- Carpetright have reported a 1.3% decrease in group sales to £456.8m for the 52 weeks to 30 April 2016. UK total sales decreased by 1.3% to £391m while UK like-for-like sales increased by 2.8% for the same period. Underlying pre-tax profit stood at £17.3m.
- Constellation Brands enjoyed a bumper fiscal first-quarter, according to figures released today, with net profits rising by a third.
- Dixons Carphone have reported a 5% increase in group revenue to £9.7bn for the year ended 30 April 2016. UK like-for-like revenue increased by 6% for the same period while in profit before tax stood at £447m.
- Ocado have reported a 15.1% increase in revenue to £584.2m for the 24 weeks ended 15 May 2016. Gross retail sales increased by 13.1% to £582.9m for the same period, while profit before tax stood at £8.5m.
Sales of lifestyle goods posted LFL sales of -4.50% this week. Despite the negative result, it was the best performer of the week. Larger department stores and electrical goods retailers outperformed the gift retailers this week.
Despite posting a higher result than last week, fashion was still down by -9.36% this week as compared to the same week last year. Fashion remains in the doldrums, posting its second week in a row at below -9%.
Homewares recorded the most disappointing figures this week, down by -11.10%. It was its poorest result since August last year. The figure is particularly disappointing coming off of a very weak base of -12.10% for the same week last year. 100% of respondents who reported negative LFL sales figures were into double digit declines.
The poor performance of bricks and mortar did not receive much help from online retail to offset falling revenues. Non-store saw positive LFL sales of just +6.79% this week, dropping below the 10% mark and recording its lowest result in thirteen weeks. Homewares made up some ground online with 67% of respondents reporting positive LFL sales figures. For lifestyle, 64% of respondents reported positive online figures, while for fashion, only 53% of respondents reported positive non-store growth.
Clothing, Footwear & Accessories
- Boohoo have announced that their Non-Executive Director Mark Newton-Jones will step down from the role, with effect from 31 July 2016. (Source: Company Press Release)
- Bravissimo, the lingerie and swimwear retailer, have announced plans to open a store in partnership with sister fashion clothing brand Pepperberry at Liverpool ONE in Autumn 2016. (Source: Retail Bulletin)
- French Connection have teamed up with MIQ Logistics for inbound logistics services. As part of the deal, MIQ will provide inventory management from French Connection factories in Asia, India, Turkey, Romania and Poland to stores in Europe and North America. (Source: Company Press Release)
- G.H. Bass, the footwear brand, have announced plans to open their first global store at Carnaby Street, London. (Source: Retail Bulletin)
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- N Brown have launched an innovation programme JDWorks in partnership with technology investors L Marks to help grow their digital operations. (Source: Drapers)
- Urban Decay have announced plans to open their European flagship store at Carnaby Street, London by Summer 2016. (Source: Retail Bulletin)
Food & Drink
- My Local have officially entered administration and have appointed KPMG as their administrator. (Source: Reuters
- Diageo has unveiled labelling of per-serving nutritional facts on its Johnnie Walker Red Label packs, as it looks to encourage drinkers to make informed choices.
- Tesco have launched a new Fair For Farmers guarantee scheme on their fresh milk, as a part of their strategy to build transparent, long-term relationships with suppliers. (Source: Company Press Release)
According to IMRG MetaPack UK delivery index, online retail delivery volumes were up by 25.2% year-on-year in May 2016, the strongest growth recorded so far in 2016. This strong performance was built on particularly weak yearonyear growth in May 2015 (+2.5%) as the UK was heading into a highly uncertain general election which seemed to dent shopper confidence. However the EU referendum didnt seem to have the same effect in 2016 despite the outcome. In line with the theme over 2015, the quality of service has continued to perform well in 2016 as compared to previous years. The percentage of ontime / attempted delivery was up a full percentage point year-on-year at 94.9% for May 2016. The performance of delivery index was also consistent with that of the sales index, where revenue grew by 17%.
- John Lewis have announced plans to introduce their own brand of homeware products to Irish department store Arnotts in Autumn 2016. (Source: Company Press Release)
- John Lewis have selected five retail tech start-ups for JLAB 2016, their accelerator programme run in association with innovation partner L Marks. (Source: Retail Bulletin)
- Selfridges have announced the launch of a commercial theatre within their flagship Oxford Street store as a part of celebrations marking the 400th anniversary of Shakespeare’s death. (Source: Verdict)
- Tapi Carpet and Floors, have announced plans to open a new store in Midlothian, Scotland in July 2016. (Source: Verdict)
Courtesy of ‘Barclays