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#mcm Ki Hong Lee #flutterdownbelow

May 22, 2017
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Ki Hong Lee

#mondaymotivation

May 22, 2017

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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 19th May 2017 #marketingweek

May 22, 2017

Company Results

Asda have reported a 0.9% increase in total sales for the 13 weeks to 28 April 2017. Like-for-like sales decreased by 2.8% for the same period. (Source: The Telegraph)
Booker Group have reported a 6.7% increase in sales to £5.3bn for the 52 weeks to 24 March 2017. Like-for-like sales increased by 0.5% while profit after tax stood at £153.8m for the same period.
Burberry have reported a 2.0% decrease in underlying revenue to £2.8bn for year ended 31 March 2017. Reported profit before tax stood at £395.0m for the same period.

Burberry have reported a 2.0% decrease in underlying revenue to £2.8bn for year ended 31 March 2017.

Clarks have reported a 7.8% increase in group turnover to £1.65bn for the year to 31 January 2017. Pre-tax profits stood at £19.9m for the same period. (Source: Verdict)
Moss Bros have reported a 3.7% increase in total sales for the 15 weeks to 13 May 2017. Like-for-like sales increased by 2.3% for the same period.
Mothercare have reported a 0.1% decrease in UK total sales to £459.4m for the 52 weeks to 25 March 2017, while UK like-for-like sales increased by 1.1% for the same period.

 

Lifestyle LFLs were up by +4.94% off of a negative base of -1.61% for the same week last year. The result marked its tenth week in positive territory. However, results were somewhat polarised across the sample with 57% reporting positive LFLs, with retailers of gifts and outdoor goods posting the strongest growth.

Fashion LFLs fell sharply into the negative this week. A lack of consistently warm weather saw sales down by –8.12% off of a base of +3.16% when warmer weather and buoyant footfall boosted sales. The result marked its fourth successive week of negative results and the lowest of the four. 75% of respondents reported negative LFLs this week, with 63% of those showing double-digit declines.

Homeware was the star performer this week, with LFLs up by +14.17% off of a weak base of -5.15% last year. Strong sales from department stores and furniture and soft furnishings retailers resulted in its third positive week in succession, and its best result of the year-to-date.

Non-Store LFLs were up by +13.70% this week off of a base of +16.03% for the same week last year. Despite a handful of very strong individual results, this was the fifth week in succession where LFLs have failed to reach the +20% growth threshold. 55% of fashion retailers reported positive non-store LFLs this week, as compared to 75% for lifestyle and 67% for homeware.

Clothing, Footwear & Accessories

Canada Goose, luxury outerwear brand, have announced plans to open two new flagship stores in London and Chicago this autumn. The London store in Regent Street will be the first Canada Goose shop in Europe. (Source: Drapers)
Dinny Hall, British jewellery brand, have signed up to take a new store at London’s Seven Dials. (Source: Retail Bulletin)
Eden Park, the French luxury fashion brand, have announced plans to open their first store in London later in 2017. (Source: Verdict)

Eden Park, the French luxury fashion brand, have announced plans to open their first store in London .jpg
JD Sports have announced that their acquisition plans for “Go Outdoors” retailer has been given approval by the Competition and Markets Authority. JD will take control of Go
Matches Fashion have announced plans to open an unconventional retail concept in London. The 5,000 sq.ft space at 5 Carlos Place will be spread over six floors and will accommodate retail, event and private client functions. (Source: Retail Week)
Net-a-Porter have appointed Elizabeth von der Goltz as their new Global Buying Director with immediate effect. Von der Goltz, former manager at Bergdorf Goodman in New York, will join Yoox Net-a-Porter Group’s London headquarters in mid-summer 2017. (Source: Drapers)
Quiz have reopened their Westfield Stratford City store as a new digital flagship following a refurbishment. (Source: Drapers)
Studio British, a new etailer which sells only UK brands, have announced plans to launch in September 2017. (Source; Drapers)

Studio British, a new etailer which sells only UK brands, have announced plans to launch in September 2017.jpg
Sports Direct have upped their investments in US businesses namely Iconix and Finish Line. Indiana-based Finish Line operates 660 sportswear stores across the US and Iconix owns a range of niche clothing brands including Artful Dodger and London Fog. (Source: Financial Times)

Food & Drink

The Co-op have signed an agreement with service station operator MRH to open seven convenience stores at roadside service stations. The grocery retailer will open their first store this month in Eastcote, Northwest London, followed by four more in the London area and two in Cambridgeshire. (Source: Retail Week)
Booths have announced that their Chief Executive Officer, Chris Dee, will step down from the role on 30 June 2017. Edwin Booth, fifth generation of the founding family, will assume both Chairman and Chief Executive roles. (Source: Telegraph)
Tesco have announced a partnership with Spoon Guru to help their customers with specific diets and tastes quickly and easily find food suitable when shopping online. The partnership is a first for UK grocery retail and will provide Tesco customers with a unique online and mobile shopping experience free of charge. (Source: Company Press Release)
Waitrose have appointed Martin George as their interim Customer Director with immediate effect replacing Rupert Thomas. Martin George will sit on the board and look after all aspects of marketing and customer relations. (Source: Retail Week)

Household

Bunnings have appointed David Haydon as Trading and Commercial Director for Homebase with effect from 30 June 2017. (Source: Retail Week)
Boots have appointed Reckitt Benckiser Executive, Richard Reed, to drive their UK trading and he will join the company next month. (Source: Retail Week)
Fenwick have announced Richard Pennycook has joined the company as their new Chairman with effect from 18 May 2017. (Source: Retail Week)
Ikea have announced plans to create 1,300 new jobs by the end of 2018 as the furniture retailer opens three new UK superstores in Sheffield, Exeter and Greenwich. (Source: BBC)

Ikea have announced plans to create 1,300 new jobs by the end of 2018 as the furniture retailer opens three new UK superstores
Mothercare have announced that their Chief Financial Officer and Executive Director, Richard Smothers has resigned. He will remain with the group until a successor has been identified and an appropriate transition plan is put in place, which is expected to be towards the end of 2017. (Source: Company Press Release)
Mothercare have also appointed Andy Harding as their new Chief Customer Officer on an interim basis with effect from July 2017. He used to work with House of Fraser as Chief Customer Officer. (Source: Drapers)
Shop Direct have announced that their Strategy and Communications Director, Dan Rubel, is leaving the business later in 2017. (Source: Retail Week)

Courtesy of: Barclays

Norman Jay MBE, Modeste Hugues ft Street Cocktail Sound System @lost_format

May 19, 2017

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CROWD returns to Croydon with the first of three musical takeovers at Lost Format Society.

Join us for our big summer launch as DJ NORMAN JAY MBE brings his famed Good Times set to town with his unique mix of grooves, funk, jazz, soul and house whilst the live performance comes with a World Music vibe as Madagascan guitarist Modest Hugues takes to the stage.

CROWD first hit the Croydon streets in October 2016, turning St Georges Walk into a pop-up venue with bars and street food plus a stunning live show from the Hackney Colliery Band playing to a packed audience.

Now, returning with a run of three monthly events, CROWD is teaming up with The Lost Format Society to stage a series of takeovers at this year’s Rooftop Cinema site at the Centrale car park, all kitted out to create a unique venue experience, ideal for catching the sundowner vibe.

Please note, entry to all CROWD events is free, however, please register to secure entry.

NB ALL REGISTERED EVENT ATTENDEES MUST ARRIVE BEFORE 6.30pm, OTHERWISE ENTRY WILL BE CONDUCTED ON A ‘FIRST COME, FIRST SERVED’ BASIS.

CROWD is a Big South Promotion in association with Croydon Town Centre Bid Ltd and Croydon Council. For details of more CROWD events please visit www.bigsouth.london

#mondaymotivation

May 15, 2017

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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 12th May 2017 #marketingweek

May 15, 2017

Company Results

The Hut Group have reported a 50.0% increase in group sales to £501m for the 12 months to 31 December 2016. International sales increased by 89% to £316m for the same period.
Lookers have reported a 17.0% increase in gross profit on new cars and 9.0% increase on a like-for-like basis for the Q1 ending 31 March 2017. (Source: AM Online)
Monsoon Accessorize have reported a 9.2% decrease in total sales to £422.1m for the year ended 27 August 2016. UK total sales decreased by 6.8% to £311.9m while UK like-for-likes decreased by 6.0% for the same period. (Source: Retail Week)
Supergroup have reported a 24.2% increase in group revenue to £416.6m for the 26 weeks to 29 April 2017. Retail revenue increased by 17.5% to £286.4m while retail like-for-like revenue increased by 12.5% for the same period. Wholesale revenue increased by 42.1% to £130.2m for the same period.

Supergroup have reported a 24.2% increase in group revenue to £416.6m for the 26 weeks to 29 April 2017.
Supergroup have also reported a 27.2% increase in group revenue to £750.6m for the 52 weeks to 29 April 2017. Retail revenue increased by 20.6% to £501.6m while retail like-for-like sales increased by 12.7% for the same period. Wholesale revenue increased by 42.9% to £248.9m for the same period.

Lifestyle LFLs were up by +9.07% off of a base of -1.44% last year. The result marked its ninth positive week in succession, of which this week was the best. The Bank Holiday boosted sales of gift items and overall sales at some department stores, while bringing a degree of relief to some electrical goods retailers.

Fashion LFLs were down by -3.67% this week, but off of a positive base of +3.87% for the same week last year when the weather was significantly warmer. Despite the negative result, 38% of respondents reported positive in-store results this week, with a notably positive week for high end brands.

Homeware was the star performer this week, with LFLs up by +9.45% off a weak base of -5.80% last year. Benefitting from increased footfall at retail parks in context of the Bank Holiday, furniture, soft furnishings and kitchenware retailers were all evident amongst those experiencing an in-store boost in sales this week.

Non-Store LFLs were up by +17.36% this week off of a base of +20.04% last year. The result marked the fourth week in a row that non-store sales have been below the +20% threshold, but it was also the strongest of those four weeks. 61% of fashion retailers reported positive non-store growth this week, as compared to 83% for lifestyle retailers and 57% for homeware.

Clothing, Footwear & Accessories

Anna-Karin Karlsson, the luxury fashion eyewear, have collaborated with Harrods as part of the department store’s “Social butterfly” campaign. During May 2017 and June 2017, the Swedish brand will be curating a space on the ground floor of the store. (Source: Retail Bulletin)

Anna-Karin Karlsson, the luxury fashion eyewear, have collaborated with Harrods as part of the department store’s “Social butterfly” campaign.jpg
Chisholm Hunter, a Scottish-based jeweller and diamond merchant, have unveiled plans to grow their store portfolio in England after securing a multi-million bank funding deal. (Source: Verdict)
House of Fraser have announced the appointment of Alex Williamson, current CEO of Goodwood Group, as their new Chief Executive Officer with effect from 31 July 2017. (Source: Company Press Release)
House of Fraser have also announced the acquisition of Issa, a premium fashion brand, and plans to launch the new range which will be available both in-store and online from Autumn/Winter 2017. (Source: Company Press Release)
JoJo Maman Bébé, the UK-based multi-channel maternity wear and baby clothing retailer, has named Jaeger’s former trading director Gwynn Milligan as their new Commercial Director to help drive the business. (Source: Drapers)
LK Bennett have announced that Linda Bennett, the founder of the fashion chain, is returning in an advisory role as the company ponders their next steps in a tough retail environment. (Source: Telegraph)
Matchless, the motorcycle-inspired clothing brand, have opened their London store in Mayfair offering menswear and womenswear with shoes and accessories. (Source: Drapers)

Matchless, the motorcycle-inspired clothing brand, have opened their London store in Mayfair
Phase Eight have announced the appointment of James Williams as their new Director of Marketing and online trading. (Source: Retail Week)
Smashbox Cosmetics, the Los Angeles based beauty brand, have opened their first standalone store in the South East at the Bluewater retail and leisure destination. Situated on the Upper Rose Gallery, the 889 sq.ft shop recreates the look and feel of the legendary Smashbox Photo Studios in Los Angeles. (Source: Retail Bulletin)

Electrical & Entertainment

Amazon have also announced plans to open a 60,000 sq.ft development centre by the end of 2017 in Cambridge and will hire over 400 employees to deliver innovations across their drone and Echo devices. (Source: CNBC)
Amazon have also added to the collection of their membership scheme with the roll-out of Prime Live Events, allowing users exclusive access to live concerts. The scheme has launched in the UK and will allow users to buy tickets to music concerts at intimate venues. (Source: Retail Week)
Icandy, the gifting retailer, have entered administration and closed four of their 14 outlets resulting in 22 job losses as they seek a buyer. (Source: Retail Week)

Food & Drink

Aldi have unveiled plans to quadruple their UK store footprint as the supermarket envisions having up to 2,600 UK stores. Aldi had set a target to reach 1,000 stores by 2022. (Source: The Guardian)
Sainsbury’s have opened their 100th store in Scotland in a move creating 64 jobs. The outlet, on Gordon Street in Glasgow, was opened by Scottish economy and jobs secretary Keith Brown and Sainsbury’s Chief Executive Mike Coupe. (Source: Verdict)
Sainsbury’s have also announced the appointment of Phil Jordan as their new Group Chief Information Officer. He will join the business in January 2018 and will be a member of Sainsbury’s Operating Board, reporting to Group Chief Executive, Mike Coupe. (Source: Company Press Release)
Tesco have enabled grocery ordering via voice-activated Google home assistant. This means that customers can order groceries by issuing commands to the Wi-Fi connected device. (Source: The Grocer)
Tesco have also extended their “Delivery Saver” scheme, a subscription service for online orders, introducing monthly membership plans. The new monthly plans offer customers the benefits and flexibility of Delivery Saver without having to commit to a six month or yearly plan. (Source: Company Press Release)
Dunnhumby, Tesco’s research firm, has teamed up with Twitter in an effort to prove the effectiveness of running campaigns on the platform to FMCG advertisers. Tesco’s active ClubCard users (managed by Dunnhumby) and Twitter’s active UK users will be similarly linked to judge the effect of ad exposure on actual sales. (Source: The Drum)

Household

Hillarys, the maker and seller of made-to-measure blinds and floorings, have been sold to Hunter Douglas. The company said that they would make no changes to Hillarys’ senior management team. (Source: Reuters)
Mothercare have announced that Richard Smothers has resigned from his position as Chief Financial Office and Executive Director. He will remain with the company until a successor has been identified and an appropriate transition plan is put in place, which is expected to be towards the end of 2017. (Source: Company Press Release)

Courtesy of: Barclays

#mondaymotivation

May 8, 2017

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