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October 16, 2017

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October 16, 2017
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Vidyut Jamwal

#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 13th October 2017 #marketingweek

October 16, 2017

Company Results

Booker Group PLC have reported a 2.5% increase in total sales to £2.6bn for the 24 weeks to 8 September 2017. Like-for-like sales increased by 2.7%, while profit before tax increased by 9.0% for the same period.

Dunelm Group have reported a 24.8% increase in revenue to £247.9m for the 13 weeks to 30 September 2017. Like-for-like sales increased by 9.3% to £214.3m for the same period.

The Entertainer have reported a 9.4% increase in total sales for the 52 weeks to 28 January 2017. Online sales increased by 11.3% during the same period. (Source: Verdict)

Matalan have reported a 5.9% increase in revenue to £259.9m for the 13 weeks to 26 August 2017. Revenue increased by 3.6% to £513.3m for the 26 weeks to 26 August 2017.

Matalan have reported a 5.9% increase in revenue to £259.9m for the 13 weeks to 26 August 2017

N Brown Group PLC have reported a 5.6% increase in group revenue to £453.4m for the 26 weeks to 2 September 2017. Adjusted PBT stood at £32.2m for the same period.

Nisa have reported a 12.4% increase in total sales to £728.0m for the 26 weeks to 1 October 2017. Non-tobacco sales stood at £505.0m for the same period.

Paperchase have reported a 4.3% increase in sales to £119.2m for the year to January 2017. Sales from overseas operations increased by 0.4% for the same period. (Source: Retail Week)

Quiz have announced a 35.0% increase in group revenue to £56.1m for the six months to 30 September 2017. Group online revenue increased to £13.8m for the same period.

Ted Baker have reported a 14.0% increase in group revenue to £295.7m for the 28 weeks to 12 August 2017. Profit before tax increased by 17.8% to £25.3m for the same period.

Ted Baker have reported a 14.0% increase in group revenue to £295.7m

Vertu motors have reported a flat revenue of £1.5bn for the six months to 31 August 2017. Profit before tax increased by 29.4% to £24.2m for the same period.

WH Smith PLC have reported a 2.0% increase in group revenue to £1.2bn for the year to 31 August 2017. Profit before tax increased by 7.0% to £140.0m for the same period.

Lifestyle like-for-likes were up by +3.09% this week off of a base of +4.9% for the same week last year. This marks a return to consistently positive results for this category. Results were driven by strong growth in sales of gift items and electrical goods.

Fashion LFLs continued to drop this week, albeit at a slower rate, down by -6.05% from a base of +2.00% for the same week last year. 77% of respondents reported negative LFLs this week, although the Accessories category remained a bright spot with sales increasing by +1.97%.

After delivering strong results in recent weeks, Homeware saw sales fall for the first time in three weeks, with LFLs down by -4.45% from an impressive base of +18.80% for the same week last year.

Non-store LFLs were up by +19.84%, still slightly below the +20% threshold, coming off of a strong base of +26.2% last year. Non-store homeware sales experienced a particularly strong week, with 80% of retailers reporting positive results compared to the same week last year.

Clothing, Footwear & Accessories

ASOS have launched the trial of ASOS Instant, a same day delivery service, in 122 London postcodes. The service will be available to customers who place their orders before 10:00am between Sunday and Friday. (Source: Company Press Release)

ASOS have launched the trial of ASOS Instant, a same day delivery service, in 122 London postcodes

Coach, an American luxury retailer, have opened their new flagship for the Midlands area at the Bullring shopping centre, Birmingham. The 280 sq.mt store will stock the retailer’s full range of bags, footwear, outerwear and accessories. (Source: Retail Gazette)

Fat Face have announced the closure of 40 stores on Boxing Day in 2017 to give workers an extra day with their families at Christmas. Fat Face will also close 210 of its 222 stores on New Year’s Day. (Source: Drapers)

Hugo Boss have opened a store at Bentall Centre, Kingston as a part of their Bentall25 revitalisation project. The 3,207 sq.ft shop will stock key ranges from the Boss formalwear and athleisurewear collections. (Source: Retail Bulletin)

Hugo Boss have opened a store at Bentall Center, Kingston as a part of their Bentall25 revitalisation project

Marks & Spencer have launched a new menswear wool blend suit made with recycled wool. The lightweight suit is made from 55% recycled wool including wool that M&S customers have donated in stores through the retailer’s Shwopping clothes recycling initiative with Oxfam. (Source: Retail Bulletin)

Mothercare have launched a gender-neutral clothing range for babies and young children. The unisex range features mainly black, white, grey and yellow shades. (Source: Verdict)

N Brown have announced a partnership with Amazon Fashion to sell N Brown’s Simply Be and Jacamo brands online. (Source: Independent)

Shop Direct have announced that their Chief Executive Officer, Alex Baldock, will step down from the position next summer. (Source: Drapers)

Ted Baker have launched a pilot service which gives their online shoppers access to in-store stylists. Through the service, Ted Baker aims to boost staff productivity by ensuring that online customers are able to access the same level of personal service as they are in store. (Source: Retail Week)

Electrical & Entertainment

HMV have announced plans to open a new store at Churchill Square, Brighton. (Source: The Argus)

Food & Drink

Aldi have unveiled plans to build a distribution centre in Bedford to support their expansion in the Southeast of England. The 947,000 sq. ft. facility will service the grocer’s growing portfolio of stores in Bedfordshire, Buckinghamshire and Hertfordshire. (Source: BBC)

Amazon have announced their partnership with supermarket chain, Booths, which will allow Booths to sell their products to shoppers in the South for the first time. Amazon will provide range of Booths products including ready meals, deli products and cheeses through Amazon Fresh. (Source: Telegraph)

Co-op have announced the appointment of their new Chief Membership Officer, Matt Atkinson, who will join the organisation full-time in January 2018. Matt will be responsible for the membership, digital, data, brand marketing, communications, community and campaigning functions. (Source: Company Press Release)

Majestic Wine have opened their latest store format, which is the first to feature their new logo in St John’s Wood, London. The 3,720 sq.ft store carries the retailer’s largest ever range of almost 1,000 alcohol lines including 260 fine wines. (Source: Retail Week)

Majestic Wine have opened their latest store format, which is the first to feature their new logo in St John’s Wood, London.jpg

Majestic Wine have also announced the appointment of David Stead as their Independent non-executive director. David will join the board on 1 November 2017 and will also become a member of the company’s audit, nomination and remuneration committees. (Source: Company Press Release)

Morrisons have launched a new curry, Volcanic Vindaloo, which contains one of the world’s hottest chillies, the Naga Viper. (Source: Telegraph)

Moet Hennessy has lined up a partnership for its namesake VS Cognac iteration with Abbey Road music studios in the UK.  (Source: Just Drinks)

Moet Hennessy has lined up a partnership for its namesake VS Cognac iteration with Abbey Road music studios in the UK

Nespresso have opened a new 1,600 sq.ft concept store on Peter’s Lane in Liverpool One. The store will sell retailer’s coffee machines and capsules. (Source: Retail Bulletin)

Nisa have announced the appointment of Arnu Misra as their interim Chief Executive Officer with immediate effect. (Source: Company Press Release)

Sainsbury’s have launched an application which enables disabled drivers to pre-book assistance when refuelling their cars at one of the retailer’s petrol stations. Sainsbury’s is working with Fuelservice to roll the service out to over 300 petrol stations across the UK. (Source: Company Press Release)

Tesco have announced the trial of a new Amazon Go-style checkout-free supermarket, where the shopping is processed by artificial intelligence. The technology allows customers to enter a store using a dedicated application, which detects what they take from the shelves, and bills it to their account. (Source: Verdict)

Household

Ikea have announced that they will start experimenting with selling its famous flatpack furniture through online retailers as part of a wider push to become more accessible to shoppers. (Source: Verdict)

Poundland have announced that they will continue to accept old pound coins for a month after they cease to be legal tender. The deadline to transition to the new coin is 15 October 2017, and Tesco have now also announced that they will continue to accept the old coins for an additional week. (Source: Retail Week)

Courtesy of ‘Barclays

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