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#retailtrends #retailnews #Retail & #Brand trends for w/e 19th February 2016 #marketingweek #eventmagazine

February 22, 2016

Company Results

  • Glyn Hopkins have reported a 20.2% increase in turnover to £419.4m for the 12 months to 31 December 2015. (Source: AM Online)
  • John Lewis have reported a 7.0% increase in sales for the week to 13 February 2016. Fashion, Home and Electricals & Home Technology sales increased by 2.9%, 3.1% and 15.6%, respectively.
  • Pendragon have reported an 11.3% increase in revenue to £4.5bn for the 12 months to 31 December 2015. Profit before tax stood at £79.0m for the same period.
  • Waitrose have reported a 1.0% increase in sales (excluding petrol) for the week to 13 February 2016.

Lifestyle saw a significant improvement in like-for-like sales after a month of negative figures, as sales jumped by +3.3% year-on-year. Across the board, retailers saw positive movement as sales of outdoor goods and gifting items saw an upturn fuelled by a lull in poor weather and Valentine’s Day offers. The year-on-year increase in footfall in retail parks has also contributed to growth as larger regions not affected by flooding or poor weather saw strong improvements.

Marginal growth in fashion like-for-like sales has not moved the sector out of negative territory despite moving to -2.2% this week (after -3.74% last week). While both footwear and accessories saw small, but discernible improvements in like-for-like sales, clothing continued to decline. Despite the monthly improvement in high street footfall reported for the end of January, year-on-year high street footfall has declined with only the East Midlands seeing any growth. Retailers based in shopping centres reported mixed results as storms impacted footfall in regions including Scotland and Wales.

Consumers’ focus on revamping the home has provided a welcome boost as homeware retailers saw continued positive growth in like-for-like sales by +4.5%. An increase in retail park footfall, particularly in the East of England, London and the Southwest, helped drive growth with home accessories witnessing an improvement in sales.

Non-store like-for-like sales returned to figures seen earlier in 2016 with nearly 20% growth in like-for-like sales (+18.8) reported this week the best figures since early January 2016. Designer/high end fashion retailers and specialty retailers (including lingerie and gifts) saw growth in remote sales driven by Valentine’s Day gift giving. Mass retailers saw moderate improvements though group performance was still weak overall.

Clothing, Footwear & Accessories

  • Boohoo have acquired an office space on China Lane in Manchester, as a part of their plan to extend their head office. (Source: Drapers)
  • Brantano have been bought out of administration as Alteri Investors acquired 140 out of 200 stores. (Source: The Guardian)
  • Hotter have appointed Sara Prowse as their new Chief Executive Officer, replacing Peter Taylor. (Source: Drapers)
  • JD Sports have appointed Andy Rubin as their new Non-Executive Director. (Source: Company Press Release)
  • TopShop have collaborated with Wedgwood to create various print patterns for their upcoming ‘SS16 Unique collection’. (Source: The Guardian)

TopShop have collaborated with Wedgwood to create various print patterns for their upcoming ‘SS16 Unique collection

  • Uniqlo have announced plans to reopen their flagship store on London’s Oxford Street by 18 March 2016. (Source: Retail Gazette)
  • Xtend Barre have announced plans to open their first European flagship location, a 3,000 sq. ft. store at 49 Marylebone High Street, London by May 2016. (Source: Retail Bulletin)

Electrical & Entertainment

  • GAME Digital have acquired Spanish online platform SocialNAT from the Social Electronica Sports Company, as a part of their strategy to enter competitive video game market. (Source: Reuters)

Food & Drink

  • Aldi have announced plans to hire 5,000 more staff as the retailer opens 80 more stores in the UK in 2016. (Source: The Independent)
  • Gruppo Campari has announced Campari UK, is the new trading name for its UK subsidiary J Wray and Nephew (Source: website)

wray and nephew, campari UK, The SHard 2016

  • Asda have announced plans to extend their shop-in-shop partnership with Decathlon by opening four more Decathlon shop-in-shops in their stores. (Source: Retail Week)
  • Asda have announced plans to refurbish their Killingbeck store in Leeds, as a part of their plan to make it a flagship store. (Source: Verdict)
  • Tesco have announced plans to extend additional financial support for dairy farmers who produce milk for their own label cheddar cheese products. (Source: Verdict)

The latest figures from the IMRG Capgemini e-Retail Sales Index has revealed that online retail sales recorded a 15% year-on-year increase in January 2016, as compared to a 7% growth in January 2015. The strong performance suggests that the Black Friday effect, which appeared to influence a prolonged downturn in sales growth in Q1 2015, has not been repeated in 2016. If the positive performance continues for the whole Q1 2016, it may suggest that the Black Friday effect was a blip in 2014. This may have been due to the surprising scale of the event, or it could be down to other factors such as uncertainty around the election and strength of Sterling, which also played a significant role in suppressing growth in early 2015.

Household

  • Halfords have announced plans to recruit 600 trainees in 2016 as a part of a scheme aimed at unemployed young people. (Source: The Independent) Smiggle have announced plans to open over 50 new stores in the UK in 2016. (Source: Retail Week)
  • Sofaworks have launched a four-week trial of a real-time behavioural tool that sends customers personalised offers while they shop in-store. (Source: Retail Week)

Sofaworks have launched a four-week trial of a real-time behavioural tool that sends customers personalised offers

Courtesy of ‘Barclays

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