Skip to content

#retailtrends #retailnews #Retail & #Brand trends for w/e 11th November 2016 #marketingweek #eventmagazine

November 14, 2016

Company Results

  • Booths have reported a 0.7% decrease in sales to £276.6mn for the year to 26 March 2016. (Source: Retail Week)
  • Burberry have reported a 4.0% decrease in sales to £1.1bn for the six months to 30 September 2016. Profit before tax decreased by 24.0% to £146.0mn for the same period.

burberry-have-reported-a-4-0-decrease-in-sales-to-1-1bn-for-the-six-months-to-30-september-2016

  • Furniture Village have reported a 12.4% increase in total orders to £265.0mn for the year to 27 March 2016. Like-for-like orders increased by 10.0% for the same period. (Source: Retail Week)
  • Halfords have reported a 6.3% increase in total revenue to £567.3m for the 26 weeks to 30 September 2016. Like-for-like revenue increased by 2.2% while retail sales increased by 6.8% for the same period.
  • M&S have reported a 0.9% increase in group sales to £4.9bn for the 26 weeks to 01 October 2016. Group pre-tax profit stood at £231.3m for the same period.
  • New Look have reported a 5.0% decrease in total group sales to £718.1m for the 26 weeks to 24 September 2015. Group like-for-like sales decreased by 8.4% while UK like-for-like sales decreased by 8.8% for the same period. Loss before tax stood at £0.9m.
  • Primark have reported a 9.0% increase in total sales to £5.9bn for the 53 weeks to 17 September 2016. Like-for-like sales decreased by 2.0% for the same period. (Source: Retail Week)
  • Sainsbury have reported a 1.8% increase in total group sales to £12.6bn for the 28 weeks to 24 September 2016. Profit before tax stood at £372.0m for the same period.
  • Supergroup have reported a 31.1% increase in group revenue to £334.0m for the 26 weeks to 29 October 2016. Retail revenue increased by 25.0% to £215.2m while wholesale revenue increased by 43.8% to 118.8m for the same period.

supergroup-have-reported-a-31-1-increase-in-group-revenue-to-334-0m-for-the-26-weeks-to-29-october-2016

Lifestyle LFLs were up by +3.17% off of a weak base of -3.7% for the same week last year. The result marked the seventh successive positive week for lifestyle and its highest result in four weeks. Gift and outdoor goods retailers continued to post positive results, as did department stores, while stationers and retailers of electrical goods posted predominantly negative LFL results this week.

Fashion posted its largest LFL rise since mid-January this week, up by +5.05% as a cold snap helped to drive in-store sales. However, the figure was coming off of a very weak base for the same week last year when LFLs were down by -6.6%. 70% of fashion respondents reported positive LFL growth this week, with 50% of those in double digit growth.

Homeware was the star performer this week, with LFL sales up by +15.65%, its strongest result in four weeks. The result was coming off of a base of +6.9% for the same week last year. The result was pushed north by strong performances from department stores boosting continued strong performances from furniture and soft furnishing retailers in a week where kitchenware retailers were struggling.

Non-store sales broke back through the 20% threshold this week, up by +20.31%, its highest result in four weeks. 66% of fashion respondents reported positive non-store growth, as compared to 82% of lifestyle respondents and 50% of homeware respondents.

Clothing, Footwear & Accessories

  • Farfetch have appointed Stephanie Phair as their new Chief Strategy Officer with immediate effect. (Source: Drapers)
  • Lee Wrangler have announced plans to open their first UK store at a 1900 sq. ft. site in LDO, London by 25 December 2016. (Source: Retail Bulletin)

lee-wrangler-have-announced-plans-to-open-their-first-uk-store-at-a-1900-sq-ft

  • Poundland have announced plans to trial Pep & Co. products in their stores as part of parent company Steinhoff’s move to launch their fashion offers through Poundland. (Source: Retail Bulletin)
  • Primark have opened a 37,000 sq. ft. store in Cornwall. (Source: Retail Bulletin)

Electrical & Entertainment

  • Amazon have announced plans to spread their Black Friday sales over two weeks. (Source: Guardian)
  • Maplin have announced plans to open a new 3,120 sq. ft. concept store at The Beehive Centre in Cambridge on 12 November 2016. (Source: Business Weekly)
  • The Entertainer have released a brochure to celebrate their first 35 years in business, having launched from a small toy shop in Amersham in 1981. (Source: Issuu.com)

Food & Drink

  • Sainsbury have appointed Kevin O’ Byrne as their new Chief Financial Officer with effect from 09 January 2017. (Source: Company Press Release)
  • The CEO of Coca-Cola European Partners (CCEP) has given more detail behind the company’s decision to extend the newly-reformulated Coca-Cola Zero brand to Europe.  (Source: Just Drinks)
  • Diageo is to roll out a GBP1.5m (US$1.9m) marketing campaign in the UK for its Bell’s blended Scotch whisky brand. (Source: Just Drinks)
  • Tesco have announced plans to slash the amount of sugar in their own-label soft drinks to escape the government’s sugar tax. (Source: Company Press Release)
  • Whittard have announced plans for the global expansion of their business. The company is in talks with potential partners to take their retail and Tea Bar format overseas. (Source: Retail Week)
  • Halewood Wines & Spirits has announced its Crabbie’s alcoholic ginger beer will partner Welsh rugby as it looks to strengthen the brand’s ties with the sport. (Source: Just Drinks)

crabbies-alcoholic-ginger-beer-will-partner-welsh-rugby

The BRC-KPMG Online Retail Sales Monitor, October 2016, has revealed that online sales of non-food products in the UK grew by 11.1% in October 2016, compared to a growth of 9.2% in October 2015. This is above the 3-month average of 9.3% and ahead of the 12-month average of 10.8%. New product launches in consumer electronics was the key driver of online growth. In the three months to October 2016, online sales of non-food products in the UK grew by 9.3% year-on-year. Over the same period, total non-food sales increased by 0.8%. Online sales represented 22.2% of total non-food sales in the UK in October 2016, against 21.1% in October 2015. This is the tenth consecutive month that the non-food online penetration rate has remained above 20%.

Household

  • Betta Living, the furniture retailer, have fallen into administration and applied to appoint an administrator on 04 November 2016.(Source: Retail Week)
  • B&Q have announced plans to launch their new design format to 10 stores and also launch a one hour click-and-collect service in 2017. (Source: Retail Week)
  • Evans Cycles have appointed Andy King as their new Chief Executive with immediate effect. (Source: Verdict)
  • John Lewis have launched a new Christmas campaign called “Buster the Boxer” featuring a hound, with The Wildlife Trust as their charity partner-. (Source: Telegraph)
  • Paperchase have announced plans to open two stand-alone stores in the US in 2017. (Source: Telegraph)
  • Shop Direct have launched an integrated conversational technology on Very’s mobile app to answer customer queries in real time. (Source: Retail Week)

Courtesy of ‘Barclays

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: