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#retailtrends #retailnews #Retail & #Brand trends for w/e 8th April 2016 #marketingweek #eventmagazine

April 11, 2016

Company Results

  • Bonmarche have reported a 5.2% increase in sales for the 13 weeks to 26 March 2016. Online sales increased by 1.9% while store only like-for-like sales increased by 0.4% for the same period.
  • Card Factory have reported an 8.0% increase in revenue to £381.6m for the 12 months to 31 January 2016. Like-for-like sales increased by 2.8% while profit before tax stood at £83.7m for the same period.
  • The Co-operative Group reported flat sales at £9.3bn for the 52 weeks to 02 January 2016. Profit before tax stood at £23m for the same period.
  • Dunelm have reported a 5.9% increase in total sales to £229.0m for the 13 weeks to 02 April 2016. Like-for-like sales increased by 1.1% to £204.9m for the same period.
  • John Lewis have reported a 2.3% decrease in sales for the week to 02 April 2016. Fashion and Home sales decreased by 7.6% and 6.6% respectively, while Electricals & Home Technology sales increased by 8.3% for the same period.
  • M&S have reported a 1.9% increase in group sales for the 13 weeks to 26 March 2016. Total UK sales increased by 1.6%, while UK like-for-like sales decreased by 1.1% for the same period. Online sales increased by 8.2%.

M&S have reported a 1.9% increase in group sales for the 13 weeks to 26 March 2016.

  • Moss Bros have reported an 8.2% increase in group like-for-like sales to £119m for the 52 weeks to 30 January 2016. Like-for-like retail sales increased by 7.6% while e-commerce sales increased by 36.3% for the same period. Pre-tax profit stood at £5.9m.
  • Topps Tiles have reported a 3.8% increase in total revenue to £108m for the 26 weeks to 02 April 2016. Like-for-like sales increased by 4.7% for the same period.
  • Waitrose have reported a 24.1% decrease in sales (excluding petrol) for the week to 02 April 2016.

Following a month of largely positive results, lifestyle started the month with a thud as LFL sales sharply deteriorated with figures falling to -10.21%. Gift and sports retailers led the decline as LFL sales fell despite the Easter holiday weekend and improved weather and footfall.

The poor performance of fashion retailers continued with LFL figures down to -9.59% despite a bank holiday boost to footfall in retail parks and shopping centres. Across the peer group, retailers overwhelmingly reported a tapering off in sales. Speciality, designer and bespoke retailers saw significant declines which were only moderately offset by marginal growth in fashion.

Homewares saw the only positive performance of the week (not including online) as decorating and accessories retailers drove a surge in growth to +7.70%. Improved footfall in retail parks as well as strong online sales (+50%) meant consumers were using all avenues for browsing and purchasing.

Non-store LFL sales returned to its comfort zone with figures up +18.55% driven by positive movement in all categories. Homewares, in particular, saw a welcome boost as consumers embraced the lure of seasonal DIY and spring home improvement campaigns while boosts in fashion and lifestyle were at odds with in-store results.

Clothing, Footwear & Accessories

  • ASOS have announced plans to discontinue local operations in China, although the retailer will continue to serve customers via their online portal. (Source: The Guardian)

ASOS have announced plans to discontinue local operations in China.jpg

  • Jacques Vert have appointed Shaun Wills as their new Chief Executive Officer, with immediate effect. (Source: Drapers)
  • N Brown have pledged to pay living wage to all workers, regardless of age, with effect from 01 April 2016. (Source: Drapers)
  • White Stuff have announced plan to open a 2,653 sq. ft. store in The Mall at Cribbs Causeway, Bristol. (Source: Retail Bulletin)

Electrical & Entertainment

  • Bang & Olufsen have opened new stores in Wilmslow, Sevenoaks, Canterbury, Bath and Truro, as a part of their UK expansion strategy. (Source: Retail Bulletin)

Bang & Olufsen have opened new stores in Wilmslow, Sevenoaks, Canterbury, Bath and Truro.jpg

  • John Lewis have opened a smart home technology experience at their Oxford Street Store, boasting of futuristic gadgets for every part of the home. (Source: Company Press Release)
  • WH Smith have announced plans to modernise their shop fronts by launching digital displays in 100 of their UK branches. (Source: Retail Week)

Food & Drink

  • Aldi have announced plans to open 83 new stores across the UK in 2016 and between 60 to 80 stores in 2017, with the aim of 1,000 shops in the UK by 2020. The retailer has also opened its largest distribution centre in the UK, in Bolton. (Source: Verdict)
  • Sainsbury’s have announced plans to discontinue their ‘Brand Match’ scheme as the retailer focuses on investing in lower prices on everyday items. (Source: BBC News)
  • UK cider maker Westons has launched a new range of cloudy ciders under its Rosie’s Pig brand, into the UK on-trade (Just Drinks).
  • Pernod Ricard has repackaged its Havana Club 7 brand in an effort to closer align the rum with its Cuban roots.

Pernod Ricard has repackaged its Havana Club 7 brand in an effort to closer align the rum with its Cuban roots.

Household

  • Mamas & Papas have opened their new concept store at the Westfield London shopping centre. (Source: Retail Gazette)
  • Norcros have acquired Barnsley-based home improvements retailer Adobe Home Products. (Source: Financial Times)
  • Pets Corner have acquired PamPurredPets, increasing their total number of stores to 161. (Source: Retail Gazette)
  • Poundland have rolled out contactless payment and Apple Pay in all of their UK and Irish stores. (Source: Retail Bulletin)
  • Waitrose have launched a new ‘Garden Power’ campaign, equipping customers with tips, advice and recommendations to help protect birds, butterflies and other garden species. (Source: Company Press Release)

Courtesy of ‘Barclays

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