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#retailtrends #retailnews #Retail & #Brand trends for w/e 6th May 2016 #marketingweek #eventmagazine

May 9, 2016

Company Results

  • John Lewis has reported a 9.9% increase in sales for the week to 30 April 2016. Fashion, Home and Electricals & Home Technology sales increased by 8.9%, 9.4% and 13.0%, respectively.
  • Waitrose have reported a 1.4% increase in sales (excluding petrol) for the week to 30 April 2016.
  • Morrisons have reported a 1.8% decrease in total sales (excluding fuel) for the 13 weeks to 01 May 2016. Like-for-like sales (excluding fuel) increased by 0.7% for the same period.
  • Sainsbury’s have reported a 1.1% decrease in group sales (including VAT) to £25.8bn for the 52 weeks to 12 March 2016. Like-for-like sales (including VAT, excluding fuel) decreased by 0.9% while retail sales (including VAT, excluding fuel) increased by 0.4% for the same period. Underlying profit before tax stood at £587m.

As the weather improves, outdoor and sporting goods retailers have begun to see a boost in their sales, however gift and stationery retailers have seen a downshift in LFL sales leading to a slightly negative LFL figure of -0.54%.

The return of spring sunshine has helped fashion retailers as well with sportswear and gym retailers experiencing an early May surge in sales. However, the fortunes of the more traditional fashion retailers have continued to decline leading to a negative LFL figure of -6.30%.

Homewares continues to fare well in comparison to other high street categories as LFL sales grew by +0.40% compared to this time last year. Again accessories and online experienced positive year-on-year movement.

The concerns of the high street have started to edge into the online space as the category again falls beneath the usual +20% LFL sales threshold for the third week in a row with LFL figures of +16.18. While all categories (fashion, lifestyle and homewares) have performed well, growth has not been as buoyant as it was in the beginning of the year.

Clothing, Footwear & Accessories

  • Agent Provocateur have appointed Fabrizio Malverdi as their new Chief Executive Officer, with immediate effect. (Source: Financial Times)

Agent Provocateur have appointed Fabrizio Malverdi as their new Chief Executive Officer, with immediate effect..jpg

  • Joules have announced plans to float on the AIM market of the London Stock Exchange by Q2 2016. (Source: Financial Times)
  • Kering have appointed Emmanuel Gintzburger as new Chief Executive Officer for their Alexander McQueen brand. (Source: Company Press Release)
  • Kiehl’s have announced plans to open a 1,000 sq. ft. store at the Centre:mk shopping centre in Milton Keynes. (Source: Retail Times)
  • VeryExclusive.co.uk have announced plans to add a premium menswear range to their product offerings by Autumn/Winter 2016. (Source: Retail Gazette)

Electrical & Entertainment

  • GAME Digital have announced plans to take full control of the augmented reality software business, Ads Reality, having acquired minority stake of the company in 2015. (Source: Reuters)
  • Sainsbury’s have built a series of power plants for their supermarkets due to fears over looming energy crunch. (Source: The Telegraph)
  • WH Smith have opened their first airport store in the Fiji Islands at Nadi Airport. (Source: Company Press Release)

The latest figures from Kantar Worldpanel, for the 12 weeks to 24 April 2016 showed a 0.1% year-on-year increase in the overall grocery market sales. This is a slowdown from the 1.1% reported in March 2016, which was boosted by early Easter. The overall market volume growth of 1.0% is in line with UK’s increased population. Consumers are enjoying a golden period of cheaper groceries with like-for-like prices falling every month since September 2014. Nearly two years of falling prices mean the average household is spending £78.1 a week in the supermarket, saving more than £400 than if prices had risen at the same rate as the last decade.

Food & Drink

  • Amazon have announced plans to launch their Amazon Fresh delivery service across the UK by June 2016. (Source: The Guardian)
  • Conviviality, the owner of ‘Bargain Booze’ and ‘Wine Rack’ brands, has agreed to acquire Bibendum, the wine, spirit and beer distributor and wholesaler. (Source: Company Press Release)
  • Heineken has released a new campaign for its Kronenbourg 1664 brand in the UK, as it continues its relationship with former football star Eric Cantona. (Source: Just Drinks)

Heineken has released a new campaign for its Kronenbourg 1664 brand in the UK, as it continues its relationship with former football star Eric Cantona..jpg

  • The Co-operative Group have announced plans to sell 36 stores and 50 non-core properties, as a part of their strategy to reduce debt and strengthen grocery business. (Source: The Independent)
  • Sainsbury’s have announced plans to double the number of their groceries click-and-collect sites in their store car parks over the next 12 months. (Source: Retail Gazette)
  • Molson Coors’s UK lager brand Carling is to replace Carlsberg as the official beer sponsor of the Premier League. (Source: Just Drinks)

Carling is to replace Carlsberg as the official beer sponsor of the Premier League.jpg

Household

  • Mothercare have launched an early payment initiative which enables their suppliers to request early payment in exchange for offering a discount on the goods. (Source: Retail Bulletin)
  • Pets at Home have acquired two veterinary referrals, Dick White Referral and Eye-Vet Referral, as a part of their growth strategy. (Source: Company Press Release)

Courtesy of ‘Barclays

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