- All Saints have reported a 9.0% increase in sales to £252.5m for the year to 30 January 2016. Pre-tax profit increased by 18.0% to £28.5m for the same period. (Source: Retail Week)
- Conviviality have reported a 211.0% increase in revenue to £783.0m for the 26 weeks to 31 October 2016. Conviviality direct sales increased by 5.2% while Conviviality retail sales increased by 2.5% for the same period.
- Harrods have reported a 2.6% increase in turnover to £788.9m for the 52 weeks to 30 January 2016. Pre-tax profit increased by 18.7% to £168.0m for the same period. (Source: Retail Week)
- Morrisons have reported a 1.2% decrease in total sales (excluding fuel) for the 13 weeks to 30 October 2016. Like-for-like sales (excluding fuel) increased by 1.6% for the same period.
- Next PLC have reported a 0.4% increase in total sales for the year to 31 October 2016. Full price sales decreased by 1.5% for the same period.
- Pandora have reported 16.0% increase in UK sales for the Q316.
- Molson Coors has seen its bottom line benefit from easy comparatives in the year-to-date, but sales remain under pressure.
Lifestyle LFLs nudged into the positive this week, up by +0.5% off of a negative base of -2.9% for the same week last year. Retailers of electrical goods were hit particularly hard, while retailers of high end gifts and outdoor goods performed well. Stationers continued their challenging run in a week that for many was half-term, while department stores experienced mixed results.
Fashion dropped further back into the negative this week, down by -5.2% off of a strong base of +3.1% for the same week last year, when colder weather encouraged consumers to spend on winter ranges. The decline marked the worst result for fashion in five weeks, with 69% of respondents reporting negative LFL results.
Homewares remained the star performer, up by +9.5% off of a very strong base of +12.6% for the same week last year. Results were positive across the board, with the charge being led by department stores and furniture retailers.
Despite the continued weakness of the pound attracting an increase in overseas purchasers of high-end goods, non-store LFLs recorded a third week in succession below the 20% threshold. The result of +13.8% was coming off of a relatively low base of +14.8% for online sales seen last year and marked the lowest result in six weeks. Fashion fared better online with 64% of respondents reporting positive LFLs, while for lifestyle an impressive 85% of respondents were in positive territory followed by 80% for homewares.
Clothing, Footwear & Accessories
- Bravissimo have opened a new 5,000 sq. ft. store at Liverpool ONE. (Source: Retail Bulletin)
- Cath Kidston have appointed Marty Wilkstrom as their new Non-Executive Director with immediate effect. (Source: Drapers)
- Cath Kidston have also opened their first store in Delhi at Ambience Gurgaon, as part of their drive to expand in Asia. (Source: Verdict)
- Jigsaw have opened a new 4,000 sq. ft. Emporium store at Londons Piccadilly Centre. (Source: Company Press Release)
Barclays has launched The New Retail Reality report, which demonstrates the enduring role of the British high street. This is the first time we’ve released an interactive report which allows readers to explore additional information through augmented reality.
The research finds shoppers are now looking for a new form of high street that is more diverse and makes better use of technology, with two-thirds of shoppers still preferring to view valuable products in person before buying. As the retail sector prepares for the impact of Brexit, two thirds of the UK population want the government to prioritise the protection of British retailers and goods in Brexit negotiations.
Electrical & Entertainment
- The Entertainer have announced plans to open three concession stores within Debenhams in Cyprus by 31 December 2016. (Source: Retail Week)
Food & Drink
- Majestic Wines have launched a click and collect, and next day delivery service for 1,250 of their wines as part of their multi-channel drive to increase sales. (Source: Company Press Release)
- Lidl have opened their largest UK warehouse in Southampton near junction 2 of the M271, creating 400 jobs in the process. (Source: BBC News)
- Sainsburys have announced plans to launch contactless payments in majority of their convenience stores by Christmas 2016. (Source: Retail Week)
- Waitrose have announced plans to recruit over 5,000 people for temporary roles across the UK for Christmas to help with increased demand over the busy festive period. (Source: Company Press Release)
- Monster Beverage Corp is continuing to reap the benefits of its Coca-Cola Co minority stakeholding, with third-quarter sales and profits following their growth trajectory in the year so far. (Source: Just Drinks)
- The Coca-Cola Co has launched its sparkling Glaceau Smartwater variant in the UK. (Source: Just Drinks)
- Bunnings Warehouse, Australian household hardware retailer, have announced plans to open their first UK store in St. Albans by 15 February 2017. (Source: Retail Bulletin)
- John Lewis of Hungerford have appointed Gary OBrien as their new Chairman with immediate effect. (Source: Company Press Release)
Courtesy of ‘Barclays‘