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What’s happening in #retail & with brands – trends for w/e 8th May 2015 #retailtrends #retailnews #marketingweek #eventmagazine

May 11, 2015

Company Results

Boohoo.com have reported a 27% increase in revenue to £139.9m for the year to 28 February 2015. UK sales increased by 33% to £94.3m while profit before tax increased by 3% to £11.1m for the same period.
Boohoo.com have reported a 27% increase in revenue to £139.9m for the year to 28 February 2015

John Lewis have reported a 2.8% increase in sales for the week to 02 May 2015. Fashion and Home sales increased by 17.2% and 0.3% respectively while Electricals & Home Technology sales decreased by 9.3%. Sales at johnlewis.com increased by 17.0%.
Morrisons have reported a 1.1% decrease in total sales excluding fuel for the 13 weeks to 03 May 2015. Like-for-like sales (excluding fuel) decreased by 2.9% for the same period.
Pendragon have reported a 10.4% increase in underlying profit before tax for the three months to 31 March 2015.
Sainsbury’s have reported a 0.9% decrease in group sales (including VAT) to £26.1bn for the 52 weeks to 14 March 2015. Like-for-like sales (including VAT, excluding fuel) decreased by 1.9% while retail sales (including VAT, excluding fuel) declined by 0.2% for the same period. Underlying profit before tax decreased by 14.7% to £681m.
ScS have reported a 15.9% decrease in like-for-like sales for the four weeks to 02 May 2015. (Source: Verdict)
Supergroup have reported an 18.4% increase in group sales to £134.8m for the 15 weeks to 25 April 2015. Retail sales increased by 20.6% to £76.0m while like-for-like sales increased by 11.6% for the same period. Wholesale sales increased by 9.7% to £58.8m.
Supergroup have reported an 18.4% increase in group sales to £134.8m for the 15 weeks to 25 April 201

Waitrose have reported a 0.4% increase in sales (including petrol) for the week to 02 May 2015.

Lifestyle like-for-likes rose by +0.8% this week, although results were particularly polarised this week. Gift retailers and department stores noted a strong uptick in sales this week, and the “London Marathon effect” was particularly strong this year, with running and outdoor activity retailers reporting a strong week. Interestingly, the well-publicised Tour de Yorkshire appeared to have no effect on the performance of cycling retailers’ high street stores, with many reported double-digit negative like-for-likes. Some of this was regained in online sales.

Fashion like-for-likes were positive this week, although +1.5% actually reflects a relatively poor performance given the wider discounting this year compared to last year. Designer retailers, particularly those which had launched extra promotions over the bank holiday weekend, had a better week than their budget counterparts with budget retailers being hit particularly badly by the reduced level of footfall on the high street. However, even where like-for-like sales may have been down, budget retailers reported improved margins compared to this week last year. Footwear retailers outperformed the rest of the sector this week, reporting like-for-likes up by +3.03%.

Homeware like-for-likes rose by +2.6% this week, with soft furnishings stores reporting strong trade ahead of the bank holiday weekend. Interestingly, DIY retailers saw sales slump compared to this week last year.

Non-store sales saw their second strongest like-for-like performance for six weeks (+24.9%) which, for many, helped to mitigate against falling sales on the high street. Fashion retailers particularly benefitted from targeted email promotions, with high-end fashion retailers once again performing particularly well. Outdoor stores saw high double-digit sales increases as shoppers prepared for the bank holiday weekend which was widely expected to bring better weather than this time last year.

Clothing, Footwear & Accessories

AB10 have announced plans to close all three of their stores, two stores in Aberdeen and one in Livingston. (Source: Retail Bulletin)
AMI, a Parisian menswear business, have announced plans to open their first UK store at 75 Duke Street in Mayfair in autumn 2015, as a part of their plan to expand in Europe, America and Asia. (Source: Drapers)
AMI, a Parisian menswear business, have announced plans to open their first UK store at 75 Duke Street in Mayfair

House of Fraser have announced plans to sell a range of sports hijabs that are designed for Muslim women to wear while doing exercise, including swimming. (Source: Retail Week)
IndiaCoco have announced plans to open a 417 sq. ft. store in Wakefield’s Trinity Walk shopping centre. (Source: Retail Bulletin)
JD Sports Fashion have appointed Heather Jackson as their Independent Non-Executive Director. (Source: Drapers)
Joy, fashion & lifestyle retailer, have opened 2,450 sq. ft. store at the London Designer Outlet in Wembley Park. (Source: Fashion United)
Net-a-Porter have announced plans to launch a fashion-focused, shoppable social platform on 13 May 2015, which will allow luxury brands to create a one-to-one dialogue with consumers. (Source: The Drum)
Warehouse have partnered with Doddle that will provide their customers with collection points to return online purchases for free. (Source: Retail Times)

Electrical & Entertainment

Game Digital have appointed Mark Gifford as their group Chief Financial Officer, succeeding Benedict Smith. Mark will join board in October 2015. (Source: Reuters)

Food & Drink

Morrisons have announced plans to re-introduce staffed express checkouts to their supermarkets, as they look to offer customers a better shopping experience. (Source: The Grocer)
Heineken has launched a spirit-flavoured cider that takes its name from a Prohibition-era ritual. (Source: Just Drinks)
Heineken >has launched a spirit-flavoured cider that takes its name from a Prohibition-era ritual

Nisa have launched an online portal in partnership with ‘UpSkill People’, as they look to make training more accessible for retailers through Nisa membership. (Source: Company Press Release)
Ocado have announced plans to develop robots that could reduce their reliance on people to pick and pack their groceries. (Source: Verdict)
Tesco have appointed Bruce Marsh as their UK Finance Director, replacing the position left vacant by Carl Rogberg. The company has also announced that their two Non-Executive Directors, Ken Hanna and Stuart Chambers, have stepped down following the retailer’s annual meeting in June 2015. (Source: The Telegraph)

According to the KPMG/Ipsos Retail Think Tank (RTT), retailers need to shift customers off discounts to improve margin and trust. UK customers today expect a bargain when shopping, a trend which has been exacerbated by the recession and price checking online. The reports said discounting cannot be a permanent strategy as margins can only be squeezed so far. It also suggested that consumers now know where to search for a bargain and are willing to wait for the best offer.

Household

Evans Cycles have been sold to private equity firm ECI Partners (Source: BBC News)

Courtesy of ‘Barclays

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