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#retailtrends #retailnews #Retail & #Brand trends for w/e 21st October 2016 #marketingweek #eventmagazine

October 24, 2016

Company Results

  • Arla Foods, have reported a 14.0% decrease in sales to £2.5bn for the year to 31 December 2015. Pre-tax loss stood at £63.7m for the same period. (Source: Verdict)
  • ASOS have reported a 26.0% increase in group sales to £1.4bn for the year to 31 August 2016. Total retail sales increased by 26.0% to £1.4bn while UK retail sales increased by 27.0% to £603.8m for the same period. Profit before tax stood at £32.7m.

ASOS have reported a 26.0% increase in group sales to £1.4bn for the year to 31 August 2016..jpg

  • Burberry have reported a 4.0% decrease in total revenue (underlying basis) to £1.1bn for the six months to 30 September 2016. Retail revenue (underlying basis) increased by 2.0% to £859.0m while wholesale revenue (underlying basis) decreased by 14.0% to £287.0m for the same period.
  • Gear4music have reported a 73.0% increase in total sales to £21.6m for the six months to 31 August 2016. UK sales increased by 44.0% to £13.8m while profit before tax stood at £0.9m for the same period.
  • Hamleys have reported a 16.7% decrease in sales for the ten months to 31 December 2015. Pre-tax profit stood at £761,000 for the same period. (Source: Retail Week)
  • Hotel Chocolat have reported a 12.0% increase in sales to £91.1m for the year to 26 June 2016. Profit before tax stood at £8.2m for the same period.
  • Tesco have reported a 1.3% increase in total sales for the 12 weeks to 09 October 2016. (Source: Telegraph)

Lifestyle retailers celebrated another strong week, its fourth successive week of positive results, with LFL sales up +3.4%. Gift retailers and home accessories stores recorded upbeat results for the week while retailers of electrical goods and outdoor goods saw moderate declines.

After recording its first positive result in more than two months last week, fashion retailers continued to show improving sales with LFL sales up +0.1%. Though not as strong a result as last week, the result is more impressive as it comes of a similarly strong base of +0.15% for the same week last year. Higher end and designer fashion retailers had a particularly buoyant week with many reporting double digit LFL figures. With national high street footfall down -1.3% this week, it is not surprising to see that high street fashion retailers did not fare as well with the majority reporting year-on-year declines in sales.

Homewares continued its impressive trend of positive LFL figures with sales up +8%. Home accessories and furniture and soft furnishings retailers reported significantly upbeat results.

While non-store LFL sales did not break the 20% threshold this week, after two weeks o+20% sales, sales were positive at +16%. Homewares drove growth during the week though all three categories (including Lifestyle and Fashion) reported double digit LFL sales for the time since August 2016.

Clothing, Footwear & Accessories

  • GAP have announced plans to close down all Banana Republic stores in the UK by December 2016. (Source: Guardian)
  • M&S have launched their latest range of clothing, showcasing products entirely designed and manufactured in the UK. (Source: Verdict)
  • New Look have launched a new Autumn/Winter promotional campaign online and across more than 600 retail stores in the UK. (Source: Retail Bulletin)
  • Yoox Net-a-Porter Group have announced plans to open their new technology hub at White City Place in West London, in order to unify their UK technology teams in one location. (Source: Company Press Release)

Yoox Net-a-Porter Group have announced plans to open their new technology hub at White City Place in West London.jpg

Electrical & Entertainment

  • The Entertainer, toy retailer have launched their biggest ever Christmas TV campaign which debuted on 20 October 2016.(Source: Retail Bulletin)
  • Gear4music have announced plans to open their first European distribution hubs and showrooms as they look to counteract the impact of Brexit. (Source: Retail Week)
  • Sainsbury have announced plans to introduce vinyl records into 67 more stores across the UK on 14 October 2016, after the success of vinyl records in some of their stores in March 2016. (Source: Company Press Release)

The IMRG Capgemini eRetail Sales Index has revealed online sales growth of 16% y-o-y in September 2016, which was the highest quarterly growth since Q1 2014. The warm weather in September presented a challenge for fashion retailers as they started promoting their autumn and winter ranges. Despite this, sales growth for the clothing sector stood at 15%, although this was the lowest y-o-y growth for this sector since April 2016. The home and garden sector also continued its trend of improved performance, growing by 21% y-o-y in September 2016 and marking 11 consecutive months of positive growth. The prolonged period of warm weather over late summer may have contributed to the sector recording 24% growth year-to-date, compared to a decline of ­5% over the same period in 2015.

Food & Drink

  • Graze, the UK snack maker which started as an online subscription service, have announced plans to expand into at least 3,500 US stores through Boots’ sister chain Walgreens. (Source: Guardian)

graze-the-uk-snack-maker-which-started-as-an-online-subscription-service

  • Ocado have announced plans to sell Japanese desserts in collaboration with Little Moons, a British firm that makes Japanese desserts. (Source: Telegraph)
  • China has moved past the US to become Australia’s top export destination for wine. (Source: Just Drinks)
  • Conviviality Group has lined up price increases in the UK across its Bibendum PLB and Matthew Clark businesses, as the falling Pound starts to squeeze margins. (Source: Just Drinks)
  • Edrington is set to run two television adverts for its The Famous Grouse blended Scotch brand in the UK and, for the first time, Sweden. (Source: Just Drinks)

Household

  • BHS.com have launched their second Christmas range following the roll out of the first wave of products at the start of October 2016. (Source: Retail Bulletin)
  • JD Sports have announced plans to open a 5,813 sq. ft. store Westway Cross Shopping Park, Greenford. (Source: Retail Bulletin)
  • John Lewis have opened a 255,000 sq. ft. store at the Hammerson’s Victoria Gate Development, Leeds. (Source: Company Press Release)
  • Ocado have deployed their new machine learning enhanced contact centre which employs an advanced artificial intelligence software model to categorize customers’ emails. (Source: Company Press Release)

ocado-have-deployed-their-new-machine-learning-enhanced-contact-centre-which-employs-an-advanced-artificial-intelligence-software-model-to-categorize-customers%c2%92-emails

  • Tesco have launched a price-checking initiative on a range of toys. The initiative will price-check against Argos on a regular basis, to ensure customers benefit from market-leading prices both in store and online. (Source: Company Press Release)
  • Wickes have launched ‘Wickes Hourly’ delivery service where customers can choose one-hour time slots for their deliveries. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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