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What’s happening in #retail & with brands – trends for w/e 16th October 2015 #retailtrends #retailnews #marketingweek #eventmagazine

October 19, 2015

Company Results

Booker have reported a 10% increase in pre-tax profit to £74.1m for the 24 weeks to 11 September 2015. Internet sales increased by 11% to £461m for the same period.
Burberry have reported a 2% increase in their retail sales to £774m for the six months to 30 September 2015. Like-for-like retail sales increased by 1% for the same period.
Burberry have reported a 2% increase in their retail sales to £774m for the six months to 30 September 2015

Game Digital have reported a 0.6% increase in total sales to £866.6m for the year to 25 July 2015. Pre-tax profit was reported at £25.8m for the same period. (Source: Verdict)
John Lewis have reported no change in sales for the week to 10 October 2015. Home and Electricals & Home Technology sales increased by 0.9% and 2.3% respectively while Fashion sales decreased by 3.1%. Sales at johnlewis.com increased by 9.9%.
N Brown have reported a 4.2% increase in their group revenue to £415.8m for the 26 weeks to 29 August 2015. Statutory profit before tax was reported at £19.4m for the same period.
Vertu Motors have reported a 14% increase in sales to £1.2bn for the six months to 31 August 2015. Like-for-like new car retail volumes increased by 1.2% while like-for-like used car sales volumes increased by 4.2% for the same period. Profit before tax increased by 28.1% to £16.4m.
Waitrose have reported a 2.7% increase in sales (including petrol) for the week to 10 October 2015.
LVMH posted its Q3 revenues this week, but despite a weak euro sales offashion saw its weakest growth this year. (Source: Bloomberg)
LVMH posted its Q3 revenues this week, but despite a weak euro sales offashion saw its weakest growth this year

WH Smith have reported a 1% increase in total group sales for the year to 31 August 2015. High street total sales decreased by 4% while group pre-tax profit increased by 8% to £121m for the same period.

The BRC-KPMG Online Retail Sales Monitor, September 2015, has revealed that online sales of non-food products in the UK grew by 14.2% in September 2015, compared to 8.2% growth in September 2014, the second slowest growth of 2014. This is ahead of the 12-month average of 12.1%. Online sales represented 17.7% of total non-food sales in September 2015, against 17.2% in September 2014, a 0.5 percentage point increase, the smallest since April 2014. Furniture saw the second-highest growth of all categories, helped by the positive distortion of the bank holiday inclusion in September 2015. The fashion categories contributed the strongest to non-food growth, helped by a soft comparable in September 2014. Online sales contributed 1.4 percentage points to the growth of non-food total sales in September 2015. Stores contributed more than Online, helped by the inclusion of the bank holiday in the period.

Clothing, Footwear & Accessories

– NIKE has set itself an ambitious goal, targeting 50billion dollars in revenue by the end of the 2020 financial year. (Source:
NIKE has set itself an ambitious goal, targeting 50billion dollars in revenue by the end of the 2020 financial year

M&S have announced plans to launch new personalised customer membership scheme ‘Sparks’ by 22 October 2015. (Source: The Guardian)
M&S have appointed Andrew Fisher as their new Non-Executive Director, with effect from 01 December 2015. (Source: Company Press Release)
Radley have appointed Alan Stone-Wigg as their Chief Operating Officer in a newly created role, with effect from January 2016. (Source: Drapers)
Swarovski have announced plans to open a new 2,100 sq. ft. store at Cobden Court Mall in Blackburn. (Source: Retail Bulletin)

Electrical & Entertainment

Amazon have announced plans for to hire 19,000 people in seasonal roles within their fulfilment and customer service centres for the busy Christmas period. (Source: Retail Bulletin)
eBay have signed a multi-year partnership with Argos that allows online marketplace’s sellers to drop-off products at Argos stores nationwide for delivery. (Source: Retail Week)

Food & Drink

Adnams, brewer and retailer, have opened their new store in Cornhill, Bury St Edmunds. (Source: Retail Bulletin)
Asda have appointed Roger Burnley as their new Chief Operating Officer, replacing Mark Ibbotson, with effect from early 2016. (Source: The Grocer)
John Lewis have announced plans to open a new 115,000 sq. ft. department store in Cheltenham by 2017. (Source: The Guardian)
Heineken has completed its acquisition of a 50% stake in Californian brewer Lagunitas Brewing Co. (Source: Just Drinks)
M&S have launched a new nationwide surplus food redistribution scheme which will connect all their stores with local food charities, as a part of their target plan of reducing food waste by 20% by 2020. (Source: The Guardian)
Tesco have announced plans to sell their 14 Spenhill development sites in London, the South East and Bath for £250m. (Source: The Telegraph)
Tesco have appointed Andrew Fisher as their new Non-Executive Director, with effect from 01 December 2015. (Source: Company Press Release)

According to the new report from the Local Data Company and PwC, the number of stores being closed by retailers has dropped to its lowest level in five years. During the first six months of 2015, 2,634 high-street shops closed across the UK, an average of 14 stores per day and down from 16 stores per day in the first half of 2010. The analysis of 65,588 outlets in 500 town centers up and down the country revealed that 2,197 stores opened in the first half of 2015, compared with 2,634 closures, a net reduction of 437 shops in first half of 2015. This represents a 7.6% increase year-on-year in the net number of closures, as during the first half of 2014, 2,597 stores opened while 3,003 closed, giving a net reduction of 406 shops. The study also revealed that the overall volume of activity recorded a combined total of 4,831 openings and closures during the first half of 2015, representing a 37.6% drop-off in activity compared to the same period five years ago.

Household

Clas Ohlson have opened their first new smaller format store (300 Sq. mt) at St Albans. (Source: Retail Bulletin)
Clas Ohlson have opened their first new smaller format store (300 Sq. mt) at St Albans.

Wilko have selected ‘In Kind Direct’ as one of their preferred UK-wide charities and have pledged to give further surplus products and funds. (Source: Company Press Release)

Courtesy of ‘Barclays

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