- The Entertainer have reported an 8.0% increase in sales to £139.5m for the year to 30 January 2016. Pre-tax profit stood at £8.1m for the same period.
- FatFace have reported 7.4% increase in sales to £220.7m for the 52 weeks to 28 May 2016. Online sales increased by 20.6% for the same period.
- The Fragrance Shop have reported a 9.4% increase in sales to £105m for the year to 31 March 2016. Like-for-like sales increased by 5.5% and pre-tax profit stood at £14.4m for the same period.
- French Connection have reported a 9.5% decrease in revenue to £69.2m for the six months to 31 July 2016. Pre-tax loss stood at £7.9m for the same period.
- Kingfisher have reported a 2.7% increase in total sales to £5.7bn for the six months to 31 July 2016. Pre-tax profit increased by 13.5% to £436m for the same period.
- Made.com have reported a 44.0% increase in sales to £61.6m for the year to 31 December 2015.
- River Island have reported flat sales of £932.7m for the year to 26 December. Pre-tax profit stood at £145.8m for the same period. (Source: Retail Week)
Lifestyle LFLs were down by -1.19% off of a strong base of +4.7% for the same week last year. Retailers of electrical goods and some gift retailers saw negative growth, while retailers of bicycles and high end gifts continued their positive run this week.
Fashion LFLs were down by 8.36% this week, its poorest result in three weeks and its seventh negative week in succession. Only 22% of respondents reported positive sales growth this week. The decline was off of a strong base of +3.7% for the same week last year when some retailers ran targeted promotional campaigns of autumn ranges.
Homeware continued to perform well with LFL sales up by +12.23%. The positive result was fuelled by ongoing strong sales results for furniture and soft furnishing retailers as consumers continued to demonstrate an appetite for these goods.
Non-store LFL sales saw its biggest decline of the year-to-date, posting a rare negative, down by -1.04% off of a base of +23.7% for the same week last year. The worst week of 2016 prior to this week came in March (week 13), when non-store LFL growth fell to +2.13%. The last negative result for non-store came in a week of December 2015 when LFLs fell by -5.22%. Of all respondents this week, 46% reported negative LFL sales, and 75% of those reported double digit declines, some of which saw a drop off of in non-store sales of over 50-60% compared to the same week last year in a very disappointing week. Heavy declines for online sales were seen across lifestyle, fashion and homeware.
Clothing, Footwear & Accessories
- H&M have opened a 6000 sq. ft. store in Westfield London, as part of their expansion strategy in the UK. (Source: Company Press Release)
- Ralph Lauren have opened their new European flagship store for sub brand Polo Ralph Lauren on Regent Street, London. (Source: Drapers)
- Urban Decay have announced plans to open a 1000 sq. ft. boutique store in Liverpool ONE by December 2016. (Source: Retail Bulletin)
- US-based young fashion retailer American Eagle Outfitters is dropping its eagle logo and launching a new campaign for autumn 16, as it gears up to push further into the UK and Europe.
Electrical & Entertainment
- Sainsburys have announced their decision to close their digital entertainment business and sell off their e-book business to online bookseller Kobo by 1 October 2016. (Source: Retail Bulletin)
- Typo, Australian stationery and homewares specialist have announced plans to open a 2000 sq. ft. store in Westfield Stratford City. (Source: Retail Week)
Tax-free tourist spend in London’s West End during August jumped 44% year on year, as overseas visitors took advantage of favourable exchange rates following the Brexit vote.
Food & Drink
- The Co-op have announced plans to only stock 100% British beef, chicken, pork, lamb, bacon and turkey as part of their strategy to back British farmers. (Source: Company Press Release)
- The Co-op have also announced plans to launch a new online loyalty points scheme as part of strategy to revitalise their relationship with owner members. (Source: Guardian)
- Diageo has unveiled the first adverts for Haig Club Clubman, the second expression from its David Beckham-backed single grain Scotch whisky range. (Source: Just Drinks)
- Morrisons have announced plans to give students a 10% discount on food and drink, including beer and wine, in the first such move by a big- four supermarket. (Source: Guardian)
- Sainsburys have opened a new online fulfilment centre in East London, after predicting online orders for the company will double by 2024. (Source: Company Press Release)
- The Hut Group have acquired IdealShape, US-based weight management and sports nutrition retailer, as part of their expansion strategy. (Source: Company Press Release)