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What’s happening in #retail & with brands – trends for w/e 15th May 2015 #retailtrends #retailnews #marketingweek #eventmagazine
– Cambria Automobiles have reported an 18.6% increase in revenue to £242.8m for the six months to 28 February 2015. New vehicle sales increased by 15.6% while used vehicle sales increased by 2.9% for the same period. Overall profit before tax profit increased by 63.8% to £3.3m.
– Conviviality Retail have reported a 1.7% decrease in like-for-like retail sales for Bargain Booze for the year to 26 April 2015 while, like-for-like sales at Wine Rack increased by 0.1% for the same period.
– JCT600 have reported a 13% increase in revenue to £1.0bn for the year to 31 December 2014. Operating profit rose by 14% to £23.2m for the same period. (Source: AM Online)
– John Lewis have reported a 1.1% increase in sales for the week to 09 May 2015. Electricals & Home Technology sales and Home sales increased by 3.7% and 0.4% respectively while Fashion sales decreased by 0.4%. Sales at johnlewis.com increased by 16.6%.
– Lookers have reported a 4% increase in gross profit from new retail cars for the quarter to 31 March 2015. Gross profit from used car increased by 10%, while gross profit from new fleet cars increased by 12% for the same period.
– Waitrose have reported a 0.5% decrease in sales (including petrol) for the week to 09 May 2015.
A disappointing performance for lifestyle, with like-for-likes for the week ending -2.4% down compared to this week last year; a week which also delivered flat performance. Department stores slumped notably due to a decline in footfall on the high street (-1.5%), whilst small ticket gifting retailers had a particularly strong week.
After an underperformance this week last year, the decline in fashion like-for-likes to -4.9% was a particular disappointment with around two-thirds of retailers reporting negative like-for-likes. The end of mid-season discounting coupled with a decline in high street footfall led to significantly reduced activity at the tills. Clothing and accessory like-for-likes were particularly weak this week, down by -6.4% and -6.7% respectively. Designer retailers typically had a worse week this week than budget fashion retailers.
Homewares like-for-likes were the outperformer once again this week, with like-for-likes rising by 4.9%, despite an exceptional week this time last year. DIY and soft furnishings retailers had particularly strong sales this week.
As is frequently the case when bricks and mortar like-for-likes are in negative territory, non-store like-for-likes had a strong performance this week of +31.3%. Lifestyle and homeware retailers noted particularly strong like-for-likes this week.
Clothing, Footwear & Accessories
– BHS have signed a deal with Claires Accessories to trial six concessions in stores to bolster their pre-teen clothing range. (Source: Retail Week)
– Ted Baker has confirmed it will open a new concept store to showcases all of its licence products on Commercial Street in London at the beginning of June. (Source: Drapers)
– The Cambridge Satchel Company have announced plans to launch a 1,000 sq. ft. standalone mens store at Seven Dials, London. The store is due to open on 08 June 2015. (Source: Retail Gazette)
– Farfetch have acquired Browns in a cash and shares deal, as a part of store of the future initiative. (Source: Reuters)
– H&M have opened their first store in Peru. They have also announced plans to open new stores in Macau, South Africa and India in 2015. (Source: Retail Bulletin)
– New Look has been purchased by South African investment house, Brait SE for £780m. (Source: Verdict)
Electrical & Entertainment
– Carphone Warehouse have announced the pricing plans for their new mobile phone network iD, ahead of the service’s official launch. (Source: The Telegraph)
– Tesco have announced plans for the sale of their mobile business as part of their review of non-core assets. (Source: The Guardian)
Food & Drink
– Conviviality Retail, the owner of the Bargain Booze chain, have appointed Ian Jones as their Non-Executive Director. (Source: The Scotsman)
– SABMiller has entered UK craft beer scene with Meantime Brewing Co purchase (Just Drinks)
– Tesco have announced plans to close their six remaining Homeplus stores in the UK, as they reduce focus on their non-food retail business. (Source: City AM)
– Carlsberg is to relaunch six vintage labels as part of a new campaign highlighting the brewer’s 168-year history. (Source: Just Drinks)
According to a new report from the Local Data Company, discount grocers and budget retailers are opening more than five stores a week across the UK, as fierce competition continues to hit the big four. German duo Aldi and Lidl, as well as Iceland, Poundland, Home Bargains and Farmfoods are becoming the biggest names on the high street as their growth overtakes that of the big four grocers. Supermarket giants Tesco and Morrisons are cutting head office staff, closing stores and abandoning planned openings, while Sainsburys is also shelving planned developments in a bid to cut costs. The big four have been forced into a fierce price war by the discounters, which have seen profit margins tumble.
– Amazon have announced plans to open a 310,000 sq. ft. fulfilment centre in Dunstable, which will create 500 new permanent jobs. (Source: BBC News)
– Glasses Direct have introduced a virtual 3D fitting tool that shows shoppers how glasses would look on their face. (Source: Retail Week)
– Home Retail Group have raised over £150,000 for people affected by cancer, in partnership with Macmillan Cancer Support. The funds raised will fund over 5,700 hours of Macmillan nursing care. (Source: Retail Bulletin)
– House of Fraser have extended the cut off point for next day click-and-collect orders from 10pm until midnight. (Source: Drapers)
– Shop Direct have announced plans to stop producing their printed catalogues due to changes in customers’ shopping habits. (Source: The Drum)
– The Works have announced that their Executive Chairman, Anthony Solomon, has stepped down after his stake in the business was acquired by private equity firm Endless. (Source: Retail Bulletin)
Courtesy of ‘Barclays‘
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What’s happening in #retail & with brands – trends for w/e 8th May 2015 #retailtrends #retailnews #marketingweek #eventmagazine
– Boohoo.com have reported a 27% increase in revenue to £139.9m for the year to 28 February 2015. UK sales increased by 33% to £94.3m while profit before tax increased by 3% to £11.1m for the same period.
– John Lewis have reported a 2.8% increase in sales for the week to 02 May 2015. Fashion and Home sales increased by 17.2% and 0.3% respectively while Electricals & Home Technology sales decreased by 9.3%. Sales at johnlewis.com increased by 17.0%.
– Morrisons have reported a 1.1% decrease in total sales excluding fuel for the 13 weeks to 03 May 2015. Like-for-like sales (excluding fuel) decreased by 2.9% for the same period.
– Pendragon have reported a 10.4% increase in underlying profit before tax for the three months to 31 March 2015.
– Sainsburys have reported a 0.9% decrease in group sales (including VAT) to £26.1bn for the 52 weeks to 14 March 2015. Like-for-like sales (including VAT, excluding fuel) decreased by 1.9% while retail sales (including VAT, excluding fuel) declined by 0.2% for the same period. Underlying profit before tax decreased by 14.7% to £681m.
– ScS have reported a 15.9% decrease in like-for-like sales for the four weeks to 02 May 2015. (Source: Verdict)
– Supergroup have reported an 18.4% increase in group sales to £134.8m for the 15 weeks to 25 April 2015. Retail sales increased by 20.6% to £76.0m while like-for-like sales increased by 11.6% for the same period. Wholesale sales increased by 9.7% to £58.8m.
– Waitrose have reported a 0.4% increase in sales (including petrol) for the week to 02 May 2015.
Lifestyle like-for-likes rose by +0.8% this week, although results were particularly polarised this week. Gift retailers and department stores noted a strong uptick in sales this week, and the “London Marathon effect” was particularly strong this year, with running and outdoor activity retailers reporting a strong week. Interestingly, the well-publicised Tour de Yorkshire appeared to have no effect on the performance of cycling retailers’ high street stores, with many reported double-digit negative like-for-likes. Some of this was regained in online sales.
Fashion like-for-likes were positive this week, although +1.5% actually reflects a relatively poor performance given the wider discounting this year compared to last year. Designer retailers, particularly those which had launched extra promotions over the bank holiday weekend, had a better week than their budget counterparts with budget retailers being hit particularly badly by the reduced level of footfall on the high street. However, even where like-for-like sales may have been down, budget retailers reported improved margins compared to this week last year. Footwear retailers outperformed the rest of the sector this week, reporting like-for-likes up by +3.03%.
Homeware like-for-likes rose by +2.6% this week, with soft furnishings stores reporting strong trade ahead of the bank holiday weekend. Interestingly, DIY retailers saw sales slump compared to this week last year.
Non-store sales saw their second strongest like-for-like performance for six weeks (+24.9%) which, for many, helped to mitigate against falling sales on the high street. Fashion retailers particularly benefitted from targeted email promotions, with high-end fashion retailers once again performing particularly well. Outdoor stores saw high double-digit sales increases as shoppers prepared for the bank holiday weekend which was widely expected to bring better weather than this time last year.
Clothing, Footwear & Accessories
– AB10 have announced plans to close all three of their stores, two stores in Aberdeen and one in Livingston. (Source: Retail Bulletin)
– AMI, a Parisian menswear business, have announced plans to open their first UK store at 75 Duke Street in Mayfair in autumn 2015, as a part of their plan to expand in Europe, America and Asia. (Source: Drapers)
– House of Fraser have announced plans to sell a range of sports hijabs that are designed for Muslim women to wear while doing exercise, including swimming. (Source: Retail Week)
– IndiaCoco have announced plans to open a 417 sq. ft. store in Wakefield’s Trinity Walk shopping centre. (Source: Retail Bulletin)
– JD Sports Fashion have appointed Heather Jackson as their Independent Non-Executive Director. (Source: Drapers)
– Joy, fashion & lifestyle retailer, have opened 2,450 sq. ft. store at the London Designer Outlet in Wembley Park. (Source: Fashion United)
– Net-a-Porter have announced plans to launch a fashion-focused, shoppable social platform on 13 May 2015, which will allow luxury brands to create a one-to-one dialogue with consumers. (Source: The Drum)
– Warehouse have partnered with Doddle that will provide their customers with collection points to return online purchases for free. (Source: Retail Times)
Electrical & Entertainment
– Game Digital have appointed Mark Gifford as their group Chief Financial Officer, succeeding Benedict Smith. Mark will join board in October 2015. (Source: Reuters)
Food & Drink
– Morrisons have announced plans to re-introduce staffed express checkouts to their supermarkets, as they look to offer customers a better shopping experience. (Source: The Grocer)
– Heineken has launched a spirit-flavoured cider that takes its name from a Prohibition-era ritual. (Source: Just Drinks)
– Nisa have launched an online portal in partnership with UpSkill People, as they look to make training more accessible for retailers through Nisa membership. (Source: Company Press Release)
– Ocado have announced plans to develop robots that could reduce their reliance on people to pick and pack their groceries. (Source: Verdict)
– Tesco have appointed Bruce Marsh as their UK Finance Director, replacing the position left vacant by Carl Rogberg. The company has also announced that their two Non-Executive Directors, Ken Hanna and Stuart Chambers, have stepped down following the retailers annual meeting in June 2015. (Source: The Telegraph)
According to the KPMG/Ipsos Retail Think Tank (RTT), retailers need to shift customers off discounts to improve margin and trust. UK customers today expect a bargain when shopping, a trend which has been exacerbated by the recession and price checking online. The reports said discounting cannot be a permanent strategy as margins can only be squeezed so far. It also suggested that consumers now know where to search for a bargain and are willing to wait for the best offer.
– Evans Cycles have been sold to private equity firm ECI Partners (Source: BBC News)
Courtesy of ‘Barclays‘