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@KimBhasin @Polly #retailtrends #retailnews #Retail & #Brand trends for w/e 14th October 2016 #marketingweek #eventmagazine

October 17, 2016

Company Results

  • Booker Group have reported a 13.0% increase in sales to £2.5bn for the 24 weeks to 09 September 2016. Profit before tax stood at £81.0m for the same period.
  • Findel have reported a 12.0% increase in total sales for the 27 weeks to 30 September 2016. Like-for-like sales increased by 6.0% for the same period. (Source: Retail Bulletin)
  • GAME Digital have reported a 6.2% decrease in total sales to £813.1m for the 52 weeks to 23 July 2016. Profit before tax stood at £4.1m for the same period.
  • Kurt Geiger have reported an 11.8% increase in sales to £281.6m for the year to 31 December 2015. Profit before tax was reported at £22.8m for the same period. (Source: Retail Week)

kurt-geiger-have-reported-an-11-8-increase-in-sales-to-281-6m-for-the-year-to-31-december-2015

  • Matalan have reported a 6.2% decrease in total sales (including exceptional items) to £245.5m for the 13 weeks to 27 August 2016. Loss before tax stood at £1.6m for the same period.
  • Mountain Warehouse have reported a 29.5% increase in sales to £76.8m for the six months to 30 August 2016. Pre-tax profits stood at £0.3m for the same period. (Source: Retail Week)
  • N Brown Group have reported a 1.0% increase in total group revenue to £429.4m for the 26 weeks to 27 August 2016. Statutory profit before tax stood at £21.1m for the same period.
  • Oliver Bonas, the homeware, fashion and gift retailer, have reported a 28.0% increase in total sales to £42.6m for the 13 months to 31 December 2015. Pre-tax profit stood at £5.2m for the same period. (Source: Retail Week)

oliver-bonas-the-homeware-fashion-and-gift-retailer-have-reported-a-28-0-increase-in-total-sales-to-42-6m-for-the-13-months-to-31-december-2015

 

  • Ted Baker have reported a 14.4% increase in group revenue to £259.5m for the 28 weeks to 13 August 2016. Profit before tax stood at £21.5m for the same period.
  • Vertu Motors have reported a 17.7% increase in sales to £1.4bn for the six months to 31 August 2016. Profit before tax stood at £18.7m for the same period.
  • WH Smith have reported an 8.0% increase in group pre-tax profit to £131.0m for the year to 31 August 2016. Total group sales increased by 3.0% to £1.2bn while group like-for-like sales increased by 1.0% for the same period.

Lifestyle like-for-likes were up by +4.9% this week off of a negative base of -2.6% for the same week last year. Posting its third positive week in succession, lifestyle had its strongest week since June. The result was boosted by continuing strong sales of outdoor goods and gift items, but also by improved results for retailers of electrical goods.

Fashion LFLs were up by +2.0% this week, its first positive result for bricks-and-mortar sales in ten weeks. However, the result was coming off of a weak base of -4.6% for the same week last year when fashion sales plunged. 60% of respondents reported positive sales growth this week.

Homeware LFLs were up by an impressive +18.8%, its best performance in eight weeks and its eleventh positive week in a row. Furniture and soft furnishing retailers and depart stores all saw strong results, while kitchenware retailers struggled.

Non-store LFLs crashed through the 20% threshold again this week, up by a healthy +26.2%. Fashion saw healthy overall online sales this week, with 79% of respondents reporting positive LFLs, of which 74% saw double or even triple digit growth. Meanwhile, 83% of lifestyle respondents reported positive online growth, and 60% of homeware respondents.

Clothing, Footwear & Accessories

  • BHS.com, have announced plans to start selling their fashion offering across men’s, women’s and children’s wear segments on 28 October 2016. (Source: Retail Bulletin)
  • N Brown Group have appointed Richard Moross as their new non-executive director with effect from 06 October 2016. (Source: Company Press Release)

The BRC-KPMG Online Retail Sales Monitor, September 2016, has revealed that online sales of non-food products in the UK grew by 10.2% in September 2016, compared to a growth of 14.2% in September 2015. This is above the 3-month average of 9.3% and in line with the 12-month average of 10.7%. In the three months to September 2016, online sales of non-food products in the UK grew by 9.3% year-on-year. Over the same period, store sales declined by 1.6% on a total basis and 1.9% on a like-for-like basis. Online sales represented 21.1% of total non-food sales in the UK in September 2016, against 19.8% in September 2015. This makes September 2016 the tenth consecutive month that the non-food online penetration rate has remained above 20.0%.

Electrical & Entertainment

  • GAME Digital have also launched their first in-store gaming centre in Trafford Centre, Manchester and have announced plans to open total 10 in-store gaming arenas and standalone gaming venues before Christmas 2016. (Source: Company Press Release)
  • Playmobil, the manufacturer of preschool toys, have joined forces with independent retailers across the UK to launch a loyalty card scheme that will be valid till 31 December 2016. (Source: Retail Bulletin)

The WINNERS and LOSERS of the Subscription Box market: Do we really need 2,000 Subscription Box Services: Article penned by Polly Mosendz & Kim Bhasin for Bloomberg. Click HERE

meebox

Food & Drink

    • Iceland have opened a new format store focussing on food and warehouse at their Clapham branch, London. (Source: Retail Week)
    • Lidl UK have announced that Martin Bailie, their new Chief Operating Officer has stepped down with immediate effect. (Source: Company Press Release)
    • Sainsbury’s have announced plans to pilot Argos pop-up stores as part of their drive to increase awareness of the brand among the grocer’s customer base. (Source: Company Press Release)
    • A group of UK entrepreneurs, headed up by a former Britvic senior executive, has relaunched Hofmeister in the country, 13 years after the beer brand was withdrawn. (Source: Just Drinks)
    • Bacardi is to tour a new “immersive” marketing campaign for its Bombay Sapphire gin brand, around six European cities. (Source: Just Drinks)

bacardi-is-to-tour-a-new-%22immersive%22-marketing-campaign-for-its-bombay-sapphire

Household

  • BHS.com have announced plans to launch the first of their two Christmas ranges as part of a planned roll-out of new product ranges. (Source: Retail Bulletin)
  • Holland & Barrett have appointed Martin Moran as their Chief Commercial officer with immediate effect. Also, the retailer have appointed Andy Torance as their new Chief Operating Officer. (Source: Retail Week)
  • Sports Direct have announced that Matt Pearson will step down as their Chief Financial Officer with effect from 31 December 2016. (Source: Company Press Release)
  • Wickes have become the first DIY retailer in the UK to offer online shoppers the ability to select a one-hour window for their DIY deliveries. (Source: Company Press Release)

Courtesy of ‘Barclays

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