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What’s happening in #retail & with brands – trends for w/e 29th May 2015 #retailtrends #retailnews #marketingweek #eventmagazine

June 1, 2015

Company Results

B&M have reported a 29.5% increase in group sales to £1.6bn for the 52 weeks to 28 March 2015. UK sales increased by 20% to £1.5bn while UK like-for-like sales increased by 4.4% for the same period. Adjusted profit before tax was reported at £135m.
Card Factory have reported a 7.5% increase in revenues for the three months to 30 April 2015.
Carlsberg has reported a lift in sales on flat volumes in the last quarter before its CEO steps down (Source: Just Drinks)
Carlsberg has reported a lift in sales on flat volumes in the last quarter before its CEO steps down

Costcutter have reported a 2.2% decrease in revenues to £790m in 2014 while their pre-tax losses were reported at £34.1m for the same period. (Source: Verdict)
John Lewis have reported a 0.5% decrease in sales for the week to 23 May 2015. Fashion and Home sales increased by 1.1% and 3.7% respectively while Electricals & Home Technology sales decreased by 5.3%. Sales at johnlewis.com increased by 10.6%.
Mountain Warehouse has recorded a 20% leap in sales to £109.9m, with pre-tax profits up 25% to £12m for the full year to February 28.
Kingfisher have reported a 2.7% increase in group sales to £2.6bn on a constant currency basis for the 13 weeks to 02 May 2015. Like-for-like sales increased by 0.8% while UK & Ireland sales increased by 3.1% for the same period. UK & Ireland like-for-like sales increased by 1.6% while retail profit for UK & Ireland increased by 9.8% to £74m.
Waitrose have reported a 0.4% increase in sales (including petrol) for the week to 23 May 2015.

Lifestyle like-for-likes slumped by -2.6% this week; a disappointing performance. Outdoor activity retailers performed particularly badly which was somewhat of a surprise given the poor weather this time last year. The only real gainers were small ticket gifting retailers, although most reported decreased like-for-like increases compared to the previous week.

Fashion was the worst performer this week, with like-for-like sales plummeting by -5.6% compared to this week last year. Just one in five fashion retailers on the High Street Sales Tracker reported positive like-for-likes this week, with designer retailers generally noting a stronger week. We noted higher levels of discounting this week last year and this, coupled with lower levels of footfall on the high street (-1.3%) and shopping centres (-3.0%) meant retailers struggled to bring in custom to the tills. Footwear performed particularly badly, with like-for-likes falling by -12.4%.

Homewares, which has largely bucked the negative trend of the lifestyle and fashion sectors over recent weeks, also slipped into negative territory this week. Like-for-likes slid to -2.3% – the second worst performance noted over the past three months. DIY retailers generally did not see any uplift ahead of the bank holiday weekend, and it was home furnishing retailers which performed the most strongly.

Non-store like-for-likes increased by +14.5%, although even this signifies a weak performance. In recent weeks, the effects of falling bricks and mortar sales have been somewhat mitigated by increased online sales, but this has failed to happen this week (except, once again, for outdoor activity retailers which saw strong gains in sales this week compared to last year). Non-store lifestyle sales were generally stronger than fashion.

Clothing, Footwear & Accessories

Jigsaw have announced plans to open their first standalone store in Aberdeen at the Bon Accord & St Nicholas shopping centre. (Source: Retail Bulletin)
New Look have announced that their Chairman, Paul Mason, will step down from his role, following their £2bn takeover by private investment firm Brait. (Source: Retail Gazette)
Pretty Green have expanded their presence with six House of Fraser concessions in Plymouth, Exeter, Belfast, Cardiff, Middlesbrough and Manchester. (Source: Retail Week)
PG_Store_Teaser_A5

Hugo Boss is said to be in advanced talks to take half of Esprit’s former Regent Street flagship in central London. (Source: Drapers)
Hugo Boss is said to be in advanced talks to take half of Esprit’s former Regent Street flagship in central London

Electrical & Entertainment

Gear4music have announced plans to open a flagship store in London’s Soho, known as the centre of UK music industry. (Source: The Guardian)

Food & Drink

M&S have announced that their UK store tally may increase to over 1,000 by next year, as they open more ‘Simply Food’ shops. (Source: Verdict)
Diageo has parted company with creative agency BBH after 15 years. All Baileys and Gordon’s activity will now be covered in-house, for the next 12 months. (Source: Just Drinks)
Diageo has parted company with creative agency BBH after 15 years. All Baileys and Gordon’s activity will now be covered in-house, for the next 12 months

Tesco have teamed up with Weve to trial a mobile couponing initiative in an attempt to raise awareness of their new concept stores in London and drive footfall. (Source: The Drum)

According to the figures released by Springboard, the high streets received a welcome boost over the bank holiday weekend with footfall on high streets across the country rising by 4.4% year-on-year. The figures also showed that Saturday was the strongest day as families went out in force on the first day of the school half term holiday. Coastal and historic towns were the favoured destinations with their respective footfalls surging by 14.1% and 13% on the day. Sunday’s showers led to a 1.7% dip in footfall across high streets; however this was followed by 6.7% growth on Monday with regional cities seeing an increase of 20.9% year-on-year. In contrast, footfall in retail parks was down every day over the weekend resulting in an overall drop of 4.2%. Similarly, footfall in UK shopping centres dropped every day over the weekend to end up 3.1% down over the three day period.

Household

Argos have announced plans to open their first two digital stores within Sainsbury’s supermarkets, as part of their plans to open ten shops across the supermarket chain in summer 2015. (Source: The Grocer)
Bestway Group have opened their first two Well pharmacies in Chester and Chorlton, as part of their strategy to re-launch the former Co-operative Pharmacy branches the company acquired last year. The remaining 778 branches are expected to be re-branded by Autumn 2015. (Source: The Grocer)
Royal Selangor have opened a UK flagship store in London’s King’s Road. (Source: Retail Bulletin)
Tapi, a flooring retailer, led by Martin Harris and backed by investors including Lord Kirkham have launched nationally. (Source: Retail Week)

Courtesy of ‘Barclays

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