Cambria Automobiles Plc have reported a 17.2% increase in sales to £614.2m for the year to 31 August 2016. Profit before tax stood at £11.8m for the same period.
Carpetright reported a 42.2% decrease in pre-tax profit to £4.1m for the six months to 29 October 2016. (Source: Retail Bulletin)
Dixons Carphone have reported a 11.0% increase in group headline sales, to £4.8bn for the 26 weeks to 29 October 2016. Profit before tax increased by 19.0% to £144.0m for the same period.
Victoria Plum have reported a 3.0% decrease in sales to £70.3m for the year to 29 February 2016.
Lifestyle LFLs were down by -1.37% off of a base of -6.8% for the same week last year. This was the third negative week in succession for lifestyle and it has been in the negative in four of the last five weeks. Stationers continued to struggle, as did lower ticket gift retailers and some jewellers. However, some growth was evident for high end gift retailers and retailers of outdoor goods, such as bicycles, in the run up to Christmas.
Fashion was the poorest performing sector this week, with LFLs down by -4.40% off of an already very weak base of -7.7% last year. This was the fourth negative week in a row for fashion and the worst of those four. 61% of respondents reported negative LFLs for in-store sales this week, with some positive results seen for some designer brands and larger fashion chains.
Homeware was the star performer this week with strong LFL growth of +8.07% off of a positive base of +17.2%. Despite a weaker performance from some department stores, furniture retailers and retailers of kitchenware, the strong growth of those furniture and soft furnishings retailers performing very well boosted the overall result this week.
Non-store LFLs were up by +17.01% this week, below the +20% threshold and off of a poor base of -5.2% last year. Individual results were very mixed throughout the sample with some fashion and furniture retailers seeing very strong growth, while others fell just as far into the negative. Overall, retailers saw more positive LFLs online. 59% of fashion respondents reported positive results, as compared to 82% of lifestyle respondents and 75% of homeware respondents.
Clothing, Footwear & Accessories
Asos have announced plans to recruit an extra 1,500 staff for their London headquarters and expand their office facilities. (Source: Guardian)
Boohoo have announced plans to acquire a 66.0% stake in Pretty Little Things. The transaction is expected to compliment the Groups presence in both the UK and internationally. (Source: Retail Bulletin)
Estee Lauder have opened a new pop-up beauty concept store called No. 6 Mortimer, in London, which allows customers to choose from pre-picked gift boxes, or create a bespoke box for themselves. (Source: Retail Week)
M&S have announced that Robert Swannell will retire as their Chairman in 2017, though the exact date for his step down has not been announced. (Source: Company Press Release)
Mothercare have appointed Kevin Rusling as their new Managing Director for their international business. (Source: Drapers)
Oui, German womens wear brand have announced plans to open 10 franchise stores in the UK in 2017. (Source: Drapers)
Urban Decay have opened a new 1,000 sq. ft. boutique at the Liverpool ONE shopping destination. (Source: Retail Bulletin)
Adidas released a limited number of 3D printed trainers on 15 December, in London, New York and Tokyo. (Source: Drapers)
Electrical & Entertainment
Amazon have made their first commercial delivery using a drone in the UK. The package arrived safely at its destination in Cambridge, 13 minutes after being ordered. (Source: BBC News)
Foyles have launched a new stationery range, which will be manufactured in the UK from sustainable materials. (Source: The Bookseller)
Food & Drink
Conviviality Retail have acquired KMD Enterprises Ltd, which owns a portfolio of 15 convenience stores in the south-east of England. (Source: Verdict)
Tesco have announced plans to create new dedicated alcohol-free and low alcohol sections in their super markets. (Source: Retail Bulletin)
London-based delivery service Just Eat announced that it has agreed to acquire fellow UK-based food ordering app HungryHousefor about $250 million plus up to $50 million in performance payments. Just Eat is also buying Canadian food ordering and delivery service SkipTheDishes for about $80 million. (Source: Crunchbase)
Waitrose have launched a new store format at their Barbican shop, at Whitecross Street, London installing digital screens, a revamped welcome desk, a sushi bar and new-look wine merchandising with modern lighting and wooden racks. (Source: Retail Week)
Punch Taverns has confirmed it is in “advanced discussions” with Heineken over a potential sale of the UK pub operator. (Source: Just Drinks)
Diageo has become the latest alcohol company to team up with UK home delivery service Deliveroo. (Source: Just Drinks)
The Office of National Statistics (ONS) retail sales figures for November 2016 has revealed that retail sales volumes increased by 5.9% compared to November 2015, while sales values also increased by 5.9%. Retail sales volumes increased by 0.2% in November 2016 compared to October 2016 while retail sales value increased by 0.5%. The total amount spent in the retail sector (non-seasonally adjusted) for the four week period ending November 2016 stood at £34.2bn.
Sales volumes, predominantly for food stores, increased by 2.8% in November 2016, while non-store retailing volumes increased by 29.0% compared to November 2015. Non-specialised stores increased by 6.3%, while textile, clothing and footwear stores increased by 0.5% and household goods increased by 6.7%. Internet sales accounted for 15.8% of all retail spending, excluding automotive fuel, in November 2016.
Carpetright have announced plans to overhaul their entire chain of 429 stores in the UK by 30 December 2016. (Source: Retail Week)
DFS have announced that Richard Baker will step down as their Chairman in spring 2017. (Source: Company Press Release)
Ribble Cycles have announced plans to open a new store at the Mailbox, Birmingham. (Source: Retail Bulletin)
Screwfix have announced plans to open a new 562,000 sq. ft. distribution centre in Prologis Park Stafford and Trentham. Construction on the facility is expected to start in December 2016. (Source: Company Press Release)