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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 9th December 2016 #marketingweek

December 12, 2016

Company Results

  • Fortnum & Mason have reported an increase of 12.0% in sales to £98.7m for the year to 31 July 2016.
  • John Lewis of Hungerford have reported a 4.9% increase in sales to £8.2m for the year ended 31 August 2016.
  • Joules have reported a 16.2% increase in sales to £81.4m for the 26 weeks to 27 November 2016. Retail sales increased by 15.8% while wholesale sales increased by 17.2% for the same period.
  • Marriott Motor Group have reported an increase of 3.3% in sales to £160.5m for the year to 31 December 2015. Profit before tax stood at £0.2m for the same period.
  • Mulberry have reported a 10.0% increase in total revenue to £74.5m for the six months to 30 September 2016. Retail revenue increased by 10.0% while wholesale revenue increased by10.0% for the same period.

georgia may jagger stars in the latest mulberry campaign

  • Ocado have reported an increase of 14.5% in gross group sales to £436.8m for the 16 weeks to 27 November 2016. Gross retail sales increased by 13.1% for the same period.
  • Sports Direct have reported a 4.2% increase in group sales to £1.6bn for the 26 weeks to 23 October 2016. Profit before tax stood at £140.2m for the same period.

Lifestyle had a very poor week, with LFLs down by -4.1% off of an already negative base of -6.42% for the same week last year. The result was its worst since June and strong performances from retailers of outdoor goods and some high end gift retailers was not enough to stop the rot this week.

Despite seeing the smallest decline, fashion also had a dismal week in-store with LFLs down by -1.5%. However, the negative result was coming off of a very weak base of -7.9% last year. In a week when 51% of respondents recorded negative in-store growth, there were glimmers of positivity, particularly amongst the more niche fashion brands.

Homeware LFLs were also down this week by -3.2%, but off of a very strong base of +22.8% last year. This was the first week in which homeware had dropped into the negative since July. This week finally saw sales for some furniture and home furnishing retailers stall or fall into the negative, while kitchenware continued to struggle.

Non-store LFLs saw muted growth of +9.0% this week as any positive impact of Cyber Monday trading was decidedly absent. The growth was coming off of a fairly muted base of +11.7% for the same week last year. Instances of strong growth and heavy losses were equally evident for online sales this week, resulting in a clear line between winners and losers. Fashion fared better online, with 66% of respondents reporting positive growth, while it was 67% for lifestyle and 50% for homeware retailers respectively.

Clothing, Footwear & Accessories

  • Missguided have appointed Arslan Sharif as their new Chief Customer Officer with immediate effect. (Source: Retail Week)
  • Dr Martens is planning to open 100 new stores and shop-in-shops over the next five years, after opening 11 own stores and nine shop-in-shops in the year to 31 March.
  • Canadian yogawear brand Lululemon has reported better-than-expected quarterly profits, helped by higher sales, City AM reports. (Source: Drapers)
(Image: Lululemon/Facebook)
Electrical & Entertainment  

 

  • Amazon have launched a new music streaming service under which, Users with the Amazon Echo smart speaker will now be able to stream different songs in each room, with more than 40 million tracks available. (Source: The Daily Mail)

amazon-echo-full

  • AO.com have announced a partnership with CollectPlus to allow customers to pick up AO goods from any of the CollectPlus’s UK stores. (Source: Company Press Release)
  • Currys PC World have launched a new Christmas social campaign called ‘Giftologist’ as they plan to target shoppers that go online for gift inspiration. (Source: Retail Bulletin)

Food & Drink

  • Kraft Heinz have announced plans to open a 39,000 sq. ft. new European headquarters in London. (Source: Telegraph)
  • Lidl have opened a new store at South Road, Bourne, Lincolnshire on 08 December 2016 offering 30.0% off on selected meat, poultry & fish for the first week of its opening. (Source: Lincolnshire Live)
  • Molson Coors has appointed Phil Whitehead to the role of managing director for UK & Ireland. (Source: Just Drinks)
  • Pernod Ricard‘s UK unit has rolled out an online cocktail coach as it looks to capitalise on seasonal drinking. (Source: Just Drinks)

The BRC-KPMG Online Retail Sales Monitor, November 2016, has revealed that online sales of non-food products in the UK grew by 10.9% in November 2016, compared to a growth of 11.8% in November 2015. This is above the 3-month average of 10.7% and ahead of the 12-month average of 10.8%. In the three months to November 2016, online sales of non-food products in the UK grew by 10.7% year-on-year. Over the same period, total non-food sales increased by 1.7%. Online sales represented 27.6% of total non-food sales in the UK in November 2016, against 25.3% in November 2015. This is the highest non-food penetration rate on record, and the eleventh consecutive month that the rate has remained above 20%.

Household

  • The Co-op have announced plans to sell their stake in their joint travel business to Thomas Cook. (Source: Telegraph)
  • Morrisons have announced plans to join rival supermarkets in the housing business with plans to build 700 homes as part of the redevelopment of its Camden store in north London. (Source: Guardian)
  • Neptune, handmade furniture retailer have announced plans to open five new stores in London as part of their on-going plans for expansion in the city. (Source: Retail Bulletin)

Courtesy of ‘Barclays

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