#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 3rd February 2017 #marketingweek
- Carpetright have reported a 3.7% increase in group sales for the 13 weeks to 28 January 2017. UK total sales increased by 0.8% while UK like-for-like sales increased by 1.9% for the same period.
- Conviviality Group have reported a 211.0% increase in revenue to £782.5m for the 26 weeks to 30 October 2016. Profit before tax for the group increased by 285.0% to £7.4m for the same period. Conviviality Retail have reported a 2.5% increase in sales for the same period. Conviviality Group have also reported a 6.1% increase in sales for the 6 six weeks to 1 January 2017. Retail like-for-like sales for the group increased by 2.1% for the same period. Conviviality Retail have reported a 6.9% increase in sales for the same period.
- MatchesFashion have reported a 82.0% y-o-y increase in total sales for the six weeks to 8 January 2017. (Source: Drapers)
- Ocado Group have reported a 14.8% increase in revenue to £1.3bn for the 52 weeks to 27 November 2016. Statutory profit before tax increased by 21.8% to £14.5m for the same period.
- The Original Factory Shop have reported a 5.6% increase in total sales to £184.5m for the six weeks to 8 January 2017. Like-for-like sales increased by 3.3% for the same period. (Source: Retail Week)
- Waterstones have reported a 4.3% increase in total sales to £409m for the 12 months to 30 April 2016. Profit before tax stood at £9.8m for the same period. (Source: The Guardian)
Lifestyle LFLs were up by +0.28% off of a base of -0.8% for the same week last year. This was the second week in a row where lifestyle has been in positive territory. Strong results for the high end gift retailers, some department stores and outdoor goods retailers boosted the result in a week where 65% of respondents reported negative LFLs.
Fashion was the worst performer this week, as post-Christmas discounting eroded further and poor weather dented footfall. LFLs were down by 2.55% from a base of +0.2% for the same week last year. This was the third successive negative in-store week for fashion. In a week where 70% of respondents reported negative LFLs, there were some strong results evident among some of the high end brands.
Homeware LFLs were up by +0.67% this week off of a positive base of +3.0% last year. In a week where 60% of respondents reported negative results, strong performances by some furniture retailers and department stores boosted the final result. This week marked the second positive week in succession for homeware sales.
Non-store LFLs were up by +20.24% off of a base of +18.0% last year. The result moved marginally through the +20% threshold. All sectors performed better online, with 71% of fashion respondents reporting positive non-store results, as compared to 77% for lifestyle and 60% for homeware.
Clothing, Footwear & Accessories
- Charles Tyrwhitt have announced the appointment of David Boynton as their new Chief Executive Officer with immediate effect. (Source: Drapers)
- Shop Direct have announced the appointment of Derek Harding as their new Group Finance Director with immediate effect. (Source: Drapers)
- Sports Direct have announced plans to buy 11% stake in French Connection. The deal would give Sports Direct the power to disrupt any takeover bid for the retail group. (Source: The Guardian)
- Stradivarius, the Spanish womenswear brand owned by Inditex, have announced plans to launch their first menswear collection at their flagship on Londons Oxford Street. (Source: Drapers)
- Topshop’s sales fell heavily over the crucial Christmas trading period, where like-for-like sales at the fast fashion chain dropped by almost 11% over the seven-week period between Black Friday in November and the first week of the New Year. (Source: The Times)
Electrical & Entertainment
- Dixons Carphone have announced the appointment of Lord Livingston as their new Chairman replacing Sir Charles Dunstone, with effect from 30 April 2017. (Source: Company Press Release)
- Maplin have announced plans to refurbish their stores as part of a rebranding strategy to better support sales of smart home products. (Source: Retail Week)
Food & Drink
- Sir Ken Morrison, veteran grocer and modern day founder of Morrisons supermarket chain, has died aged 85 following a short illness. Sir Ken ran the grocery chain, founded by his father in 1899, from 1956 until 2008, taking it from a small group of shops in his native Yorkshire to a national grocery chain.. (Source: The Telegraph)
- Gruppo Campari has agreed to purchase Bulldog Gin in a deal worth US$58.4m, as it moves to strengthen its premium spirits portfolio. (Source: Just Drinks)
- Morrisons have launched a start-up incubator programme with innovation hub TrueStart. The initiative will allow retail technology start-ups to pitch to the supermarkets senior executive with solutions to boost productivity. (Source: Retail Week)
- Ocado have announced development of a robotic arm in collaboration with the Technical University of Berlin. The robotic arm is capable of picking and packing of delicate fresh food items without damaging them and it will be trialled in their automated warehouses. (Source: Retail Bulletin)
- Bunnings Warehouse, Australias household hardware chain, have announced the opening of their pilot store at a former Homebase site in St Albans. The company, part of Australias Wesfarmers Group, plans to invest up to £500m rolling out the Bunnings Warehouse format in the UK and Ireland over the next three to five years. (Source: Company Press Release)
Courtesy of ‘Barclays‘