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What’s happening in #retail & with brands – trends for w/e 12th June 2015 #retailtrends #retailnews #marketingweek #eventmagazine

June 15, 2015

Company Results

Argos have reported a 2.6% decrease in sales to £846m for the 13 weeks to 30 May 2015. Like-for-like sales decreased by 3.9% for the same period.
Bonmarché have reported an 8.7% increase in total sales to £178.6m for the year to 28 March 2015. Like-for-like sales increased by 4.0% while pre-tax profits increased to £12.4m from £11.2m for the same period. Online sales increased by 36.9%.
Boohoo.com have reported a 35% increase in total sales to £41.3m for the three months to 31 May 2015. UK sales increased by 27% to £26.2m for the same period.
Boohoo.com have reported a 35% increase in total sales to £41.3m for the three months to 31 May 2015. UK sales increased by 27% to £26.2m for the same period

Clarks have reported a 3.2% decrease in revenue to £1.4bn for the year to 31 January 2015. UK & Ireland like-for-like sales declined by 3.6% while pre-tax profit increased by 1.4 % to £121.5m for the same period. (Source: Retail Week)
Farmfoods have reported an 18.0% increase in turnover to £852m for the year to 31 December 2014. Pre-tax profits increased by 38% to £21m for the same period (Source: The Telegraph)
Homebase have reported a 1.6% decrease in sales to £438m for the 13 weeks to 30 May 2015, although, like-for-like sales increased by 5.4% for the same period.
Iceland have reported a 0.5% decrease in sales to £2.7bn for the 52 weeks to 27 March 2015. Like-for-like sales declined by 4.4% for the same period. (Source: Retail Bulletin)
John Lewis have reported a 4.1% increase in sales for the week to 06 June 2015. Fashion and Home sales increased by 10.3% and 3.1% respectively while Electricals & Home Technology sales decreased by 0.4%. Sales at johnlewis.com increased by 21.4%.
Mulberry have reported a 9% decrease in total revenue to £148.7m for the year to 31 March 2015. Retail revenue increased by 1% to £109.9m while wholesale revenue decreased by 29% to £38.8m for the same period. Profit before tax was reported at £1.9m.
Mulberry have reported a 9% decrease in total revenue to £148.7m for the year to 31 March 2015.

Sainsbury’s have reported a 0.6% decrease in total retail sales (excluding fuel) for the 12 weeks to 06 June 2015. Like-for-like retail sales decreased by 2.1% (excluding fuel) for the same period.
Shoe Zone have reported a 5.7% decrease in sales to £78.2m for the six months to 04 April 2015. Pre-tax profit was reported at £2.0m for the same period.
Ted Baker have reported a 24.2% increase in group sales for the 18 weeks to 06 June 2015. Retail sales increased by 18.9%, while wholesale sales increased by 41.2% for the same period. E-commerce sales increased by 46.9%.
– Waitrose have reported a 2.1% increase in sales (including petrol) for the week to 06 June 2015.

Lifestyle sales were the biggest disappointment this week, with sales sliding by 4.1% compared to this week last year. This Week last year, spending on electricals was high as consumers prepped their homes for the FIFA World Cup, and the lack of a similar driver this year meant sales were supressed. Small ticket gift sales were also down this year, and retailers of outdoor goods have yet to see an uplift in sales.

After a glimpse of fashion returning into positive territory last week, it turned negative again this week with sales decreasing by -1.4% year-on-year. Perhaps unsurprisingly given the footfall figures this week, retailers which have a heavy portfolio of stores within retail parks outperformed their high street peers. Footwear retailers had the best performance this week, with footwear sales rising by +1.4% year-on-year. We saw a number of retailers offering targeting “pay day” promotions this year, whilst others reported being able to shift full price stock and noting a discernible upturn in consumer confidence.

Homeware like-for-likes increased marginally this week (+1.3%) although is still off the near-term weekly highs noted in March and April. Soft furnishings performed particularly badly, with sales of DIY goods bringing the index into positive territory.

Non-store like-for-likes increased by 11.3% this week – the lowest performance since week ending 29 March 2015. Half term is likely to have been a contributory factor to this, with consumers devoting time to their families rather than spending it online. Remote sales of designer fashion were notably strong this week, with small ticket gifting seeing the same slump as in bricks and mortar stores.

Clothing, Footwear & Accessories

Joules have secured additional credit facility from Barclays, to aid their expansion plans across Europe and North America. (Source: Drapers)
Marks & Spencer have announced plans to launch a card-based loyalty programme ‘Sparks’, for their customers in Autumn 2015. (Source: Reuters)
Misguided have opened their first bricks & mortar store, a concession in Selfridges at The Trafford Centre, Manchester. (Source: Retail Gazette)
Misguided Manchester store

Electrical & Entertainment

Argos have announced plans to revamp their own brand Bush and Alba technology ranges, in summer 2015. (Source: Retail Week)

Research conducted by OC&C Strategy Consultants, PayPal and Google, has revealed that the world’s biggest online shopping markets will double in size by 2018. The research showed that online sales in the UK, US, China and Germany will reach £645bn, thereby adding £320bn to the ecommerce economy. The research found that the UK is the most popular online overseas destination for German shoppers, and the second most popular in both China and the US. In addition, when shopping for UK goods online, Chinese and German shoppers were found to be more valuable than their British counterparts, spending on average 2.7 and 1.7 times more in each transaction. In fact, Chinese shoppers were found to purchase from UK retailers online almost as frequently as domestic shoppers.

Food & Drink

Booths have been awarded ‘Independent Retail Chain’ of the year at The Grocer Gold Awards 2015. (Source: Company Press Release)
– The Coca-Cola Co has rolled out 16 limited edition Sprite pack designs to pay homage to hip-hop stars.
Coca-Cola Co has rolled out 16 limited edition Sprite pack designs to pay homage to hip-hop stars.

Sainsbury’s have initiated trials for bringing SignVideo to their customer service centres, in order to enable their deaf customers to contact Sainsbury’s call centres using secure video interpreting service. (Source: Company Press Release)
Spar have teamed up with Roadchef to launch two pilot stores at Roadchef’s motorway service areas in Strensham and Northampton. (Source: Retail Times)

Household

Boots have announced plans to cut 700 jobs in non-store based roles, as part of their £1bn cost restructuring plan. (Source: Financial Times)
Ikea have announced plans to open a 19,000 sq. ft. small-format store in Norwich. (Source: Retail Week)
Ikea have announced plans to open a 19,000 sq. ft. small-format store in Norwich.

Pets at Home have announced that their biggest shareholder, Kohlberg Kravis Roberts, will sell 21.6% stake in the retailer. (Source: The Telegraph)
Topps Tiles have opened a 5,250 sq. ft. lab store in Worcester. (Source: Retail Week)

Courtesy of ‘Barclays

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