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#retailtrends #retailnews #Retail & #Brand trends for w/e 22nd July 2016 #marketingweek #eventmagazine

July 25, 2016

Company Results

  • AO World have reported a 25.0% increase in revenue for the three months to June 2016. UK branded revenue increased by 29.0% for the same period.
  • Britvic has posted a drop in nine-month underlying sales as still soft drinks in the UK continued to underperform.

Britvic has posted a drop in nine-month underlying sales as still soft drinks in the UK continued to underperform.

  • Conviviality Retail have reported a 137% increase in sales to £864.5m for the 53 weeks to 01 May 2016. Adjusted profit before tax stood at £21.7m for the same period.
  • Peter Vardy, the new and used car dealership, have reported an 11.0% increase in turnover to £437.2m for the 12 months to 31 December 2015. (Source: AM Online)
  • Vertu Motors have reported a 21.5% increase in sales for the four months to 30 June 2016. Like-for-like revenue increased by 8.4% for the same period.
  • White Stuff have reported a 10.0% increase in sales to £144.6m for the 12 months to 30 April 2016. Retail sales increased by 6.5% while online sales increased by 17.0% for the same period. Like-for-like sales increased by 0.6%. (Source: Retail Week)

Lifestyle LFL sales were marginally up by +0.85% this week. The figure marked the third positive result in succession for lifestyle sales. However, retailers of electrical goods struggled this week, and results were mixed amongst gift retailers. Positive signs were observable for retailers of outdoor goods who are seeing some positive effects of a slight (and long awaited) improvement in the weather.

Fashion LFL sales were down by -2.15%, posting its sixth negative week in succession, with 65% of respondents reporting negative growth figures this week. The result was coming off of a weak base of -1.7% for the same week last year.

Homewares posted the strongest result for the High Street Sales Tracker for the third week in succession, up by +6.53% off of a weak base of -1.5% for the same week last year. 80% of respondents reported positive LFL sales results this week.

Non-store LFL sales were up by 23.30%, the third week in succession where online sales have crashed through the 20% benchmark. 81% of fashion respondents reported positive non-store sales this week, while 83% of lifestyle and 67% of homewares respondents saw positive online LFL results.

Clothing, Footwear & Accessories

  • H&M have announced plans to open a 35,000 sq. ft. store at Queensgate shopping centre in Peterborough on 28 July 2016. (Source: Company Press Release)
  • Lululemon have announced plans to open 7,500 sq. ft. store at Old Spitalfields Market, London. (Source: Retail Bulletin)

Lululemon have announced plans to open 7,500 sq. ft. store at Old Spitalfields Market, London

  • Seasalt, a women clothing and apparel retailer, have announced plans to open their first store in Wales at St David’s shopping centre by Autumn 2016. (Source: Retail Bulletin)
  • Store Twenty One have announced plans to close their 80 stores within next three months. (Source: The Guardian)
  • Waitrose have announced plans to reduce plastics in their health and beauty ranges by September 2016. (Source: Company Press Release)

Food & Drink

  • Holland & Barrett have announced plans to roll out their click-and-collect service to all of the UK after a successful trial in London. (Source: Retail Gazette)
  • Hotel Chocolat have announced plans to open 1,400 sq. ft. store at Queensgate shopping centre in August 2016. (Source: Retail Times)
  • Majestic Wines have teamed up with Deliveroo to deliver drinks to the customers from their eight Majestic Wines stores across London. (Source: Retail Week)
  • My Local have confirmed the sale of 26 convenience stores, saving 372 jobs in the process. (Source: BBC News)
  • Primark have opened new stores in New Jersey and Pennsylvania, USA, as a part of their US expansion strategy. (Source: Retail Gazette)

Primark have opened new stores in New Jersey and Pennsylvania, USA, as a part of their US expansion strategy

  • Sainsbury’s have announced plans to launch same day online delivery service from 30 stores by Christmas 2016. (Source: The Guardian)
  • SPAR International have announced plans to open their first stores in Mongolia in partnership with conglomerate Max Group LLC. (Source: Company Press Release)

The latest figures from the IMRG Capgemini e-Retail Sales Index has revealed year-on-year online sales growth of 17% in June 2016, as the index continued to perform strongly despite of other indicators of falling consumer confidence around the EU Referendum. The index recorded a month-on-month growth rate of 2.0% in June 2016, similar to June 2015, and building on an extremely strong May 2016. The average basket value of goods purchased online was also up from £75.11 in June 2015 to £80.34 in June 2016.

In mobile retail, the growth of sales made on tablets continued to decline with year-on-year growth at 0.4%. This is the lowest figure registered since 2013. Conversely, sales on smartphones grew 69% year-on-year, following strong growth of 117% in June 2015. In June 2016, sales of beer, wines and spirits declined by 7.0% as consumers held back on Summer BBQs. Health and beauty sales also fell by 5.0%, its weakest performance in six years. However, online sales across the clothing category performed strongly with lingerie up by 41%, accessories up by 46% and footwear up by 34%. Apparel as a whole was also up by 18% year-on-year in June 2016.

Household

  • Cath Kidston have announced plans to open three stores in India by Autumn 2016, as a part of their global expansion strategy. (Source: The Telegraph)
  • EBay have launched an ‘advanced targeting’ tool that allows home and DIY retailers to connect with customers looking to buy a house. (Source: Retail Week)

Courtesy of ‘Barclays

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