DB 德银：北美零售行业深度研究报告

Retail LBO Screen Revisited

－Another look at LBO candidates

112页 13 February 2007 2.43M

Table of Contents
Executive summary ........................................................................... 3
What’s changed since our last report? ............................................ 7
Our LBO model revisited ................................................................ 12
The proof will be in the IPO pudding............................................. 18
Hardline retailers ............................................................................. 20
Auto parts......................................................................................... 21
Book retailers ................................................................................... 27
Consumer electronics ..................................................................... 32
Dollar stores..................................................................................... 38
Home furnishings ............................................................................ 45
Home centers................................................................................... 55
Office products ................................................................................ 58
Pet supply......................................................................................... 65
Sporting goods ................................................................................ 67
Broadline retailers ........................................................................... 72
Department stores........................................................................... 73
Discount stores................................................................................ 91
Warehouse Club stores ................................................................... 96
Drug stores..................................................................................... 100