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#retailtrends #retailnews #Retail & #Brand trends for w/e 5th August 2016 #marketingweek #eventmagazine

August 8, 2016

Company Results

  • Game Digital have reported a 5.0% decrease in group sales for the 52 weeks to 23 July 2016. UK sales fell by 10.8% for the same period. (Source: Retail Bulletin)
  • Greggs have reported a 6.0% increase in sales to £422m for the 26 weeks to 02 July 2016.
  • Suntory Holdings has posted a big jump in profits for its alcoholic beverages despite a slight fall in sales.

Suntory Holdings has posted a big jump in profits for its alcoholic beverages despite a slight fall in sales.

  • Next have reported a 1.8% increase in total sales for the 26 weeks 30 July 2016. Next Retail sales decreased by 0.7% while Next Directory sales increased by 5.4% for the same period.
  • Pendragon PLC have reported a 1.5% increase in sales to £2.3bn for the six months to 30 June 2016. Underlying profit before tax increased by 9.7% to £3.9m for the same period.
  • Pets at Home have reported an 8.9% increase in sales to £244.2m for the 16 weeks to 21 July 2016. Like-for-like sales increased by 2.7% for the same period.
  • Monster beverage Corp’s international sales continued to fire in the second quarter of the year to propel a strong first-half performance for the energy drinks maker.

Monster beverage Corp's international sales continued to fire in the second quarter of the year to propel a strong first-half performance for the energy drinks maker..jpg

  • Swansway Group, the new and used vehicle retailer, have reported a 8.0% increase in turnover to £436m for 2015. Pre-tax profit increased by 5.1% to £6.2m for the same period. (Source: AM Online)
  • Travis Perkins, the builders merchants, have reported a 5.8% increase in total group sales to £3.1bn for the six months 30 June 2016. Like-for-like sales increased by 3.1% while profit before tax stood at £176m for the same period.

Lifestyle LFLs were up by +1.77% this week off of a nominal decline of -0.1% for the same week last year. The result was the best for lifestyle in three weeks. Positive results were posted by gift retailers and department stores, outdoor goods retailers had mixed fortunes, while electronic goods retailers continued to struggle.

Fashion posted an LFL sales increase of +1.14% this week, its best result for eight weeks. In a week in which clothing and footwear outperformed accessories, 56% of fashion respondents saw positive bricks and mortar LFL sales amid a climate of widespread and deep discounting.

Homewares was the strongest performing sector this week with LFL sales of +8.67%. The strong performance was coming off of a marginally positive result for the same week last year (+0.6%). Retailers of furniture and soft furnishings did particularly well while negative results were seen from kitchenware retailers and department stores.

Non-store LFL sales also saw strong positive growth this week, up by +20.27%. 67% of fashion respondents were in positive territory online, with 73% of those reporting double or even triple digit growth. Meanwhile 83% of lifestyle respondents reported positive online growth, compared to 60% of homeware respondents.

Clothing, Footwear & Accessories

  • Harrods have announced the reversal of Michael Ward’s decision to step down as their Managing Director, to help the business help deal with changes in UK economy. (Source: Drapers)
  • River Island has appointed Nicholas Tahir as head of menswear buying, replacing Fiona Firth, who left the business earlier this year. (Source: Drapers)
  • Maternity-wear specialist Seraphine has increased sales from £3.5m to £14m for the year ended March 31 thanks to a boost from overseas expansion. (Source: Drapers)
  • H&M have announced plans to double their store size to 22,000sq. ft. at Willow Place, Corby. (Source: Drapers)
  • New Look have announced plans to open 25 stand alone menswear stores in China and France over the next five years. (Source: Retail Week)
  • Love Stories Intimates, Dutch lingerie brand have announced plans to open their first UK store in Hanbury Street, London. (Source: Retail Bulletin)

Love Stories Intimates, Dutch lingerie brand have announced plans to open their first UK store in Hanbury Street, London

  • Sainsbury have announced the launch of a new range of sportswear called ‘Athleisure’ that can be worn as every day wear by 07 August 2016. (Source: Company Press Release)
  • Shoe Zone have announced the appointment of Jonathan Fearn as their new Finance Director with immediate effect. (Source: Drapers)

Electrical & Entertainment

  • Curry’s PC World have launched a ‘Get Started’ campaign as a part of their strategy to highlight their new lifestyle based segmentation of laptops. (Source: Company Press Release)
  • GAME Digital’s subisidiary Multiplay have announced plans to enter into a partnership with Respawn Entertainment to host Titanfall 2, an up-coming video game. (Source: Company Press Release)

According to the BRC-Nielsen Shop Price Index, overall shop prices reported deflation of 1.6% in July 2016, from a decline of 2.0% in June 2016. Non-food prices declined by 2.2% for July 2016. Food deflation remained at 0.8% in July 2016 same as in June 2016. Fresh food prices were reported 1.2 per cent down from July 2016 and ambient food was reported cheaper for the first time since April 2015.

Food & Drink

  • The Co-operative Group have announced plans to open new stores in Yorkshire creating 28 new jobs by August 2016. (Source: Verdict)
  • Hotel Chocolat have announced plans to open a new shop and café concept store at Worcester’s Cathedral Square. (Source: Retail Bulletin)
  • Heineken has unveiled a new look for its Bulmers cider brand in the UK. (Source: Just Drinks)

Heineken has unveiled a new look for its Bulmers cider brand in the UK..JPG

  • Morrisons have announced price cuts on products with an average of 18 per cent being cut from the price of 1,045 every day products including hundreds of core grocery and dairy items. (Source: Company Press Release)
  • Lidl UK have announced plans to begin trial of a new private label baby brand. (Source: Retail Week)
  • Sainsbury’s have announced plans to grow their business in China in partnership with Alibaba by doubling the number of their products that are available on Alibaba’s Tmall Global online marketplace. (Source: Company Press Release)

Household

  • Conviviality Plc. have appointed David Robinson as Managing Director for their Retail Business, with immediate effect. (Source: Company Press Release)
  • Flying Tiger Copenhagen have announced plans to open their first global concession in Selfridges’ Birmingham store on 05 August 2016. (Source: Retail Week)
  • Selfridges have opened their Christmas shop, 141 days before Christmas at their Oxford Street department store in a bid to respond to demand by foreign customers. (Source: Huffington Post)

Selfridges have opened their Christmas shop,.jpeg

  • Tesco have announced that Robin Terrell will step down from the position of Chief Customer Officer with effect from 01 October 2016. (Source: Retail Week)
  • Tesco have opened a wine pop-up bar to showcase wines from their premium label range at Soho art gallery on Wardour Street, London. (Source: Guardian)

Tesco have opened a wine pop-up bar to showcase wines from their premium label range at Soho art gallery

Courtesy of ‘Barclays

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