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#retailtrends #retailnews #Retail & #Brand trends for w/e 13th November 2015 #marketingweek #eventmagazine

November 16, 2015

Company Results

Burberry have reported no change in total revenue at £1.1bn for the six months to 30 September 2015. Retail revenue increased by 3% to £773.6m while comparable sales increased by 1% for the same period. Wholesale revenue was reported at £304.8m.
Burberry have reported no change in total revenue at £1.1bn for the six months to 30 September 2015.

Card Factory have reported a 7.9% increase in revenue for the nine months to 31 October 2015.
– Conviviality Retail have reported a 38% increase in sales (including Matthew Clark) to £252m for the 27 weeks to 01 November 2015.
Dunnes Stores have reported a 2.6% decrease in revenue to £136.9m for the year to January 2015. Pre-tax profits at the UK arm decreased by 18.7% to £11.3m for the same period. (Source: Verdict)
Fenwick have reported a 1.6% increase in net sales to £357.8m for the 52 weeks to 30 January 2015. Pre-tax profits decreased by 14.2% to £30m for the same period. (Source: Verdict)
Fenwick have reported a 1.6% increase in net sales to £357.8m for the 52 weeks to 30 January 2015.

Halfords Group have reported a 1.8% increase in total group revenue to £533.5m for the six months to 02 October 2015. Group like-for-like revenue increased by 1.4% while retail revenue increased by 1.3% to £458m for the same period. Profits before tax were reported at £46.4m.
John Lewis have reported a 0.4% decrease in sales for the week to 07 November 2015. Fashion and Home sales decreased by 0.6% and 1.0% respectively while Electricals & Home Technology sales increased by 0.9%. Sales at johnlewis.com increased by 8.5%.
Land Securities will not sell any further retail assets in the current cycle, chief executive Robert Noel has told Property Week. (Source: Property Week)
Lovehoney have reported a 53% increase in sales to £43.4m for the year to 31 March 2015. Pre-tax profit increased by 79% to £3.7m for the same period. (Source: Retail Week)
New Look have reported a 5.9% increase in revenue to £756m for the 26 weeks to 26 September 2015. UK like-for-like sales increased by 4.7% while E-commerce sales increased by 37.9% for the same period. Profit before tax was reported at £39.5m.
Pandora have reported a 50.5% increase in UK sales for Q3 2015 while like-for-like sales increased by 17.5% for the same period. (Source: Retail Bulletin)
Reiss have reported a 13.1% increase in sales to £111.1m for the year to 31 January 2015. Pre-tax profit was reported at £10.1m for the same period. (Source: Verdict)
Reiss have reported a 13.1% increase in sales to £111.1m for the year to 31 January 2015

Sainsbury’s have reported a 2% decrease in group sales (including VAT) to £13.6bn for the 28 weeks to 26 September 2015. Like-for-like sales (including VAT, excluding fuel) decreased by 1.6% while retail sales (including VAT, excluding fuel) declined by 0.1% for the same period. Underlying profit before tax decreased by 17.9% to £308m.
Waitrose have reported a 5.6% increase in sales (including petrol) for the week to 07 November 2015.

Lifestyles were weak across the board again this year. White goods and outdoor goods performed poorly again off a weak base from the prior year. The discount brands have also had a poor like-for-like week. There has been some small growth in the small ticket gifting & high end retailers but these have been offset overall by the decline in the white and outdoor goods sales.

Fashion sales have had a poor week with sales down 6.61% on this time last year. Sales across the board are down with no particular sub-sector standing out. High-street and shopping centre footfall is the main contributor to this as they are both down on this time last year.

It has been a good week for homeware however it is un-remarkable when compared to last year’s growth. All contributors are in positive territory with large ticket items and household decorative items performing particularly well. The increased footfall at retail parks compared to this week last year is being sighted as a key factor in the performance of homeware.

Like for like non-store sales have grow again this week however the growth has been less remarkable than this time a year ago. There has been growth across the fashion and homeware contributors as well as the small ticket gifting retailers; however this has been offset by struggling household and outdoor goods sales.

Clothing, Footwear & Accessories

JD Sports have reported a 50% reduction in thefts in flagship stores since introducing Agon Systems electronic article surveillance equipment. (Source: Retail Week)
John Lewis have announced plans to open shop-in-shops within seven branches of The Netherlands’ department store, de Bijenkorf. The first three departments will open in spring 2016 in Amsterdam, Rotterdam and The Hague. (Source: Retail Bulletin)
New Look have announced plans to open up to 20 more standalone menswear stores in the next 18 months as an initial roll-out has proved successful. (Source: Retail Week)
The North Face have opened a flagship store on London’s Regent Street featuring a new design concept. (Source: Drapers)
Retro Mountain have announced plans to launch their first UK store in the form of a pop-up shop on London’s King’s Road. The 1,178 sq. ft. store will be open from 20 November 2015 to 13 December 2015. (Source: Retail Bulletin)
Victoria’s Secret have announced plans to open a new 10,000 sq. ft. regional flagship on Liverpool ONE’s lower South John Street in summer 2016. (Source: Retail Bulletin)
Victoria’s Secret have announced plans to open a new 10,000 sq. ft. regional flagship on Liverpool

Electrical & Entertainment

The Entertainer have announced plans to open new store at The Mall Blackburn. The retailer has taken a 4,000 sq. ft. unit previously occupied by HMV on King William Street. (Source: Retail Bulletin)

Food & Drink

Asda have pulled out of this year’s Black Friday event, citing shopper fatigue as the main reason. (Source: The Guardian)
Asda have launched ‘ToYou’ revamped delivery service that will enable customers to collect and return online orders of George clothing and non-Asda brands at any of the retailer’s 614 stores. (Source: Retail Week)
Lidl have launched first ‘Lidl of the future’ store in Rushden, Northamptonshire. (Source: The Grocer)
Diageo is looking to re-invigorate its Smirnoff vodka brand to appeal more directly to Millennial consumers in all markets. (Source: Just Drinks)
Diageo is looking to re-invigorate its Smirnoff vodka brand to appeal more directly to Millennial consumers in all markets.

Morrisons have appointed Paula Vennells as their new Non-Executive Director, replacing Johanna Waterous, with effect from 01 January 2016. (Source: The Grocer)
Tesco have started giving away free paper bags just months after the government introduced a 5p charge for plastic carriers. (Source: Verdict)

The BRC-KPMG Retail Sales Monitor, October 2015, has revealed that total UK retail sales value in October 2015 decreased by 0.2% on a like-for-like basis from October 2014, when they were unchanged from the preceding year. On a total basis, sales were up 0.9%, against a 1.4% rise in October 2014. Total growth was below the 3-month average of 1.8% and the 12-month average of 1.9%. Retailers reported that the timing of Halloween on a Saturday had a negative impact on shopping that day, while categories popular on Black Friday registered some slowdown in October 2015. In the three months to October 2015, total food sales grew by 0.5% and 0.3% over the twelve months, which was its best performance since July 2014. On a three-month basis, total non-food sales were up 2.9%, almost in line with their twelve-month average of 3.1%.

Household

Amazon have announced the launch of a free same day delivery for Amazon Prime members in London area on 1 million items. (Source: Verdict)
The Conran Shop have appointed Hugh Wahla as their new Chief Executive Officer of Conran Retail & Brand Holdings – the parent company of The Conran Shop. (Source: Retail Times)
Homebase have appointed Chris McDonough as their new Marketing Director, with effect from 01 December 2015. (Source: The Drum)
Kingfisher have launched a new tech platform to revolutionise the customer experience by introducing new services and freeing up store staff to spend more time with customers. (Source: Retail Week)
The Original Factory Shop have appointed of Dave Williams as their new Chief Financial Officer and Tim Bettley as Commercial Director. (Source: Retail Times)
The Rug Company have been sold by founders, Suzanne and Christopher Sharp, and minority shareholder Piper Private Equity to Palamon Capital Partners. (Source: The Telegraph)

Courtesy of ‘Barclays

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