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

March 30, 2015

Company Results

Achica have reported a 50% increase in sales to £56m for the year to the end of 2013. (Source: The Telegraph)
Achica have reported a 50% increase in sales to £56m for the year to the end of 2013. (Source- The Telegraph

Card Factory have reported an 8.1% increase in revenue to £353.3m for the year to 31 January 2015. Like-for-like sales increased by 1.8% while statutory pre-tax profit was reported at £42.7m for the same period.
DFS have reported a 10.5% increase in group gross sales to £431.2m for the 26 weeks to 31 January 2015.
Game Digital have reported a 0.7% decrease in revenue to £582.1m for the 26 weeks to 24 January 2015. Pre-tax profit was reported at £33.2m for the same period. (Source: Retail Bulletin)
John Lewis have reported a 1.4% decrease in sales for the week to 21 March 2015. Fashion and Home sales increased by 2.9% and 2.7% respectively while Electricals & Home Technology sales decreased by 8.4%. Sales at johnlewis.com increased by 12.7%.
Moss Bros have reported a 5.5% increase in group like-for-like sales to £126m for the 53 weeks to 31 January 2015. Like-for-like retail sales increased by 7.1% while e-commerce sales increased by 58.9% for the same period. Pre-tax profit increased by 9% to £4.8m.
Perrys Motor have reported an 8% increase in revenues to £531m for the year to 31 December 2014. (Source: AM Online)
ScS have reported a 14.5% increase in total sales to £132m for the 26 weeks to 24 January 2015. Online sales increased by 27.6% to £3.7m for the same period.
Topps Tiles have reported a 6.4% increase in total revenue to c.£104m for the 26 weeks to 28 March 2015. Like-for-like revenue is estimated to have increased by 5.2% for the same period.
Waitrose have reported a 1.7% increase in sales (including petrol) for the week to 21 March 2015.

Lifestyle saw a particularly weak performance this week, with like-for-like sales down by 6.0%. This figure represents the lowest like-for-like for the lifestyle sector for over two ears (a figure of -6.6% was recorded on 20 January 2013). Very few lifestyle retailers reported positive like-for-likes this year, with only those dedicated to small ticket seeing the most positive performance. Outdoor goods retailers noted particularly poor like-for-likes, although many had launched online promotions this week and lifestyle non-store sales had helped to mitigate against the sales on the high street.

After a brief excursion into positive territory last week, fashion like-for-likes once again descended into negative territory this week (-4.6%). Despite widespread midseason discounting now underway, stores could not match the strong performance from this time last year when shoppers flocked to the high street in warm weather conditions. There were no discernible differences with designer and budget retailers this week: previous weeks have seen budget retailers boosted by strong footfall in retail parks – something which failed to happen this week. Many reported, as with lifestyle, that poor high street sales had been relieved somewhat by a stronger performance online – but the high street performance is still a disappoint to many retailers.

Homewares bucked the trend this week with like-for-likes positive at +5.6%. Whilst fashion and lifestyle may be in the doldrums, shoppers flocked to home improvement stores with nearly all stores reporting positive like-for-likes this week.

Non-store like-for-likes registered their second best performance over the past six weeks (+24.9%). With poorer weather over the weekend, many shoppers elected to stay indoors to shop rather than face to high street. Furthermore, targeted online promotions by retailers this week helped to lift non-store sales. Lifestyle retailers enjoyed the most buoyant week for non-store, whilst designer retailers also enjoyed a strong week of sales away from the high street.

Clothing, Footwear & Accessories

Amazon is reported to be in ongoing talks to acquire Net-a-Porter Group, five years after the etailer was bought by luxury group Richemont. (Source: Drapers)
Amazon is reported to be in ongoing talks to acquire Net-a-Porter Group, five years after the etailer was bought by luxury group Richemont.

Childrensalon, the online retailer for children’s designer fashion, have revealed a new-look website and blog. (Source: Retail Gazette)
– British heritage brand Ben Sherman has been put up for sale by its US owner Oxford Industries. (Source: Drapers)
British heritage brand Ben Sherman has been put up for sale by its US owner Oxford Industries

H&M have announced plans to open their 23,503 sq. ft. store at Westfield’s The Broadway shopping centre in Bradford. (Source: Retail Bulletin)
Missguided have announced plans to open 250,000 sq. ft. e-fulfilment facility in April 2016, as they expand their geographic reach. (Source: Retail Week)
Missguided have announced plans to open 250,000 sq. ft. e-fulfilment facility in April 2016, as they expand their geographic reach

Scotts have announced plans to open 1,965 sq. ft. store in Wales at the St David’s shopping centre in Cardiff in March 2015. (Source: Retail Bulletin)
SuperGroup have acquired the exclusive rights to distribute ‘Superdry’ products in North America and have also appointed Penny Hughes as their Independent Non-Executive Director, with effect from 1 April 2015. (Source: Retail Gazette / Company Press Release)
Tesco have announced plans to open two F&F outlets in June 2015, followed by one more in August 2015, in Moscow shopping malls, Russia. (Source: Verdict)

Electrical & Entertainment

Game Digital have announced that their Chief Financial Officer, Benedict Smith will leave the business by July 2015. (Source: Reuters)

The ONS Retail Sales figures for February 2015 have revealed that retail sales volumes increased by 5.7% compared to February 2014, while sales values increased by 2.2%. Retail sales volumes increased by 0.7% while retail sales value increased by 0.3% in February 2015 compared to January 2015. The total amount spent in the retail sector (non-seasonally adjusted) for the four week period ending February 2015 stood at £26.5bn.

Food & Drink

Aldi have announced plans to open 1.02 million sq. ft. of space for new shops in 2015, in the UK. (Source: The Telegraph)
Tesco have regained sole ownership of 21 superstores, as a part of plan to strengthen their core UK business. (Source: Reuters)
Heineken is launching a new global multi-media campaign for its Tequila-flavoured beer brand, Desperados. (Source: Just-Drinks)
Heineken is launching a new global multi-media campaign for its Tequila-flavoured beer brand, Desperados

Household

Findel have completed the sale of their Kleeneze home shopping business to Trillium Pond. (Source: Insider Media)
Halfords have appointed Jill McDonald as their new Chief Executive, replacing Matt Davies. (Source: The Independent)
Harvey Nichols have opened a seven-floor store in Baku’s Globus Plaza, Azerbaijan. The 110,000 sq. ft. outlet will be their eighth overseas venture. (Source: The Guardian)
Harvey Nichols have opened a seven-floor store in Baku’s Globus Plaza, Azerbaijan.

Home Retail Group have entered into a charity partnership with Macmillan Cancer Support, which aims to raise £3m for Macmillan by March 2017. (Source: Retail Bulletin)
House of Fraser have announced plans to open three Chinese stores in second-tier cities, namely Nanjing, Xuzhou and Chongqing. (Source: City AM)
Notonthehighstreet.com have appointed Simon Belsham as their Chief Executive, with effect from May 2015. (Source: Drapers)

Courtesy of ‘Barclays

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