What’s happening in retail & with brands – trends for week ending 25th May 2012
- Burberry have reported a 24% increase in sales to £1.86bn for the year to 31 March 2012. Adjusted pre-tax profit increased by 26% to £376m for the same period.
- House of Fraser have reported a 3% increase in like-for-like sales (including VAT) for the 52 weeks to 28 January 2012.
- John Lewis have reported an 11.6% increase in sales (including VAT) for the week to 19 May 2012. Fashion, Electricals & Home Technology and Home sales increased by 2.1%, 36.7% and 4.8% respectively. Sales at johnlewis.com increased by 37.5%.
- Mothercare have reported a 2.4% increase in Group Sales to £812.7m for the 53 weeks to 31 March 2012.
- M&S have reported a 2% increase in Group Sales to £9.9bn for the year to 31 March 2012. Total UK sales and like-for-like sales increased by 1.5% and 0.3% respectively for the same period.
- Moss Bros have reported a 7.9% increase in total sales for the 16 weeks to 19 May 2012. Like-for-like sales increased by 8.9% for the same period.
- Ocado has forecast a 13% uplift in gross sales for the second quarter, up from a rise of 10.9% in the first quarter.
- The Entertainer has reported a 41% increase in total sales for the 13 weeks to 05 May 2012. Like-for-like sales increased by 11.9% for the same period. (Source: Retail Week)
- Waitrose have reported a 6.6% increase in sales (including petrol) for the week to 19 May 2012.
Against strong comparisons (+8.5%) non-fashion marginally increased, with luxury and gifting popular. In other areas demand was slightly down, with leisure and entertainment the weakest performers. Fashion remained below the line drifting down for the sixth week out of the last seven. The miserable unseasonably cold weather, plus modest levels of discounting and promotions, provided little incentive for consumers to update their summer wardrobes. Homewares continued to move ahead, underpinned by strong sales of furniture and lighting, offsetting weaker general demand trends. Sales made through non-store channels were slightly below average with clothing purchases weak.
Clothing, Footwear & Accessories
- It is reported that Jaeger, who are currently undergoing a review of their business, have extended their consultation to include a further 80 jobs in addition to the 25 head office roles under review in March. (Source: Retail Week)
- It has been reported that Nick Preston has resigned as Trading Director of JD Sports Fashion Group, effective May 2012. (Source: Retail Week)
- LK Bennett have secured new funding in order to accelerate their expansion in the US. (Source: Retail Week)
- Pixmania have launched online their own jewellery range called Rose & Kara, offering more than 500 products.
Electrical & Entertainment
- It is reported that Waterstones have partnered with Amazon to sell Amazons Kindle e-reader and Kindle devices. (Source: BBC News)
Food & Drink
- It is reported that SPAR Scotland have appointed Bill Mair as their new Sales Director for their independent retailer division. (Source: Retail Bulletin)
- Tesco have announced a multi-million pound plan to revamp their ready meals range by improving food quality and packaging. (Source: The Grocer)
- Feelunique.com have announced plans to launch on-site search & navigation and merchandising tools on their website to help shoppers find items faster. (Source: Retail Bulletin)
- It is reported that House of Fraser have switched their distribution centre in Milton Keynes to an online-only fulfilment centre, as part of their ecommerce expansion. (Source: Retail Week)
- It is reported that John Lewis have entered into partnership with Kuoni to launch new travel concessions in four of their stores. Kuoni will introduce John Lewis Travel Insurance and will also become the travel partner for the John Lewis Gift List service. (Source: PR Newswire)
- It is reported that both Steve Gray and Philip Streatfield have resigned as Chief Commercial Officer and Supply Chain & Business Efficiency Director respectively, at Lloydspharmacy. (Source: Retail Week)
- Mamas & Papas have announced plans to launch all 3,500 of their product lines on both Amazon and Tesco marketplaces by June 2012. (Source: Retail Week)
- It is reported that Poundland have launched their wholesale website called discount-wholesale.co.uk. The company have also launched a mobile app to inform customers about special offers and how to find its stores. (Source: Retail Week)
Courtesy of ‘The Thinker‘