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#retailtrends #retailnews #Retail & #Brand trends for w/e 24th June 2016 #marketingweek #eventmagazine

June 27, 2016

Company Results

  • Debenhams have reported a 0.5% increase in group gross transaction value (GTV) for the 15 weeks to 11 June 2016. Group like-for-like sales decreased by 0.2% while online sales increased by 7.0% for the same period.
  • Hobbycraft have reported a 7.6% increase in turnover to £152m in the year to 21 February 2016. Underlying profits increased by 63% to £10.9m for the same period. (Source: Guardian)
  • The UK spirits industry is preparing itself for short-term losses following the decision to leave the European Union.
  • Joules have reported a 12.7% increase in revenue to £131.3m for the 53 weeks to 31 May 2016. Retail sales increased by 11% to £93.7m while wholesale sales increased by 17.6% to £37.2m for the same period. UK sales increased by 11.6% to £118.1m.
  • Majestic Wine have reported a 41.3% increase in total sales to £402.1 m for the year to 28 March 2016. Majestic retail like-for-like sales increased by 4.8% while group pre-tax profit decreased by 74.5% to £4.7m for the same period.
  • Reiss have reported a 55.9% increase in pre tax profit to £17.8m for the year ending 31 January 2016. ( Source: Retail Week)

Reiss have reported a 55.9% increase in pre tax profit to £17.8m for the year ending 31 January 2016

  • Sinclair Motor Group have reported a 12.2% increase in sales to £365.6m for the year to 31 December 2015. Pre tax profit stood at £2.8m for the same period. (Source: Motor Trader)
  • Tesco have reported a 0.9% increase in group like-for-like sales for the 13 weeks to 28 May 2016. UK like-for-like increased by 0.3% for the same period.

Lifestyle recorded a marginal positive for LFL sales this week, up by +0.21% over the same week last year. Amid the poor weather, the result was somewhat more impressive in coming off of a strong base of +6.1% for the same week last year. While gift retailers experienced mixed fortunes, Father’s Day did positively impact sales for retailers of jewellery and watches for men, and electronic goods. The fact that footfall was so poor this week also suggests that lifestyle retailers recording positive LFL results were successful in translating footfall into sales.

Fashion plunged to an eight week low this week, down by -9.97% off of a fairly strong base for the same week last year (+2.5%). However, the negative figure is particularly disappointing in a climate of widespread and heavy discounting. In a week that lacked prolonged spells of sunshine, 79% of respondents reported negative bricks and mortar sales. Of the 21% reporting positive LFL sales results, 50% were below +2%. The negative trend was seen across clothing, footwear and accessories.

Homewares recorded a marginal negative for LFL sales overall this week, down by -0.60%. Retailers of furniture outperformed home furnishings, but not sufficiently to carry homewares into positive territory.

Non-store sales saw positive LFL sales of +16.18% this week. Although below the 20% benchmark, the figure comes off of a very strong base of +36.2% for the same week last year (which also included Father’s Day). Fashion fared better online than in-store, with 64% of respondents reporting positive LFL online sales. Lifestyle felt the benefit of Father’s Day more widely online, with 82% of respondents reporting positive LFL figures. Homewares saw 60% of respondents reporting positive LFL numbers, of which all were in double figures.

Clothing, Footwear & Accessories

  • & Other Stories, womenswear retailer, have announced plans to open a three-storey shop on London’’s Oxford Street in addition to a new store in Manchester’s Exchange Street. (Source: Drapers)

& Other Stories, womenswear retailer, have announced plans to open a three-storey shop on London’s Oxford Street

  • Coast, the women’s fashion retailer, have partnered with Doddle to offer customers free returns, at more than 50 Doddle locations in the UK. (Source: Company Press Release)
  • Harrods, the luxury department store, have launched their newly refurbished jewellery room at their Knightsbridge store. (Source: Luxury London)

Harrods, the luxury department store, have launched their newly refurbished jewellery room .jpg

  • Shoe Zone have announced that Anthony Smith, their Chief Executive Officer, will step down with immediate effect and will to move to the role of Executive Chairman as part of management changes. He will be succeeded by Nick Davis. (Source: Company Press Release)
  • Very.co.uk have launched a new womenswear label, ‘V by Very‘. (Source: Retail Bulletin)
  • Zara have announced plans to launch self service tills in their UK stores that will allow unmanned checkouts for shoppers. (Source: Daily Mail)

Food & Drink

  • Lidl have announced plans to sign up a 12 month old scheme to back British farmers by buying more of their produce and offer long term supply deals.(Source: Guardian)
  • Morrisons have announced plans to re-employ My Local staff that may lose jobs if My Local falls into administration. (Source: Company Press Release)
  • “Relaxation” drinks maker Tranquini is continuing its global expansion with a launch in the UK. (Source: Just Drinks)

%22Relaxation%22 drinks maker Tranquini is continuing its global expansion with a launch in the UK

  • Waitrose have launched their mobile app, ‘Quick Check’, which enables customers to scan product barcodes on their smartphones as they place products in their basket, removing the need for these goods to be scanned at a checkout. (Source: Company Press Release)
  • Gruppo Campari‘s UK unit has revamped the white rum and coconut brand Koko Kanu as it looks to attract ‘urbanite’ drinkers. (Source: Just Drinks)

Gruppo Campari's UK unit has revamped the white rum and coconut brand Koko Kanu as it looks to attract 'urbanite' drinkers.

As per the latest Ampersand Multi-channel Retail Report, only 24% of retailers offer same or next-day click and collect service in 2016, compared to 40% in 2015. Nearly two thirds of such retailers are offering the service for free, however one third of retailers surveyed still don’t offer a click and collect service at all. 95% of retailers offer the ability to buy on a mobile. Given the fierce competition between supermarkets, over 87% retailers in the food and grocery sector offer a persistent cart. A persistent cart can help reduce the number of abandoned shopping carts across channels and increase overall sales. Sports and outdoor sector did even better with 93% retailers offering a persistent cart. However, only one third of retailers in the electrical and technology sector offer the persistent cart feature.

Household

  • Hobbycraft have announced plans to open 30 smaller stores in Greater London area by 2019. (Source: Retail Week)
  • United Carpets, carpet and floor covering retailer, have appointed Paul Newton as their Executive Director with immediate effect. (Source: Retail Bulletin)
  • Superdrug have announced plans to become a sponsor of Gay Star News during Pride events across the UK. (Source: Retail Bulletin)
  • Tesco have announced plans to open a major new distribution hub in Poznan, Poland by September 2016. (Source: Telegraph)

Courtesy of ‘Barclays

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