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#retailtrends #retailnews #Retail & #Brand trends for w/e 30th September 2016 #marketingweek #eventmagazine

October 3, 2016

Company Results

Boohoo.com have reported a 40% increase in revenue to £127.3m for the six months to 31 August 2016. UK sales increased by 38% and profit before tax stood at £14.3m for the same period.

boohoo-com-have-reported-a-40-increase-in-revenue-to-127-3m-for-the-six-months-to-31-august-2016

Card Factory have reported an 4.8% increase in revenue to £169.2m for the six months to 31 July 2016. Like-for-like sales increased by 0.2% while profit before tax stood at £27.6m for the same period.

The Co-operative Group reported an increase of 2.2% in sales to £4.7bn for the 26 weeks to 02 July 2016. Food like-for-like sales increased by 3.1% and profit before tax stood at £17.0m for the same period.

House of Fraser have reported flat sales with a gross transaction value of £573.5m for the 26 weeks to 30 July 2016. Online like-for-like sales increased by 17.8% for the same period.

Moss Bros have reported a 4.1% increase in total sales to £63.8m for the six months to 30 July 2016. Like-for-like sales increased by 4.9% and pre-tax profit increased by 30.0% to £3.7m for the same period. (Source: Retail Bulletin)

Sainsbury’s have reported a 0.4% increase in total retail sales (excl. fuel) for the 16 weeks to 24 September 2016. Like-for-like retail sales (excl. fuel) decreased by 1.1% for the same period.

Wyevale Garden Center have reported a 7% increase in sales to £311.1m for the year to 27 December 2015.

Like-for-like sales of lifestyle goods were up by +0.64% this week off of a positive base of +2.9% for the same week last year. Autumn weather saw retailers of outdoor goods performing well with positive results also seen from retailers of stationary and high end gift retailers.

Fashion LFLs were down by -8.06%, the second week in a row that store LFLs had dropped into the vicinity of -8%. 79% of all respondents reported negative LFLs this week, of which 43% reported double digit declines.

Homeware was again the star performer this week, continuing its positive run and posting its ninth positive week in succession. While LFL sales of homeware goods were up by +1.40% this week, the result was coming off of a weak base of -2.7% for the same week last year when retailers of soft furnishings saw declines in sales. This week the deepest declines were seen amongst department stores and retailers of furniture.

Non-store LFL sales bounced back from their dip into the negative last week, up by +13.37%. However, the result was still well below the 20% threshold and irrespective of the general trend of consumers switching to online buying, discount savvy consumers have made less purchase online in the last two weeks. 38% of fashion retailers reported negative online growth, as compared to 31% of lifestyle retailers and 20% of homeware retailers.

Clothing, Footwear & Accessories

Cath Kidston have announced plans to open a new store at Intu shopping center, Derby by 06 October 2016. (Source: Company Press Release)

East, the women’s clothing retailer, have announced that Suzi Spink will step down as their Chief Executive Officer with immediate effect. (Source: Retail Week)

Fat Face have announced plans to launch a ‘price promise’ by 16 Novemebr 2016 to reassure its customers it will not slash prices in the build-up to the Christmas period.. (Source: Drapers)

Jaeger have announced plans to open a new 2,000 sq. ft. store in Marylebone High Street in London by October 2016. (Source: Verdict)

jaeger-have-announced-plans-to-open-a-new-2000-sq-ft-store-in-marylebone-high-street-in-london

Joules have announced plans to open a new store at the new Victoria Gate shopping centre in Leeds by October 2016. (Source: Retail Bulletin)

Karen Millen have announced plans to partner with tech firms to assist customers at their pop-up store, Nexpo. (Source: Retail Week)

Moss Bros have announced plans to open a new store at the Cornhill Quarter in Lincoln. (Source: Company Press Release)

Mr. Porter, online luxury fashion retailer, have launched a new shoppable app, exclusively available on Apple TV. (Source: Retail Bulletin)

mr-porter-online-luxury-fashion-retailer-have-launched-a-new-shoppable-app

Pep&Co have announced that they have chosen Coulby Newham, Edmonton, Rugby, North Point shopping centre in Hull, Port Talbot and Northfield in Birmingham as locations for their next phase of expansion. (Source: Retail Week)

Topshop have announced plans to open their first German stores in Berlin and Dusseldorf by November 2016. (Source: Drapers)

Electrical & Entertainment

Amazon have launched ‘Handmade’, a marketplace showcasing over 30,000 unique products handcrafted by over 1,000 artisans from the UK and across Europe. (Source: Retail Bulletin)

Food & Drink

Aldi have announced plans to invest £300m to revamp their UK and Ireland stores. (Source: Reuters)

Lidl UK have announced plans to ban the sale of 5p disposable plastic bags to demonstrate their commitment to reducing unnecessary plastic waste. The 5 p plastic bag would be replaced by a 9p thicker re-usable plastic bag. (Source: Telegraph)

M&S have today announced a partnership with British Airways to offer their customers the option to purchase a premium food range on short-haul flights. (Source: Company Press Release)

East London Liquor Co has announced a collaborative distillation project with Sonoma County Distilling Co to produce a wheat whisky. (Source: Just Drinks)

Sainsburys have announced the trial launch of a one-hour grocery delivery service by bicycle in London via their IOS Chop Chop app. (Source: Company Press Release)

A Carlsberg ad featuring former England footballer Stuart Pearce delivering beer to building site workers has been banned in the UK because it showed “unsafe” behaviour. (Source: Just Drinks)

carlsberg-ad-featuring-former-england-footballer-stuart-pearce-delivering-beer-to-building-site

Household

BHS have announced plans to re-launch in the UK as an online retailer after they shut down high street shops in August 2016. (Source: Telegraph)

Halfords have announced plans to extend their e-bike range after an increase in sales. (Source: Verdict)

John Lewis have opened a new 90000 sq. ft. store in Chelmsford, making it the retailer’s first ever branch in Essex. (Source: Company Press Release)

john-lewis-have-opened-a-new-90000-sq-ft-store-in-chelmsford-making-it-the-retailers-first-ever-branch-in-essex

Pets at Home have announced that Mike Iddon will be their new Chief Financial Officer with effect from 17 October 2016. (Source: Reuters)

Sports Direct have announced that David Forsey will step down as their Chief Executive Officer and Director with immediate effect. He will be succeeded by Mike Ashley. (Source: Company Press Release)

Courtesy of ‘Barclays

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