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What’s happening in #retail & with brands – trends for w/e 11th September 2015 #retailtrends #retailnews #marketingweek #eventmagazine

September 14, 2015

Company Results

Argos have reported a 0.4% decrease in sales to £897m for the 13 weeks to 29 August 2015. Like-for-like sales decreased by 2.8% for the same period.
Dixon Carphone have reported an 8.0% increase in group like-for-like revenue for 13 weeks to 01 August 2015.
The Entertainer have reported a 20.8% increase in sales to £129.1m for the year to 31 January 2015. Like-for-like sales increased by 13.7% while pre-tax profits increased by 27% to £7.6m for the same period. (Source: Retail Week)
Gear4music have reported a 43.0% increase in total sales to £12.4m for the six months to 31 August 2015.
Glyn Hopkin have reported a 25.4% increase in turnover to £219.2m for the six months to 30 June 2015. Profit before tax increased by 58.0% to £3.5m for the same period. (Source: AM Online)
Homebase have reported a 2.8% decrease in sales to £378m for the 13 weeks to 29 August 2015. Like-for-like sales increased by 5.9% for the same period.
Homebase have reported a 2.8% decrease in sales to £378m for the 13 weeks to 29 August 2015

John Lewis have reported an 11.0% increase in sales for the week to 05 September 2015. Fashion, Home and Electricals & Home Technology sales increased by 16.9%, 10.2% and 6.8%, respectively. Sales at johnlewis.com increased by 19.3%.
The John Lewis Partnership have reported a 2.1% increase in gross sales to £5.1bn for the half year to 01 August 2015. Waitrose have reported a 1.1% increase in gross sales to £3.2bn while John Lewis have reported a 3.8% increase in gross sales to £1.9bn for the same period. Partnership’s profit before tax and exceptional items decreased by 26.0% to £96m.
Laura Ashley Holdings have reported a 3.0% decrease in group sales to £139.7m for the 26 weeks to 01 August 2015. Like-for-like sales increased by 7.0% while online sales increased by 4.5% for the same period. Pre-tax profit was reported at £8.4m. (Source: Retail Bulletin)
Morrisons have reported a 5.1% decrease in total turnover to £8.1bn for the six months to 02 August 2015. Like-for-like sales (excluding fuel & VAT) decreased by 2.7%, while underlying profit before tax decreased by 35% to £117m for the same period.
Next have reported a 2.7% increase in total sales to £1.9bn for the half year to July 2015. Profit after tax increased by 7.5% to £277m for the same period.
Next have reported a 2.7% increase in total sales to £1.9bn for the half year to July 2015. Profit after tax increased by 7.5% to £277m for the same period

Waitrose have reported a 1.0% increase in sales (including petrol) for the week to 05 September 2015.

Lifestyle saw its strongest like-for-like performance for nearly six months (+8.5%) as shoppers returned to stores following a summer holiday season of muted spending. Although small ticket gifting retailers once again saw the strongest rise, we noticed that many retailers of outdoor goods finally saw a rise in like-for-likes after a poor summer. There was also an uplift in sales of consumer electrical goods, and late back-to-school promotions resulted in a good week for stationery retailers.

Fashion had an exceptional week compared to the same week last year, with like-for-likes rising by +9.3% – the largest rise in like-for-likes since the first week of January. Just one out of every five fashion retailers saw a fall in sales. Shoppers were inspired to update their wardrobes after returning home from holiday to autumnal conditions, and it was largely only designer retailers which saw declines in sales this week – partly a result of less footfall on the high street (-4.7%).

Homewares also saw a rise in like-for-like sales this week, with sales increasing by 8.5% compared to the same week last year. Home furnishings stores saw better sales increases than DIY stores.

Non-store sales had their best week in three months, with like-for-like sales rising by 32.6%. Weekly like-for-like increases of non-store goods have rarely risen more than 20% in recent weeks, so this week’s result represents a concerted return to spending by consumers. Over a quarter of retailers reported increases in excess of 50% year-on-year, and it was retailers of designer fashion and indoor furnishings who saw the largest increases in sales.

Clothing, Footwear & Accessories

ActiveInStyle have opened their first standalone store in the UK at London’s King’s Road. (Source: Drapers)
Karen Millen have announced that their Chief Executive Officer, Mike Shearwood has resigned with immediate effect. (Source: The Telegraph)
Karen Millen have announced that their Chief Executive Officer, Mike Shearwood has resigned with immediate effect.

Shop Direct have announced plans for brand consolidation of ‘Isme.com’ with ‘Very.co.uk’ by end of September 2015. (Source: Retail Bulletin)

Electrical & Entertainment

The Entertainer have announced plans to open 18 new stores in the current financial year, depending on trading during Christmas period. (Source: Retail Week)
Game Digital have launched a new career website where registered users will receive up-to-date job postings and gaming news. (Source: Retail Week)

Food & Drink

Conviviality Retail have announced plans to acquire drinks supplier Matthew Clark for an enterprise value of £200m. (Source: The Telegraph)
Moët Hennessy has unveiled the first TV ad for its Belvedere vodka partnership with Spectre, the next James Bond movie. (Source: Just Drinks)
Moët Hennessy has unveiled the first TV ad for its Belvedere vodka partnership with Spectre, the next James Bond movie

Lidl UK have signed a sponsorship deal with parenting website Mumsnet which will include Lidl branding on the site and advertisements for specific products. (Source: The Grocer)
– The UK arm of Anheuser-Busch InBev has embarked on a music-themed promotion of its Budweiser brand in the country, targetting both the on-and the off-trade. (Source: Just Drinks)
Lagunitas Brewing Co is to maintain its UK distribution deal with Adnams but will align with new partner Heineken as it expands into the rest of Europe. (Source: Just Drinks)
Morrisons have sold their chain of 140 convenience stores to Mike Greene and Greybull Capital, as a part of strategy to focus on their core supermarkets. The convenience store chain would be rebranded as My Local. (Source: The Drum)
My Local have announced the completion of £1bn deal with Nisa under which My Local stores will receive deliveries consisting 45% fresh produce from Nisa. (Source: Retail Week)
Pernod Ricard has secured a partnership with Austrian design duo Mischer’Traxler to launch a limited expression of its Perrier-Jouët Champagne in the UK in time for this month’s London Design Festival. (Source: Just Drinks)
Pernod Ricard has secured a partnership with Austrian design duo Mischer’Traxler to launch a limited expression of its Perrier-Jouët Champagne

Household

Dunelm have appointed Peter Ruis as their new Non-Executive Director, with effect from 10 September 2015. (Source: Insider Media)
John Lewis have announced various senior management changes of which, Andrew Murphy, Mark Lewis and Dino Rocos are appointed as Group Productivity Director, Retail Director and Operations Director, respectively. Additionally, the retailer have also announced plans to hire over 3,000 temporary staff in the run-up to busy Christmas trading period. (Source: Company Press Release)
Tesco have announced plans to sell their Tesco Homeplus business in South Korea to MBK Partners. (Source: The Guardian)
Waitrose have announced plans to expand their ‘Pick Your Own Offers’ scheme by adding over 250 products including babycare, health & beauty and additional grocery items. (Source: The Telegraph)
Well Pharmacy have acquired Angel Pharmacy, as a part of their £200m five-year growth plan. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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