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What’s happening in #retail & with brands – trends for w/e 21st August 2015 #retailtrends #retailnews #marketingweek #eventmagazine

August 24, 2015

Company Results

Asda have reported a 4.7% decrease in like-for-like sales for the 11 weeks to 30 June 2015.
Fat Face have reported a 2.7% increase in sales to £205.4m for the 52 weeks to 30 May 2015. Online sales increased by 11.1% for the same period. (Source: Retail Week)
Fat Face have reported a 2.7% increase in sales to £205.4m for the 52 weeks to 30 May 2015

The Fragrance Shop have reported an 11.0% increase in total sales for the year to 31 March 2015. Like-for-like sales increased by 4% while underlying profitability increased by 6.5% to £13.2m for the same period. (Source: Retail Week)
John Lewis have reported a 1.9% decrease in sales for the week to 15 August 2015. Fashion sales increased by 0.2% while Home and Electricals & Home Technology sales decreased by 3.8% and 2.6%, respectively. Sales at johnlewis.com increased by 9.4%.
Marshall Motor Group have reported a 16.0% increase in turnover to £632.5m for the six months to 30 June 2015. Profit before tax increased by 9.8% to £10.5m for the same period. (Source: AM Online)
Stanfords have reported a 6.5% increase in sales to £6.0m for the year to 31 March 2015. (Source: Retail Bulletin)
Waitrose have reported a 3.0% increase in sales (including petrol) for the week to 15 August 2015.

Lifestyle sales performed the best of a bad bunch this week, with sales falling by -0.2% compared to this week last year. The results were mixed this week with stores specialising towards the more premium end of the gifting market performing well, with mainstream retailers exhibiting a weaker performance. Outdoor goods retailers have yet to climb out of the doldrums. Department stores once again outperformed the rest of the sector despite a fall in footfall in the London area, suggesting tourists are spending on larger items and helping to boost sales.

Fashion like-for-likes slid dramatically, with like-for-likes sales falling by -6.3%, the worst weekly decline for two months. Over three-quarters (76%) of fashion retailers reported negative like-for-likes this week, with the trend only bucked largely by specialist and designer fashion retailers. With the holiday season in full swing and the comparative lack of discounting this year, retailers are continuing to find it more difficult to entice shoppers to the tills. This time last year, the country entered into an “autumnal” phase as the weather grew colder which inspired many to make new wardrobe purchases.

Homeware retailers also reported a particularly poor week this week, with like-for-like sales declining by -9.0%. This is the first week for eight weeks when all retailers reported negative like-for-likes.

Non-store like-for-likes rose by just 5.3% this week. The last time non-store like-for-likes rose by such a small amount was in April 2012, demonstrating just how poor this week’s rise is. This time last year was a strong week for online sales meaning like-for-likes were off a strong base, but it does show continued reluctance by consumers to increase their spending. Lifestyle retailers had the best week for non-store sales this week, with nearly two-thirds reporting double-digit sales increases.

Clothing, Footwear & Accessories

Austin Reed have announced plans to sell their 35,000 sq. ft. flagship store on Regent Street. (Source: The Guardian)
Debenhams have announced plans to launch a new casual to formal line with designer Savannah Miller in Winter 2015. (Source: Drapers)
Dr. Martens have opened their new flagship store at London’s Oxford Street, taking the number of their retail outlets to 22. (Source: Drapers)
Dr. Martens have opened their new flagship store at London’s Oxford Street, taking the number of their retail outlets to 22

M&S have announced that their Chief Financial Officer, Helen Weir, will be responsible for e-commerce distribution as Executive Director for multi-channel, Laura Wade-Gery, takes maternity leave till January. (Source: Company Press Release)
Superdry have announced plans to open a 10,700 sq. ft. store in Bradford on 05 November 2015. (Source: Retail Bulletin)
UGG have announced plan to open their first pop-up retail store on 21 August 2015. The 125 sq. m. store will be located at Liverpool ONE’s Paradise street. (Source: Retail Gazette)
UGG have announced plan to open their first pop-up retail store on 21 August 2015

As per Centre for Economics and Business Research, pop-up retail in the UK is now worth £2.3bn to the UK economy. Pop-ups account for 0.76% of total UK retail turnover in 2015, up from 0.6% in 2014. The sector generated 12.3% more revenue in 2015 due to a rise in the number of customers and an increased average spend. Some 44% of survey respondents said they had visited a pop-up in the past year, and were found to spend £8 per month at an annual total of £124 per person. The report stated that the UK is now host to more than an estimated 10,000 pop-ups and employs more than 26,000 people. The report also revealed that 8% of retailers have launched a pop-up sometime in the past year, while 10% plan to open one in the next five years.

Electrical & Entertainment

Waterstones have announced plans to open a 7,000 sq. ft. store at Tottenham Court Road on 08 October 2015, as a part of their plans to open 15 stores over next 12 months. (Source: The Independent)

Food & Drink

Sainsbury’s have launched their ‘Brand Match’ scheme to online orders that will assist customers in price matching against thousands of items. (Source: The Drum)
Heaven Hill Brands has agreed to acquire Deep Eddy Vodka from Eliza Spring for an undisclosed sum. (Source: Just Drinks)

Household

Halfords have appointed Peter Kimberley as Managing Director for their Cycle Republic division. (Source: Retail Week)
MADE.com have announced plans to open their first store in Liverpool at Metquarter by mid-September 2015. (Source: Insider Media)
MADE.com have announced plans to open their first store in Liverpool at Metquarter by mid-September 2015

Paperchase have announced plans to launch six concessions in Hudson Bay stores in Canada by end of 2015, as a part of their expansion plans in North America. (Source: Retail Week)

Courtesy of ‘Barclays

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