- Bonmarche have reported a 3.6% decrease in total revenue for the 13 weeks to 25 June 2016. Store like-for-like sales decreased by 8.1% while online sales decreased by 2.7% for the same period.
- Gear4Music have reported a 66% increase in total like-for-like sales to £13.8m for the four months to 30 June 2016. UK sales increased by 44% to £9.0m while European sales increased by 137% to £4.7m for the same period.
- Inchcape have reported an 11.2% increase in sales to £3.8bn for the six months to 30 June 2016. Like-for-like sales increased by 9.1% while pre-tax profit stood at £165.0m for the same period.
- McColl’s Retail Group have reported a 2.2% increase in total sales to £469.2m for the 26 weeks to 29 May 2016. Like-for-like sales decreased by 2.2% while profit before tax was reported at £8.2m for the same period.
Lifestyle ended a three week run in positive territory, with LFL sales slumping to -3.37% this week. The result comes off of a strong base for the same week last year when lifestyle hit a six week high (+4.4%). Retailers of sporting and outdoor goods struggled this week, as did retailers of electronic goods.
Despite the improvement in the weather and footfall, fashion remained down, posting LFL sales of -0.71%. In a week where many retailers were still running 70% discounts, the result was also coming off of a weak base of -4.0% for the same week last year. However, despite the negative total, 48% of respondents posted positive figures for bricks and mortar sales, with sales of footwear outperforming the rest of the sector.
LFL sales of homewares goods also entered negative territory after three successive weeks of positive results. Down by -1.70%, homewares was coming off of a very strong base of +6.1% for the same week last year. Results were mixed amongst furniture and soft furnishing retailers, while kitchenware retailers struggled.
Non-store LFL sales were up by +19.7% this week, falling just shy of the +20% benchmark. The performance of fashion online was much healthier than in store, with 74% of respondents reporting positive figures, of which 83% reported double or even triple digit growth. Meanwhile, 33% of lifestyle retailers and 43% of homewares retailers reported positive online growth this week.
Clothing, Footwear & Accessories
- Atterley, the online fashion retailer, have announced plans to re-launch with 30 independent fashion retailers and brands in September 2016, after falling into administration in January 2016. (Source: Drapers)
- Kit and Ace, the Canadian apparel brand, have opened a 1,700 sq. ft. store at Monmouth Street in London’s Seven Dials district. (Source: Retail Bulletin)
- Selfridges have launched the first phase of their 20,000 sq. ft. designer studio at Oxford Street, London. (Source: Company Press Release)
Electrical & Entertainment
- Amazon have announced plans to conduct drone delivery tests in the UK airspace after winning approval from the UK government. (Source: Telegraph)
- Amazon have also launched their Dash gadget in UK that will enable users to add items to their shopping carts by speaking onto it. (Source: Telegraph)
- Dyson have announced plans to open a 430 sq. ft. pop up store, at Bluewater shopping center for a six-month period until January 2017. (Source: Retail Bulletin)
- WH Smith have announced plans to enter the Norwegian market in partnership with SSP, and open a store at Stavanger airport under a franchise agreement. (Source: Retail Bulletin)
Food & Drink
- Asda have announced the selection of software technology exports Visual Retailing, to ramp up store experience in their George fashion departments. (Source: Retail Week)
- Iceland have announced plans to end the sale of eggs from caged hens in their UK stores by 2025. (Source: Company Press Release)
- James Hall, the SPAR wholesaler for the north of England, have acquired the North East Convenience Stores chain. (Source: Company Press Release)
- SABMiller has said its board intends to recommend Anheuser-Busch InBev’s revised offer of GBP45 per share.
The latest CBI Distributive Trades Survey for the year to July 2016 has revealed that 24% of retailers said volumes were up in July 2016, and 38% said they were down, giving a rounded balance of -14%. 20% of respondents reported an increase in sales volumes for July 2016, while 27% reported them to be poor, giving a rounded balance of -7%. 9% of retailers placed more orders with suppliers in July 2016 as compared to July 2015, while 42% placed fewer orders, giving a rounded balance of -33%. Sales volumes grew for non-specialised goods (+52%) and footwear & leather (+12%), while the volumes decreased for grocers (-30%) and furniture and carpet sector (-90%).
- Argos have announced plans to launch Fairtrade wedding rings. (Source: Verdict)
- DFS have appointed Nicola Bancroft as their Chief Financial Officer and Executive Director with effect from 01 August 2016. (Source: Company Press Release)
- John Lewis have announced a partnership with TrueStart, to find, fund and fast-track retail-specific start-ups. (Source: Company Press Release)
- Lakeland have announced plans to launch 12 shop-in-shops in Australia in partnership with The Good Guys, an Australian retailer. (Source: Retail Week)
- Mothercare have announced that their Non-Executive Director, Angela Brav, has decided to step down from the position with immediate effect. (Source: Company Press Release)
- Paperchase have announced plans to open a concession store within Nexts 50,000 sq. ft. Straiton Retail Park store in Scotland. (Source: Retail Week)
- Tesco have announced plans to offer free fruits to kids while their parents shop, as a part of their initiative to create healthy eating habits. (Source: Company Press Release)
- Tesco have also announced plans to enter into a partnership with Holland & Barrett to introduce a health & wellbeing store-in-store format in a number of Tesco stores across the UK. (Source: Company Press Release)
- Selfridges have launched their first social-media friendly shopping app (Source: Company Press Release)
Courtesy of ‘Barclays‘