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#retailtrends #retailnews #Retail & #Brand trends for w/e 1st April 2016 #marketingweek #eventmagazine

April 4, 2016

Company Results

  • DFS have reported a 7.0% increase in group gross sales to £461.3m for the 26 weeks to 30 January 2016. Profit before tax stood at £16.2m for the same period.
  • Foyles have reported a 4.3% increase in turnover to £24.4m for the 12 months to 30 June 2015. (Source: Retail Bulletin)
  • John Lewis have reported a 10.4% increase in sales for the week to 26 March 2016. Fashion, Home and Electricals & Home Technology sales increased by 4.9%, 8.5% and 19.1%, respectively.
  • Laura Ashley have reported a 4.6% increase in group sales to £289.5m for the 52 weeks to 30 January 2016. Like-for-like retail sales increased by 4.8% while pre-tax profits stood at £20.7m for the same period. (Source: Retail Bulletin)
  • Next have reported a 3.0% increase in total sales to £4.1bn for the 12 months to January 2016. Next Retail sales increased by 1.1% to £2.4bn while Next Directory sales increased by 7.7% to £1.7bn for the same period. Pre-tax profit stood at £821.3m.

Next have reported a 3.0% increase in total sales to £4.1bn for the 12 months to January 2016. Next Retail sales increased by 1.1%

  • Waitrose have reported a 20.7% increase in sales (excluding petrol) for the week to 26 March 2016.

Continuing the on-going trend of overall positive LFL figures, lifestyle retailers had another upbeat week with LFL up +4.7%. Outdoor retailers experienced a significant and welcome sales boost as the sporadic weather eased into spring sunshine. Gift and homeware retailers also saw a sales lift ahead of the long Easter weekend.

Fashion looks likely to end the month on a negative note as LFL figures fell to -4.8% as footfall declined significantly on the high street, in retail parks and at shopping centres. Retailers across the board saw a drastic drop in LFL sales with only a handful of retailers reporting positive growth. Niche and sports retailers saw moderate uplift but overall sales were down.

Continued seasonal sales in the homewares, decorating and DIY space led to a second week of positive LFL sales with figures up +5.8%. While online sales suffered, consumers appeared to move into stores to take advantage of seasonal discounting.

Non-store LFL sales have plummeted to +2.1% as moderate gains were overwhelmed by negative sales, particularly in fashion and homewares. However, this minor positive growth was off of a particularly weak base last year demonstrating the continued volatility of the sector during this time of the year.

Clothing, Footwear & Accessories

  • Bonmarche have appointed Helen Connolly as their new Chief Executive Officer, replacing Beth Butterwick. (Source: Company Press Release)
  • Boohoo has launched a standalone menswear website to cater to growing customer demand. (Source: Drapers)
  • BHS has reportedly sold the lease for its Oxford Street flagship to Oxford & City Holdings.
  • Hobbs have announced plans to open concessions in Germany, teaming up with department stores Wohrl and Sinnleffers. (Source: Drapers)
  • McEwens of Perth, a department store, have gone into administration with the loss of 110 jobs. (Source: BBC News)
  • Paloma have opened their first store in Wales at Cardiff’s St David’s shopping centre. (Source: Drapers)
  • Santoro have opened their first standalone store in the UK at Milsom Street in Bath. (Source: Retail Bulletin)
  • Uniqlo have announced plans to team up with Liberty London to produce a Spring collection of womenswear, menswear and childrenswear. (Source: Company Press Release)

Uniqlo have announced plans to team up with Liberty London to produce a Spring collection of womenswear, menswear and childrenswear

  • Whistles’ online retail business and 46 stores have been acquired by South African Firm, The Foschini Group. (Source: Verdict)

Electrical & Entertainment

  • John Lewis have announced plans to open a new IT and digital Tech Hub in Birmingham by September 2016. (Source: Company Press Release)

According to the study by British Council of Shopping Centres, over the Easter weekend footfall was down 1.3% year-on-year in UK shopping centres and down 3.5% in retail parks. The study found that shopping centre footfall fell on Good Friday, Easter Saturday and Easter Sunday but edged up 0.3% year-on-year on Easter Monday. Meanwhile, retail park footfall was down on Good Friday and Easter Monday but rose by 0.3% on Easter Saturday and by 2.4% on Easter Sunday. As per the study the varied weather and Storm Katie disrupted the shopper activity and put a dampener on the long weekend.

Food & Drink

  • Aldi have announced plans to open eight new stores in Scotland in 2016, creating over 300 jobs. (Source: BBC News)
  • Heineken has lined up a cricket sponsorship deal in the UK for its Foster’s brand, with the beer acquiring ‘official lager’ status with the England & Wales Cricket Board. (Source: Just Drinks)
  • Holland & Barrett have announced plans to open their new store at Gateway House in Birmingham City in April 2016. (Source: Verdict)
  • Halewood International has launched a new range of spirits in the UK as it looks to appeal to younger drinkers. (Source: Just Drinks)

Halewood International has launched a new range of spirits in the UK as it looks to appeal to younger drinkers

  • Tesco have announced plans to close down 12 standalone stores and 11 concessions of their Nutricentre health and wellbeing business. (Source: Retail Week)
  • Waitrose have announced plans to open their first cashless store in Sky Central in Osterley by Summer 2016. (Source: Company Press Release)
  • Tesco is reportedly considering a sale of its loss-making restaurant chain Giraffe, in a bid to generate funds to turnaround its ailing core business.

Household

  • Baytree Interiors have announced plans to open a new store at Flemingate retail and leisure development. (Source: Retail Week)
  • DFS have been named as Team Great Britain’s official homewares partner for the 2016 Olympics. (Source: The Times)
  • Hillarys have announced plans to extend their ‘in-home service’ range by adding floorcoverings to the category. (Source: Retail Bulletin)
  • Ikea UK have announced plans to increase their minimum wage to meet the Living Wage Foundation’s Target. The retailer has also announced plans to open a new 37,000 sq. ft. store in Sheffield by July 2017. (Source: Company Press Release)

FL IKEA

  • JD Sports have acquired two Dutch shopping chains, Aktiesport and Perry Sport. (Source: Retail Week)
  • McColl’s have appointed Jonathan Miller as their new Chief Executive Officer. (Source: Company Press Release)
  • Steamer Trading have acquired Divertimenti. The acquisition includes the flagship Divertimenti store in London’s Knightsbridge, the Divertimenti Cookery School, the brand’s online business and its distribution hub in Worcester. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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