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#retailtrends #retailnews #Retail & #Brand trends for w/e 16th September 2016 #marketingweek #eventmagazine

September 19, 2016

Company Results

  • Booker Group have reported a 10.0% increase in sales (including Budgens and Londis) for the 12 weeks to 17 June 2016. Like-for-like sales (excluding Budgens and Londis) decreased by 2.9% for the same period.
  • Dunelm Group have reported a 1.8% increase in total sales to £203.8m for the 13 weeks to 02 July 2016. Total like-for-like sales decreased by 0.6% to £181.1m for the same period.
  • M&S have reported a 0.4% decrease in group sales for the 13 weeks to 02 July 2016. Like-for-like clothing and homeware sales decreased by 8.9% for the same period.

ms-have-reported-a-0-4-decrease-in-group-sales-for-the-13-weeks-to-02-july-2016

  • Nisa Retail have reported a 1.9% decrease in sales to £1.3bn for the 53 weeks ended 03 April 2016. Profit after tax stood at £0.6m for the same period.
  • Primark have reported a 7.0% increase in sales for the year to 18 June 2016.
  • Sports Direct have reported a 2.5% increase in group revenue to £2.9bn for the year to 24 April 2016. Sports retail sales increased by 3.9% to £2.5bn while underlying pre-tax profit decreased by 8.4% to £275.2m for the same period.
  • Superdrug have reported a 5.4% increase in total revenue to £1.1bn for the year to 26 December 2015. Pre-tax profit stood at £56.8m for the same period. (Source: Telegraph)
  • Topps Tiles have reported a 6.2% increase in like-for-like sales for the 13 weeks to 02 July 2016.
  • Wilko have reported a 1.4% increase in sales to £1.5bn for the year to 30 January 2016. Pre-tax profit was reported at £26.0m for the same period.

Lifestyle LFL sales performed well this week, up by +2.73% after a disappointing result last week (-4.50%). The positive figure was off of a weak base for the same week last year (-2.00%). The result was buoyed by strong performances from department stores and gift retailers. Electrical goods retailers struggled this week as shoppers tightened their belts post-Brexit.

Fashion LFL sales remained in the doldrums this week, down by -3.37% on the same week last year. This marked the fourth negative week in succession for fashion. 41% of respondents reported positive LFL sales, of which 42% saw double digit LFL growth.

Homewares posted the strongest result this week, up by +4.37%. The result comes off of a weak base for the same week last year (-3.7%). The positive result ends four weeks of negative results for homewares.

Non-store LFL sales rebounded well, up by +21.81% this week, breaking the 20% threshold. The result comes off of a strong base of +10.8% for the same week last year. 57% of respondents reported positive LFL growth this week, of which 89% reported double or triple digit growth as compared to the same week last year.

Clothing, Footwear & Accessories

  • Joules have announced plans to open a 1754 sq. feet store at Intu Bromley by end of July 2016. (Source: Company Press Release)
  • Le Labo, the New York based perfume brand, have opened their flagship store at Seven Dials, London. (Source: Retail Bulletin)

le-labo-the-new-york-based-perfume-brand-have-opened-their-flagship-store-at-seven-dials-london

  • Lovisa, the Australian accessories firm, have also announced plans to open a 656 sq. ft. store at Intu Bromley in July 2016. (Source: Company Press Release)
  • Mint Velvet have opened their first standalone UK store at Bluewater. (Source: Retail Bulletin)

mint-velvet-have-opened-their-first-standalone-uk-store-at-bluewater

  • Missguided have launched a free returns policy and next-day delivery service in partnership with Doddle, the parcel delivery service. (Source: Retail Week)
  • Ritual Cosmetics have opened a new boutique in High Street Kensington, London. (Source: Evening Standard)
  • Skechers have announced plans to open a store at Intu Bromley. (Source: Drapers)
  • Yoox Net-a-Porter have announced plans to launch a Mr Porter own-brand menswear label as part of their five-year growth plan. (Source: Drapers)

Electrical & Entertainment

  • Dyson opened their first brick and mortar store on 6th July 2016 on Oxford Street, London. (Source: The Guardian)

dyson-opened-their-first-brick-and-mortar-store-on-6th-july-2016-on-oxford-street-london

Food & Drink

  • The Co-op have acquired six stores from My Local following My Local’s collapse into administration in June 2016. (Source: Retail Week)
  • Gin sales in the UK have broken the GBP1bn barrier, according to recently-released figures. (Source: Just Drinks)

gin-sales-in-the-uk-have-broken-the-gbp1bn-us1-34bn-barrier-according-to-recently-released-figures

  • Sainsbury’s have announced plans to end their joint venture with Dansk Supermarked Group and shut down Netto stores in the UK. The 16 trial stores will continue to trade throughout July 2016 before closing in August 2016. (Source: Telegraph)
  • Molson Coors has test-launched a new cider inspired by the Mexican street drink Tepache. (Source: Just Drinks)
  • Waitrose have announced plans to sell their own label products through British Corner Shop, the online store that delivers British food worldwide. (Source: Telegraph)
  • Westons has launched a range of craft ciders in cans, as it looks to add value to the category in the UK. (Source: Just Drinks)

According to the BRC-Nielsen Shop Price Index, overall shop prices reported deflation of 2.0% in June 2016, from a decline of 1.8% in May 2016. Non-food prices declined by 2.8%, for June 2016. Food deflation deepened further, falling to 0.8% in June 2016 from 0.3% in May 2016. Fresh food also decelerated further, falling to 1.5% in June 2016 form 0.8% in May 2016. Ambient food inflation decelerated to 0.1% in June 2016 from 0.4% in May 2016.

Household

  • JYSK, the furniture retailer, have announced plans to open 50 stores in Belgium by April 2017. (Source: Company Press Release)
  • Screwfix have launched a new guide to help tradespeople understand how to hire an apprentice, named ‘Your Guide to Hiring an Apprentice’. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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