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What’s happening in #retail & with brands – trends for w/e 15th May 2015 #retailtrends #retailnews #marketingweek #eventmagazine

May 18, 2015

Company Results

Cambria Automobiles have reported an 18.6% increase in revenue to £242.8m for the six months to 28 February 2015. New vehicle sales increased by 15.6% while used vehicle sales increased by 2.9% for the same period. Overall profit before tax profit increased by 63.8% to £3.3m.
Conviviality Retail have reported a 1.7% decrease in like-for-like retail sales for Bargain Booze for the year to 26 April 2015 while, like-for-like sales at Wine Rack increased by 0.1% for the same period.
JCT600 have reported a 13% increase in revenue to £1.0bn for the year to 31 December 2014. Operating profit rose by 14% to £23.2m for the same period. (Source: AM Online)
John Lewis have reported a 1.1% increase in sales for the week to 09 May 2015. Electricals & Home Technology sales and Home sales increased by 3.7% and 0.4% respectively while Fashion sales decreased by 0.4%. Sales at johnlewis.com increased by 16.6%.
John Lewis, central London

Lookers have reported a 4% increase in gross profit from new retail cars for the quarter to 31 March 2015. Gross profit from used car increased by 10%, while gross profit from new fleet cars increased by 12% for the same period.
Waitrose have reported a 0.5% decrease in sales (including petrol) for the week to 09 May 2015.

A disappointing performance for lifestyle, with like-for-likes for the week ending -2.4% down compared to this week last year; a week which also delivered flat performance. Department stores slumped notably due to a decline in footfall on the high street (-1.5%), whilst small ticket gifting retailers had a particularly strong week.

After an underperformance this week last year, the decline in fashion like-for-likes to -4.9% was a particular disappointment with around two-thirds of retailers reporting negative like-for-likes. The end of mid-season discounting coupled with a decline in high street footfall led to significantly reduced activity at the tills. Clothing and accessory like-for-likes were particularly weak this week, down by -6.4% and -6.7% respectively. Designer retailers typically had a worse week this week than budget fashion retailers.

Homewares like-for-likes were the outperformer once again this week, with like-for-likes rising by 4.9%, despite an exceptional week this time last year. DIY and soft furnishings retailers had particularly strong sales this week.

As is frequently the case when bricks and mortar like-for-likes are in negative territory, non-store like-for-likes had a strong performance this week of +31.3%. Lifestyle and homeware retailers noted particularly strong like-for-likes this week.

Clothing, Footwear & Accessories

BHS have signed a deal with Claire’s Accessories to trial six concessions in stores to bolster their pre-teen clothing range. (Source: Retail Week)
Ted Baker has confirmed it will open a new concept store to showcases all of its licence products on Commercial Street in London at the beginning of June. (Source: Drapers)
The Cambridge Satchel Company have announced plans to launch a 1,000 sq. ft. standalone men’s store at Seven Dials, London. The store is due to open on 08 June 2015. (Source: Retail Gazette)
The Cambridge Satchel Company have announced plans to launch a 1,000 sq. ft. standalone men’s store at Seven Dials, London

Farfetch have acquired Browns in a cash and shares deal, as a part of ‘store of the future’ initiative. (Source: Reuters)
H&M have opened their first store in Peru. They have also announced plans to open new stores in Macau, South Africa and India in 2015. (Source: Retail Bulletin)
New Look has been purchased by South African investment house, Brait SE for £780m. (Source: Verdict)

Electrical & Entertainment

Carphone Warehouse have announced the pricing plans for their new mobile phone network ‘iD’, ahead of the service’s official launch. (Source: The Telegraph)
Tesco have announced plans for the sale of their mobile business as part of their review of non-core assets. (Source: The Guardian)

Food & Drink

Conviviality Retail, the owner of the Bargain Booze chain, have appointed Ian Jones as their Non-Executive Director. (Source: The Scotsman)
SABMiller has entered UK craft beer scene with Meantime Brewing Co purchase (Just Drinks)
Tesco have announced plans to close their six remaining Homeplus stores in the UK, as they reduce focus on their non-food retail business. (Source: City AM)
Carlsberg is to relaunch six vintage labels as part of a new campaign highlighting the brewer’s 168-year history. (Source: Just Drinks)
Carlsberg is to relaunch six vintage labels as part of a new campaign highlighting the brewer’s 168-year history.

According to a new report from the Local Data Company, discount grocers and budget retailers are opening more than five stores a week across the UK, as fierce competition continues to hit the big four. German duo Aldi and Lidl, as well as Iceland, Poundland, Home Bargains and Farmfoods are becoming the biggest names on the high street as their growth overtakes that of the big four grocers. Supermarket giants Tesco and Morrisons are cutting head office staff, closing stores and abandoning planned openings, while Sainsbury’s is also shelving planned developments in a bid to cut costs. The big four have been forced into a fierce price war by the discounters, which have seen profit margins tumble.

Household

Amazon have announced plans to open a 310,000 sq. ft. fulfilment centre in Dunstable, which will create 500 new permanent jobs. (Source: BBC News)
Glasses Direct have introduced a virtual 3D fitting tool that shows shoppers how glasses would look on their face. (Source: Retail Week)
Glasses Direct have introduced a virtual 3D fitting tool that shows shoppers how glasses would look on their face.

Home Retail Group have raised over £150,000 for people affected by cancer, in partnership with Macmillan Cancer Support. The funds raised will fund over 5,700 hours of Macmillan nursing care. (Source: Retail Bulletin)
House of Fraser have extended the cut off point for next day click-and-collect orders from 10pm until midnight. (Source: Drapers)
Shop Direct have announced plans to stop producing their printed catalogues due to changes in customers’ shopping habits. (Source: The Drum)
The Works have announced that their Executive Chairman, Anthony Solomon, has stepped down after his stake in the business was acquired by private equity firm ‘Endless’. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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