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1、UKClothingRetailDeutscheBankMarketsResearchEuropeIndustryDateUnitedKingdom13February2018UKClothingRetailRetailRetail-NonFoodIndustryUpdateAsflatasapancakeJainaMistryUKClothingmarketflatover12weeksto14January2018...ResearchAnalystTheKantarWorldPaneldatatodayshowsasignificantimprovementintheU
2、KclothingmarketandbetterfullpricetrendsatNextbutadeteriorationat+44-20-754-71337Debenhams.Theperiodhas3weeksofunreporteddataforNext,2weeksforWarwickOkinesM&SandDebenhams,and1weekforPrimark,sothedataismoreinterestingforResearchAnalystitsgranularityratherthanprovidingnewdataonrecenttrends.
3、Insidewelookat+44-20-754-58546thechannelshiftonlineforspecificretailersoverQ42017.CharlieMuir-Sands,CFA...drivenbyimprovedvolumetrendsResearchAnalystThemarketimprovementfrom-2.1%over12weeksto17December2017to+44-20-754-75749flatinthe12weeksto14January2018wasdrivenbybettertrendsacrosseachcat
4、egory.Volumesstabilisedovertheperiodto-0.2%from-1.8%inthepriorRichaJainperiod.WebelievetheimprovementwasduetoastrongerfirsthalfofJanuaryResearchAssociatereplacingachallengingfirsthalfofOctober.Themarketremainedpromotional,withdiscountedsales(+4.9%)offsettingfullpricesales(-3.5%).ToppicksABF
5、oods(ABF.L),GBP2,630.00BuyNextwasthefullpricewinner,andbettertrendsatM&SSource:DeutscheBankNextlost10bpsofshareoverall,interestinglyagaindrivenbylargelossesinkidswear(-122bps).Itgained20bpsoffullpriceshare(fromflatinthepriorperiod)andsawthestrongestfullpricegainamongitspeersovertheperiod.
6、M&Sgained+9bpsoftotalshare,whichremarkablyisthestrongestsharegainonourrecords,whichgobacktoSeptember2012.AsweshowinFigure6,M&S'sharetrendsonatwoyearstackhavesignificantlyimproved.Thesharegain,however,waslowquality,drivenbygainsindiscountedspend(+59bps).M&Slost7bpsoffullpriceshare,from-36b
7、psinthepriorperiod.TrendsatPrimarkandDebenhamsremainedunchanged.Primarkgained+28bpsofsharevs+31bpsinthepriorperiod.Debenhamsgained+4bpsoftotalshare,whileitsfullpricetrendscontinuedtodeteriorateandreflectedpromotionalpeaktrading.Itlost30bpsoffullpriceshare,whichisitslargest
