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#retailtrends #retailnews #Retail & #Brand trends for w/e 11th March 2016 #marketingweek #eventmagazine

March 14, 2016

Company Results

  • Argos have reported flat sales at £4.0bn for the 52 weeks to 27 February 2016. Like-for-like sales decreased by 2.6% for the same period.
  • Dreams’ have reported a 16.2% increase in total sales to £234.2m for the 12 months to 23 December 2015. Like-for-like sales increased by 19.4% while pre-tax profit stood at £13.1m for the same period. (Source: Retail Week)
  • Gin sales have jumped 20% in the UK’s bars and restaurants, figures for the most recent 12-month period have shown.

Gin sales have jumped 20% in the UK's bars and restaurants, figures for the most recent 12-month period have shown

  • Gear4music have reported a 46% increase in total sales to £35.5m for the 12 months to 29 February 2016. UK sales increased by 39% to £26.0m while like-for-like sales increased by 46% for the same period.
  • Homebase have reported a 3.1% decrease in sales to £1.4bn for the 52 weeks to 27 February 2016, while like-for-like sales increased by 5.2% for the same period.
  • The John Lewis Partnership have reported a 2.5% increase in gross sales to £11.0bn for the 52 weeks to 30 January 2016.
  • Waitrose have reported a 1.1% increase in gross sales to £6.5bn while John Lewis have reported a 4.4% increase in gross sales to £4.5bn for the same period. Partnership’s profit before tax and exceptional items decreased by 9.3% to £305.5m.
  • John Lewis have also reported a 7.7% increase in sales for the week to 05 March 2016. Fashion, Home and Electricals & Home Technology sales increased by 9.8%, 11.7% and 2.3%, respectively. Waitrose have reported a 10.3% increase in sales (excluding petrol) for the same period.
  • Morrisons have reported a 4.1% decrease in total turnover to £16.1bn for the year to 31 January 2016. Like-for-like sales (excluding fuel & VAT) decreased by 2.0%, while profit before tax stood at £217m for the same period.
  • Pentagon have reported a 10.0% increase in turnover to £484m for the year 2015. Profit before tax increased by 4.0% to £4.2m for the same period. (Source: AM Online)

The early Mother’s Day as well as focused sales on particular lines drove a tremendous year-on-year boost in LFL sales of +13.54%. Gift retailers, particularly in perfume, jewellery and home accessories, saw significant growth as consumers flocked to stores to capitalise on Mother’s Day promotions.

Soft launches of spring lines and targeted sales boosted fashion LFL sales (+2.68%) with the figure strongly moving out of negative for the first time since mid-January when stock clearance and widespread discounting fuelled growth. Although footfall on the High Street remains down year-on-year, particularly in the East of England, London and South East, the introduction of spring fashion combined with moderate discounting drove significant growth in accessories with modest results in footwear and clothing.

Homewares LFL sales continued positive year-on-year growth this week (+4.40%) as retailers reported strong growth. While there is some on-going discounting, continued growth in retail park footfall combined with the introduction of spring DIY/decorating marketing campaigns has had a beneficial impact on sales.

Non-store like-for-like sales almost reached the 30% LFL figure with LFL sales of +29.7% as the early Mother’s Day and moderate discounting in fashion helped drive growth among high street fashion retailers, particularly in the higher end and designer range peer group. Unsurprisingly, gift retailers saw a significant and welcome boost driven by Mother’s Day. Outdoor and sports retailers also saw growth as stable weather provided a boost.

Clothing, Footwear & Accessories

  • Fofolles World have announced plans to open a 1,178 sq. ft. pop-up store on London’s King Road. (Source: Retail Bulletin)

Fofolles World have announced plans to open a 1,178 sq. ft. pop-up store on London’s King Road

  • GHM! have announced plans to open their first UK store at Crescent Hinckley shopping Centre by 30 May 2016. (Source: Drapers)
  • Harrods have announced that Michael Ward has stepped down as Managing Director. (Source: Drapers)
  • Hush have launched pyjama print design competition in partnership with Emerald Street to look out for up and coming fashion designers. (Source: Company Press Release)
  • Judy Wu have announced plans to open their first UK boutique in form of a pop-up store in the Connaught Village retail and restaurant district on 14 March 2016. (Source: Company Press Release)

Judy Wu have announced plans to open their first UK boutique in form of a pop-up store.jpg

  • Karen Millen have appointed Robin Terrell as their new Non-Executive Director. (Source: Retail Gazette)
  • Minkie have launched their online retail website to sell their range of limited edition vintage-inspired dresses and tops. (Source: Retail Bulletin)
  • Mint Velvet have announced plans to open a new store in market town of Stratford-upon-Avon. (Source: Insider Media)
  • Mountain Warehouse have announced plans to launch new outdoor clothing range for children with TV explorer Steve Backshall by Easter holiday 2016. (Source: The Telegraph)
  • Mulberry have appointed Neil James Ritchie as their new Group Finance Director, with effect from 16 May 2016. (Source: Company Press Release)

Electrical & Entertainment

  • Amazon have announced plans to open a new warehouse in Wythenshawe in Manchester by Autumn 2016. (Source: Financial Times)
  • The Entertainer have announced plans to open two new stores in Dundee and Dunfermline, Scotland, by end of March 2016. (Source: Company Press Release)

Food & Drink

  • Hotel Chocolat have announced plans to float on London’s Alternative Investment Market (AIM) in Q2 2016. (Source: The Guardian)
  • The London Beer Factory is to be the first UK brewer to use a new can format that allows consumers to completely remove the lid.

The London Beer Factory is to be the first UK brewer to use a new can format that allows consumers to completely remove the lid.

  • M&S have announced plans to open a 10,000 sq. ft. food halls in Greater Manchester by the end of March 2016. (Verdict)
  • Tesco have appointed Tracey Clements as their new Managing Director for their Convenience business. (Source: Retail Week)
  • The value of US Champagne exports have topped the UK’s for the first time in 16 years as American consumers continue to reach for prestige cuvees.

The value of US Champagne exports have topped the UK's for the first time in 16 years as American consumers continue to reach for prestige cuvees..jpg

  • Waitrose have employed Ecrebo’s marketing platform to send targeted offers and messages to their customers, based on previous purchases. (Source: Retail Times)

The BRC-KPMG Online Retail Sales Monitor, February 2016, has revealed that online sales of non-food products in the UK grew by 10.7% in February 2016, compared to 8.3% growth in February 2015. This is the slowest growth since October and below the three-month and 12-month averages of 13.7% and 12.9% respectively. In February 2016, online sales represented 20.4% of total non-food sales, against 18.9% in February 2015. The three-month penetration rate has now been established above 20% for the third month in a row. However, furniture showed a lower penetration rate compared to February 2015. Excluding online sales, only three categories would have shown growth in February, i.e. furniture, home accessories and health & beauty. In February, online sales contributed 2.1 percentage points to the year-on-year growth of total non-food sales. On a three monthly basis, online contributed 84% of non-food sales growth.

Household

  • Aldi have announced plans to add non-food category goods such as electrical foods and garden tools to their online product range available for home delivery in the UK. (Source: Reuters)
  • Halfords have announced plans to launch new range of children’s bicycles in collaboration with Bradley Wiggins. (Source: Verdict)
  • Ikea UK have launched a personalised video for their loyalty card holders in the UK to boost brand engagement. (Source: Retail Week)
  • Wyevale Garden Centre have appointed Roger Mclaughlan as their new Chief Executive Officer, with effect from 14 March 2016. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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