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#retailtrends #retailnews #Retail & #Brand trends for w/e 12th February 2016 #marketingweek #eventmagazine

February 15, 2016

Company Results

  • Christian Louboutin UK have reported a 14% increase in sales to £44.3m for the 12 months to 31 August 2015. Pre-tax profits stood at £5.5m for the same period. (Source: Verdict)

Christian Louboutin UK have reported a 14% increase in sales to £44.3m for the 12 months to 31 August 2015

  • Dunelm have reported a 10.3% increase in sales to £448.1m for the 26 weeks to 02 January 2016. Like-for-like sales increased by 4.6% while profit before tax increased by 10.7% to £75.5m for the same period.
  • John Lewis have reported a 2.5% increase in sales for the week to 06 February 2016. Fashion and Electricals & Home Technology sales increased by 4.4% and 5.4% respectively, while Home sales decreased by 1.9%.
  • New Look have reported a 5.6% increase in revenue to £1.2bn for the 39 weeks to 26 December 2015. UK like-for-like sales increased by 4.3% while profit before tax stood at £87.9m for the same period.
  • Pandora UK have reported 49.7% increase in sales for the three months to December 2015. UK like-for-like sales increased by 18.8% for the same period. (Source: Verdict)
  • Waitrose have reported a 0.8% increase in sales (excluding petrol) for the week to 06 February 2016.

Lifestyle like-for-like sales continue to decline, falling 1.3% year-on-year, after falling by 0.80% last week. Fitness brands performed well as consumers focused on health and exercise, while sales of outdoor goods performed poorly again as the storms continue to batter the UK.

Fashion returned to negative growth, plunging to -3.7% after posting positive results last week. The end of Christmas discounting has had a discernible impact as retailers struggle to reach consumers. Both mass fashion and bespoke stores have seen spiralling like-for-like declines though the introduction of spring lines may help boost sales in the coming weeks.

January furniture sales may have helped keep homeware retailers stay positive as like-for-like sales grew by 1.5% from an on-going positive base. Recent studies have shown consumers are focused on redecorating in lieu of larger new purchases and retailers will benefit.

The loss of post-Christmas discounting knocked the stride of non-store like-for-like sales with figures up only +13.8% compared to more than +17% last week and +21% this time last year. Designer retailers continued to have strong remote sales while niche giftware and accessories saw significant improvements. Fashion retailers continued their in-store trend with non-store sales faltering again this week.

Clothing, Footwear & Accessories

  • Boden have conducted 3D body scans in collaboration with Sizemic, to find out the average size and shape of their customers. (Source: Retail Week)
  • Burberry have announced plans to make their collections available to purchase in-store and online immediately following their fashion shows, with effect from September 2016. (Source: Bloomberg)
  • John Lewis have signed a deal to stock products from online clothing retailer Finery in six of their stores, including Oxford Street. (Source: The Telegraph)
  • Lorna Jane have opened their first UK store in Covent Garden, London. (Source: Retail Week)

Lorna Jane have opened their first UK store in Covent Garden, London

  • M&S have announced plans to launch a new childrenswear collection designed by supermodel Jourdan Dunn from April 2016. (Source: Drapers)
  • NARS have announced plans to open a new 900 sq. ft. store at Covent Garden’s ‘Beauty Quarter’ on King Street by Summer 2016. (Source: Retail Times)
  • Ocado have announced plans to integrate a wireless mobile network into their automated warehouses, enabling the base station to co-ordinate 1,000 robots at a time. (Source: Company Press Release)
  • Pandora have announced plans to open a new 1,600 sq. ft. store at the Centre:mk shopping centre in Milton Keynes by end of February 2016. (Source: Retail Bulletin)
  • Timberland have announced plans to open a 1,630 sq. ft. store at London’s Oxford Street. (Source: Verdict)

Timberland have announced plans to open a 1,630 sq. ft. store at London’s Oxford Street

Electrical & Entertainment

  • The Works have announced plans to open 60 new stores across the UK in 2016. (Source: Retail Bulletin)

Food & Drink

  • Anheuser-Busch InBev has confirmed receipt of an offer from Asahi Group to buy SABMiller’s Grolsch, Meantime and Peroni Nastro Azzuro beer brands.

Anheuser-Busch InBev has confirmed receipt of an offer from Asahi Group to buy SABMiller's Grolsch, Meantime and Peroni Nastro Azzuro beer brands..png

  • M&S have launched a ‘Skinny beef burger’ which contains less than 3% fat and only 110 calories. (Source: Company Press Release)
  • Sainsbury’s have announced plans to scrap multi-buy promotions by Summer 2016. (Source: The Guardian)
  • Sainsbury’s have also launched two limited edition canvas shopper bags in collaboration with Bell Freud to raise money for Sports Relief. (Source: Company Press Release)
  • Tesco have announced plans to conduct trial for their new ‘Sheep Farming Production Model’. The retailer has also taken full control of its Harris+Hoole coffee chain after buying out the remaining 51% share from its founding investors. (Source: The Telegraph)
  • Waitrose have announced plans to end their sponsorship deal with English Cricket Board after completion of next winter’s tour of India. (Source: Verdict)

The BRC-KPMG Retail Sales Monitor, January 2016, has revealed that total UK retail sales value in January 2016 increased by 2.6% on a like-for-like basis from January 2015, compared to 0.2% in the preceding year. On a total basis, sales were up by 3.3% in January 2016, against a 1.6% rise in January 2015. This is the best growth since September 2015, ahead of 3-month average of 1.6% and a 12-month average of 1.9%. In January 2016, all product categories contributed to the growth, apart from food, which turned slightly negative but the 3-month and 12-month averages for food remained unchanged from December 2015. Furniture topped the growth rankings among the product categories.

Household

  • Poundland have announced plans to launch a new range of gardening products in collaboration with Charlie Dimmock, by the end of February 2016. (Source: Company Press Release)
  • Smiggle have announced plans to open their first Scotland store at Silverburn shopping centre in Glasgow from March 2016. (Source: Company Press Release)

Courtesy of ‘Barclays

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