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What’s happening in #retail & with brands – trends for w/e 17th July 2015 #retailtrends #retailnews #marketingweek #eventmagazine

July 20, 2015

Company Results

B&M have reported a 24.4% increase in group sales to £456.6m for the 13 weeks to 27 June 2015. UK sales increased by 22.8% to £418.8m while UK like-for-like sales increased by 1.1% for the same period.
Burberry have reported a 10% increase in retail sales to £407m for the three months to 30 June 2015. The comparable sales increased by 6% for the same period.
Naomi_Campbell_Jourdan_Dunn_Burberry_2015 Burberry have reported a 10% increase in retail sales to £407m for the three months to 30 June 2015

Conviviality Retail have reported a 2.4% increase in sales to £364.1m for the 52 weeks to 26 April 2015. Like-for-like sales decreased by 1.7% while profit before tax (excluding exceptional items) increased by 4.4% to £9.7m for the same period.
Dixons Carphone have reported a 1.8% increase in group sales to £9,936m for 13 months to 02 May 2015. UK & Ireland sales were reported at £6,451m while UK & Ireland like-for-like sales increased by 8% for the same period. Profit before tax increased by 21% to £381m.
Eastern Western have reported an 18% increase in turnover to £463.6m for the year to 31 December 2014. Profit before tax was reported at £7m for the same period. (Source: AM Online)
Halfords have reported a 3.6% increase in total group sales for the 13 weeks to 03 July 2015. Retail sales increased by 3.4% while like-for-like sales increased by 3.5% for the same period.
John Lewis have reported a 5.3% increase in sales for the week to 11 July 2015. Fashion, Home and Electricals & Home Technology sales increased by 6.2%, 4.5% and 6.1% respectively. Sales at johnlewis.com increased by 21.4%.
John Lewis have reported a 5.3% increase in sales for the week to 11 July 2015

Secret Sales have reported a 39% increase in revenues to £25.2m for the year to 31 December 2014. (Source: Retail Bulletin)
Sports Direct have reported a 4.7% increase in group revenue to £2.8bn for the year to 26 April 2015. UK sports retail sales increased by 5.5% to £2.3bn while UK sports like-for-like sales increased by 7.4% for the same period. Underlying pre-tax profit increased by 20.5% to £300.3m.
Waitrose have reported a 4.2% increase in sales (including petrol) for the week to 11 July 2015.

A disappointing week for the Lifestyle sector with like-for-like sales down by 3.2% Compared to this week last year. Just 29% of retailers in the sector reported positive like-for-likes this week the lowest percentage for three months. Home accessory and stationery retailers reported the best week this week, with outdoor goods retailers once again reporting a poor bricks and mortar sales. Lifestyle performed particularly well this week last year, so sales are off a strong base.

Fashion was the strongest performer of the week this week and, although only a small rise in like-for-likes of +1.0%, this represents a good performance for the sector with many weeks in negative territory over the past two months. Designer fashion retailers reported a particularly strong week which is due in part to elevated high street footfall in the Greater London area (+2.5%) and others are still reporting gains from launching discounting slightly later this year.

Homewares had a poor week this week, with like-for-likes slumping by -8.4%. DIY and home improvement retailers had a good week, whilst furniture retailers had poorer results. However, like-for-likes for the sector had a particularly strong week this week last year so matching the same performance would have been challenging for many retailers.

Non-store like-for-likes had another week of a rather weak improvement, with sales rising by 16.2% compared to this week last year. Non-store sales of lifestyle goods were particularly strong this week, and there is definitely continues to be significant attrition from bricks and mortar sales to online for lifestyle related goods: outdoor goods related retailers performed particularly well, despite a weak performance on the physical high street. Some fashion retailers reaped the benefits of targeted online campaigns, with a number of fashion retailers reporting sales growing by over 50% compared to this week last year.

Clothing, Footwear & Accessories

Aldi have announced plans to launch ‘back to school’ clothing range in their stores from 23 July 2015. (Source: Verdict)
ASOS have entered into agreement with Acast to produce a podcast, which focuses on female business owners. The podcast will be available on iTunes and Acast’s website. (Source: Retail Week)
ASOS have entered into agreement with Acast to produce a podcast, which focuses on female business owners

Cath Kidston have completed the acquisition of their 31 stores from TSI Holdings, retailer’s franchise partner in Japan, as a part of their global expansion plan. (Source: The Telegraph)
– Couture milliner, Jane Taylor, have announced plans for opening a 1,077 sq. ft. store at London’s King’s Road in September 2015. (Source: Drapers)
French Connection have announced the departure of their Group Finance Director, Adam Castleton. The retailer has not announced any replacement. (Source: The Telegraph)
Hugo Boss have announced plans for extending their retail space at Liverpool One from 3,170 sq. ft. to 4,160 sq. ft. The store due to open in October 2015 will house womenswear for the first time. (Source: Drapers)
Jo Malone have announced plans for opening their flagship store on London’s Regent Street in Autumn 2015, taking their number of stores to 57 in UK. (Source: Retail Bulletin)
Jo Malone have announced plans for opening their flagship store on London’s Regent Street in Autumn 2015

M&S have announced the departure of John Dixon, Head of Marks & Spencer’s clothing and other non-food business. Steve Rowe, current Executive Director Food will be responsible for merchandising while Andy Adcock, Trading Director for food will be responsible for food. (Source: Company press release)
MatchesFashion.com have announced the appointment of Tom and Ruth Chapman as their new Joint Chairmen. Both will step down from their current Chief Executive role and will be replaced by current Chief Operating Officer, Ulric Jerome. (Source: The Telegraph)
New Look have announced plan to open standalone menswear stores in later 2015. (Source: Drapers)
Schuh, footwear retailer have announced plans for opening their first store in Bradford at Broadway Shopping Centre on 05 November 2015. (Source: Retail Bulletin)

Electrical & Entertainment

HMV have entered into a licensing agreement with Al Mana Lifestyle Trading to open 15 stores in Middle East, as a part of their global expansion plans. (Source: Retail Gazette)

Food & Drink

Aldi have signed up to ‘fruit and veg pledge’ drawn up by the National Farmers Union, to operate simple agreements with no penalty rates of mechanisms to reclaim money if sales fail to live up to expectations. (Source: The Guardian)
– Anheuser-Busch InBev has launched a UK TV ad as part of its Stella Artois Open golf sponsorship at St Andrews. (Source: Just Drinks)
Lidl have acquired five-acre site close to Tolworth train station in west London for £10m, to develop the site as their new headquarters. (Source: The Telegraph)
Tesco have announced plans for increasing the minimum order for their free ‘click-and-collect’ service to £40 from £25. (Source: The Telegraph)

According to the Investment Property Forum (IPF), fashion and discount retailers will become more profitable due to the boom in online shopping. As per the report, fashion retailers operating in prime city centre locations will be the biggest gainers from multichannel as productivity at these stores is expected to increase by 34% due to the click-and-collect services and ‘online Halo’, which is when bricks-and-mortar shops acts as ‘a marketing tool’ to encourage people to shop with them online. Fashion retailers are also expected to benefit from 22% uplift in the productivity of their stores in shopping centres, while shops in retail parks will see a 4% improvement. Discount retailers such as Poundland, Poundworld and B&M Bargains are poised for productivity to edge up 5% in prime city centre locations, 4% in shopping centres, 2% on secondary high streets and 1% in retail parks.

Household

Lords have opened their new ‘boutique’ format store at St Johns Woods, London, as part of their on going expansion plans. (Source: Retail Bulletin)
Wiggle have entered into an agreement with Doddle under which Wiggle’s customers can pick orders from and make returns to Doddle’s 35 station stores. (Source: Retail Week)
Wiggle have entered into an agreement with Doddle under which Wiggle’s customers can pick orders from and make returns to Doddle’s 35 station stores

Matalan have launched a new online home improvements brand called Matalan Direct, offering furniture and larger home items. (Source: The Drum)
Paperchase have announced plans to open a 3,016 sq. ft. store at Silverburn out-of-town shopping centre in Glasgow by end of July 2015. (Source: Retail Bulletin)
Post Office Limited have appointed Tim Parker as their new Chairman, replacing Alice Perkins, with effect from 01 October 2015. (Source: Company press release)

Courtesy of ‘Barclays

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