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What’s happening in #retail & with brands – trends for w/e 20th February 2015 #retailtrends #retailnews #marketingweek #eventmagazine

February 23, 2015

Company Results

The Edinburgh Woollen Mill have reported a 6.2% increase in total sales for the five weeks to 03 January 2015. Like-for-like sales increased by 2.7% while online sales increased by 23.4% for the same period. (Source: Retail Bulletin)
Foyles have reported a 2.2% increase in turnover to £23.4m for the year to June 2014. (Source: Retail Bulletin)
Foyles have reported a 2.2% increase in turnover to £23.4m for the year to June 2014

John Lewis have reported a 3.4% increase in sales for the week to 14 February 2015. Fashion and Home sales increased by 5.7% and 7.9% respectively while Electricals & Home Technology sales declined by 2.7%. Sales at johnlewis.com increased by 14.1%.
Pendragon have reported a 3.9% increase in sales to £4bn for the year to 31 December 2014. Underlying profit before tax increased by 36.2% to £60.2m for the same period.
Sports Direct have reported a 2.6% increase in group sales to £771m for the 13 weeks to 25 January 2015. Sports Retail sales increased by 2.7% to £643.2m while premium lifestyle sales decreased by 0.4% to £70.9m for the same period. The brands division revenue increased by 4.8% to £56.9m.
Waitrose have reported a 0.8% decrease in sales (including petrol) for the week to 14 February 2015.

Whilst sales in outdoor activity shops continued to slump this week in the face of poor weather conditions, the lifestyle sector was boosted by strong performance by both department stores and small ticket gifting retailers which meant overall lifestyle like-for-likes rose by +0.8%. Once again, Valentines’ Day failed to provide a huge boost to sales, with those offering the most targeted Valentines’ Day promotions the retailers who reaped the greatest gains.

Fashion like-for-likes were up by +2.2%, albeit off a weak base in 2014 after many retailers suffered after flooding hit many parts of the UK. Whilst some chains chose this week to end their winter sales, those which continued discounting reaped the largest gains this week. Designer fashion retailers noted a significant improvement on results this year, due in part to more targeted Valentines’ Day promotions, but also due to increased consumer confidence leading towards more lavish purchases for Valentines’ Day. Good weather conditions meant the high street performed comparatively well this week.

Homewares saw like-for-likes improve by +3.6%; a sound improvement, especially off a strong base in the previous year. DIY stores saw a notable decline in like-for-likes, whereas department stores boosted the figure to positive territory.

Non-store like-for-likes were in positive territory (+10.7%), although this is the lowest rise in non-store like-for-likes we have noted since September 2013. However, the relatively weak increase is primarily down to particularly strong non-store like-for-likes this week last year after shoppers kept away from high streets as rain deluged the country. Whilst online lifestyle sales were up by +18.1%, a rise in online fashion like-for-likes of just +4.7% dragged the overall figure down. In contrast to the physical high street, it was designer retailers which noted the greatest online slumps.

Clothing, Footwear & Accessories

– The British Fashion Council have announced plans to open their second Contemporary Shop on eBay, ahead of London Fashion Week AW15. The online boutique will open from 20 February 2015 to 11 March 2015. (Source: The Drum)
Grabble, the mobile shopping app, has secured £1.2m of funding from angel investors and hired former Outnet.com stylist Cherry Collins as its fashion director. (Source: Drapers)
Grabble, the mobile shopping app, has secured £1.2m of funding from angel investors and hired former Outnet.com stylist Cherry Collins as its fashion director.

House of Fraser have announced that their Chief Executive, John King, will step down after eight years in the role and will be replaced by their current Chief Operating Officer, Nigel Oddy. (Source: The Drum)
Monsoon Accessorize have announced that their Chief Executive, John Browett, has stepped down from the company and will be replaced by Financial Director, Paul Allen, on an interim basis. (Source: Drapers)
Sainsbury’s have collaborated with Lulu Guinness to create limited edition shopping bags to celebrate Red Nose Day and raise money for Comic Relief. (Source: Retail Bulletin)
ShopDirect have launched their new luxury brand ‘VeryExclusive’, headed by Sarah Curran. (Source: Retail Gazette)
Ted Baker have announced plans to introduce beacon technology into their Westfield’s White City store, allowing shoppers to get details on the clothes & accessories displayed in-store. (Source: Retail Week)
Topshop have partnered with Twitter to analyse real-time trends during London Fashion Week, which they will display on digital billboards across the country. (Source: Drapers)
Topshop have partnered with Twitter to analyse real-time trends during London Fashion Week, which they will display on digital billboards across the country

Electrical & Entertainment

Maplin have announced plans to focus on next-generation products including home-automation devices and drones as they seek to triple their range by 2018. (Source: Retail Week)

Food & Drink

– The head of Carlsberg is to step down as the brewer’s ongoing troubles resulted in a slide in full-year net profits. (Source: Just Drinks)
The Co-operative Group have appointed Allan Leighton as their first Independent Non-Executive Chairman under their reformed governance structure, replacing Ursula Lidbetter with immediate effect. (Source: The Guardian)
Carlsberg has unveiled a new GBP12m TV ad in the UK, part of its long-running “If Carlsberg did…” campaign for its namesake lager brand. (Source: Just Drinks)
Carlsberg has unveiled a new GBP12m TV ad in the UK, part of its long-running “If Carlsberg did…” campaign for its namesake lager brand

Majestic Wine have announced that their Chief Executive, Steve Lewis, has stepped down from the company and will be replaced by Finance Director, Nigel Alldritt, on an interim basis. (Source: The Telegraph)
Morrisons have announced plans to cut the prices of some staple grocery items, by over 50% as they look to win back customers. (Source: The Telegraph)
Sainsbury’s have announced plans to trial electronic pricing tags as they seek to reduce the use of paper and update prices automatically. (Source: Retail Bulletin)
Tesco have appointed John Allan as their new Chairman with effect from 01 March 2015, replacing Richard Broadbent. (Source: The Drapers)
Tesco have announced plans to set up a £20,000 ‘community fund’ to support residents in the Cambridgeshire towns of Chatteris and Whittlesey, after the retailer decided to axe their 47,000 sq. ft. store in Chatteris and plans to abandon 36,000 sq. ft. store in Whittlesey. (Source: The Grocer)

Household

Chemist Direct have appointed Mark Livingstone as their new Chief Executive. (Source: Retail Bulletin)
Luxury Living have opened their first London store in Knightsbridge. (Source: Retail Bulletin)
Luxury Living have opened their first London store in Knightsbridge

Rolling Luggage have been acquired by Samsonite from Rcapital.
Wiggle have announced plans to work with BrandOpus to redesign their brand identity as the retailer expands their global presence. (Source: The Drum)

Courtesy of ‘Barclays

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