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Look Towards A New Future

Dec 19, 2011

Leading European Home Furniture and Housewares Retailers – Company Benchmarking Analysis Report

Synopsis
This report contains a competitive company benchmarking analysis based on key financial and operating parameters and ratios of a select peer group of companies, compared to one another and to overall global averages for their retail channel. The analysis highlights the companies that are performing the best among the peer group, and in which areas, and therefore clarifies leading performance standards and the strengths and weaknesses of companies covered.

 Leading European Home Furniture and Housewares Retailers

Summary
Canadean’s ‘Leading European Home Furniture and Housewares Retailers – Company Benchmarking Analysis Report’ compares the strength of leading home furniture and housewares retailers in Europe relative to one another and the international averages for retailers in the same channel.
The benchmark analysis is based on key parameters and ratios that explain the performance of a particular company against that of its immediate peers and its overall channel of operation. As such, it provides an easy-to-use analysis which highlights the companies that are setting the benchmark performance in their channel of operation.

Scope
The report provides a peer group benchmarking analysis of leading home furniture and housewares retailers in Europe. The peer group is selected from our Retailer Company Benchmark Database which covers the leading 1,000 global retailers. The peer groups covered includes leading public home furniture and housewares retailers based in Europe.
The retailers covered in the report are:
• Howden Joinery Group Plc
• Carpetright plc
• Dunelm Group plc
• Beter Bed Holding N.V.
• Cafom S.A.
• Topps Tiles plc

Reasons To Buy
• Understand the relative competitive strengths and weaknesses of the players covered, both compared to each other, as well as for the average performance of retailers in this channel around the world.
• Detailed scorecards and summary “heat charts” provide clear, concise “at a glance” analysis of the relative performance of the companies covered across a range of metrics. While more detailed data provides the granular detail behind these concise analyses.
• Gain a detailed knowledge of the best in class performance levels amongst the retailers covered in order to benchmark both competitor performance as well as that of your own company.

Key Highlights
Howdens was the strongest performer of the leading home furniture and housewares supplies retailers in Europe.
Dunelm was the top performer under the operational efficiency pillar. However, its performance in scale and growth, and financial performance was comparable to the channel average.
Topps Tiles was the weakest performer of the leading home furniture and housewares supplies retailers in Europe. Its performance was weaker than the channel average under all the pillars.
The European home furniture and housewares retail market is highly fragmented but competitive and is dominated by UK-based retailers. The market is predominantly served by specialized, small private independent stores.

Table of Contents
1 Introduction
1.1 What is this Report About?
1.2 Peer Group
1.3 Retail Channel Definitions
1.4 Financial and Operational Metric Definitions
1.5 Summary Methodology
1.5.1 Overall Research Methodology
1.5.2 Scorecard and Heat Chart Methodology
2 Peer Group Summary Analysis
2.1 Leading European Home Furniture and Housewares Retailers – Heat Chart
2.2 Leading European Home Furniture and Housewares Retailers – Insights from Competitive Benchmarking Analysis
2.2.1 Scale and growth competitive benchmarks
2.2.2 Operational efficiency competitive benchmarks
2.2.3 Financial performance competitive benchmarks
2.3 Howden Joinery Group Plc – Company Benchmarking Scorecard
2.4 Dunelm Group plc – Company Benchmarking Scorecard
2.5 Beter Bed Holding N.V. – Company Benchmarking Scorecard
2.6 Cafom S.A. – Company Benchmarking Scorecard
2.7 Carpetright plc – Company Benchmarking Scorecard
2.8 Topps Tiles plc – Company Benchmarking Scorecard
3 Leading European Home Furniture and Housewares Retailers – Company Benchmarking
3.1 Scale and Growth Competitive Benchmarks
3.1.1 Leading European home furniture and housewares retailers by revenue, 2006–2010
3.1.2 Leading European home furniture and housewares retailers by revenue growth, 2007–2010
3.1.3 Leading European home furniture and housewares retailers by retail floor space, 2006–2010
3.1.4 Leading European home furniture and housewares retailers by retail floor space growth, 2007–2010
3.1.5 Leading European home furniture and housewares retailers by store count, 2006–2010
3.1.6 Leading European home furniture and housewares retailers by store count growth, 2007–2010
3.1.7 Leading European home furniture and housewares retailers by employee count, 2006–2010
3.1.8 Leading European home furniture and housewares retailers by employee count growth, 2007–2010
3.1.9 Leading European home furniture and housewares retailers by market capitalization, 2006–2010
3.2 Operational Efficiency Competitive Benchmarks
3.2.1 Leading European home furniture and housewares retailers by EBITDA margin, 2006–2010
3.2.2 Leading European home furniture and housewares retailers by net profit margin, 2006–2010
3.2.3 Leading European home furniture and housewares retailers by inventory turnover, 2006–2010
3.2.4 Leading European home furniture and housewares retailers by sales per square meter, 2006–2010
3.2.5 Leading European home furniture and housewares retailers by operating profit per square meter, 2006–2010
3.2.6 Leading European home furniture and housewares retailers by sales per employee, 2006–2010
3.2.7 Leading European home furniture and housewares retailers by operating profit per employee, 2006–2010
3.2.8 Leading European home furniture and housewares retailers by fixed asset turnover, 2006–2010
3.3 Financial Performance Competitive Benchmarks
3.3.1 Leading European home furniture and housewares retailers by ROCE, 2006–2010
3.3.2 Leading European home furniture and housewares retailers by return on assets, 2006–2010
3.3.3 Leading European home furniture and housewares retailers by earnings per share (basic), 2006–2010
3.3.4 Leading European home furniture and housewares retailers by P/E ratio, 2006–2010
3.3.5 Leading European home furniture and housewares retailers by quick ratio, 2006–2010
3.3.6 Leading European home furniture and housewares retailers by debt to equity, 2006–2010
3.3.7 Leading European home furniture and housewares retailers by debt ratio, 2006–2010
3.3.8 Leading European home furniture and housewares retailers by capital expenditure, 2006–2010
3.3.9 Leading European home furniture and housewares retailers by EV/sales, 2006–2010
3.3.10 Leading European home furniture and housewares retailers by EV/EBITDA, 2006–2010
3.3.11 Leading European home furniture and housewares retailers by interest coverage, 2006–2010
4 Appendix
4.1 About Canadean
4.2 Disclaimer

List of Tables
Table 1: List of Home Furniture and Housewares Retailers in Europe, 2010
Table 2: Retail Channel Definitions
Table 3: Financial and Operational Metric Definitions
Table 4: List of Company Benchmarking Metrics by Pillar
Table 5: Sample Company Benchmarking Scorecard
Table 6: Howden Joinery Group Plc – Company Benchmarking Scorecard
Table 7: Dunelm Group plc – Company Benchmarking Scorecard
Table 8: Beter Bed Holding N.V. – Company Benchmarking Scorecard
Table 9: Cafom S.A. – Company Benchmarking Scorecard
Table 10: Carpetright plc – Company Benchmarking Scorecard
Table 11: Topps Tiles plc – Company Benchmarking Scorecard
Table 12: Leading European Home Furniture and Housewares Retailers by Revenue (US$ Million), 2006–2010
Table 13: Leading European Home Furniture and Housewares Retailers by Revenue Growth (%), 2007–2010
Table 14: Leading European Home Furniture and Housewares Retailers by Retail Floor Space (Thousand Square Meters), 2006–2010
Table 15: Leading European Home Furniture and Housewares Retailers by Retail Floor Space Growth (%), 2007–2010
Table 16: Leading European Home Furniture and Housewares Retailers by Store Count, 2006–2010
Table 17: Leading European Home Furniture and Housewares Retailers by Store Count Growth (%), 2007–2010
Table 18: Leading European Home Furniture and Housewares Retailers by Employee Count, 2006–2010
Table 19: Leading European Home Furniture and Housewares Retailers by Employee Count Growth (%), 2007–2010
Table 20: Leading European Home Furniture and Housewares Retailers by Market Capitalization (US$ Million), 2006–2010
Table 21: Leading European Home Furniture and Housewares Retailers by EBITDA Margin (%), 2006–2010
Table 22: Leading European Home Furniture and Housewares Retailers by Net Profit Margin (%), 2006–2010
Table 23: Leading European Home Furniture and Housewares Retailers by Inventory Turnover, 2006–2010
Table 24: Leading European Home Furniture and Housewares Retailers by Sales per Square Meter (US$), 2006–2010
Table 25: Leading European Home Furniture and Housewares Retailers by Operating Profit per Square Meter (US$), 2006–2010
Table 26: Leading European Home Furniture and Housewares Retailers by Sales per Employee (US$), 2006–2010
Table 27: Leading European Home Furniture and Housewares Retailers by Operating Profit per Employee (US$), 2006–2010
Table 28: Leading European Home Furniture and Housewares Retailers by Fixed Asset Turnover, 2006–2010
Table 29: Leading European Home Furniture and Housewares Retailers by ROCE (%), 2006–2010
Table 30: Leading European Home Furniture and Housewares Retailers by Return on Assets (%), 2006–2010
Table 31: Leading European Home Furniture and Housewares Retailers by Earnings per Share (Basic) (US$), 2006–2010
Table 32: Leading European Home Furniture and Housewares Retailers by P/E Ratio, 2006–2010
Table 33: Leading European Home Furniture and Housewares Retailers by Quick Ratio, 2006–2010
Table 34: Leading European Home Furniture and Housewares Retailers by Debt to Equity, 2006–2010
Table 35: Leading European Home Furniture and Housewares Retailers by Debt Ratio, 2006–2010
Table 36: Leading European Home Furniture and Housewares Retailers by Capital Expenditure (US$ Million), 2006–2010
Table 37: Leading European Home Furniture and Housewares Retailers by EV/Sales, 2006–2010
Table 38: Leading European Home Furniture and Housewares Retailers by EV/EBITDA, 2006–2010
Table 39: Leading European Home Furniture and Housewares Retailers by Interest Coverage, 2006–2010
List of Figures
Figure 1: Sample Heat Chart
Figure 2: Leading European Home Furniture and Housewares Retailers – Heat Chart
Figure 3: Top Five European Home Furniture and Housewares Retailers by Revenue (US$ Million), 2006–2010
Figure 4: Top Five European Home Furniture and Housewares Retailers by Revenue Growth (%), 2007–2010
Figure 5: Top Five European Home Furniture and Housewares Retailers by Retail Floor Space (Thousand Square Meters), 2006–2010
Figure 6: Top Five European Home Furniture and Housewares Retailers by Retail Floor Space Growth (%), 2007–2010
Figure 7: Top Five European Home Furniture and Housewares Retailers by Store Count, 2006–2010
Figure 8: Top Five European Home Furniture and Housewares Retailers by Store Count Growth (%), 2007–2010
Figure 9: Top Five European Home Furniture and Housewares Retailers by Employee Count, 2006–2010
Figure 10: Top Five European Home Furniture and Housewares Retailers by Employee Count Growth (%), 2007–2010
Figure 11: Top Five European Home Furniture and Housewares Retailers by Market Capitalization (US$ Million), 2006–2010
Figure 12: Top Five European Home Furniture and Housewares Retailers by EBITDA Margin (%), 2006–2010
Figure 13: Top Five European Home Furniture and Housewares Retailers by Net Profit Margin (%), 2006–2010
Figure 14: Top Five European Home Furniture and Housewares Retailers by Inventory Turnover, 2006–2010
Figure 15: Top Five European Home Furniture and Housewares Retailers by Sales per Square Meter (US$), 2006–2010
Figure 16: Top Five European Home Furniture and Housewares Retailers by Operating Profit per Square Meter(US$), 2006–2010
Figure 17: Top Five European Home Furniture and Housewares Retailers by Sales per Employee (US$), 2006–2010
Figure 18: Top Five European Home Furniture and Housewares Retailers by Operating Profit per Employee (US$), 2006–2010
Figure 19: Top Five European Home Furniture and Housewares Retailers by Fixed Asset Turnover, 2006–2010
Figure 20: Top Five European Home Furniture and Housewares Retailers by ROCE (%), 2006–2010
Figure 21: Top Five European Home Furniture and Housewares Retailers by Return on Assets (%), 2006–2010
Figure 22: Top Five European Home Furniture and Housewares Retailers by Earnings per share (basic) (US$), 2006–2010
Figure 23: Top Five European Home Furniture and Housewares Retailers by P/E Ratio, 2006–2010
Figure 24: Top Five European Home Furniture and Housewares Retailers by Quick Ratio, 2006–2010
Figure 25: Top Five European Home Furniture and Housewares Retailers by Debt to Equity, 2006–2010
Figure 26: Top Five European Home Furniture and Housewares Retailers by Debt Ratio, 2006–2010
Figure 27: Top Five European Home Furniture and Housewares Retailers by Capital Expenditure (US$ Million), 2006–2010
Figure 28: Top Five European Home Furniture and Housewares Retailers by EV/Sales, 2006–2010
Figure 29: Top Five European Home Furniture and Housewares Retailers by EV/EBITDA, 2006–2010
Figure 30: Top Five European Home Furniture and Housewares Retailers by Interest Coverage, 2006–2010