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What’s happening in retail & with brands – trends for week ending 6th April 2012

April 10, 2012

Company Results

- The Co-operative Motor Group have reported a 4% increase in sales to £277m from £267m for the year to 31 December 2011. (Source: AM Online)
Feather & Black have reported a 10% increase in sales to £14.4m for the six months to 01 April 2012. Like-for-like sales increased by 2% for the same period. (Source: Retail Week)
H&M have reported a 13% increase in Group sales £2.6bn for the 3 months to 29 February 2012. UK sales increased by 21% to £224.1m for the same period. (Source: Retail Week)

- Halfords Group have reported a 0.3% increase in sales for the 13 weeks to 30 March 2012.

Clothing, Footwear & Accessories

- It is reported that Aquascutum have plans to sell their business. (Source: Sunday Times)
– Luxury swimwear retailer, Orlebar Brown, are to open a flagship store on Vigo Street in London as part of their plans to expand during 2012. (Source: Retail Week)

- Blacks Leisure Group have announced plans to rebrand their businesses which includes a product overhaul, localised offers and store refits. (Source: Retail Week)
– It has been reported that Nick Vance has resigned as Marketing Director of Cocosa. (Source: Retail Week)
– It is reported that Ellie Louise have entered into administration. Zolfo Cooper have been appointed as administrator. (Source: Drapers)
– It is reported that H&M are considering the UK as the location to launch their new premium price brand “& Other Stories”.
– It is reported that H Stern, the Brazilian luxury jeweller, are to open their first European standalone store in London.
– It is reported that Superga, the Italian shoe brand, are planning on expanding their presence in London, with locations such as Mayfair, Kings Road, Portobello Road, Regent Street and Spitalfields as possible sites. (Source: Retail Week)

- It is reported that New Look have entered into a five year contract with Hermes to provide home delivery services for online shoppers.
Robinson Webster Holdings have announced plans to either sell or close their Kew.159 retail stores in order to focus their efforts on the Jigsaw brand.
– It is reported that Tesco have partnered with Cherokee Inc to relaunch the Cherokee clothing brand in their stores this Autumn. (Source: Just Style)
Aurora Fashion, owner of Oasis and Coast London are set to launch U.S. ecommerce this month through a new shopping platform. The brands will be available through a the ecommerce platform called www.andotherbrands.com
– On Monday 1st April, Hammerson beat Westfield as the development partner for the Whitgift Centre amid anger from its freeholder, the Whitgift Foundation, which called the decision “inexplicable”. Michael Gutman, managing director for Westfield Europe and new markets, added: “Westfield remains determined to work with the owners and local authorities to help create a town centre that the people of Croydon and surrounds can be truly proud of“. (Source: Croydon Guardian)

Electrical & Entertainment

- It is reported that online movie service, Blinkbox, have signed a deal with Disney UK that will see a selection of the distributor’s titles become available on the service. The move will see movies available for buy or hire on the same day as they are released on DVD.

Food & Drink

- It is reported that The Co-operative Food are remodelling their stores in order to improve local appeal. (Source: Retail Week)
– It is reported that The Midcounties Co-operative have acquired grocery chain, Harry Tuffins, securing 449 jobs. (Source: Retail Week)
– It is reported that Tesco have promoted Ian Hutchins to the newly created role of Communications Director, focusing on their international business. (Source: Retail Bulletin)

- It is reported that Tesco have plans to invest up to £2bn to boost their UK operations and is to create 20,000 new jobs over the next two years. (Source: The Express)
-It is reported that Waitrose have promoted Ben Stimson to the role of Group Retail Services Director. (Source: Just Food)

Tesco Homeplus has in South Korea opened the world’s first virtual store in the Seoul subway to help time-pressed commuters shop on the go using their smartphones.

Household

- Boots have plans to relaunch their loyalty offer for their customers over the age of 60, offering a wider and more targeted range of benefits.
– It is reported that Zulily, the US baby goods etailer, have launched their private sales website in the UK. (Source: Retail Week)

- It is reported that Halfords have promoted Kevin Thomas to the role of Operations Director, responsible for Halford’s retail division and stores. (Source: Retail Week)
Ikea has been granted planning permission to open their 19th UK store in Reading.
– It is reported that Specsavers have launched an online question-and-answer service for eye health on their website. (Source: Retail Bulletin)

Courtesy of ‘The Thinker

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