- Boohoo.com have reported a 40% increase in revenue to £195.4m for the 12 months to 29 February 2016. Profit before tax stood at £15.6m for the same period.
- Carpetright have reported a 0.7% increase in their UK like-for-like sales for the 12 weeks to 23 April 2016.
- Home Retail Group have reported a 1% decrease in sales to £5.6bn for the 52 weeks to 27 February 2016. Benchmark pre-tax profit stood at £94.7m for the same period.
- John Lewis have reported a 0.8% increase in sales for the week to 23 April 2016. Home and Electricals & Home sales increased by 6.3% and 9.0% respectively, while Fashion sales decreased by 10.0% for the same period.
- Pendragon PLC have reported an 8.7% increase in underlying profit before tax for three months to 31 March 2016. Like-for-like new car gross profit increased by 15.2% while like-for-like used car gross profit increased by 4.2% for the same period.
- Waitrose have reported a 1.9% increase in sales (excluding petrol) for the week to 23 April 2016.
Lifestyle retailers have ended the month as it did at the beginning with negative LFL sales (-2.01%) after a mid-month boost provided by seasonal discounting. Outdoor, appliances and gift retailers saw sales plummet which dragged down any marginal positive results amongst other retailers.
Fashion retailers continue to bear the brunt of the decline in sales on the high street with LFL figures down -11.71%. High street footfall plummeted throughout the country with sharp declines in the East of England, the Southeast and the West Midlands. LFL sales fell significantly across nearly the entire peer group with only marginal positive movement. Clothing and footwear performed particularly poorly while accessories was the only sub-sector to see positive LFL (+1.66%).
Homewares ended the month with yet another positive result (+12.60%) making it six weeks of positive LFL growth and demonstrating the strength of the sectors seasonal sales push. Homewares accessories and online had significant year-on-year growth.
For yet another week, online sales have been below the usual +20% LFL threshold with the group showing positive but only moderate results (+12.83%). Online fashion sales have been a particular drag on the group despite growth (+11.22%).
Clothing, Footwear & Accessories
- Austin Reed have appointed Alix Partners as their administrator to seek a buyer, as the retailer entered into administration. (Source: Guardian)
- BHS have appointed Duff & Phelps as their administrator to seek a buyer, as the retailer entered into administration. (Source: Financial Times)
- Boutique 1 have announced plans to open a 11,500 sq. ft. store at 131 Sloane Street by Summer 2016. (Source: Retail Bulletin)
- M&S have launched a line of clothing with Kestin Hare, a Scottish fashion designer, to be sold online and in selected UK stores. (Source: The Times)
- Pep & Co have announced plans to open 15 new stores across the UK by October 2016. (Source: Retail Week)
Electrical & Entertainment
- Amazon have appointed Doug Gurr as their new Country Head for the UK, with effect from May 2016. (Source: Drapers)
- Jessops have announced plans to open 15 new stores in Northwest England and Scotland by 2018. (Source: Retail Week)
According to British Retail Consortium and Google, total retail search volumes grew by 52% in Q1 2016 as compared to Q1 2015. Search volumes on mobile devices increased by 50% for the same time period. Beauty was the most searched sector by European Union (EU) consumers on mobile devices, reporting growth of 91% in Q1 2016. Department stores were also a popular sector for EU consumers on mobile devices, increasing by 75% in Q1 2016. The Czech Republic demonstrated the strongest appetite for UK retailers, reporting a 256% increase on mobile devices in Q1 2016.
Food & Drink
- Asda have announced plans to launch TV, digital and in-store campaigns with TV chef James Martin, as a part of their project renewal blueprint. The retailer has also pledged to increase the amount of British fresh Pork available in its stores from July 2016. (Source: Company Press Release)
- Asda have also launched Quiet Hour in their stores to help people with autism to shop in comfort. (Source: The Independent)
- Molson Coors has launched a range of Rekorderlig cocktails, the cider brand’s first new products since the global brewer acquired its UK and Ireland rights. (Just Drinks)
- Hotel Chocolat have announced plans for floatation on Londons AIM market in May 2016. The retailer has also announced plans to open a store in Sheffield City Centre by early May 2016. (Source: The Telegraph)
- Tesco have announced plans to install defibrillators in over 900 of their stores to provide lifesaving support to customers and staff across the UK. The retailer has also announced plans to scrap its Clubcard Boost scheme in order to target everyday low prices. (Source: Retail Gazette)
- Heineken has unveiled a UK marketing campaign for John Smith’s Golden Ale alongside football commentator and former Wales captain Robbie Savage. (Source: Just Drinks)
- Ikea UK have announced plans to sell solar panels in all their UK stores by end of Summer 2016. (Source: The Independent)
- Ikea have announced plans to open their first store in Aberdeen at Wellington Circle in May 2016. (Source: BBC News)
- Wilko have announced plans to transform their retail website as a part of their strategy to drive revenue by focusing on improving conversion rates and customer experience. (Source: Retail Week)
Courtesy of ‘Barclays‘