Skip to content

#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 10th February 2017 #marketingweek

February 13, 2017

Company Results

  • DFS have reported a 7.0% increase in group gross sales for the 26 weeks to 28 January 2017.
  • Dunelm have reported a 2.8% increase in sales to £460.5m for the 26 weeks to 31 December 2016. Like-for-like sales decreased by 1.6% while profit before tax decreased by 11.3% to £55.9m for the same period.
  • Hornby have reported a 25.0% decrease in group revenue for the 10 weeks to 5 February 2017. UK revenue decreased by 21.0% for the same period.
  • Carlsberg has said it expects to deliver another year of mid-single-digit organic operating profit growth after cost-savings in 2016 helped drive a solid underlying full-year performance. (Source: Just Drinks)

Carlsberg has said it expects to deliver another year of mid-single-digit organic operating profit growth after cost-savings in 2016 helped drive a solid underlying full-year performance..jpg

  • New Look have reported a 0.8% increase in revenue to £422.6m for the 13 weeks to 24 December 2016. Group like for like sales decreased by 4.6% while UK like-for-like sales decreased by 4.7% for the same period. Profit before tax was reported at £30.1m.
  • New Look have also reported a 2.9% decrease in revenue to £1.1bn for the 39 weeks to 24 December 2016. Group like for like sales decreased by 7.0% while UK like-for-like sales decreased by 7.3% for the same period.
  • Pandora have reported a 7.0% increase in Britain sales for the three months to 31 December 2016. (Source: Retail Week)
  • Radley have reported a 4.0% increase in sales to £67.1m in the year to 30 April 2016. EBITDA stood at £0.5m for the same period. (Source: Drapers)

Lifestyle LFLs were up by +2.32% this week off of a negative base of -1.3% for the same week last year. Posting its third positive week in succession, overall sales were boosted by positive results for retailers of gifts, such as jewellery or perfume, retailers of outdoor goods and budget retailers.

Fashion LFLs were down by –2.66% this week off of an already negative base of -3.7% for the same week last year. The result marked the fourth negative week for in-store fashion sales in succession. Poor weather combined with the introduction of new spring lines in a post-discounting climate dented sales this week as 56% of respondents reported negative LFLs.

Homeware was the star performer this week. LFL sales were up by +3.75%, its third positive week in a row. The result was coming off of an already positive base of +1.5% for the same week last year.

Non-store sales were up by +16.30% off of a base of +13.8% last year. The result was the first week this year that LFLs had dropped below the threshold of +20%. Fashion had a more challenging week for non-store as 52% of respondents reported positive LFLs, compared to 100% for lifestyle and 75% for homeware.

Clothing, Footwear & Accessories

  • Debenhams have announced a new partnership with Aab, a London-based modest fashion brand, in their UK and international stores. (Source: Drapers)
  • Gap have announced plans to close down their UK based merchandising operations in an attempt to centralise their global operations in the US. (Source: Retail Week)
  • Poundland have unveiled their first Pep & Co shop-in-shop at its Hanley store in Stoke. The 9,000 sq.ft store has incorporated Pep & Co’s full range of womenswear, menswear and kidswear, taking up around a quarter of the selling space. (Source: Retail Week)
  • Victoria’’s Secret have announced plans to open a 9,000 sq.ft store in Brighton’s Churchill Square Shopping Centre. The new store is one of 30 planned stores for the company as they continue to expand across the UK. (Source: Retail Bulletin)

victoria%c2%92s-secret-have-announced-plans-to-open-a-9000-sq-ft-store-in-brighton%c2%92s-churchill-square-shopping-centre

Electrical & Entertainment

Toys ‘R’ Us have announced plans to open a 5,750 sq.ft new store at Intu Uxbridge shopping centre. (Source: Retail Bulletin)

Food & Drink

  • The Co-operative Group have appointed Steve Murrells as their new Chief Executive Officer. He will be replacing Richard Pennycook who will leave the company at the end of March 2017. (Source: The Guardian)
  • Lidl have appointed Dane Jesper Hojer as their new Chief Executive Officer with immediate effect. Dane has worked for Lidl for more than 10 years, including as head of the business in Belgium and as head of its international buying operation. (Source: Reuters)
  • Poundland have announced the winding down of the transactional element of their website over the next few months, but still retain an online presence. The decision is part of a tidying up process as the retailer aims to focus on their store portfolio. (Source: Retail Week)
  • Waitrose have announced plans to close six of their stores and remove a level of management in their supermarkets, putting nearly 700 jobs at risk. (Source: The Guardian)

The BRC-KPMG Retail Sales Monitor for January 2017 has revealed that the UK total sales decreased by 0.6% in the month against a 2.6% increase in January 2016. On a total basis, UK retail sales rose 0.1% in January 2017, compared to a 3.3% rise in January 2016. This is well below the 3-month average of 1.1% and the 12-month average of 0.9%. In the three months to January 2017, total food sales increased 2.0% while like-for-like food sales increased by 0.6%, clearly ahead of the 12-month total average growth of 1.0%. Total non-food retail sales increased by 0.3% and like-for-like non-food retail sales increased by 0.2% for the same period. This is below the 12-month total average growth of 0.8%.

Household

  • House of Fraser have announced plans to anchor a new £300.0m retail complex in Chester which is expected to open by 2021. The 500,000 sq.ft. complex will redevelop Chester’s city centre, housing 70 stores, cafés and restaurants, a hotel and conference centre, a six-screen cinema and 70 homes.(Source: Retail Week)

house-of-fraser-have-announced-plans-to-anchor-a-new-300-0m-retail-complex-in-chester-which-is-expected-to-open-by-2021

  • Screwfix have announced the opening of their 500th store in the UK, creating a milestone in the expansion of their store network. The 500th store has been opened at the Lumina Park, Enfield, north London, with an increase in their workforce to more than 10,000. (Source: Retail Week)
  • Wiggle have announced the appointment of Will Kernan as their new Chief Executive Officer replacing Stefan Barden with effect from 01 March 2017. (Source: Retail Week)

Courtesy of ‘Barclays

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: