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#retailtrends #retailnews #Retail & #Brand trends for w/e 26th December 2015 #marketingweek #eventmagazine

December 7, 2015

Company Results

  • Caffyns have reported a 13% increase in revenue to £117.7m for the six months to 30 September 2015. Underlying profit before tax stood at £1.5m for the same period. (Source: AM Online)
  • Fortnum & Mason have reported 19% increase in sales to £88m for the year to July 2015. Like-for-like sales increased by 13% while online sales increased by 22% for the same period. Pre-tax profit stood at £5m for the same period. (Source: Retail Week)
  • French Connection have reported a 0.2% increase in UK/Europe like-for-like sales for the 16 weeks to 21 November 2015.

French Connection have reported a 0.2% increase in UK:Europe like-for-like sales for the 16 weeks to 21 November 2015.

  • Jaeger have reported a 6% increase in sales to £84.2m for the 12 months to 28 February 2015. Like-for-like sales increased by 8% while pre-tax loss was reported at £7m for the same period. (Source: Retail Week)
  • John Lewis have reported a 4.8% increase in sales for the week to 28 November 2015. Fashion, Home and Electricals & Home Technology sales increased by 4.8%, 3.7% and 5.5% respectively, while sales at johnlewis.com increased by 15.5%.
  • John Lewis have reported an 11.9% increase in a day’s sales on Black Friday 2015 as compared to Black Friday 2014. (Source: Verdict)
  • Karen Millen have reported flat sales of £178m for the year to February 2015. (Source: Retail Week)

Karen Millen have reported flat sales of £178m for the year to February 2015

  • McColl’s have reported a 2.7% increase in total sales for the 13 weeks to 29 November 2015. Like-for-like sales decreased by 1.8% for the same period.
  • Oasis have reported a 5.4% increase in sales to £171.9m for the year to 28 February 2015. Online sales increased by 32% while pre-tax profit stood at £5.6m for the same period. (Source: Retail Week)
  • Topps Tiles have reported an 8.7% increase in group revenue to £212.2m for the 53 weeks to 03 October 2015. Like-for-like revenues increased by 5.4% while pre-tax profit increased by 19.3% to £20.4m for the same period.
  • Waitrose have reported a 2.1% increase in sales (including petrol) for the week to 28 November 2015.

 

Retailers of lifestyle goods were unable to produce the exceptional performance of Black Friday week in 2014, with like-for-likes falling by -2.11% compared to the same week last year. Just three retailers reported positive like-for-likes for the week, and it was retailers of electrical goods which reported the best results. Stationery and other small ticket gifting retailers saw a lesser slide, whilst department stores and more premium giftware retailers had a poor result for Black Friday.

Fashion like-for-likes were also in negative territory this week, with sales falling by -1.90% compared to the same week last year. The online promotion campaigns of many fashion retailers provoked sharp increases in non-store expenditure which failed to be replicated in bricks and mortar locations. The most notable slide in like-for-likes was amongst retailers who promoted Black Friday in 2014, but did not participate this year. Fashion within department stores were among the weaker performers this week, with the overall average being brought up by retailers who did not participate in discounting in 2014 but did this year.

Homewares saw an increase of +5.08% in like-for-likes this week, with consumers’ appetite for large ticket furniture items and soft furnishings strong over the Black Friday period.

Non-store was the biggest winner during Black Friday week and, whilst a figure of +20.57% in non-store like-for-likes would not have been considered a strong performance two years ago, it represents the strongest rise in like-for-likes for six weeks, and demonstrates the success of Black Friday promotions within the online sphere. Only a fifth of retailers reported negative non-store like-for-likes this week, and lifestyle and designer fashion retailers reported particularly strong non-store sales this week.

Clothing, Footwear & Accessories

  • Animal, the sports lifestyle retailer, have appointed Paul Fowler as their new Managing Director, with effect from January 2016. (Source: Retail Bulletin)
  • Dolly Lloyd have opened their first brick-and-mortar store at Fulham Road, London. (Source: Company Press Release)
  • Pandora have announced plans to open a new store at the Abbeycentre in Newtownabbey. (Source: Retail Bulletin)
  • Trustworth International have acquired footwear retailer Office from Silverfleet Capital. (Source: Financial Times)
  • Uniqlo have announced plans to launch a collection of women’s, kids and men’s products for their LifeWear clothing range, in partnership with Liberty Department store. (Source: Verdict)

Uniqlo have announced plans to launch a collection of women’s, kids and men’s products for their LifeWear clothing range.jpg

Electrical & Entertainment

  • Amazon have announced that more than 7.4 million items were ordered on their website in UK on Black Friday, beating their previous total of 5.5 million on Black Friday in 2014. (Source: The Telegraph)
  • The Entertainer have announced plans to open new stores in North of England and Scotland by 2016. The retailer has also raised £1m through its partnership with digital charity box, Pennies, helping eight different children’s hospital charities. (Source: Company Press Release)

As per the data released by British Council of Shopping Centres and Footfall, the number of Black Friday shoppers in UK shopping centres and retail parks fell by 4% in 2015 as compared to 2014. This year, visitor numbers before 7am showed an increase on 2014, with the exception of midnight to 2am, which showed a decrease of 40%. The volumes over the rest of the day were lower than 2014, with a peak at 9pm seeing visitor numbers grow by 43% compared to the same time for on Black Friday 2014. The research stated that the fall in number of Black Friday 2015 shoppers was the result of some major retailers not participating in this year’s event, while others scaled back their sales periods on the day or offered special offers over multiple days or weeks.

Food & Drink

  • Booker Group have announced that Bryn Satherley will step down as Group Operations Director with effect from 01 April 2016, as a part of group’s directorate changes. The group have also appointed Guy Farrant as their Chief Operating Officer. (Source: Company Press Release)
  • Carlsberg has emerged as the frontrunner to take over SABMiller’s Grolsch and Peroni beer brands should Anheuser-Busch InBev offload them
  • Groupe Danone has launched a Star Wars-themed range of Volvic bottles as part of the brand’s tie-up with the upcoming The Force Awakens movie.

Groupe Danone has launched a Star Wars-themed range of Volvic bottles as part of the brand's tie-up with the upcoming The Force Awakens movie.

Household

  • Fresh have opened a 762 sq. ft. store at Seven Dials, London. (Source: Company Press Release)
  • Howdens have appointed Richard Pennycook as their new Non-Executive Chairman, with effect from May 2016, replacing Will Samuel. (Source: Company Press Release)
  • Lavender Green have opened a 474 sq. ft. store at Fulham Road, London. (Source: Retail Bulletin)

 

Courtesy of ‘Barclays

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