phones 4 U               plans to ramp up its store refits in the new year with the aim of completing the whole
                         chain by the middle of 2010

Phones 4 U               is to extend its trial with DSG International with the opening of a second concession
                         within the Currys Megastore in Thurrock, Lakeside

Supergroup               is to make its standalone retail debut in the Republic of Ireland despite the troubled Irish
                         trading climate

Tesco Stores UK          plans to open 500 instore phone shops, from 100 currently, with 200 scheduled to be
                         up and running by the end of 2010

Toast                    has opened a pop-up store in Cheltenham that will become permanent in February

Waitrose                 is extending a deal to open outlets in Welcome Break-run motorway service stations

Internal Restructuring
Blacks Leisure Group     Company Voluntary Arrangement (CVA) has been approved by 98% of its landlords at
                         a creditors meeting

Dunelm Mil               founder Bill Adderley has offloaded more shares in the family-run business, transferring
                         around a 10% share of the retailer to his son and Dunelm chief executive Will

Envy                     is to shut up to 12 underperforming stores and rebrand its remaining shops to Tom
                         Wolfe in the new year

Flannels                 has announced the approval of a Company Voluntary Arrangement (CVA) proposal that
                         will save 12 stores but see three others close

French Connection        is weighing up possible further store closures

John Lewis Direct        will be integrated with the chain’s department store business to create a "joined-up
                         customer objective"

Kurt Geiger              has relaunched its upmarket sub-brand of the same name as a top-end, better-quality
                         footwear collection

Marks & Spencer          plans to buy back £225 million (USD367.29 million) of corporate bonds

Marks & Spencer          has re-introduced fresh food counters including a butcher and fishmonger at two of its
                         stores (Bluewater, Dartford and Meadowhall, Sheffield) on a trial basis

Superdrug                  plans to launch a loyalty card in the UK next year

Financial Restructuring
Astley Clarke              is considering seeking further investment next year to bolster growth

Borders                    has appointed MCR as administrator to Borders UK. All stores are expected to close by
                           Christmas Eve, though takeover talks for some stores are underway

Cath Kidston               is looking for a new majority owner. The new funds will reportedly back an aggressive
                           expansion strategy in the Far East

Effective Cosmetics        have decided that they can not keep the Virgin Vie retail stores operating and have
                           closed about half so far. The remainder will close from next month, once they run out of
                           stock or available staff

Escada                     has been bought by Subco Limited, the wholly-owned subsidiary of the Mittal Trust

First Quench Retailing     administrator KPMG has sold the Wine Rack brand and 14 shops to wholesaler Venus
(Thresher Group)           Wine & Spirit Merchants. Several other areas of the chain have also been sold, though
                           no buyer for the complete business has been found

Habitat                    new owners Retail Investments, a consortium headed by Hilco, say they have no plans
                           to shut any stores

Head                       is understood to be closing its four stores less than a year after opening

JD Sports Fashion          has sold its remaining stake in rival retailer JJB Sports

Jessops                    will be de-listed from the London Stock Exchange before Christmas, it was reported

Leekes (J H Leeke & Sons   has acquired Cole's Home Furnishings, the operator of three furniture stores in Bilston,
Ltd)                       Bedworth and Fenton, and will create a department store format at each site

Matalan                    has received first-round bids from five top private equity groups

Premium Bars &             is close to being rescued from administration by GI Partners

Pubs N Bars                has fallen into the hands of administrators and is preparing to slough off some of the
                           weaker outlets in its 87-strong portfolio of community pubs mostly in the South East of

Whitbread PLC              has reached a deal with the board of coffeeheaven international to buy the chain, which
                           will be managed as a subsidiary of the group’s Costa division

Agent Provocateur          is to broaden its target customer group and develop more commercial collections under
                           the guidance of Kim Winser

All Saints                 chief executive Stephen Craig said he would "ferociously" protect the retailer's creativity
                           as the company issued a writ against high street retailer River Island. They have also
                           issued similar to Arcadia

Anthropologie              UK debut has been hailed a success by parent Urban Outfitters

ASDA                has vowed not to add the UK VAT increase to existing stock of clothing in the New Year
                    when the rate goes back to 17.5%

ASDA                has won the rights to sell official World Cup products next summer after its parent
                    Walmart struck a deal with FIFA’s worldwide master licensee

ASOS                is gearing up to launch The Green Room, a new section on its site to target ethically
                    minded shoppers and boost ASOS's ethical credentials

Burberry            is poised to enter a joint venture with Indian fashion retailer Genesis Colors, pending
                    government approval in India

Burton              will axe its premium Black Label for spring 10 after three years

Chanel              has had accusations of stealing from a knitwear supplier thrown out by a French court

Comet               has launched its first mobile phone site, allowing customers to reserve items and collect
                    products from their nearest store

DSG International   is reportedly to sue its own legal advisers for as much as €1m over alleged mistakes in
                    closing down the retailer’s business in France

Fast food           The Local Data Company has reported the number of fast-food chains in the top 10 UK
                    cities climbed 8.2% in the year to October - 6.6% more than the previous year

Germany             has emerged as the number one target for retailers looking to expand their international
                    presence in Europe, the Middle East and Africa in 2010

Gieves & Hawkes     will launch a transactional website in December

Harrods             is to sell emerging designers via a new area on the luxury department store's website
                    called Harrods Launches

HMV                 could make a bid for its live-music partner Mama Group, which is currently the subject
                    of a takeover bid from its largest investor

Hugo Boss           backer Permira will not exit the menswear giant for at least a couple of years

Irish shoppers      claim to avidly check receipts to make sure that they are not being ripped off – however
                    over 50% of shoppers still do not ask for a receipt if they are not automatically provided
                    with one

Key staff changes   have occurred at the following retailers this month; Aldi, Aurora Fashions, Crew
                    Clothing, Amazon, John Lewis, Morrisons, Ascension, HMV, JJB Sports, Agent
                    Provocateur, New Look and Sports Direct International

Liberty of London   has confirmed it has signed a deal with US value chain Target to create a range of
                    clothing and accessories for the store

Louis Vuitton       has opened in Macau’s One Central retail and residential development as part of its
                    planned expansion across the Asia Pacific region

Marks & Spencer     is launching a mobile gift website featuring characters from Wallace and Gromit

Mobile Retailing     One in three UK consumers has tried to shop from their mobile phone but 28% of those
                     shoppers have found it difficult, according to research

Natuzzi              has denied involvement in alleged price fixing, for which it has been reported to the
                     Office of Fair Trading

New Look             has been found guilty of causing the Oxford Street fire two years ago which gutted the

Nokia                has been forced to close its flagship Regent Street store due to competition from an
                     Apple store across the road     is buying 50 more electric vans for its online grocery delivery service, giving it the
                     world’s biggest fleet of electric vehicles

Supermarkets         non-food sales are expected to increase by 40% to £16.2bn in 2014, representing
                     nearly 10p in every pound spent in the grocers

Tesco plc            has launched a legal challenge against a subsidiary of Mike Ashley’s Sport’s Direct,
                     after the supermarket giant overpaid for some bicycles

Tesco Stores UK      has launched a shop on eBay to sell faulty customer returns that have been repaired
                     along with discontinued electronic lines

The British Retail   is braced to launch a campaign to ban upward-only rent reviews if its members demand
Consortium           it, after the Irish government scrapped the reviews

Westfield            faces the threat of a second revolt this year by retailers at its Shepherd’s Bush, west
                     London, shopping centre over service charges

Wet weather          in November dampened sales across Britain's leading pub and restaurant groups,
                     according to latest figures

Cadena               is thought to have bought the 86,000sq ft Maesglas Retail Park in Newport on behalf of
                     Threadneedle for £12.6m

CIS                  has sold the Clyde Shopping Centre, near Glasgow, for £69m

Costcutter           and the Endless private equity firm have both ruled themselves out of the remaining
                     500 stores from the First Quench Retailing portfolio

Hammerson            has been appointed preferred buyer of the £300m Silverburn shopping mall near
                     Glasgow in a joint venture with Canada Pension Plan

Henderson Global     and Invista Real Estate Investment Management are to remarket Princes Quay
Investors            Shopping Centre in Hull, following the collapse of a £65m sale to Hull-based investor
                     Manor Property Group

Land Securities      has bought Yorkshire developer Caddick Developments' 25% stake in Trinity Leeds

Poundland            opened its 250th store on 3 December

Tesco plc            plans to build its largest store in Ireland have been rejected on appeal


UK Overview
ONS Retail   The value of retail sales in November at current prices not seasonally adjusted, increased 2.5% YoY, changing
Sales        the 3 month moving average to 2.6%, from 2.4% in October. Value of sales through food stores in November
             increased by 3.4% YoY, compared with 3.8% in October. The value of sales through non-food stores was up
             0.7% YoY, down from 1.8% last month.
             As always, Non-Store Retailing & Repair was the best performing sector, with a YoY increase of 9.7%. After a
             reasonable increase of 3.4% YoY in October, Clothing & Footwear stores showed only a marginal increase of
             0.4% YoY in November.

             Please see the Retail & Economic Statistics page on SnapShop for more historical detail
Internet   Data from ONS for November were unavailable, therefore based on BRC figures, non-food non-retail sales
Retail     were 16.9% higher in November YoY.
                                        %                     Internet Sales YOY % Change





                                            No v- Dec- Jan- Feb- M ar- A pr- M ay- Jun-   Jul- A ug- Sep- Oct- No v-
                                             08    08   09   09   09    09    09    09     09   09    09   09   09

                                                        ONS YoY % Change         BRC YoY % Change

           NB: ONS have recently adjusted historical figures, but have given data only back to October 2008. BRC started reporting in April 2009.

BRC        Year-on-Year (YoY) total UK retail sales values in November increased 4.1%, while like-for-like (LfL) sales
Retail     increased 1.8%.

           Retail sales in central London in November were 13.3% higher on a like-for-like basis than a year ago, when
           sales had fallen 0.4%, as financial turmoil hit consumer confidence – especially in the City. November's
           growth was the best since October 2006.

           Please see the Retail & Economic Statistics page on SnapShop for more historical detail

Pedestrian   SPSL’s Retail Traffic Index for November increased by 1% MoM against October, and 0.8% against
Flows        November 2008. Experian FootFall reported a MoM increase of 7.5% and a YoY decrease of 1.9%

                                                     Pedestrian Flows - Year-on-Year Change





                                                                    SPSL (YoY)     FootFall (YoY)
                                          Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov-
                                           08 08 08 09 09 09 09 09                 09 09 09       09 09 09

             In November 2008, FootFall adjusted their benchmarking, and provided revised historical data, as included above.

Interest     In December, the Bank of England’s Monetary Policy Committee once again voted to maintain the official
Rates        Bank Rate paid on commercial bank reserves at 0.5%.

                                      %                         Bank of England - Base Rate



                                           Jan- Feb- Mar- Apr- May- Jun-          Jul- Aug- Sep- Oct- Nov- Dec-
                                            09   09   09   09   09   09            09   09   09   09   09   09

             Please see the Retail & Economic Statistics page on SnapShop for more historical detail

Inflation   In the year to November, the consumer prices index (CPI) rose by 1.9%, up from 1.5% in October. The more
            familiar RPI (Retail Prices Index) increased, from -0.8% in October, to 0.3% in November.

                                      %                              UK Inflation (CPI v RPI)           CPI     RPI








                                           Dec- Jan- Feb- Mar- Apr- May- Jun-              Jul- Aug- Sep- Oct- Nov-
                                            08   09   09   09   09   09   09                09   09   09   09   09

House       According to the Nationwide index, the price of a typical house rose by 0.5% in November MoM. At
Prices      £162,764, the average price of a typical UK property was 2.7% higher than a year earlier.

            NB: YoY figures refer to left hand scale, MoM statistics refer to right hand scale.

            Please see the Retail & Economic Statistics page on SnapShop for more historical detail

Consumer     The GfK NOP Consumer Confidence Index fell by 4 points during November to -17. After a fairly steady rise
Confidence   throughout 2009 the index is 20 percentage points above where it was at the start of the year, but this month
             is the first time the index has fallen for over a year.

             Please see the Retail & Economic Statistics page on SnapShop for more historical detail

Ireland Overview
CSO Retail   At time of writing, the most recently published data were October, when the value of retail sales in current
Sales        prices, not seasonally adjusted, was 11.8% lower YOY, decreasing the moving YOY 3 month figure to -11%
             from -10.5% in September.
             The value of food sales in October decreased to -7.3% YOY, and the value of non-food sales decreased to
             -17% from -16.4% the previous month.

             Please see the Retail & Economic Statistics page on SnapShop for more historical detail

Inflation in   In Ireland, HICP remained at -2.8% in November, while CPI increased, to -5.7%.

                                          %                         Irish Inflation (HICP v CPI)
                                               Dec- Jan- Feb- Mar- Apr- May- Jun-          Jul- Aug- Sep- Oct- Nov-
                                                08   09   09   09   09   09   09            09   09   09   09   09

                                                                                 HICP        CPI

               Please see the Retail & Economic Statistics page on SnapShop for more historical detail.

And Finally…

Butt of a Joke

The North Face Apparel Corp has apparently filed a federal court lawsuit in St Louis against parody brand The
South Butt.

The brand, started by a college student to help pay for his fees, sells t-shirts, fleece jackets and sweatshirts
with the tagline “Never Stop Relaxing”.

The cease and desist request apparently stated that the companies’ logos are similar enough to cause
“confusion”. Honestly now, when was the last time you confused your face with your butt…?

Other mildly amusing parodies discovered when researching this article include; DeadBull to RedBull; Naïve to
Evian; and Nescrape to Nescafe!

FSP has gone to its best efforts to ensure this data is correct but the author reserves the right not to be responsible for the accuracy of information provided.

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                                                                 Hughenden Avenue
                                                                    High Wycombe
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                                                               Tel: 01494 474740


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