AO.Com have reported a 22.9% increase in total revenue to £324.7m for the six months to 30 September 2016. UK revenue increased by 18.7% for the same period.
Bonmarche have reported a 4.0% decrease in sales to £93.1m for the 26 weeks to 24 September 2016. Profit before tax stood at £2.5m for the same period.
John Lewis has said customers rushed to the department store’s website on Friday morning, making five orders every second.
Cambria Automobiles have reported a 17.3% increase in revenue to £614.2m for the year to 31 August 2016. Profit before tax stood at £11.8m for the same period
Kingfisher have reported a 11.5% increase in total sales £2.9bn for the three months to 31 October 2016. UK & Ireland sales increased by 2.8% for the same period.
Mothercare have reported a 0.6% decrease in total group sales to £347.7m for the 28 weeks to 08 October 2016. Total UK sales decreased by 2.3% to £231.2m and profit before tax stood at £5.9m for the same period.
Pets at home have reported a 9.1% increase to £404.5m for the 28 weeks to 13 October 2016. Profit before tax increased by 3.9% to £45.2m for the same period.
Lifestyle LFLs were up by +1.14% this week off of a very weak base of -5.6% for the same week last year. Lifestyle has been positive for eight of the last nine weeks, dropping into the negative last week. This weeks result saw 56% of lifestyle respondents reporting positive results.
Fashion LFLs were down by -0.80% this week off of a weak base of -4.6% for the same week last year. The disappointing result saw only 38% of respondents reporting positive in-store sales growth in a week hit by poor footfall. Retailers will be hoping that Black Friday momentum will significantly lift sales next week.
Homeware LFLs were up by +6.83% off of a positive base of +3.8% for the same week last year. The positive result was down on the double digit growth seen in the previous two weeks as sales of kitchenware, furniture and home furnishings saw better online growth than in store.
Non-store LFLs were up by +19.47% this week, tantalisingly close to the +20% threshold. The positive performance was coming off of a strong base of +19.6% for the same week last year and demonstrated that pre-Black Friday bargain hunting and consumer appetite were evident online this week. A healthy 74% of fashion respondents saw positive non-store growth this week and 73% of those were reporting double or even triple digit growth. Meanwhile 75% of lifestyle respondents saw positive non-store growth this week, followed by 67% of homeware respondents.
Clothing, Footwear & Accessories
Austin Reed have announced plans to return to the high street with 50 new stores, the first of which will be operational by December 2017. (Source: BBC News)
Agent Provocateur has launched a ‘Ménage à Trois’ Whatsapp chat feature to allow couples to shop with its agents. (Source: Retail Week)
JD Sports have announced plans to open a new megastore in the West One shopping centre at Oxford Street on 10 December 2016. (Source: Verdict)
Schuh have announced plans to open a 1,000sq. ft. dedicated kids store at Bluewater shopping center by 30 November 2016. (Source: Retail Bulletin)
Missguided founder chief executive Nitin Passi is to launch new menswear label Mennace for spring 17. (Source: Drapers)
Electrical & Entertainment
Smiggle, have announced plans to open 200 stores across the UK in the next two years, despite concerns that Brexit could slow consumer spending. (Source: Telegraph)
Barclays Christmas research this year has revealed that retailers are optimistic that they will achieve a positive result in their biggest sales period, with 63.2% of retailers anticipating increased revenues over this Christmas season.
The positive findings are a timely boost to the industry. Despite speculation that the EU referendum vote might pose challenges for the vital end of year period, 63% of retailers predicted that Brexit will have no impact on Christmas spending this year.
When asked what factors they expected to have a positive impact on consumer spending, more than two fifths (42%) cited more shoppers staying in the UK this Christmas as a potential boost to sales, perhaps in part due to the current value of sterling. The weaker pound is also expected to provide a further sales opportunity for UK retailers from overseas tourists and online orders from abroad.
Food & Drink
Morrisons have announced plans to pilot 10 convenience stores at petrol station locations after unveiling a partnership with forecourt operator Rontec. The grocer has also announced plans to revive the food and grocery brand Safeway. (Source: Telegraph)
UK have launched a Social price drop initiative that will allow lower prices for products that are most talked about on Twitter. (Source: Retail Week)
Ocado have expanded the 4G wireless network in their automated warehouses to allow their fleet of pick-and-pack robots to communicate more effectively. (Source: Retail Week)
Tesco have announced plans to open more Arcadia and Holland & Barrett concessions in stores in a bid to profit from excess store space. (Source: Drapers)
UK soft drinks producer Frobishers has launched a range of cordials in the country’s off-premise, as the company looks to broaden its market. (Source: Just Drinks)
Hema, Dutch retail giant have announced plans to open between 15 to 20 stores in the UK. (Source: Telegraph)
Pets at Home have announced that Brian Carroll has stepped down as their Non-Executive Director with immediate effect. (Source: Retail Bulletin)