- Asda have reported a 7.5% decline in like-for-like sales for Q2 2016. (Source: Retail Bulletin)
- Kingfisher have reported an 8.4% increase in total sales to £3.0bn for the three months to 31 July 2016. Like-for-like sales increased by 3.0% while UK & Ireland sales increased by 5.1% to £1.4bn for the same period. Like-for-like sales for UK & Ireland increased by 7.2%.
- Laura Ashley have reported their group revenue at £400.9m for the 74 weeks to 30 June 2016. UK sales increased by 35.8% to £363.2m while online revenue stood at £73.5m for the same period. Group like-for-like sales increase by 4.1% for the same period. (Source: Verdict)
- Carlsberg has reported a 25% leap in net profits for the first half of 2016 as its cost-saving initiatives gain momentum.
- Lookers have reported a 33.0% increase in revenue to £2.3bn for the six months to 30 June 2016. Profit before tax stood at £46.7m for the same period.
- Marshall Motor Group have reported a 30.7% increase in revenue to £826.4m for the six months to 30 June 2016. Adjusted profit before tax stood at £14.0m for the same period.
- Vantage Motor Group have reported a 23.0% increase in turnover to £209.3m for the 12 months to 31 December 2016. Profit before tax stood at £1m for the same period. (Source: AM Online)
Lifestyle LFL sales were up +1.71%. As with last week gift retailers and outdoor and sports retailers performed particularly well, once again capitalising on the holiday season and good weather.
Fashion had a negative week with LFL sales down by -2.65%, the poorest result in six weeks, but an improvement on -6.30% for the same week last year. Over two-thirds of retailers (68%) reported negative like-for-like sales this week.
Homeware had another good week, with LFL sales up by +19.10% as compared to the same week last year. Retailers of furniture and soft furnishings led the way again this week.
Non-store LFLs were up by +20.04% this week. While online sales of Fashion were up, it was the weakest performing category. Online sales of homeware had an exceptional week with LFL sales up by +70.45%, its best set of LFL figures of the year thus far.
Clothing, Footwear & Accessories
- Essilor International have acquired MyOptique, the online prescription glasses, contact lenses and sunglasses retailer. (Source: Retail Gazette)
- Joules have announced plans to open their new 3,375 sq. ft. store at George Street in Edinburgh on 24 August 2016. (Source: Drapers)
- Laura Ashley have teamed up with Tmall to launch their online retail website in China. The retailer has also announced plans to sell their clothing range in the country at House of Fraser stores. (Source: The Guardian)
- Marie Claire have teamed up with Ocado to launch their new online and brick and mortar beauty retail store called Fabled. (Source: Retail Bulletin)
- River Island have opened their new 162,500 sq. ft. store at Flemingate Retail Development, Beverley. (Source: Company Press Release)
Electrical & Entertainment
- Amazon have announced plans to open their new fulfilment centre in Tilbury, Essex by 2017. The retailer has also announced plans to open a warehouse in Doncaster by 2017. (Source: The Guardian)
- John Lewis have announced plans to launch their new range of virtual reality products including Oculus Rift headset, in their online and brick and mortar stores by 20 September 2016. (Source: The Sun)
- The Toy Store have announced plans to open six new stores across UK. (Source: Retail Gazette)
The latest figures from the IMRG Capgemini e-Retail Sales Index has revealed year-on-year online sales growth of 19% in July 2016, highest increase in 20 months. High discounting by retailers across the board throughout July 2016 have contributed to the strong performance of the Index, with the average basket value of goods purchased online falling from £80.52 in June 2016 to £78.39 in July 2016. The discounting is expected to have been influenced by a need to compete with Amazon Prime Day (12 July), with Amazon announcing that customer orders surpassed Prime Day 2015 by more than 60% worldwide. The Index growth was also, in part, affected by sales growth for multichannel retailers, who recorded a growth rate in online sales of 19%, a 13-month high. The growth was supported by continued strong growth for online-only retailers where sales grew by 18% year-on-year.
Food & Drink
- Morrisons have announced that their Non-Executive Director, Irvin Lee, have decided to step down from the role, with effect from 31 August 2016. The retailer has also completed the sale of its stake in US online food retailer Fresh Direct. (Source: Company Press Release)
- E&J Gallo has signed a sponsorship deal with Crystal Palace, which sees its New Amsterdam Vodka become an official partner of the football club.
- Arca Continental has seen a dip in second-quarter profits fail to dampen a strong showing in the first half of 2016.
- Diageo has announced the launch of the latest Guinness campaign, as part of its official broadcast sponsorship of the English Premier League on SuperSport and Canal+ TV channels in Africa.
- B&M have opened their 100th Garden Centre store at Southampton Road Retail Park in Salisbury. The retailer has also announced plans to open further 10 Garden Centres in 2016. (Source: Company Press Release)
- Castrads have announced plans to open their new 1,292 sq. ft. store on Londons Fulham Road. (Source: Retail Bulletin)
- Cath Kidston have appointed Michael Engelhaupt as their new Head of Latin American region, with immediate effect. (Source: BBC News)
- John Lewis have launched Locally Made initiative under which they will create a dedicated area in their shops for locally designed and made products. (Source: Company Press Release)
Courtesy of ‘Barclays‘