Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at firstname.lastname@example.org in case you need any other additional information.
Sustained economic recovery and rising consumer confidence will drive steady overall revenue and earnings growth for European retailers into 2018, said the 'Retail - Europe: Moderate Overall Sales and Continued Earnings Growth Support Stable Outlook' report by Moody's investors service.
“Following the Brexit vote, UK clothes retailers could find it tough to fully pass on cost increases incurred as a result of sterling's weakness. This is because we expect the market to remain highly promotional, with plenty of discounting, as volumes so far this year have been hit by unseasonal weather, shifting consumer spending and weak consumer sentiment around the time of the vote,” said David Beadle, vice president - senior credit officer, Moody's and the report's author.
The report noted that earnings growth rates will differ across individual countries and segments in Europe, with UK retailers facing a less confident overall outlook than some of their peers due to the added pressure by the Brexit vote.
Moody's also predicted higher average annual EBITDA (or Earnings Before Interest, Taxes, Depreciation and Amortization) growth of approximately 4.3 per cent for rated issuers as some firms may benefit from store roll-out plans or mergers and acquisitions (M&A) cost savings.
On a country-by-country basis, large Russian retailers will continue to report double-digit revenue growth, added the report. Spanish revenues will grow 3 per cent as the country continues to recover from recession. Annual revenue growth in Germany, France and the Netherlands will be 1.5 per cent to 2 per cent as their economies recover. Italian annual revenue growth will remain subdued at around 1 per cent.
Customers' growing demand for convenience and value will result in the growth of online sales penetration, while both discounters and specialists across segments will continue to win market share from mid-market generalists.
“European retailers perceived as offering superior value at various points across the price spectrum, for example affordable luxury players, will outperform those perceived to offer mediocre products at less attractive prices,” added Beadle. (KD)
Fibre2Fashion News Desk – India
| On 24th Nov 2020
The UK and Canada have locked in their existing trading relationship, ...
A 'no deal' Brexit would have a detrimental impact on the textile and ...
| On 24th Nov 2020
The impact of COVID-19 on garment sector women has worsened due to...
Fashion industry likely to remain labour-intensive in coming years
Every fifth sale we make on Zapyle is a repeat purchase
e-Commerce is still evolving fast with constant flux and surprises
Ravi Raj Desai
Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...
Switzerland-based Benninger is a leading manufacturer of technologically...
Founded in 2014, Fizzy Goblet is a Delhi / NCR based handcrafted leather...
Loomia designs and manufactures soft circuit systems that can be produced...
Larry L Kinn
Larry L Kinn, Senior Vice President - Operations Americas of Suominen...
Coating at a fibre level is a practice not usually seen in the...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
Divvya and Nidhhi Gambhir
<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...
Sonam & Paras Modi
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.