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#retailtrends #retailnews #Retail & #Brand trends for w/e 9th September 2016 #marketingweek #eventmagazine

September 12, 2016

Company Results

  • Asda have reported a 3.7% decrease in sales to £22.4bn for the year to 31 December 2015. Like-for-like sales (exc. store openings and closures) decreased by 4.7% while pre-tax profit increased by 5.9% to £974.9m for the same period. (Source: Telegraph)
  • Cambria Automobiles have reported an 11.0% increase in new vehicle sales for the 11 months to 31 August 2016. Used vehicles sales increased by 4.4% for the same period.
  • Dixons Carphone have reported a 9% increase in group revenues to £9.7bn for the 13 weeks to 30 July 2016. Group like-for-like revenue increased by 4% while UK & Ireland like-for-like revenue increased by 4% for the same period.
  • Gear4Music have reported a 73.0% increase in total like-for-like sales to £21.6m for the six months to 31 August 2016. UK sales increased by 44% to £13.7m while European sales increased by 169.0% to £7.8m for the same period.
  • Halfords have reported a 4.8% increase in total group sales for the 20 weeks to 19 August 2016. Retail sales increased by 4.8% while retail like-for-like sales decreased by 1.1% for the same period.
  • The UK arm of H&M’s profits after tax fell 19% to £36.4m for the year to 30 November 2015, as the retailer continued its store expansion programme. (Source: Drapers)

H&M Bluewater

  • Harratts Group have reported a 6.1% increase in sales to £124.3m for the year to 31 December 2015. Pre-tax profit stood at £0.3m for the same period. (Source: Motor Trader)
  • Shop Direct have announced a 4.3% increase in sales to £1.8bn for the 53 weeks to 30 June 2016. Pre-tax profit increased by 43.6% to £150.4m for the same period.

Lifestyle LFLs returned to the positive, up by +1.83% off of a base of +8.5% for the same week last year. Although the largest LFL increases were seen amongst department stores and some smaller gifting retailers, retailers of outdoor goods also saw a rise in like-for-likes after a challenging start to the summer. There were also some improvements in sales of electrical goods, but stationery retailers did not evidence the expected back-to-school uplift.

Fashion LFLs were down by -5.51% this week, off of a very strong base of +9.3% for the same week last year. The figure marks the fifth negative result for fashion in succession. 59% of fashion respondents reported negative bricks-and-mortar LFLs this week.

Homeware LFLs were up by +5.60% this week, marking the sixth week of positive growth in succession. The positive result was coming off of a base of +8.5% for the same week last year.

Non-store LFLs remained below the 20% threshold this week, up by +16.99%. Fashion fared better online with 58% of respondents reporting positive online LFLs. However for lifestyle, 92% of respondents reported positive online growth, while for homeware only 40% of respondents reported positive non-store sales.

Clothing, Footwear & Accessories

  • Pep&Co have announced plans to open 13 new stand alone stores by December 2016. (Source: Retail Week)
  • Ted Baker have enlisted British film director Guy Ritchie to make a three-minute ‘shoppable’ film called ‘Mission Impeccable’. The film will allow viewers to instantly buy what they see. (Source: Company Press Release)
  • Motorcycle brand Norton Clothing will open its first UK store at 47 Beak Street in Soho, central London. (Source: Drapers)
Image result for Motorcycle brand Norton Clothing will open its first UK store at 47 Beak Street in Soho, central London.
  • Amazon have announced the launch of free one-hour restaurant deliveries to their prime customers in London in a bid to acquire a part of Britain’s takeaway market. (Source: Telegraph)

The BRC-KPMG Online Retail Sales Monitor, August 2016, has revealed that online sales of non-food products in the UK grew by 6.2% in August 2016, compared to August 2015, which is the slowest increase since March 2013. The 12-month average remains at 11.1%. In the three months to August 2016, online sales of non-food products in the UK grew by 8.8% year-on-year. Over the same period, store sales declined by 1.7% on a total basis and 1.9% on a like-for-like basis. Online sales represented 20.2% of total non-food sales in the UK in August 2016, against 19.1% in August 2015. This makes August 2016 the eighth consecutive month that the non-food online penetration rate has remained above 20.0%.

Food & Drink

  • Morrisons have announced plans to cut prices of meat and poultry by 20% as part of their strategy in the wake of an on-going supermarket price war. (Source: Guardian)
  • Tesco have announced plans to roll out their ‘Scan as you Shop’ service to another 20 stores in order to help customers save time at the checkout. (Source: Company Press Release)
  • Heineken has made developing in-house craft beer brands a priority over acquiring smaller players. (Source: Just Drinks)
  • Diageo has launched a limited edition pumpkin-and-cinnamon-flavoured extension of its Baileys liqueur brand in the US and UK. (Source: Just Drinks).
Limited edition Baileys Pumpkin Spice launches

Household

  • Evans Cycles have announced that their Chief Executive Officer, Nick Wilkinson has stepped down with immediate effect. (Source: Retail Gazette)
  • Sainsbury’s have announced plans to launch Argos digital concessions to more than 20 additional stores and also launch five mini Habitat stores by December 2016 following their acquisition of Home Retail Group. (Source: Company Press Release)
  • Silvera, the French furniture retailer, have announced plans to open their first UK store by end of 2016. (Source: Retail Bulletin).

Silvera debut

Courtesy of ‘Barclays

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