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What’s happening in #retail & with brands – trends for w/e 10th April 2015 #retailtrends #retailnews #marketingweek #eventmagazine

April 13, 2015

Company Results

ASOS have reported a 14% increase in group sales to £550.5m for the six months to 28 February 2015. Total retail sales increased by 14% to £536.4m while UK retail sales increased by 27% to £231.4m for the same period. Profit before tax was reported at £18.0m.
ASOS have reported a 14% increase in group sales to £550.5m for the six months to 28 February 2015.

Bonmarché have reported a 0.9% increase in total sales for the 13 weeks to 28 March 2015. Like-for-like store sales decreased by 4.7% for the same period. (Source: Verdict)
Booker have reported a 1.5% increase in total sales to £4.8bn for the year to 27 March 2015. Like-for-like total sales (excluding Makro) increased by 2.3% while internet sales increased by 12% to £874m for the same period. (Source: The Grocer)
– The Co-operative Group’s food retail business saw its underlying operating profit rise by 1.5% to £251m in the year to 03 January 2015, with like-for-like sales up by 0.3% and by 3.2% in the core convenience business.
Dunelm have reported a 10.7% increase in total sales to £216.2m for the 13 weeks to 28 March 2015. Like-for-like sales increased by 4.9% to £190.3m for the same period.
The Entertainer have reported a 12% increase in turnover to £140m in 2014. Like-for-like sales increased by 9% for the same period. (Source: Verdict)
Findel have reported a 2.7% increase in group sales for the year to 27 March 2015.
John Lewis have reported a 20.9% increase in sales for the week to 04 April 2015. Fashion and Home sales increased by 22.6% and 18.9% respectively while Electricals & Home Technology sales increased by 22.4%. Sales at johnlewis.com increased by 28.2%.
Missguided have reported a 70% increase in sales to £86m for the year to the end of March 2015. Pre tax profit was reported at £5.5m for the same period. (Source: The Telegraph)
Missguided have reported a 70% increase in sales to £86m for the year to the end of March 2015

Kingfisher have reported a 1.4% decrease in total sales to £10.9bn for the year to 31 January 2015. Retail profit decreased by 5.9% to £733m, while UK & Ireland sales increased by 5.4% to £4.6bn for the same period. Pre tax profit was reported at £675m.
M&S have reported a 1.9% increase in group sales for the 13 weeks to 28 March 2015. Total UK sales increased by 2.7% while, UK like-for-like sales increased by 0.7% for the same period. Online sales increased by 13.8%.
Mulberry have reported a 1% increase in total retail sales for the 52 weeks to 28 March 2015, while retail like-for-like sales declined by 2% for the same period.
Signet have reported a 7.5% increase in UK like-for-like sales for the 13 weeks to 31 January 2015. (Source: Retail Bulletin)
Waitrose have reported a 22.5% increase in sales (including petrol) for the week to 04 April 2015.

Lifestyle like-for-likes were up by +2.3% for the week with department stores, stationery retailers and homewares chains the biggest gainers for the week. Despite the Easter weekend and the promise of improved weather, outdoor goods retailers failed to see a spike in sales. Although overall footfall was up, lifestyle retailers who rely heavily on high street (rather than shopping centre and/or retail park location) suffered from a muted performance due to footfall being relatively stagnant compared to last year (+0.6%).

After a number of weeks in the doldrums, fashion like-for-likes improved by +6.1% compared to this week last year – the best like-for-like improvement since the first week of January). There was, however, a degree of polarisation within the results: department stores and budget fashion retailers generally enjoyed the best results this week, with footwear like-for-likes also up significantly (+9.9%). High-end designer retailers saw more modest results this week. A number of fashion retailers launched discounting over the Easter weekend which resulted in improvements in sales.

Homewares also enjoyed a like-for-like improvement of +4.7%. Although soft furnishings and department stores enjoyed improved sales again compared to this week last year, DIY stores also saw gains on the previous year as consumers took advantage of the long weekend to make home upgrades.

Non-store like-for-likes returned to more comfortable territory this week (+22.2) after a very disappointing performance in the previous week. Fashion non-store sales were particularly strong due to targeted online promotions with like-for-likes up by 27.0%. There were a number of instances of fashion retailers reporting three digit percentage increases compared to this week last year, with designer retailers noting the best non-store sales increases.

Clothing, Footwear & Accessories

Bank Fashion’s administrators have started the process for selling off the brand and intellectual property assets of the business. (Source: Retail Bulletin)
Boohoo.com have announced plans to launch a capsule collection of around 100 items to be sold on ASOS for a trial basis, as they look to increase brand awareness in the UK and across international markets. (Source: Drapers)
Clarks have opened a new 346 sq. mt. store at Centre:mk in Milton Keynes. (Source: Retail Times)
Gant have opened a new 1,860 sq. ft. store at London’s St Pancras station, adding to Gant’s 18 standalone UK stores. (Source: Fashion United)
Lyle & Scott have introduced beacon technology at their flagship store in London’s Carnaby Street. (Source: Fashion United)
Net-a Porter have announced plans to merge with Italian online retail group Yoox, in an all-shares transaction. (Source: Financial Times)
Net-a Porter have announced plans to merge with Italian online retail group Yoox, in an all-shares transaction

Ralph Lauren have announced changes to their executive management team, including the promotion of Christopher Peterson to the new role of President, Global Brands. (Source: Just-Style)
River Island have opened a new 23,000 sq. ft. flagship store in Birmingham’s Bullring shopping centre, based on a new concept called ‘The Event’. (Source: Drapers)
Very.co.uk have expanded their branded fashion offer by signing up high street names Miss Selfridge, Warehouse and Coast. (Source: Retail Week)

Electrical & Entertainment

Cass Art have opened their first 4,797 sq. ft. store in the North West at Liverpool ONE. (Source: Insider Media)
Maplin have relocated their Leicester store to the new 4,715 sq. ft. unit at St George’s Retail Park, as a part of a £230,000 investment. (Source: Leicester Mercury)

Food & Drink

Aldi have announced plans to open eight new stores in the London area in 2015. (Source: Verdict)
Camden Town Brewery has agreed to sell a 20% stake to a small group of private investors for around GBP10m (Source: Just Drinks).
Camden Town Brewery has agreed to sell a 20% stake to a small group of private investors for around GBP10m

The Co-operative Group have announced plans to open more than 100 new convenience stores in 2015. (Source: Company Press Release)
Majestic Wine have announced the purchase of Naked Wines and have also appointed Rowan Gormley as their new Chief Executive. (Source: Financial Times)
Nisa Retail have donated £65,000 to over 100 worthy causes and charities based in Scunthorpe and the surrounding areas. (Source: Retail Bulletin)
Carlsberg has said it expects its beer tap billboard initiative in the UK to be a “one-off”, despite hailing the activity as a success. (Source: Just Drinks)
Carlsberg has said it expects its beer tap billboard initiative in the UK to be a “one-off”, despite hailing the activity as a success.

Sainsbury’s have announced plans to strengthen their in-house digital and technology capabilities by creating 480 specialist jobs in London and Coventry. (Source: Company Press Release)

Household

Habitat have launched 5,600 sq. ft. concept store at the Homebase store in Chichester, their 35th and largest new mini Habitat store till date. (Source: Retail Bulletin)
Hamleys have opened a 7,000 sq. mt. toy shop in Moscow that will push a more experiential offering to their other stores. (Source: The Drum)
John Lewis have announced plans to expand their international footprint by opening ‘shop-in-shops’ in 11 branches of SM department stores and ‘Our Home’ stores in the Philippines. (Source: Reuters)
LloydsPharmacy have opened their second Betterlife store in Wells Green, Birmingham, as they continue with their expansion plans. (Source: Retail Bulletin)
Vision Express have launched their charitable foundation in partnerships with six sight-related charities across the UK and Ireland. (Source: Company Press Release)
Waitrose have re-launched their flower and gifts websites, in a further expansion of their online growth. (Source: Company Press Release)

Courtesy of ‘Barclays

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