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#retailtrends #retailnews #Retail & #Brand trends for w/e 15th April 2016 #marketingweek #eventmagazine

April 18, 2016

Company Results

  • ASOS have reported a 21% increase in group sales to £667.3m for the six months to 29 February 2016. Total retail sales increased by 21% to £648.6m while UK retail sales increased by 25% to £289.5m for the same period. Profit before tax stood at £21.2m.
  • Burberry have reported a 1% decrease in total revenue to £1.4bn for the six months to 31 March 2016. Retail revenue remained flat at £1.1bn while comparable sales decreased by 2% for the same period. Wholesale revenue stood at £330m for the same period.

Burberry have reported a 1% decrease in total revenue to £1.4bn for the six months to 31 March 2016

  • CarShop have reported a 7.2% increase in turnover to £209m for the year to December 2015. Pre-tax profits stood at £5m for the same period. (Source: AM Online)
  • Debenhams have reported a 1.6% increase in gross transaction value to £1.6bn for the 26 weeks to 27 February 2016. Group like-for-like sales increased by 1.1% and UK sales increased by 2.9% to £1.3bn for the same period. Group pre-tax profit stood at £93.3m.
  • Halfords have reported a 3.2% increase in group revenue for the 11 weeks to 01 April 2016. Group like-for-like sales increased by 2.6% for the same period.
  • House of Fraser have reported a 4.2% increase in gross transaction value to £1.3bn for the 52 weeks to 30 January 2016. Online sales increased by 26.8% while pre-tax profit stood at £1.3m for the same period.

House of Fraser have reported a 4.2% increase in gross transaction value to £1.3bn.jpg

  • JD Sports have reported a 20% increase in sales to £1.8bn for the 52 weeks to 30 January 2016. Like-for-like store sales increased by 11.6% while pre-tax profit stood at £131.6m for the same period.
  • John Lewis have reported a 15.1% increase in sales for the week to 09 April 2016. Fashion, Home and Electricals & Home Technology sales increased by 11.4%, 21.7% and 12.7%, respectively.
  • Mothercare have reported a 1.4% increase in total group sales for the 11 weeks to 26 March 2016. Total UK sales increased by 0.8% while UK online sales increased by 5.6% for the same period. UK like-for-like sales increased by 2.1%.
  • Poundland have reported a 17.9% increase in sales (excluding Spain) to £1.3bn for the 12 months to 27 March 2016. Like-for-like sales decreased by 3.9% for the same period.
  • ScS Sofas have reported a 10.2% increase in gross sales to £145.4m for the 26 weeks to 23 January 2016. Online sales increased by 17.3% to £4.3m for the same period.
  • Tesco have reported a 1.6% decrease in total group sales (excluding VAT & fuel) to £48.4bn for the 52 weeks to 27 February 2016 while UK sales decreased by 0.9% to £37.2bn. UK like-for-like sales (excluding VAT & fuel) decreased by 0.7% for the same period. Profit before tax stood at £162m.
  • Timpson have reported an 8% increase in sales to £130m for the 12 months to September 2015. Pre-tax profit stood at £6.2m for the same period. (Source: Verdict)
  • Waitrose have reported a 10.9% increase in sales (excluding petrol) for the week to 09 April 2016.
  • WH Smith have reported an 11% increase in group pre-tax profit to £80m for the six months to 29 February 2016. Total group sales increased by 4% while group like-for-like sales increased by 2% for the same period. High street total sales declined by 1%.

Lifestyle retailers entered the month with a bang as LFL figures recovered (+7.32%) after last week’s disappointing result. Outdoor and sports retailers experienced an improvement in sales while gift retailers also saw growth due to post-Easter discounting.

Mid-season sales provided the uplift fashion retailers needed at the start of April. While LFL figures remained negative (-3.24%), many retailers saw significant year-on-year growth as a result of sharp seasonal discounting. Higher end and designer retailers led the positive trend as consumers capitalised on sales to add to their wardrobes.

Homewares had a stunning result with LFL sales up +42.80% due to positive results across the entire peer group despite flat year-on-year growth in shopping centre footfall and a decline on the high street and in retail parks. A moderate positive boost in online LFL sales in homewares showed that consumers were venturing to stores despite the end of the long holiday break.

Non-store LFL sales moved back into the 20% territory with figures up +21.12% due to continued positive growth in all categories. Homewares had a strong week online last week, however figures have fallen week-on-week. Meanwhile figures for both lifestyle and fashion remained resolutely positive for the second week in a row.

Clothing, Footwear & Accessories

  • New Look have announced plans to open a new 11,100 sq. ft. store in Ayr Central shopping centre in Scotland. (Source: Retail Bulletin)
  • Sports Direct have announced plans to open their new 20,000 sq. ft. Flannels flagship store at Oxford Street, London. (Source: Financial Times)
  • Warburg Pincus have acquired the majority stake in Reiss, the fashion retail store chain. (Source: BBC News)

Warburg Pincus have acquired the majority stake in Reiss, the fashion retail store chain.

Electrical & Entertainment

  • Amazon have announced plans to use Barclays’ branches in London as a collection point for deliveries. (Source: Verdict)
  • WH Smith have announced plans to open their first store in Germany at Dusseldorf Airport by October 2016. (Source: The Guardian)

Food & Drink

  • The Co-operative have announced plans to close 300 non-convenience stores, as a part of their strategy to revive the business. (Source: Sky News)
  • Iceland have announced plans to open 25 food warehouse concept shops in out-of-town retail parks in 2016. (Source: Retail Week)
  • Diageo has launched three new flavours under its Pimm’s Cider Cup brand.

Diageo has launched three new flavours under its Pimm's Cider Cup brand.jpg

  • Tesco have announced plans to sell their partial stake in Lazada, Southeast Asian e-commerce gateway, to Alibaba. The retailer has also announced plans to allow customers to use Sainsbury’s ‘Brand match’ coupons to get money off on shopping. (Source: The Guardian)
  • Tesco have also announced plans to give one-off ‘turnaround bonus’ to every staff member in May 2016. (Source: Retail Gazette)
  • Waitrose have announced plans to launch their new advertising campaign featuring live footage from the retailers’ farm. (Source: Company Press Release)

The BRC-KPMG Online Retail Sales Monitor, March 2016, has revealed that online sales of non-food products in the UK grew by 9.5% in March 2016, compared to March 2015. Out of £5, over £1 was spent online on non-food, the third highest proportion on record. This was coupled with an overall decline in non-food store sales, although the furniture, home accessories and health and beauty categories showed growth in stores for March 2016. Across the three-month period from January-March, non-food store sales increased by 0.9%. In March 2016, online sales contributed 2.2 percentage points to the year-on-year growth of total non-food sales.

Household

  • The Range, British home, garden and leisure retailer, have announced plans to expand in Germany by opening 30 new stores by Christmas 2016. (Source: The Telegraph)
  • Ribble Cycles have launched a new version of their website featuring a ‘Bike Builder’ tool, enabling customers to fully personalise their carbon road bike. (Source: Retail Bulletin)
  • Smiggle stationers have announced plans to open over 150 new stores across the UK by 2019. (Source: The Times)

Courtesy of ‘Barclays

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