#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 27th January 2017 #marketingweek
- Ann Summers have reported a 17.2% increase in total sales for the week to 26 December 2016. Retail sales increased by 12.5% for the same period. (Source: Verdict)
- Card Factory have reported a 4.3% increase in year-to-date revenue for the 11 months to 31 December 2016. Year-to-date like-for-like store sales increased to 0.4% for the same period.
- Dixons Carphone have reported a 4.0% increase in group like-for-like sales for the 10 weeks to 07 January 2017. UK & Ireland like-for-like sales increased by 6.0% for the same period.
- Findel have reported a 11.0% increase in group sales for the 16 weeks to 21 January 2017.
- Jack Wills have reported a 1.0% increase in like-for-like sales for the five weeks to 31 December 2016. Profit margin for the retailer increased by 6.0% for the same period. (Source: Retail Week)
- Jimmy Choo have reported a 15.0% increase in total revenue to £364.0m for the 12 months to 31 December 2016. Retail revenue increased by 17.0% to £244.0m while wholesale revenue increased by 8.0% to £107.0m for the same period.
- Office, a footwear retailer, have reported sales of £387.8m for the 74 weeks to 26 June 2016, while pre-tax profits decreased to £29.3m for the same period. (Source: Verdict)
- Sofa.com have reported a 28.0% increase in total sales for the 12 weeks to 9 January 2016. Digital sales increased by 38.0% for the same period. (Source: Retail Week)
- WH Smith have reported a 2.0% increase in total group sales for the 21 weeks to 21 January 2017. Group like-for-like sales increased by 1.0% for the same period.
Lifestyle LFLs were up by +2.19% this week off of a negative base of -4.0% for the same week last year. Stationers and gift retailers performed well in-store, with retailers of outdoor goods and department stores split this week. Meanwhile retailers of electrical goods had a tougher week in-store.
Fashion LFLs were down by -1.26% this week, coming off of an already negative base of -4.2% last year. This marked the second successive week that fashion had posted a negative result for bricks-and-mortar sales.
Homeware LFLs were up by +7.28% this week off of a base of +1.1% last year. Furniture and soft furnishings retailers continued to perform well in-store, while kitchenware retailers fared better online this week.
Non-store LFLs were up by an impressive +27.33% this week, crashing through the +20% threshold ceiling. In a week where some particularly stellar individual results were evident, 66% of fashion retailers posted positive online LFLs this week, of which 87% reported double or even triple figure growth. For lifestyle, 92% of respondents reported positive online growth, as compared to 83% for homeware.
Mergers & Acquisitions
- Tesco have announced plans to buy the UKs biggest food wholesaler, Booker Group, in a £3.7bn deal. The combined group is expected to be well placed to serve the in-home food market as well as the growing out-of-home food market and according to both firms will create the UKs leading food business. (Source: Company Press Release, BBC)
Clothing, Footwear & Accessories
- Guess, the lifestyle and fashion brand, have announced plans to open a5,000 sq.ft. flagship store in the North West at Liverpool ONEs Paradise Street. (Source: Retail Week)
- Fat Face have teamed up with The Prince’s Trust to launch a new collection featuring designs from young people supported by the charity. (Source: Verdict)
- Primark have announced the opening of an extra 31,000 sq ft of trading space at one of its Oxford Street flagships. The extension runs across all four floors of the store, which is at the newly-redeveloped east end of Oxford Street. (Source: Retail Week)
- Tom Davies, the bespoke luxury eyewear brand, have announced plans to open a store in Londons Covent Garden Opera House Arcade. (Source: Retail Week)
Electrical & Entertainment
- Ebay UK have appointed Rob Hattrell as their new Vice President replacing Tanya Lawler, with effect from 27 February 2017. (Source: The Grocer)
- The Entertainer have announced plans to enter into a franchise partnership with Apparel Group, which will be responsible to open thirty stores over the next five years across UAE, Saudi Arabia, Qatar, Oman, Bahrain & Kuwait regions. (Source: Company Press Release)
Food & Drink
- M&S have launched a range of vegan sandwiches as one of their biggest requests from customers is for vegan products. There is also a gap in the market for food that vegans can eat on-the-go for lunch. (Source: Verdict)
- Carlsberg is continuing to chase Millennial consumers in the UK with new limited-edition packaging for its flagship Carlsberg lager.
- Sainsbury have launched Changyu Noble Dragon Red wine to its range as it looks to expand into new regions of wine production. (Source: Company Press Release)
- Tesco have announced roll-out of its mobile payment app, PayQwiq, across all UK stores. PayQwiq allows shoppers to store their debit card and Tesco Clubcard details and pay for baskets worth up to £250 with one scan of their phone. (Source: Retail Week)
- A spokesperson for coconut water company Vita Coco has told just-drinks there is no truth to articles linking the firm to a sale. (Source: Company)
- Holland & Barrett have opened a new 6,000 sq.ft. flagship store in Oxford Street, London (Source: Retail Week)
- Ikea have announced plans to launch their first new sustainable concept store in Greenwichs Millennium Way Retail Park in London. (Source: Verdict)
Courtesy of ‘Barclays‘