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What’s happening in #retail & with brands – trends for w/e 25th September 2015 #retailtrends #retailnews #marketingweek #eventmagazine

September 28, 2015

Company Results

Card Factory have reported an 8.0% increase in revenue to £161.4m for the six months to 31 July 2015. Like-for-like sales increased by 2.7% while statutory profit before tax was reported at £24m for the same period.
French Connection have reported a 9.8% decrease in revenue to £75.8m for the six months to 31 July 2015. Retail revenue decreased by 14.6% to £42.6m while wholesale revenues decreased by 2.6% to £33.2m for the same period. Like-for-like sales for UK/Europe retail decreased by 10.7% for the same period.
French Connection have reported a 9.8% decrease in revenue to £75.8m for the six months to 31 July 2015

House of Fraser have reported a 6.5% like-for-like increase in total gross transactional value to £574.2m for the 26 weeks to 01 August 2015. (Source: Verdict)
John Lewis have reported a 6.0% increase in sales for the week to 19 September 2015. Fashion, Home and Electricals & Home Technology sales increased by 12.4%, 3.2% and 2.9%, respectively. Sales at johnlewis.com increased by 21.1%.
Lifestyle Europe have reported an 8% increase in turnover to £157m for the 12 months to March 2015. Pre-tax profit increased by 20% to £3.7m for the same period. (Source: AM Online)
Made.com have reported a 63.4% increase in revenue to £42.8m for the year to December 2014. (Source: Retail Week)
Waitrose have reported a 0.3% decrease in sales (including petrol) for the week to 19 September 2015.

Like-for-likes for lifestyle retailers saw their second consecutive week of decline, although performance still remained strong (+4.7%). Sales of lifestyle related goods in department stores performed well this week, and we also noted a resurgence in sales of outdoor goods, almost certainly due to much of the country being treated to unseasonably warm conditions. Casual spend on small ticket gifting items also increased this week.

Fashion had a strong week compared to recent weeks, with like-for-like sales rising by +3.7% compared to this week last year. Whilst lifestyle performed well within department stores, fashion sales within department stores slumped this week and mainstream fashion retailers largely outperformed their designer counterparts. Some retailers launched targeted promotional campaigns of autumn ranges this week, and saw considerably improved like-for-likes on the back of these campaigns.

Homeware like-for-likes fell marginally this week, with sales down by -0.9% compared to the same week last year. Homewares was the best performer this week last year, so figures were from a stronger base than the other categories. Furniture and soft furnishings had a bad week compared to DIY.

Another reasonable week for non-store sales, with like-for-likes recording their second consecutive week with growth greater than 20% (+23.7%). Many fashion retailers who reported weaker store sales this week noted stronger sales through non-store channels, with targeted email campaigns targeting new autumn lines also helping to provide a sales lift. Internet only retailers also had a strong week this week.

Clothing, Footwear & Accessories

Jaeger have announced plans to sell their flagship store at London’s Regent Street to US brand Coach. (Source: Verdict)
Ness have announced plans to open a 1,650 sq. ft. store at the Bon Accord & St Nicholas shopping centres in Aberdeen. (Source: Retail Bulletin)
Scotts have opened a standalone store for their new clothing line for youth, Scotts Jnr., in Halle Square in Manchester’s Arndale Centre. (Source: Drapers)
SuperGroup have launched their Superdry brand in China, in a joint venture agreement with Trendy International. (Source: The Guardian)
SuperGroup have launched their Superdry brand in China, in a joint venture agreement with Trendy International.

Some updates from our friends at Insider Trends:

Insider Trends logo

It’s been an exciting few months for retail in London, with some of the most innovative companies launching new stores on our doorstep. We at Insider Trends have rounded up a selection of our favourites for you to check out – let us know what you think of them below, and if there are any we’ve missed that would make your list!

Anya Hindmarch Service Station

This fashion week, luxury went functional with a unique Anya Hindmarch service station in Selfridges’ carpark. The pop-up shop sold an exclusive range of products by the accessories designer, including bags, personalised high-vis jackets and condoms. A strong contender for the chicest service station in the world!
Insdier TRends pic 1

The Penguin Pop-Up Shop

Happy Birthday Penguin! The classic literary publisher celebrated their 80th with a pop-up shop filled with books and merch at Insider Trends’ favourite Boxpark. Penguin, you don’t look a day over 30…
Insider Trends pic 2

Pop Brixton

As well as individual stores, a whole shopping centre and social enterprise popped up in Brixton this summer. It aims to support local businesses, while offering workshops, events and programmes to give back to the community. And on top of that, it serves up a cracking good time too!
Insider Trends pic 3

The Dandy Lab

A new men’s lifestyle shop launched for those of us with dashing, dandy, dapper tastes. As well as great threads, the store is enhanced by the latest retail technology to tell product stories like an immersive magazine. A futuristic twist on classic style!
Insider Trends pic 4

Porterlight Bicycle’s Pop-Up Possibility Shop

Porterlight, in conjunction with Insider Trends’ faves Appear Here, launched a pop-up shop in Covent Garden with a wall of personal possibility pledges, as well as free evening talks, video screenings, and events based around the theme of possibility from the worlds of Adventure, Entrepreneurship, Cycling and Technology. Their aim was to get people excited about the brand – and it certainly worked on us!
Insider Trends pic 5

To visit these stores and many more, join brands like Unilever, Clarks and Chanel on one of our retail safaris. To chat to us about your company’s innovation needs, to book a retail safari, or just to hear our joke about the cow and the helicopter (it’s a hoot), email us contact@insider-trends.com or give us a bell: +44 (0)20 7183 3785.

Electrical & Entertainment

Amazon UK have launched a new industrial and scientific supplies store business, offering over half a million products including lab and scientific products, and professional medical supplies. (Source: Retail Times)
Maplin is providing specialist drone flying training to their staff to enable them to offer advice on flying techniques to customers. (Source: Retail Bulletin)

Food & Drink

Argos have announced plans to recruit over 9,000 seasonal workers in the run up to the busy Christmas trading period. (Source: Retail Bulletin)
Global Brands has launched a five-strong portfolio of premix cocktails in the UK. The range comprises Mojito, Woo Woo, Strawberry Daiquiri, Appletini and Cosmo. (Source: Just Drinks)
Global Brands has launched a five-strong portfolio of premix cocktails in the UK. The range comprises Mojito, Woo Woo, Strawberry Daiquiri, Appletini and Cosmo

Morrisons have appointed Neil Davidson as their new Non-Executive Director, with effect from 01 October 2015. (Source: Company Press Release)
Sainsbury’s have announced plans to scout for a town as a test bed for their new initiatives, as a part of their £10m project to tackle household food wastage. (Source: Retail Gazette)

Household

Boots have announced plans to launch a personalised discount scheme in around 100 stores that will enable customers to choose brands to receive discounts. (Source: Retail Week)
John Lewis have opened a new 250,000 store at the new Grand Central retail development in Birmingham. (Source: Company Press Release)
Virgin Holidays have opened their new concept store at Bluewater shopping centre. (Source: Retail Times)

Courtesy of ‘Barclays

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