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What’s happening in #retail & with brands – trends for w/e 1st May 2015 #retailtrends #retailnews #marketingweek #eventmagazine

May 4, 2015

Company Results

Argos have reported a 1.1% increase in sales to £4.1bn for the 52 weeks to 28 February 2015. Like-for-like sales increased by 0.6% for the same period.
Greggs have reported a 5.0% increase in total sales for the 16 weeks to 25 April 2015. Own shop like-for-like sales increased by 5.9% for the same period. (Source: Retail Bulletin)
Homebase have reported a 0.7% decrease in sales to £1.5bn for the 52 weeks to 28 February 2015. Like-for-like sales increased by 2.3% for the same period.
Home Retail Group have reported a 1% increase in sales to £5.7bn for the 52 weeks to 28 February 2015. Pre-tax profit increased by 32% to £93.8m for the same period.
IKEA UK have reported an 11.6% increase in sales for the year to 31 August 2014. Pre-tax profit decreased by 10.6% to £41.8m for the same period. (Source: Verdict)
IKEA UK have reported an 11.6% increase in sales for the year to 31 August 2014.

John Lewis have reported a 1.1% increase in sales for the week to 25 April 2015. Fashion and Home sales increased by 18.5% and 4.1% respectively while Electricals & Home Technology sales decreased by 16.5%. Sales at johnlewis.com increased by 10.9%.
N Brown have reported total group revenue flat at £818m for the 52 weeks to 28 February 2015. Profit before tax decreased by 21.2% to £76.3m while online sales increased by 59% for the same period.
Next have reported a 4.1% increase in total sales for the 13 weeks to 25 April 2015. Next retail sales increased by 0.5% while directory sales increased by 9.2% for the same period.
Next have reported a 4.1% increase in total sales for the 13 weeks to 25 April 2015

Scotmid have reported a 1.2% increase in turnover to £436m for the year to end January 2015. Operating profit was reported at £5.5m for the same period. (Source: Retail Bulletin)
Thorntons have reported a 6.0% decrease in total sales to £54.2m for the 15 weeks to 25 April 2015. Retail sales decreased by 5.4% to £27.7m while retail like-for-like sales increased by 0.1% for the same period.
Waitrose have reported a 9.4% increase in sales (including petrol) for the week to 25 April 2015.

Lifestyle was this week’s only disappoint, with like-for-likes falling by -2.1% off an already weak base. Like-for-likes were universally down across all categories, although department stores provided some boost to the deflated figures. Electrical and small ticket gift retailers had a particularly troublesome week, whilst those with a reliance on sales from outlets in shopping centres also suffered from low footfall: shopping centre footfall was down by 1.9% compared to this week last year.

With the exception of a strong week three weeks ago over the Easter period, fashion like-for-likes have been languishing in the doldrums over recent weeks. However, like-for-likes for fashion improved by +6.5% this week – the best performance since the first week of January. With the weather finally turning milder, fashion retailers reported finally being able to shift spring lines. With footfall in high street locations up by 5.8%, retailers who have a reliance on sales from high street stores (rather than retail parks) have a notable increase in sales. Whilst like-for-likes were up across all fashion categories, it was designer retailers who noticed the greatest gains this week.

Homewares saw its best like-for-likes for eight weeks, increasing by +11.0% year-on-year. Home improvement and soft furnishings stores performed particularly well, whilst big ticket furniture retailers had a slightly subdued performance.

Non-store like-for-likes were not particularly strong this week, increasing by +16.2%. Interestingly, non-store lifestyle like-for-likes were the strongest this week, with lifestyle retailers reporting non-store like-for-likes increasing by 23.4%. Fashion retailers also had a good week of virtual sales, with non-store footwear performing particularly well compared this week last year. Retailers who were dually offering end of season sales at the same time as promoting new summer lines reported particularly strong online sales.

Clothing, Footwear & Accessories

Bonmarché have announced that their Chairman, Tim Mason, has stepped down and will be replaced by John Coleman. (Source: Drapers)
Mr Porter, online menswear retailer, have launched sportswear site which will include performance gear from over 25 brands. (Source: Fashion United)
Mr Porter, online menswear retailer, have launched sportswear site which will include performance gear from over 25 brands

Radley have appointed Justin Stead as their new Chief Executive, with effect from 06 May 2015. (Source: The Drum)
Stefanel, Italian clothing retailer, have announced plans to open 2,600 sq. ft. store on London’s Regent Street, which is due to open in Spring 2015. (Source: Retail Bulletin)
Woodhouse Clothing have re-launched their e-commerce website, as they look to cater for changing consumer behavioural patterns and purchasing habits. (Source: Retail Bulletin)

Electrical & Entertainment

BrightHouse have launched a price promise and introduced an insurance opt-out, as they seek to provide reassurances around their business practices. (Source: Retail Week)

Food & Drink

Argos have announced plans to open 200 new digitally enabled stores, which swap paper slips & pencils for tablets computers and digital screens, as they try to modernise and attract more upmarket shoppers. (Source: The Guardian)
BHS have announced new contracts with Booker and Compass Group to extend and improve their convenience and café offerings. (Source: The Grocer)
Diageo has launched a Johnnie Walker Scotch whisky ad in partnership with a new movie based on the US TV show Entourage (Source: Just Drinks)
Diageo has launched a Johnnie Walker Scotch whisky ad in partnership with a new movie based on the US TV show Entourage

Fortnum & Mason have launched a new fully responsive website, as they aim to put innovation in the business. (Source: Retail Gazette)
M&S have launched ‘Cook with M&S’ app for the Apple Watch that offers consumers access to seasonal recipes and converts them into a shopping list feature. (Source: The Grocer)
Sainsbury’s have appointed David Keens as a Non-Executive Director, replacing Gary Hughes, who will retire at the retailer’s AGM on 08 July 2015. (Source: Company Press Release)
– The Coca-Cola Co has added a coconut water to its Innocent soft drinks brand in the UK. (Source: Just Drinks)
Coca-Cola Co has added a coconut water to its Innocent soft drinks brand in the UK. Innocent Coconut Water

According to a report by Vouchercodes.co.uk, sporting retailers across the country have benefitted, as the number of site searches for running apparel has increased by 259% over the past week, with the London Marathon serving as a source of inspiration for consumers. In addition, the company’s data from last year shows that stores can expect to see the boost in custom continue over the coming days; the fortnight following last year’s marathon saw sports searches surge by another 100% versus the week prior to the event.

Household

Dunelm have appointed Andy Harrison as their new Chairman to replace Geoff Cooper who is set to retire from the board in July 2015. (Source: The Guardian)
House of Fraser have appointed Colin Elliot as their new Chief Financial Officer, replacing Mark Gifford in September 2015. (Source: Drapers)
John Lewis have re-branded their business to business arm, as a part of a renewed focus on their B2B operations. (Source: Company Press Release)
SpaceNK, beauty retailer, have started selling the Netatmo June wristband, to encourage customers to protect their skin from the sun. (Source: The Telegraph)
Superdrug have announced plans to open 100 new UK stores by 2018, increasing their number of stores to 900 and creating around 1,350 new jobs. (Source: Retail Gazette)
Tiger, Danish homewares chain, have announced plans to open a new 4,300 sq. ft. store at Centre:mk in Milton Keynes, in June 2015. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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