- Findel have reported a 0.9% increase in sales to £410.6m for the 52 weeks to 25 March 2016. Group profit before tax stood at £24.8m for the same period.
- Holland and Barrett have reported a 7.0% increase in group like-for like sales for the year to September 30, 2015. UK like-for-like sales grew by 10.4% while group online sales increased by 27.5% for the same period. (Source: Retail Week)
- Iceland have reported a 0.8% decrease in sales to £2.7bn for the 52 weeks to 26 March 2016. Like-for-like sales decreased by 2.7% for the same period.
- Mulberry have reported a 5.0% increase in total revenue to £155.9m for the year to 31 March 2016. Retail revenue increased by 8.0% to £118.7m while wholesale revenue decreased by 4.0% to £37.2m. Like-for-like sales increased by 8% while profit before tax stood at £6.2m.
- N Brown have reported a 0.2% decrease in group revenue for the 13 weeks to 28 May 2016. Online sales increased by 6% for the same period.
- Poundland have reported a 30.1% increase in total group sales to £300.9m for the 11 weeks ended 12 June 2016. Underlying sales increased by 28.6% to £294.5m for the same period.
- Ted Baker have reported an 11.3% increase in group sales for the 19 weeks to 11 June 2016. Retail sales increased by 12.7% while wholesale sales increased by 7.3% for the same period.
Lifestyle dropped back into the negative this week, down by -3.10%, making this the seventh week out of the last eight when lifestyle has posted a negative LFL result. In a week in which gift retailers struggled, 79% of respondents reported negative LFL figures. The results are disappointing when compared to the same week last year, which recorded a drop of -6.3%.
Inline with the drop in high street footfall, fashion was down by -3.19% this week. The return to the negative follows the positive result seen last week (+2.89%). The performance was particularly poor, coming off of the weak base of -8.0% reported for the same week last year. A majority of 63% of fashion respondents reported a negative LFL sales figure this week, and only 27% reporting positive results hit double figures.
Homewares posted its second negative week in succession with LFL sales down by 2.87%. The result comes off of the -5.2% reported for homewares in the same week last year. Poor footfall figures in retail parks and across the board contributed to the result.
Non-store was the only moderate success story of the week, recording LFL sales of +19.86% over the same week last year, just shy of the +20% marker. Results for fashion retailers were more favourable online, with 62% of respondents reporting positive growth, and of those 89% posted double or triple digit growth. For lifestyle, a healthy 82% of respondents were in positive territory and for homewares, 50% of respondents reported positive online LFL sales.
Clothing, Footwear & Accessories
- Aspinal of London, the high-end lifestyle brand, have announced plans to collaborate with Cunard’s flagship Queen Mary 2 cruise ship in a new retail partnership . Guests on board Cunard’s cruise ships will now be able to buy from a co-branded Cunard and Aspinal collection. (Source: Retail Bulletin)
- Burberry have announced that their Chief Operating Officer, John Smith, has decided to step down from the role by summer 2017. (Source: Company Press Release)
- John Lewis have announced the launch of their first luxury women’s wear line ‘Modern Rarity’. (Source: Telegraph)
- Peacock have announced plans to open a new store at the Flemingate retail and leisure development in Beverley, East Yorkshire. (Source: Drapers)
- River Island have also announced plans to open a new store at the Flemingate retail and leisure development in Beverley, East Yorkshire. (Source: Drapers)
- Steinhoff, the South African international retailer, has acquired a 22.8% stake in Poundland. (Source: Company Press Release)
- White Stuff have announced plans to launch a local language e-commerce website in Germany. (Source: Retail Times)
Electrical & Entertainment
- Sirin Labs, the high-end smartphone manufacturers, have opened their first flagship store in Mayfair, London. (Source: Retail Bulletin)
The Office of National Statistics’ (ONS) retail sales figures for May 2016 have revealed that retail sales volumes increased by 6.0% compared to May 2015, while sales values increased by 3.1%. Retail sales volumes increased by 0.9% while retail sales values increased by 1.3% in May 2016 compared to April 2016. The total amount spent in the retail sector (non-seasonally adjusted) for the four week period ending May 2016 stood at £29.2bn.
Sales volumes, predominantly for food stores, increased by 4.2% in May 2016, while non-store retailing volumes increased by 15.8% compared to April 2016. Non-specialised stores increased by 10.4%, while textile, clothing and footwear stores increased by 0.1% and household goods increased by 4.3%. Internet sales accounted for 14.3% of all retail spending, excluding automotive fuel, in May 2016.
Food & Drink
- Aldi UK have announced plans to team up with Farm Africa, an international development charity, in a three-year partnership to support young farmers in Kenya. (Source: Company Press Release)
- Asda have announced that Andy Clarke, their Chief Executive Officer, will step down with effect from July 2016. He will be succeeded by Sean Clarke. The retailer has appointed Roger Burnley as its Deputy Chief Executive Officer and Chief Operating Officer. (Source: Company Press Release)
- A fear of looking bad in bar selfies is helping to drive Millennial growth in adult soft drinks, according to the co-creater of ‘Nix-Nix‘ a new alcohol-replacement beverage. (Source: Just Drinks)
- Sainsbury’s have launched their one hour delivery app ‘Chop Chop’ on iTunes in Wandsworth, London. (Source: Retail Week)
- Tesco have announced that they are ending their 24-hour open service in 20 supermarkets as part of their wider operational changes. (Source: Retail Week)
- Tesco have sold 95.5% controlling stake in the Kipa business in Turkey to Migros. The retailer also announced its plans to sell the Giraffe restaurant chain to Boparan Restaurants Holdings Limited. (Source: Company Press Release)
- Waitrose have opened a new supermarket branch in Truro, Cornwall. (Source: Company Press Release.
- Diageo has confirmed the trial launch of a gluten- and dairy-free version of its Baileys cream liqueur, which the company aims to make completely vegan. (Source: Just Drinks)
- Tesco have announced the sale of their Dobbies Garden Centres business to an investor group led by Midlothian Capital Partners and Hattington Capital. (Source: Company Press Release)