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What’s happening in #retail & with brands – trends for w/e 9th January 2015 #retailtrends #retailnews #marketingweek #eventmagazine

January 12, 2015

Company Results

Ann Summers have reported a 12% decrease in sales to £101m for the year to 28 June 2014. Pre-tax loss was reported as £3.6m for the same period. (Source: Retail Week)
Boohoo.com have reported a 25% increase in total sales to £50.8m for the four months to 31 December 2014. UK sales increased by 25% to £34.2m for the same period. The company also warned that profits will be more than 25% below City expectations after pre-Christmas marketing the warm weather impacted their sales.
Boohoo.com have reported a 25% increase in total sales to £50.8m for the four months to 31 December 2014

Blue Inc. have reported a 2.8% increase in like-for-like sales for the five weeks to 04 January 2015. (Source: Drapers)
Boux Avenue have reported a 48% increase in sales to £27m for the year to 29 March 2014. Like-for-like sales increased by 27.2% while operating loss was reported at £5.8m for the same period. (Source: Retail Week)
Boux Avenue have reported a 48% increase in sales to £27m for the year to 29 March 2014

Cook have reported a 20% increase in total sales for the four weeks to 28 December 2014. Like-for-like sales increased by 8.2% for the same period. (Source: Retail Bulletin)
DFS have reported a 15.3% increase in group gross sales to £197m for the 13 weeks to 01 November 2014.
Dunelm have reported a 14.0% increase in sales to £406.4m for the 26 weeks to 27 December 2014. Like-for-like sales increased by 6.2% for the same period.
The Entertainer have reported a 12.2% increase in total sales for the five weeks to 27 December 2014. Like-for-like sales increased by 5.5% while total store sales increased by 10.5% for the same period. Online sales increased by 60%. (Source: Retail Week)
Fortnum & Mason have reported a 22.8% increase in total sales for the five weeks to 4 January 2015. Like-for-like sales increased by 18.3% while online sales increased by 31% for the same period. (Source: The Grocer)
Fortnum & Mason have reported a 22.8% increase in total sales for the five weeks to 4 January 2015

Foyles have reported an 8.1% increase in like-for-like sales for December 2014. (Source: Retail Week)
The Fragrance Shop have reported an 11.8% increase in total sales for five weeks to 27 December 2014. Underlying like-for-like sales increased by 5% for the same period. (Source: Retail Bulletin)
House of Fraser have reported an 8% increase in like-for-like sales for the six weeks to 03 January 2015. Online sales increased by 31.2% for the same period. (Source: Retail Bulletin)
Jigsaw have reported a 13% increase in sales for the five weeks to 3 January 2015. Like-for-like sales increased by 10% for the same period. (Source: Drapers)
John Lewis have reported a 5.8% increase in total sales to £777m for the five weeks to 27 December 2014. Like-for-like sales increased by 4.8% while online sales grew by 19% for the same period.
Majestic Wine have reported a 3.7% increase in total store sales for the 10 weeks to 05 January 2015. UK like-for-like store sales increased by 1.1% for the same period.
Maplin have reported a 3% increase in like-for-like sales for the 4 weeks to 26 December 2014. Online sales increased by 24% for the same period. (Source: Retail Bulletin)
M&S have reported a 1.6% decrease in group sales for the 13 weeks to 27 December 2014. Total UK sales decreased by 1.1% while, UK like-for-like sales decreased by 2.7% for the same period. Online sales decreased by 5.9%.
Next have reported a 2.9% increase in total sales for the 58 days to 24 December 2014. Next retail sales increased by 0.5% while directory sales increased by 7.5% for the same period.
Poundstretcher have reported a 14.8% increase in total sales for the five weeks to 30 December 2014. Like-for-like sales increased by 10.4% while food sales increased by 47.7% for the same period. (Source: The Grocer)
Radley have reported an 11% increase in like-for-like sales for the eight weeks to 31 December 2014. (Source: Drapers)
Radley bags, radley handbags, radley purses, bags, handbags,purses

Robert Dyas have reported an 8.6% increase in sales to £134.2m for the year to 29 March 2014. Like-for-like sales increased by 8.3% while operating profit increased by 7.2% to £5.2m for the same period. (Source: Retail Week)
Russell & Bromley have reported a 9.5% increase in sales to £117.6m for the year to 31 December 2013. Pre-tax profit increased by 12.5% to £21.9m for the same period. (Source: The Guardian)
Ryman have reported a 4.2% increase in sales to £130.6m for the year to 29 March 2014. Like-for-like sales increased by 3.7% while operating profit increased by 5.6% to £7.5m for the same period. (Source: Retail Week)
Sainsbury’s have reported a 0.4% decrease in total retail sales (excluding fuel) for the 14 weeks to 03 January 2015. Like-for-like retail sales decreased by 1.7% (excluding fuel) for the same period.
Ted Baker have reported a 22.8% increase in retail sales for the eight weeks to 03 January 2015. Online sales increased by 65.7% for the same period.
Tesco have reported a 2.7% decrease in group sales (including VAT & excluding fuel) for the 19 weeks to 03 January 2015. UK sales decreased by 2.9% for the same period.
Tiger have reported a 49.5% increase in group sales to £7.7m for December 2014. Like-for-like sales increased by 6.5% for the same period. (Source: Retail Bulletin)
Topps Tiles have reported a 6% increase in like-for-like sales for the 13 weeks to 27 December 2014.
Victoria Beckham have reported a turnover of £30.4m in 2013 from £15.8m in 2012. (Source: The Independent)
Victoria Beckham have reported a turnover of £30.4m in 2013 from £15.8m in 2012

Waitrose have reported a 7.0% increase in total sales (excluding fuel) to £728m for the five weeks to 03 January 2015. Like-for-like sales increased by 2.8% while online sales grew by 26.3% for the same period.
The Works have reported a 6% increase in like-for-like sales for the six weeks to 28 December 2014. Like-for-like online sales increased by 140% for the same period. (Source: Retail Bulletin)

Lifestyle sales were very strong across the board with small ticket and big ticket items selling well in a promotional environment. Outdoor goods were particularly strong whilst the only weakness came surprisingly from fitness related products.

Driven by discounting, fashion sales hit the highest levels since the week ending the 20th of April last year. There were no real areas of weakness with the vast majority of retailers in positive territory.

Homewares underperformed versus the wider retail market with half the contributors actually in negative territory. With my consumers purchasing homewares heavily pre-Christmas, a slight retrenchment in spend is unsurprising.

Non-store sales soared this week with consumers taking advantage of the combination of heavy discounting and convenience of home-shopping. Lifestyle sales proved the strongest this week though homewares and fashion still exceeded expectations.

Clothing, Footwear & Accessories

Burberry have chosen Seoul as the location for their first Burberry Beauty Box store in Asia. (Source: Retail Bulletin)
Burberry have chosen Seoul as the location for their first Burberry Beauty Box store in Asia.

Jigsaw have opened a new 2,656 sq. ft. store at the Centre:mk in Milton Keynes. (Source: Retail Bulletin)
M&Co have appointed Carat Scotland to handle their media planning and buying account worth £1.5m, to help increase footfall their stores and traffic at their e-commerce site. (Source: The Drum)
Missguided have expanded into activewear by launching a collection of gym and leisurewear. (Source: Drapers)
Missguided have expanded into activewear by launching a collection of gym and leisurewear

TM Lewin have opened their new flagship store at 388 Oxford Street, London, as a pop-up ahead of an official opening in the New Year. (Source: Drapers)
Miss Sixty is relocating its Carnaby Street store to Mount Street this spring as it prepares to relaunch as a premium brand. (Source: Drapers)

New study by Creditsafe shows that the top regional centre for retail business growth was Croydon which is expected to still expand further with Westfield and Hammerson’s £1bn redevelopment of Croydon town centre. This was followed by Manchester and Birmingham. The research also reveals that outside of Glasgow and Edinburgh, regional retail expansion in Scotland is experiencing limited retail growth. Scottish locations dominated the top 10 centres of retail decline and low growth in the UK.

Food & Drink

Nisa have appointed Nick Read as their new Chief Executive. (Source: The Grocer)
Tesco have announced strong cost cutting measures and the closure of 43 stores including their Cheshunt head office along with price cuts. The retailer has also announced the sale of their Blinkbox video service along with their broadband & home phone line business. (Source: Verdict)
Tesco have announced strong cost cutting measures and the closure of 43 stores including their Cheshunt head office

The Coca-Cola Co is to axe up to 1,800 jobs across the world as a cost-cutting programme designed to save US$3bn over the next four years kicks in to gear. (Source: Just Drinks)
Concha y Toro is giving its Casillero del Diablo brand a major push in the UK through a one-year link-up with British Sky Broadcasting. (Source: Just Drinks)

A new survey by British Retail Consortium has revealed that retailers are optimistic about 2015 with many predicting an improvement in sales and increases in both investment and employment levels over the next twelve months. 76% of respondents said that they expect their sales to improve in 2015 compared with 2014. In addition, some 67% of retailers said that their investment levels are set to increase and 78% said they will be likely to employ more staff next year. When asked to list their top concerns for the year ahead, 68% cited weak consumer demand while 53% said continuing pressure of business rates. Meanwhile, some 47% of respondents said they are worried about weakness in the economy. When asked what changes the Government could bring forward to make the UK a better place to do business, 74% of retailers questioned suggested a fundamental reform of business rates.

Household

Kingfisher have agreed to sell a 70% stake in their B&Q China business to Wumei Holdings in a £140m deal. The deal is expected to close by first half of 2015. (Source: The Telegraph)
Next have opened a new £10m, 60,000 sq. ft. home and garden store in Sheffield. The store has created 60 new jobs and will offer the retailer’s full range of home products including homewares, DIY and garden products. (Source: Retail Bulletin)
Next have opened a new £10m, 60,000 sq. ft. home and garden store in Sheffield

Robert Dyas have announced plans to open a 160,000 sq. ft. facility in Hemel Hempstead in 2015, and invest £5m into extra distribution and warehousing capacity, providing them the scope to double sales to £250m. (Source: Verdict)
Shop Direct have raised almost £140,000 for charity at their third bi-annual charity ball held in December 2014. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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