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#retailtrends #retailnews #Retail & #Brand trends for w/e 7th October 2016 #marketingweek #eventmagazine

October 10, 2016

Company Results

  • Arnold Clark have reported a 2.2% increase in group sales to £3.4bn for the year 2015. Pre-tax profit stood at £110.4m for the same period. (Source: Motor Trader)
  • DFS have reported a 7.4% increase in group gross sales to £980.4m for the 52 weeks to 30 July 2016. Profit before tax stood at £64.5m for the same period.
  • Dunelm have reported a 1.8% decrease in sales to £198.7m for the 13 weeks to 01 October 2016. Like-for-like sales decreased by 3.8% for the same period.
  • Greggs have reported a 5.6% increase in total sales for 13 weeks to 01 October 2016. Company managed shops’ like-for-like sales increased by 2.8% for the same period.
  • HMV Retail have reported a 11.2% decrease in sales to £325.0m for the year to 02 January 2016. (Source: Guardian)

hmv-retail-have-reported-a-11-2-decrease-in-sales-to-325-0m

  • Lakeland have reported a 1.8% increase in turnover to £178.8m for the year to 31 December 2015. Pre-tax profit decreased by 40.0% to £3.3m for the same period. (Source: Retail Week)
  • OKA, the upmarket furniture retailer, have reported a 12.0% increase in sales to £23.8m for the 52 weeks to 23 January 2016. (Source: Retail Week)
  • Pretty Green have reported a 31.0% increase in sales to £19.8m for the year to 30 September 2015. Retail sales increased by 24.0% and wholesale sales increased by 50.0% for the same period. (Source: Retail Week)

pretty-green-have-reported-a-31-0-increase-in-sales-to-19-8m-for-the-year-to-30-september-2015

  • ScS have reported a 14.5% increase in total gross sales to £334.7m for the 53 weeks to 30 July 2016. Profit before tax stood at £11.0m for the same period.
  • Tesco have reported a 3.0% increase in group sales (exc. VAT, exc. fuel) to £24.4bn for the six months to 27 August 2016, while UK like-for-like sales increased by 0.6%. Profit before tax stood at £71.0m for the same period.
  • Topps Tiles have reported a 1.4% increase in like-for-like sales for the 13 weeks to 01 October 2016

Sales of lifestyle goods was up by +1.0%, its second positive week in succession. While department stores and retailers of electronic goods struggled this week, strong growth was reported by retailers of outdoor goods and many gift retailers continued their positive run.

Fashion like-for-likes were down by -0.3% from a base of +1.4% for the same week last year. 43% of respondents reported positive growth this week, with a handful of strong performances ensuring only a marginal decline.

Homeware was up by +12.8% this week off of a base of +8.3% for the same week last year. Despite a difficult week for the sales of homeware goods by department stores, strong sales from amongst some retailers of furniture and soft furnishings boosted the result.

Non-store LFL sales performed strongly this week, up by +28.1%, and well north of the +20% threshold. The growth is notable following the negative result seen two weeks ago. Fashion performed strongly online with 80% of respondents reporting positive LFL growth. Meanwhile, 64% of lifestyle respondents and 67% of homeware respondents reported positive non-store growth.

Clothing, Footwear & Accessories

  • Mothercare have announced plans to roll out their endless aisle technology in China, after a successful trial in Ireland. The technology allows the retailer to accept ecommerce orders in-store. (Source: Retail Bulletin)
  • Next have announced that Jonathan Bewes will be their new non-executive director with effect from 03 October 2016. (Source: Company Press Release)
  • Next have acquired the former BHS store located in Newcastle’s Intu Metrocentre, to open an 85,000 sq. ft. site for the fashion retailer. (Source: Company Press Release)
  • Victoria’s Secret have opened a 10,000 sq. ft. store in Grand Arcade, Cardiff. (Source: Drapers)

victoria%c2%92s-secret-have-opened-a-10000-sq-ft-store-in-grand-arcade-cardiff

  • Clarks’ have appointed Mike Shearwood as their new Chief Executive with immediate effect. (Source: Telegraph)
  • Debenhams have announced plans to launch six concession stores for Australian athleisure brand, Lorna Jane in October 2016. (Source: Drapers)
  • Jack Wolfskin, the German outdoor clothing and equipment brand, have opened a new store on Liverpool ONE’s Paradise Street. (Source: Retail Bulletin)
  • Jaeger have announced plans to open a new store at Marylebone high street, London by October 2016. (Source: Drapers)
  • Missguided, the fashion etailer, have launched a cosmetics range, targeted at their core millennial customers. (Source: Retail Week)

Electrical & Entertainment

  • Amazon have announced plans to open a new distribution centre in Daventry, Central England, creating 300 jobs in the process. (Source: Reuters)
  • Hamleys have opened a 7000 sq. ft. flagship store in Nanjing, China. The retailer has also announced plans to open a new store in Resort World, Birmingham. (Source: Retail Bulletin)
  • Ryman stationery business have acquired London Graphic Centre, the art and design materials specialist. (Source: Retail Week)

Food & Drink

  • Euro Garages, the forecourt operator, have announced plans to merge with continental counterpart EFR. The merged entity will have Tony DeNunzio as their chairman. (Source: Company Press Release)
  • Diageo’s Johnnie Walker and Smirnoff have continued their slide down a list of the world’s most valuable brands. (Source: Just Drinks)

diageos-johnnie-walker-and-smirnoff

  • Waitrose have re-launched their Heston range of products by teaming up with celebrity chef Heston Blumenthal to produce ten new products such as parfaits and brioche buns. (Source: Company Press Release)
  • Revived Irish whiskey brand Kinahan’s is to launch in the UK following an export début in the US.

Revived Irish whiskey brand Kinahan’s is to launch in the UK following an export début in the US..JPG

Household

  • Cath Kidston have announced that their Chairman Paul Mason has stepped down with immediate effect. The company has been sold to private equity firm Baring Asia. (Source: Telegraph)
  • Long Tall Sally have created a new mannequin prototype modelled on a real customer using 3D body scans. (Source: Telegraph)

long-tall-sally-have-created-a-new-mannequin-prototype-modelled-on-a-real-customer-using-3d-body-scans

  • The Cotswold Company, the online furniture retailer, have been acquired by private equity company True Capital. (Source: Telegraph)
  • Made.com have rolled out a search tool that will allow shoppers to find items on their website using visuals rather than search terms. (Source: Retail Week)
  • Mothercare have launched a new brand proposition called ‘Welcome to the Club’ which aims to connect new parents and build supportive networks for them. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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