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What’s happening in #retail & with brands – trends for w/e 3rd July 2015 #retailtrends #retailnews #marketingweek #eventmagazine

July 6, 2015

Company Results

AS Watson UK have reported a 7% increase in sales to £1.6bn for the year to 2014. Pre-tax profits were reported at £64.4m for the same period. (Source: The Telegraph)
Benfield Motor Group have reported a 12% increase in sales to £699.7m for the year to 31 December 2014. Group pre-tax profits were reported at £7.0m for the same period. (Source: Motor Trader)
Brighthouse have reported a 5.5% increase in sales to £351.7m for the year to 31 March 2015. Pre-tax profits increased by 16% to £19.6m while like-for-like sales increased by 3.9% for the same period. (Source: Retail Week)
Carpetright have reported a 3.3% increase in group sales to £462.6m for the 52 weeks to 02 May 2015. UK total sales increased by 5.4% to £396.0m while UK like-for-like sales increased by 7.3% for the same period. Underlying pre-tax profit was reported at £13m.
Direct Golf have reported a 12.7% decrease in sales to £20.8m for the year to September 2014. Group pre-tax profits decreased by 48.5% to £329k for the same period. (Source: Retail Week)
John Lewis have reported a 3.2% increase in sales for the week to 27 June 2015. Fashion and Home sales increased by 7.8% and 3.0% respectively while Electricals & Home Technology sales decreased by 1.3%. Sales at johnlewis.com increased by 24.3%.
Ocado have reported a 15.7% increase in gross retail sales to £511.9m for the 24 weeks to 17 May 2015. Profit before tax was reported at £7.2m for the same period.
Ocado have reported a 15.7% increase in gross retail sales to £511.9m for the 24 weeks to 17 May 2015.

Topps Tiles have reported a 5.9% increase in like-for-like sales for the 13 weeks to 27 June 2015.
Waitrose have reported a 2.2% increase in sales (including petrol) for the week to 27 June 2015.

Sales of lifestyle goods plummeted by -4.3% year-on-year despite the sector also suffering a weak seven days this time last year. There were some pockets of positivity however: department stores had a stronger week with high street footfall in the Greater London area seeing a small but significant rise in footfall compared to this time last year (-0.3%). Overall, high street footfall fell by 1.3%. Small ticket gift stores saw a second strong week of sales in a row, but shops specialising in outdoor goods largely reported negative like-for-likes.

A very mixed set of like-for-likes from fashion retailers resulted in an overall decline of -0.6%. Some retailers launched their summer sales this week which helped to provide a welcome boost to sales, whereas those which have delayed summer discounting generally reported only negligible increases or declines in like-for-likes. Footwear sales were particularly disappointing this week, with sales sliding by -5.4%. Retailers (particularly budget fashion retailers) with a higher presence in retail parks away from London and the South East also benefitted from higher levels of footfall.

Homeware retailers had their worst week of the year this week, with like-for-like Sales declining by -12.1%. Sales Declined across the board, with the greatest slumps seen by home furnishings retailers.

Despite the poor week in bricks and mortar stores, there was little sign that online sales had helped to mitigate against falling revenues. Like-for-likes in the maturing non-store sales category rose by just 25.2% this week. Fashion retailers saw significant polarisation in online sales this week, with midpriced fashion retailers being outperformed by both budget and designer peers. Non-store sales of non-fashion items had a particularly strong week this week, with like-for-likes rising by 29.06%.

Clothing, Footwear & Accessories

Kurt Geiger have announced plans to open a 2,600 sq. ft. footwear store at Intu Watford shopping centre, in Autumn 2015. (Source: Drapers)
Kurt Geiger have announced plans to open a 2,600 sq. ft. footwear store at Intu Watford shopping centre, in Autumn 2015

LS Travel Retail have announced plans to open their second ‘Fashion Place’ concept store at Glasgow airport. The 2,706 sq. ft. store will include collections from Lacoste, Tommy Hilfiger, Armani Jeans, Ted Baker, Barbour and Boss Orange. (Source: Retail Bulletin)
M&S have launched their Community Energy Fund, with up to £400k available to support community renewable energy projects across UK. (Source: Company Press Release)
Liberty have announced expansion plans in the USA and Italy, with the opening of pop-up shops with US fashion retailer Nordstrom and La Rinascente in Milan, Italy, starting July 2015. (Source: The Guardian)
Liberty have announced expansion plans in the USA and Italy, with the opening of pop-up shops

New Look have appointed John Gnodde as their new Non-Executive Chairman, replacing Paul Mason, with effect from 25 June 2015. (Source: Company Press Release)

Electrical & Entertainment

Dixons Carphone have announced an agreement with US telecom group Sprint to open 20 shops in the US, under which Dixons Carphone will offer mobile phone retail expertise to Sprint. (Source: The Guardian)

Food & Drink

The Co-operative have appointed Peter Plumb and Stevie Spring as their Non-Executive Directors, with effect from 25 June 2015. (Source: Financial Times)
William Grant & Sons is to be the official spirits and Champagne provider of Rugby World Cup 2015. (Source: Just Drinks)
– The UK division of Molson Coors has snapped up the distribution, sales and marketing rights of Swedish cider brand Rekorderlig in the UK and Ireland. (Source: Just Drinks)
Molson Coors has snapped up the distribution, sales and marketing rights of Swedish cider brand Rekorderlig in the UK and Ireland.

Household

Amazon have launched ‘Amazon Prime Now’, a one hour delivery service in London, which allows customers to receive their online orders within one hour. (Source: The Telegraph)
Amazon have launched ‘Amazon Prime Now’, a one hour delivery service in London

Athena have launched an online store selling album art prints, with an initial stock of over 100 albums art covers. The retailer have also announced plans to open bricks and mortar stores at Trafford Centre, Westfield and Meadow hall in Sheffield. (Source: Retail Week)
Dunelm have announced that John Browett will join their Board as Chief Executive Designate with effect from 01 July 2015. He will replace Will Adderley as Chief Executive Officer on 01 January 2016, after a six-month induction period. (Source: Company Press Release)
Halfords have appointed Jonny Mason as their new Chief Financial Officer replacing Andrew Findlay, with effect from 12 October 2015. (Source: Financial Times)
House of Fraser have announced plans to open their first new full scale bricks and mortar store since 2008, at Rushden Lakes retail and leisure complex in Northamptonshire, in 2017. (Source: Northamptonshire Telegraph)
House of Fraser have announced plans to open their first new full scale bricks and mortar store since 2008, at Rushden Lakes

John Lewis have announced plans to introduce a £2 charge for ‘click and collect’ orders that are under £30, with effect from the end of July 2015. (Source: The Guardian)

Courtesy of ‘Barclays

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