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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 15th June 2018 #marketingweek

June 18, 2018

Company results:

Boohoo.com have reported a 53.0% increase in revenue to £183.6m for the three months ending 31 May 2018. UK revenue increased by 49.0% to £110.7m, while gross margin increased to 55.2% for the same period.

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LK Bennett have reported a 1.8% decrease in revenue to £77.4m for the 12 months ending 31 July 2017. Operating loss increased to £5.9m, while like-for-like sales increased by 3.7% for the same period. (Source: Retail Gazette)

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Majestic wine have reported a 2.3% increase in revenue to £476.1m for the 52 weeks ending 02 April 2018. Adjusted EBIT increased by 29.1% to £18.2m for the same period.
Motorpoint Group have reported a 20.6% increase in revenue to £991.2m for the 12 months ending 31 March 2018. Profit before tax increased by 70.9% to £20.0m for the same period.
Mulberry have reported a 1.0% increase in revenue to £169.7m for the 12 months ending 31 March 2018. Profit before tax from existing business increased by 36.0% to £11.3m, while gross margin increased to 63.5% for the same period.

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N Brown have reported a 0.4% increase in revenue for the 13 weeks ending 02 June 2018. Product revenue decreased by 2.8%, while financial services revenue increased by 9.0% for the same period. Online revenue increased by 3.0% for the same period.
New Look have reported a 7.3% decrease in revenue to £1,347.8m for the 52 weeks ending 24 March 2018. UK like-for-like sales decreased by 11.7%, while own website sales decreased by 19.2% for the same period. Underlying operating loss increased to £74.3m for the same period.
Ted Baker have reported a 4.2% increase in revenue for the 19 weeks ending 09 June 2018. Total retail sales increased by 0.7%, while wholesale revenue increased by 14.2% for the same period. Online sales increased by 33.6% for the same period.

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Tesco have reported a 2.3% increase in group sales at actual exchange rates for the 13 weeks ending 26 May 2018. Group like-for-like sales increased by 1.8%, while UK like-for-like sales increased by 2.1% for the same period.

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Clothing, Footwear & Accessories

Foot Locker, the sports shoe retailer, have opened a new store at the Liverpool ONE Shopping complex. Spanning two floors, the space aims to deliver an immersive retail experience with in-store presentations and events. In addition, Foot Locker has commissioned Liverpool artist Stephen Chan to create a bespoke piece of artwork. (Source: Retail Bulletin)

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Henri Lloyd, a fashion retailer, have been bought out of administration by Aligro UK Limited in a deal that will lead to 128 job losses. Administrators confirmed the sale of five stores and certain stock assets to Aligro UK Limited, which was established on 4 June 2018. (Source: Retail Gazette)

Mulberry have announced plans to open stores in South Korea. The retailer has revealed that it has signed an agreement with SHK Holdings to form a new majority owned entity to operate Mulberry’s business in South Korea. (Source: Company Press release)

N Brown have announced plans to begin consultation with staff as part of the procedure to shut down 20 stores. The stores are being closed ahead of their lease expiry date, and the decision was done based on poor footfall figures while only generating 2.0% of the group’s revenue. (Source: Retail Gazette)

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Poundland have announced plans to launch their fashion brand Pep&Co across 300 locations by the end June 2018. The decision to launch a trend-led collection forms part of the company’s plan to compete with retailers such as Primark for the value fashion market. (Source: Retail Gazette)

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Electrical & Entertainment 

Amazon, have launched their home services offering in the UK to enable customers to buy guaranteed professional assembly and installations services. Customers purchasing products like televisions, household appliances, garden furniture and exercise equipment on Amazon can now schedule installation or assembly support from professional tradespeople during checkout. (Source: Retail Bulletin)

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Photobox Group, the digital consumer service for personalised products and gifts, have opened a new 37,000 sq.ft. state-of-the art headquarters in London’s Clerkenwell. (Source: Retail Bulletin)

 

Food & Drink

Holland & Barrett have announced the launch of Healthbox, an online personalised subscription services for vitamins, minerals and supplements. When ordering the service, Healthbox customers are asked to answer a variety of health questions online on their dietary intake, general lifestyle habits and any ailments they may have so that a personalised box of products can be recommended for them. (Source: Retail Bulletin)

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Sainsbury’s have revealed plans to begin selling “fake” meat alongside real meat in chiller sections when their new vegan-friendly range goes on sale later in June 2018. The “lookalike” burgers and mince making their UK debut in 400 of Sainsbury’s larger stores on 27 June 2018 are made by the Danish manufacturer Naturli’ Foods, a leading developer of plant-based foods since 1988. (Source: Global Data)

Sainsbury’s have also opened a dementia lane in a store to spare elderly customers from the “cut and thrust” of busy aisles. The new lane will also include checkouts which will allow the elderly to pay for their shopping at a slower pace. (Source: Global Data)

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Tesco have begun selling “green” lemons after relaxing their quality specifications in a bid to reduce food waste and shortages in their UK stores. A shortage of yellow lemons has been caused by poor growing conditions in Spain, which supplies the UK with most of its lemons until the end of spring. This has hampered production and reduced availability to British retailers. (Source: Company Press Release)

 

Household

Fabb Sofas, the upholstery retailer have announced plans to enter into company voluntary arrangement (CVA) after failing to find a buyer. Nine stores are affected including the one in Giltbrook Retail Park, Nottingham. (Source: Retail Gazette)

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Ikea have plans to open their first store in India. The store in Hyderabad is set to employ 850 people and house one of the biggest restaurants in India. (Source: GlobalData)

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Poundworld have announced the appointment of administrators as the retailer enters into company voluntary arrangement (CVA). Poundworld will continue to trade until a buyer is found for all or parts of their business, which trades across 350 stores and employs around 5100 people. (Source: Retail Gazette)

 

Motor

Cox Automotive have launched a new product, Vehicle Insight that uses wholesale and retail data to help dealers buy, price and sell vehicles. Vehicle Insight uses data from Manheim, Motors.co.uk and cap hpi data to provide price and market information. (Source: Motor Trader)

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Endeavour Automotive have opened a Hyundai dealership in New Southgate, North Gate. The dealership includes a 16-car showroom and features Hyundai UK’s first indoor used car display area in London, which can hold 34 cars on the building’s first floor. The showroom also features a ten-bay workshop, which includes MOT, tyre-fitting & wheel-alignment stations and valet bays. (Source: Motor Trader)

Lookers have launched the Lookers Electric Charge charity initiative to raise money for industry charity, Ben. The carbon-neutral challenge will see a relay of electric vehicles travel 2,000 miles to destinations, including all 155 of the retailer’s franchised dealerships. (Source: Motor Trader)

Motordepot have opened a new retail site in Barnsley, South Yorkshire. The premises will accommodate over 400 vehicles with 75,000 sq.ft. of internal display space. The site also includes a vehicle preparation centre. Barnsley becomes the eight outlets in Motordepot’s network, following the launch of the Newcastle centre in January 2018. (Source: Motor Trader)

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William Group have initiated work to develop their planned £41.0m flagship Jaguar Land Rover, BMW and Mini Automotive Retail Centre near to the Manchester Trafford Centre, Trafford City. (Source: AM Online)

 

Courtesy of ‘Barclays

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