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What’s happening in #retail & with brands – trends for w/e 9th October 2015 #retailtrends #retailnews #marketingweek #eventmagazine

October 12, 2015

Company Results

Arnold Clark have reported a 12.3% increase in group sales to £3.2bn for the year 2014. Group profit before tax increased by 26% to £107m for the same period. (Source: AM Online)
Asda have reported a 0.4% decrease in sales to £23.2bn for the year to 31 December 2014. Like-for-like sales (excluding petrol and VAT) decreased by 1% for the same period. (Source: Retail Week)
Westons Cider has increased full-year sales and profits as repackaging efforts help boost its core brands. (Source: Just Drinks)
Westons Cider has increased full-year sales and profits as repackaging efforts help boost its core brands.

Austin Reed have reported a 7.8% decrease in turnover to £100.5m for the year to 31 January 2015. Pre-tax loss was reported at £5.4m for the same period. (Source: Verdict)
DFS have reported a 7.5% increase in group revenue to £706.1m for the 52 weeks to 01 August 2015. Profit before tax was reported at £10.7m for the same period.
Dunelm have reported a 12% increase in total sales to £202.3m for the 13 weeks to 03 October 2015. Like-for-like sales increased by 5.5% for the same period.
Greggs have reported a 5.0% increase in total sales for the 13 weeks to 03 October 2015. Own shop like-for-like sales increased by 4.9% for the same period.
John Lewis have reported a 3.4% increase in sales for the week to 03 October 2015. Fashion, Home and Electricals & Home Technology sales increased by 7.1%, 0.6% and 2.6%, respectively. Sales at johnlewis.com increased by 16.1%.
Kurt Geiger have reported a 15.4% increase in sales to £251.8m for the year to 31 December 2014. Profit before tax was reported at £11.3m for the same period. (Source: Retail Week)
Kurt Geiger have reported a 15.4% increase in sales to £251.8m for the year to 31 December 2014

Ted Baker have reported a 24.5% increase in group sales to £226.8m for the 28 weeks to 15 August 2015. Retail sales including e-commerce increased by 20.1% to £168.2m, while wholesale sales increased by 39.1% to £58.6m for the same period. E-commerce sales increased by 63.6% to £22.9m, while pre-tax profit stood at £17.8m for the same period.
Tesco have reported a 1.9% decrease in group sales (excluding VAT) to £23.9bn for the 26 weeks to 29 August 2015. UK sales decreased by 1.2% to £18.3bn while group statutory profit before tax was reported at £74m for the same period.
SABMiller has reported a healthy lift of its top line in the second quarter, with half-year sales accelerating in the latter three months (Source: Just Drinks)
Vision Express have reported an 11% increase in group sales to £240.5m for the year to 31 December 2014. Profit before tax decreased by 29% to £12.9m for the same period. (Source: Retail Week)
Waitrose have reported no change in sales (including petrol) for the week to 03 October 2015.

Sales of lifestyle goods saw their fifth consecutive week of positive like-for-likes, with sales for the week ending up 2.0% compared to the same week last year. The rise in footfall in urban areas, and particularly in London, meant sales of lifestyle-related goods within department stores were particularly strong, and giftware and stationery also sold well. This was particularly encouraging given that we also noted strong sales in the same categories this time last year.

Fashion like-for-likes returned to positive territory this week, with sales up by +1.4% compared to the same week last year. Mass market fashion sold well this week, and designer retailers generally saw a more testing week. Interestingly, sales of clothing within department stores was down this week, despite lifestyle related sales within stores being up. Some retailers launched midseason sales this week which provided a boost to like-for-likes, although the unseasonably warm conditions at the weekend meant some retailers reported sales of items for colder weather stalled slightly. One of the categories to suffer particularly was footwear, with weekly like-for-likes declining by -3.54%.

Homeware like-for-likes reached their highest level since mid-May, with sales up by +8.3% compared to the same week last year. Sales were up universally, with retailers of soft furnishings enjoying a particularly good week.

Non-store was comparatively the worst performer this week, with like-for-like sales rising by just +12.7% compared to the same week last year. Fashion sales through non-store channels this week were particularly weak, with consumers preferring to head to the physical high street due to the warm weather. The major exception to this were retailers which started targeted online promotional activity during the week.

Clothing, Footwear & Accessories

Fatface have announced plans to open a 120,000 sq. ft. distribution centre in Portsmouth. (Source: Drapers)
House of Fraser have launched two premium next-day delivery options for their customers, to complement the existing pre-9 AM and evening delivery services. (Source: Retail Week)
Joules have opened a new 4,578 sq. ft. store in Centre:mk in Milton Keynes. (Source: Retail Times)
Love Aroma have opened four new stores at Grand Central shopping centre in Birmingham, St Albans, Burton-on-Trent and Grimsby, as a part of their national expansion plans. (Source: Retail Bulletin)
Love Aroma have opened four new stores at Grand Central shopping centre in Birmingham, St Albans, Burton-on-Trent and Grimsby

Net-A-Porter have appointed Alison Loehnis as their new President, with effect from 05 October 2015. (Source: Drapers)
Quiz have announced plans to open a 3,459 sq. ft. store at Fremlin Walk shopping centre in Maidstone. (Source: Retail Bulletin)
Ted Baker have announced plans to open stores in Mexico and Hawaii by the end of 2015. (Source: Financial Times)

Electrical & Entertainment

Dixons Carphone have appointed Graham Stapleton as their new Chief Executive Officer for Connected World Services. The retailer has also appointed Jeremy Fenell as their new Managing Director for Carphone Warehouse. (Source: Verdict)
HMV have announced plans to enter 10 markets in Europe via their website, as a part of their international expansion plans. The retailer has also announced plans to open stores in Middle East in partnership with Al Mana Group. (Source: The Telegraph)
HMV have announced plans to enter 10 markets in Europe via their website, as a part of their international expansion plans

Waterstones have announced plans to take off Amazon’s Kindle e-reader from the shelf in wake of falling sales of the e-reading device. (Source: The Telegraph)

Food & Drink

Amazon have launched one-hour online grocery deliveries for chilled and frozen groceries in selected London postcodes. (Source: Retail Week)
– The head of Carlsberg’s operations in the UK, James Lousada, has left the unit, less than two years after assuming the role. (Source: Just Drinks)
Argos have launched a same day home delivery service across the UK offering four home delivery time slots at a cost of £3.95. (Source: The Guardian)
Conviviality have completed the acquisition of Matthew Clark from Punch Taverns and Hertford Cellars. (Source: Yahoo Finance)
Lidl have announced plans to include their Northern Irish workers along with rest of the UK staff under their new pay policy introduced in September 2015. (Source: BBC News)

According to The Local Data Company, the shop vacancy rate across the country declined to 12.9% in September 2015, lowest level since April 2010. Vacancy rate for food, beverage and entertainment outlets increased from 8.13% in August 2015 to 8.16% in September 2015, highest level since 2013. The town vacancy rate dropped by 0.1% in September 2015 while the shopping center vacancy rate fell by 0.2% to reach 14.6%. Retail parks also witnessed a decline in vacancy rate, with a 0.1% fall in September as compared to August 2015. The figures show that while some business types were reoccupying empty premises, over 400 shops were removed from the overall stock last month as a result of change of use, demolition or redevelopment.

Household

H&M Homewares have announced plans to open their first concession in Selfridges’ Trafford Centre store by 15 October 2015. (Source: Retail Week)
Loaf have opened their first 8,000 sq. ft. store in London’s Battersea. (Source: Retail Gazette)
Smiggle have announced plans to open a 568 sq. ft. store at Fremlin Walk shopping centre in Maidstone. (Source: Retail Bulletin)
Wiggle have announced plans to close their concessions in the Homebase stores by 10 October 2015. (Source: Retail Week)

Courtesy of ‘The Thinker

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