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#retailtrends #retailnews #Retail & #Brand trends for w/e 26th February 2016 #marketingweek #eventmagazine

February 29, 2016

Company Results

  • The Hut Group have reported a 35% increase in sales to £335m for the 12 months to 31 December 2015. Like-for-like sales increased by 34% for the same period. (Source: Retail Week)
  • John Lewis have reported a 6.9% increase in sales for the week to 20 February 2016. Fashion, Home and Electricals & Home Technology sales increased by 1.9%, 7.8% and 11.1%, respectively.
  • Waitrose have reported a 3.7% increase in sales (excluding petrol) for the week to 20 February 2016.
  • Whole Foods have reported a 12.5% increase in sales to £114.1m for the 12 months to 27 September 2015. Like-for-like sales increased by 8.7% for the same period. (Source: Retail Week)

Whole Foods have reported a 12.5% increase in sales to £114.1m

Like-for-like sales in the lifestyle segment saw continued improvement this week (+1.2%), although not as significant an improvement as last week’s figures. While sports and outdoor goods retailers saw a decline in sales, this was offset by an increase in gifts and stationary retailers which contributed to mixed results.

Fashion like-for-like sales remain in the negative for yet another week with figures of -2.7%. Footwear and clothing saw further declines as sports retailers and high street fashion retailers felt the continued impact of poor footfall on the high street. However, accessories saw continued improvement moving into positive like-for-like sales. Improved footfall in retail parks throughout the UK may have helped growth as consumers opted to revive their wardrobes through accessories rather than invest in new clothing or shoes.

After four weeks of positive like-for-like sales, homeware retailers had a seriously poor week with figures plummeting to -10.8. Soft furnishings and home accessories (e.g. blinds, curtains, rugs, etc.) underperformed this week despite less turbulent weather and continued improvement in retail park footfall.

Non-store like-for-like sales saw a slight stumble with figures of +17.70, a marginal decline on last week as a result of declines amongst fashion retailers. Both lifestyle and homewares experienced growth in remote sales with homewares seeing particularly strong growth as consumers shopped around for ways to brighten the home.

Clothing, Footwear & Accessories

  • Burberry have launched a ‘womeswear February 2016’ collection at their Regent Street flagship store after showcasing it in London Fashion Week. (Source: Retail Bulletin)

Burberry have launched a ‘womeswear February 2016’ collection at their Regent Street flagship store

  • Moss Bros have appointed Tony Bennett as their new Group Finance Director, with effect from 15 August 2016. The retailer has also appointed Paula Minowa as its new Chief Operating Officer, with effect from 01 March 2016. (Source: Company Press Release)
  • Skechers have announced plans to open a new 2,070 sq. ft. store at Friars Walk by March 2016. (Source: Retail Bulletin)

Skechers have announced plans to open a new 2,070 sq. ft. store at Friars Walk by March 2016

  • TK Maxx have opened their new 26,000 sq. ft. store at The Mall in Walthamstow. The retailer has also opened a 27,000 sq. ft. store at Buttermarket shopping centre in Ipswich. (Source: Retail Gazette)

Electrical & Entertainment

  • Amazon have announced plans to open a one million sq. ft. fulfilment centre in Leicestershire by Autumn 2016. (Source: Retail Bulletin)

Food & Drink

  • Asda have launched their ‘On your marks’ scheme that provides the opportunity for their staff to study for an honours degree in retail management. (Source: The Telegraph)
  • Online retailer Amazon is set to enter the British fresh food market after striking a supply deal with supermarket Morrisons. Britain’s fourth biggest supermarket, said today that the deal would allow Amazon Prime Now and Amazon Pantry customers access to Morrisons ambient, fresh and frozen products in the coming months. (Source: Reuters)
  • Bearfaced Groceries have launched their online grocery services across the UK, after successful pilot in the North West. (Source: Retail Times)
  • PepsiCo has launched a global TV ad for its Pepsi brand as it completes its first year of a major European soccer sponsorship deal. Pepsi Max has recruited some of the top footballers in the English Premier League and La Liga for a global campaign that will see it place emojis onto its packaging in an effort to win over younger drinkers. (Source: Just Drinks)

PepsiCo has launched a global TV ad for its Pepsi brand

  • Hubbub.co.uk have appointed Nicole Vanderbilt as their new Non-Executive Director with immediate effect. (Source: Retail Bulletin)
  • Lidl have announced plans to donate half of the proceeds received from the sale of carrier bags towards the ‘Keep Britain Tidy’ campaign. (Source: The Independent)
  • Sainsbury’s have launched a ‘waste less, save more’ initiative with food waste reduction start-up, Olio, as a part of their five-year programme to tackle food wastage. (Source: Retail Week)
  • Sysco have announced plans to acquire Brakes Group from Bain Capital Private Equity. (Source: Financial Times)

Latest figures from the IMRG have revealed that the percentage of UK online retail sales made through mobile devices exceeded 50% for the first time in Q4 2015/16 (November to January). Smartphones and tablets accounted for 51% of UK online retail sales in Q4 2015/16, an increase on the 45% recorded in Q3 2015 and up from 40% recorded in Q4 2014/15. Visits to retail websites via mobile devices accounted for 66% of traffic in Q4 2015/16, up from 63% in Q3 2015 and 53% in Q4 2014/15. The leap in mobile penetration is driven by increased confidence in using smartphones for online shopping. Sales growth through mobile devices rose sharply in 2015, while growth through tablets reached a record low in December 2015. While tablets and smartphones contributed 51% of overall online traffic in Q4 2015/16, desktop/laptop accounted for remaining 49%.

Household

  • Findel have appointed Gregor Ball as their new Independent Non-Executive Director with immediate effect. (Source: Company Press Release)
  • The Hut Group have acquired Grow Gorgeous from the Deceim beauty house in Canada. (Source: Sky News)
  • JD Sports have announced plans to open 26,000 sq. ft. JD Gym store at the Rochdale Exchange shopping centre, by April 2016. (Source: Retail Bulletin)
  • Morrisons have announced investment plans for the makeover of their staff rest areas and facilities. The retailer has also revamped their regional management team with 15 new appointments. (Source: The Guardian)
  • Ribble Cycles have appointed Jon Owen as their new Chief Executive Officer. The retailer has also appointed Matthew Lawson as their new Chief Digital Officer. (Source: Retail Gazette)

Ribble Cycles have appointed Jon Owen as their new Chief Executive Officer

  • Sostrene Grene have announced plans to open their first UK store at Intu Victoria Centre in Nottingham, as a part of their plan to open over 150 stores across the UK in next five to seven years. (Source: Retail Times)

Courtesy of ‘Barclays

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