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#retailtrends #retailnews #Retail & #Brand trends for w/e 10th June 2016 #marketingweek #eventmagazine

June 13, 2016

Company Results

  • AO.com have reported a 25.7% increase in total revenue to £599.2m for the 12 months to 31 March 2016. UK Online sales increased by 27.7% to £487.1m while total UK revenue increased by 18.6% to £558.5m for the same period.
  • Argos have reported a 2.6% increase in sales to £868.0m for the 13 weeks to 28 May 2016. Like-for-like sales increased by 0.1% for the same period.
  • Bonmarche have reported a 5.3% increase in total revenue to £188.0m for the 52 weeks to 26 March 2016. Store like-for-like sales increased by 0.7% while online sales increased by 3.6% for the same period. Profit before tax stood at £9.6m.
  • Boohoo.com have reported a 41% increase in revenue to £41.3m for the 3 months to 31 May 2016. UK sales increased by 42% to £26.3m for the same period.

Boohoo.com have reported a 41% increase in revenue to £41.3m for the 3 months to 31 May 2016.

  • Matalan have reported a 3.4% decrease in total sales to £1.1bn for the 52 weeks to 27 February 2016. Loss before tax stood at £18.6m for the same period.
  • New Look have reported a 5.4% increase in total group sales to £1.5bn for the 52 weeks to 26 March 2016. Group like for like sales increased by 3.6% while UK like-for-like sales increased by 3.4% for the same period. Profit before tax was reported at £59.1m.
  • Sainsbury’s have reported a 0.3% increase in retail sales (excl. fuel) for the 12 weeks to 04 June 2016. Online sales increased by 8.5% for the same period.
  • Shoe Zone have reported a decrease in revenue to £74.6m for the 06 months to 02 April 2016. Profit before tax stood at £1.9m for the same period.
  • WH Smith have reported a 2.0% increase in total sales for the 14 weeks to 04 June 2016. High street sales decreased by 4.0% while high street like-for-like sales declined by 3.0% for the same period.

Lifestyle moved into positive territory this week, with LFL sales up by a healthy +6.84% on the same week last year. Gift retailers posted strong numbers, while outdoor goods retailers experienced mixed results. Spending on electrical goods saw some positive performances, perhaps as consumers prepare their homes for Euro 2016.

Despite the drop in high street footfall this week, fashion was up by +2.89% year-on-year, ending a run of two negative weeks in a row. Good weather and the bank holiday helped to fuel particularly strong results for footwear, with sales of accessories and clothes also in positive territory.

Homewares LFL sales fell into the negative this week, down by -5.50%, a far cry from the strong performance last week (+20.90%). Despite positive results reported by furniture retailers, soft furnishings saw negative numbers that impacted the overall result.

Non-store LFL sales increased by +21.43% this week, passing the +20% marker. Half term may well have contributed to the boost in online sales, with 68% of respondents reporting positive non-store LFL numbers. Electrical retailers saw positive non-store results. Despite the poor week for bricks and mortar sales, homewares also fared far better online. Fashion saw mixed results online, with 57% of respondents reporting positive non-store sales this week.

Clothing, Footwear & Accessories

  • Kit and Ace, the cashmere clothing retailer, have announced plans to open a 1,700 square feet store at Monmouth Street in London’s Seven Dials district on 14 July 2016. (Source: Retail Bulletin)

Kit and Ace, the cashmere clothing retailer, have announced plans to open a 1,700 square feet store at Monmouth Street in London's Seven Dials district

  • New Look Men have opened their first store in the South East at Bluewater. The 4,300 square foot space is situated on the centre’s upper Thames Walk. (Source: Drapers)
  • Norwegian Rain have announced plans to open their first stand alone international store at 193 Piccadilly, St. James’s, London. (Source: Company Press Release)

Electrical & Entertainment

  • AO.World have announced that their Chairman, Richard Rose, has decided to step down from the role, with effect from July 2016. He will be replaced by Geoff Cooper. (Source: Company Press Release)
  • Dixons Carphone have announced plans to open a single store incorporating their all three brands (Curry, PC World and Carphone Warehouse) at Eastern Avenue in Gloucester on 17 June 2016. (Source: Gloucestercitizen.co.uk )

The BRC-KPMG Online Retail Sales Monitor, May 2016, has revealed that online sales of non-food products in the UK grew by 13.7% in May 2016, compared to May 2015. Retailers witnessed positive growth in all categories with fashion showcasing highest growth throughout May 2016. With negative contribution from stores, online sales took more than their proportionate share of overall non-food growth. The online penetration rate reached the third highest ever recorded, after Black Friday in November 2015 and the January sales in 2016. In particular, sales of toys and baby equipment surged for May 2016 as consumers bid to entertain kids with toys. Fashion sales increased as consumers took advantage of deeper discounts to renew their summer wardrobe.

Food & Drink

  • Asda have announced that their Chief Executive Officer, Andy Clarke, has decided to step down from the role, with effect from October 2016. He will be replaced by Roger Burnley. (Source: Bloomberg)
  • Coconut water brand Vita Coco has launched new marketing activity, including what it claims is the category’s first TV commercial in the UK.

Vita Coco has launched new marketing activity, including what it claims is the category's first TV commercial in the UK. .jpg

  • Marks & Spencer have announced plans to launch a series of initiatives to help educate chefs, caterers and children about sustainable fish in partnership with Billingsgate Seafood School. (Source: Retail Bulletin)
  • Diageo has appointed a new UK general manager, while expanding the role to include Ireland and France. (Source: Just Drinks)
  • Whole Foods Market have announced plans to launch one to two hours groceries delivery service in London, after completion of successful trial. (Source: Retail Bulletin)
  • Heineken has confirmed recent speculation that it will become a “Global Partner” of motor racing’s Formula One World Championship.

Heineken has confirmed recent speculation that it will become a "Global Partner" of motor racing’s Formula One World Championship..png

Household

  • Boots have announced that their Company President, Simon Roberts, has decided to step down from the role with immediate effect. He will be replaced by Alex Gourlay. (Source : Company Press Release)
  • Guess How Much! (GHM!), the discount variety retailer, have opened their first store at Hinckley’s Crescent development in Leicestershire. (Source: The Guardian)
  • Homebase have announced plans to leave Nectar’s loyalty programme by the end of 2016 after a seven-year partnership. (Source: Retail Week)
  • Loaf, the home furniture retailer, have announced plans to open their second store in Notting Hill, London. (Source: Retail Bulletin)
  • Sainsbury’s have announced plans to appoint John Rogers as Chief Executive Officer of Home Retail Group upon completion of the acquisition process. (Source: Company Press Release)
  • Smiggle, the Australian stationery retailer, have announced plans to open a new store in Bradford. (Source: Retail Times)
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