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What’s happening in #retail & with brands – trends for w/e 17th April 2015 #retailtrends #retailnews #marketingweek #eventmagazine

April 20, 2015

Company Results

Burberry have reported a 9% increase in total revenue to £1.4bn for the six months to 31 March 2015. Retail revenue increased by 13% to £1.1bn while comparable sales increased by 9% for the same period. Wholesale revenue were reported at £331m.
Burberry have reported a 9% increase in total revenue to £1.4bn for the six months to 31 March 2015.

Debenhams have reported a 2.3% increase in group revenue to £1.6bn for the 26 weeks to 28 February 2015. Group like-for-like sales increased by 1.3% and UK sales increased by 2.5% to £1.3bn for the same period. Group pre-tax profit increased by 4.3% to £88.9m.
JD Sports have reported a 25% increase in sales to £1.5bn for the 52 weeks to 31 January 2015. Like-for-like store sales increased by 13% while pre-tax profit increased by 18% to £90.5m for the same period.
John Lewis have reported a 6.8% decrease in sales for the week to 11 April 2015. Fashion and Home sales decreased by 2.0% and 12.5% respectively while Electricals & Home Technology sales decreased by 4.3%. Sales at johnlewis.com increased by 16.1%.
Joules have reported a 27.8% increase in retail sales while direct sales increased by 96.3% for the two weeks over Easter. (Source: Retail Bulletin)
Waitrose have reported a 9.7% decrease in sales (including petrol) for the week to 11 April 2015.
Waitrose have reported a 9.7% decrease in sales (including petrol) for the week to 11 April 2015.

Laura Ashley have reported a 3.1% increase in total group sales to £303.6m for the 53 weeks to 31 January 2015. Like-for-like sales increased by 1.3% while pre-tax profit increased by 14.6% to £23.5m for the same period. (Source: Retail Bulletin)
Maplin have reported a 6.3% increase in total sales to £237m for the full year while like-for-like sales increased by 4.3% for the same period. (Source: Retail Bulletin)
Mothercare have reported a 4.1% increase in worldwide sales for the 11 weeks to 28 March 2015. Total UK sales increased by 1.5% while UK online sales increased by 31.8% for the same period. UK like-for-like sales increased by 5.1%.
Poundland have reported an 11.8% increase in sales (excluding Spain) to £1.1bn for the 12 months to 29 March 2015. Like-for-like sales increased by 2.4% for the same period.
WH Smith have reported a 4% increase in group pre-tax profit to £72m for the six months to 28 February 2015. Total group sales remained flat while group like-for-like sales decreased by 2% for the same period. High street total sales declined by 5%.

Lifestyle saw the biggest decline in like-for-like sales this week (-7.6%). Very few retailers reported positive like-for-likes this week, although outdoor goods retailers enjoyed their strongest like-for-like sales performance for a number of weeks. Whilst the decline can be somewhat attributed to the Easter period and the spell of good weather this time last year, the sales performance represents a larger fall than in Easter week last year when lifestyle retailers noted a decline of just -1.5%.

Whilst a negative figure should not be celebrated, a like-for-like decline of just -1.4% represents a solid performance for the fashion index: fashion like-for-likes have only been in positive territory twice in the past eight weeks, and the index has outperformed the other indices – something which has only happened on two other occasions this year. There was a polarisation in results received this week, although designer fashion retailers largely outperformed their budget peers. It was once again retailers which launched post-Easter discounting which saw the biggest increase in sales this week. Footwear outperformed the overall fashion index with like-for-likes up by 3.0%.

Homeware like-for-likes also fell this week to -6.1% with the decline being led by soft furnishings. It should be noted that homewares enjoyed particularly strong sales this week last year as shoppers spent on home improvement items ahead of Easter week, so comparisons are off a strong base.

The drop in store sales did not translate into increased non-store sales with like-for-likes up by +12.6% – a relatively poor performance for the index. Non-store fashion was the poorest performer, with like-for-likes rising by just +1.8%. Interestingly, homewares saw a particularly strong week for remote sales with like-for-likes rising by +31.8%.

Clothing, Footwear & Accessories

ASOS have appointed Helen Ashton as their new Group Chief Financial Officer, with effect from 01 September 2015. Ashton will succeed Nick Beighton, who has taken on the role of Chief Operating Officer. (Source: Retail Gazette)
Bank Fashion’s administrators have revealed that they will close the remaining nine stores by the end of April 2015. (Source: Retail Week)
Debenhams have appointed Terry Duddy as their Non-Executive Director. (Source: City AM)
Hackett have announced plans to open a 2,701 sq. ft. store at Bluewater shopping centre in Kent. (Source: Drapers)
Hackett have announced plans to open a 2,701 sq. ft. store at Bluewater shopping centre in Kent

M&S have appointed Richard Solomons as their new Non-Executive Director. (Source: The Independent)
Office, the footwear retailer have announced plans to open a 2,300 sq. ft. store at the Intu shopping centre in Derby in summer 2015. (Source: Drapers)

Electrical & Entertainment

Dixons Carphone have entered into an agreement to sell ‘The Phone House Deutschland’ to Drillisch, a mobile virtual network operator in Germany. (Source: Financial Times)

Food & Drink

Bacardi has appointed BBDO Worldwide and OMD Worldwide both part of Omnicome Group to lead its multimedia and advertising business. Brands included in the move are: Bacardi rum, Martini vermouth, Bombay Sapphire gin, Dewar’s Scotch, William Lawson Scotch, Grey Goose vodka, and Cazadores Tequila.
Bacardi has appointed BBDO Worldwide and OMD Worldwide – both part of Omnicome Group – to lead its multimedia and advertising business

Morrisons have announced plans to hire 5,000 staff for their stores and cut up to 720 jobs at their head office in the retailer’s latest strategic shift. (Source: The Telegraph)
Sainsbury’s have announced plans to convert 6% of their shop space into non-food, in an effort to tackle falling grocery sales. (Source: The Telegraph)
Tesco have bought up the remaining stake of the Euphorium bakery chain, despite reports that they plan to scrap the venture. (Source: The Grocer)
Waitrose have opened a fifth shop in the Borough of Hammersmith and Fulham, West Kensington, creating 44 new jobs. (Source: Retail Bulletin)

The latest figures from the IMRG Capgemini e-Retail Sales Index have revealed that online retail sales increased by 9% year-on-year in March 2015 while they increased by 11% on February 2015, suggesting that the index has recorded only single-digit growth for each month in Q1 2015 – the first time this has happened in any quarter. During Q1 2015 online sales grew by just 7% compared to Q1 2014, however, this is on the back of a strong performance in Q1 2014 when annual growth stood at 17% – the strongest Q1 growth seen since 2011.

Household

Halfords have announced that their Chief Financial Officer, Andrew Findlay will step down from the role in October 2015. (Source: Retail Week)
LloydsPharmacy have launched a major national marketing campaign to raise awareness of their brand as an integrated healthcare provider. (Source: Retail Bulletin)
Royal Selangor have announced plans to launch their first 1,317 sq. ft. standalone store at London’s King’s Road. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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