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What’s happening in #retail & with brands – trends for w/e 27th February 2015 #retailtrends #retailnews #marketingweek #eventmagazine

March 2, 2015

Company Results

Fyffes have reported a 0.8% increase in total revenue for the year to 31 December 2014, while profit before tax increased by 33.1% to €38.2m for the same period.
John Lewis have reported a 3.5% increase in sales for the week to 21 February 2015. Fashion and Home sales increased by 5.8% each, while Electricals & Home Technology sales increased by 0.1%. Sales at johnlewis.com increased by 16.7%.
Lush have reported an 8% increase in sales to £454.1m for the year to 30 June 2014. Pre-tax profit increased by 8% to £23.3m while like-for-like sales increased by 9.1% for the same period. (Source: Retail Week)
TK Maxx owner, TJX, has reported an 11% rise in total profits to $648.2m (£417.6m) for the three months to January 31. (Source: Drapers)
TK Maxx owner, TJX, has reported an 11% rise in total profits to $648.2m (£417.6m) for the three months to January 31.

The lifestyle sector saw like-for-likes increase by +0.6% this week – a quite exceptional improvement given brands which retail outdoor goods noted a significant slump this week as colder weather returned. Department stores noted particularly strong like-for-likes, with the boost to real incomes driving consumers to spend on an already strong 2014 base.

Fashion was the worst performer on the like-for-like index this week, with like-for-likes slumping by -2.9%. Promotional activity declined, particularly amongst designer fashion brand retailers, which led to a slump in sales – although some retailers cited that margins had increased. Fashion sales in department stores were particularly strong and sales amongst budget retailers outperformed those of their designer peers as consumers continued to search for bargain.

Homewares saw an encouraging 3.2% increase in like-for-likes this year, despite being off a very strong base. Like-for-likes were dragged up by furnishings stores having a particularly strong week.

Non-store sales rose by 16.6% this week. This is a better performance than last week when non-store like-for-likes reached a short-term historic low of 10.7%. The online market is continuing to mature, and seeing regularly like-for-likes greater than 30% will become less and less common. In a reverse to the situation seen on the high street, the strongest online performers this week were high-end fashion retailers, particularly those who were still offering discounting on winter items.

Clothing, Footwear & Accessories

Bremont have announced plans to launch their first standalone store in early spring 2015, at 501 Madison Avenue building, Manhattan, US. (Source: Retail Bulletin)
Bremont have announced plans to launch their first standalone store in early spring 2015, at 501 Madison Avenue building, Manhattan, US

La Martina have opened their first UK flagship store at The Crown Estate, London. (Source: Retail Bulletin)
Madewell have launched their denim brand in the UK via Net-a-Porter.com. (Source: The Telegraph)
Next have signed a lease agreement for 10,000 sq. ft. space at the Resorts World Birmingham leisure and entertainment complex at the NEC. (Source: Drapers)
SuperGroup have announced that their Chief Financial Officer, Shaun Wills, has stepped down and will be replaced by Nick Wharton on an interim basis. (Source: The Telegraph)

Food & Drink

Diageo has unveiled a new “smart bottle” that can send consumers targeted marketing even after purchase. (Source: Just Drinks)
Diageo has unveiled a new “smart bottle” that can send consumers targeted marketing even after purchase

Asda have acquired 15 standalone petrol stations across the UK from Rontec, as a part of their five-year strategy to open 100 standalone petrol stations by 2018. (Source: The Grocer)
Bargain Booze owner Conviviality Retail have entered into a ten year franchise agreement with Jonathan James to run their 36 newly acquired GT stores. (Source: The Grocer)
Holland & Barrett have announced plans to expand their Nuneaton head office team by 30 new members, after strong period of growth. (Source: Retail Week)
Marks & Spencer have announced plans to carry out two audits per year for every food supplier from April 2015. (Source: Verdict)
Morrisons have appointed David Potts as their new Chief Executive, replacing Dalton Philips. (Source: The Telegraph)
– The George Clooney-owned Tequila Casamigos has launched into the UK as the brand expands its international footprint
George Clooney-owned Tequila Casamigos has launched into the UK as the brand expands its international footprint

According to data from the IMRG Capgemini Quarterly Benchmarking Q4 (November 2014 – January 2015), 40% of UK online sales were via mobile devices. Smartphones accounted for 10% of online sales, while tablet devices accounted for 30% of e-retail sales during Q4 2014-15. Visits to retail websites via mobile devices now account for 53% of the online traffic. Online clothing and fashion retailers have a higher mobile commerce penetration rate, with 45% of their total e-retail sales completed via smartphones and tablets during Q4 2014-15.

Household

BHS have announced that their Managing Director, Richard Price, will leave the retailer. (Source: Drapers)
Heal’s have announced plans to close their 14,000 sq. ft. branch in London’s King’s Road, at the end of March 2015. (Source: Verdict)
John Lewis Partnership have announced Trevor Phillips as their Partnership Council President, replacing David Jones with effect from 25 March 2015. (Source: The Times)
Superdrug have opened their 3,048 sq. ft. new health and wellbeing concept store on Watford High Street. (Source: Retail Bulletin)
Tesco have launched an online beauty consultation service using ‘Google Plus’ video conferencing technology. (Source: Retail Week)
Topps Tiles have appointed Darren Shapland as their new Chairman, replacing Michael Jack with effect from 19 March 2015. (Source: Retail Bulletin)
Vision Express have teamed up with Al-Ain International Welfare Trust to provide 2,000 glasses for healthcare camps across Pakistan, as part of an aid programme supporting disadvantaged communities. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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