#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 24th February 2017 #marketingweek
Asda have reported a 0.6% decrease in net sales for the 13 weeks to 27 January 2017. Like-for-like sales decreased by 2.9% for the same period. (Source: Verdict)
Hotel Chocolat have reported a 14.0% increase in reported revenue to £62.5m for the 26 weeks to 25 December 2016. Total profit before tax increased by 28.0% to £11.2m for the same period.
Lifestyle was the star performer this week, with LFLs up by +5.61%, its strongest growth seen so far this year. The result was coming off of an already positive base of +1.2% for the same week last year. Very strong growth was seen for gift, perfume and jewellery retailers this week, and 59% of all respondents reported positive results.
Fashion LFLs were up by +0.74% this week, but off of a negative base of -2.7% for the same week last year. Results were fairly polarised as 47% of respondents reported positive growth. While some high end fashion brands posted positive in-store growth this week, it was notable that more mainstream fashion retailers enjoyed a good week overall.
Homeware LFLs were up by +4.30% this week, but off of a very weak base of -10.8% last year. The overall result was boosted by a strong performance from soft furnishing retailers and some department stores.
Non-store LFLs were up by an impressive +30.79% this week as the half term holidays and Valentine’s Day boosted sales. Smashing through the +20% threshold, homeware led the way for growth, followed by lifestyle and fashion as non-store posted its second best week of the year-to-date. In context of an already positive in-store week, 80% of fashion respondents reported positive non- tore growth this week, compared to 85% for lifestyle and 100% for homeware.
Clothing, Footwear & Accessories
Edinburgh Woollen Mill (EWM) Group have announced plans to launch a new department store concept in the former BHS unit in Carmarthen, South Wales, in April 2017. (Source: Drapers)
H&M have announced plans to pilot click-and-collect in the UK that will allow online returns in store and next-day delivery. (Retail Week)
New Look have announced plans to launch a 11,750 sq.ft store at The Lexicon in Bracknell, which is set to open in September 2017. (Source: Drapers)
New Look have also announced plans to open a new 3,500 sq.ft store at Frenchgate Shopping Centre, Doncaster in March 2017. The store will be branded as New Look Men, continuing the fashion retailer’s plan to open standalone stores dedicated to menswear. (Source: Retail Bulletin)
Adidas has opened its first fitness studio offering free workouts, run clubs and nutritional workshops for women on east London’s Brick Lane. (Source: Evening Standard)
Next have announced plans to open a new anchor flagship store in Festival Place, Basingstoke. The store is double the size of their previous premises, at 48,000 sq. ft. (Source: Retail Bulletin)
Next have also announced plans to move into the old BHS lot at the White Rose shopping centre, which is double the size of its current premises within the centre. (Source: Verdict)
Ownthelook.com, a new UK etailer, have announced plans to launch in March 2017, offering a personal styling service alongside a multi-brand shopping platform for women. (Source: Drapers)
Pandora have announced plans to launch 1,389 sq.ft store at The Avenue, The Lexicon Bracknell’s premium shopping street. (Source: Retail Bulletin)
Reiss have announced the appointment of Christos Angelides as their new Chief Executive Officer with effect from 1st March 2017. He will be replacing current Chief Executive and Founder David Reiss who will remain the company’s Chairman. (Source: The Telegraph)
Sainsbury have announced plans to launch a new homeware brand and re-establish its Tu clothing brand following the appointment of creative agency Portas. (Source: Retail Week)
Skechers, American lifestyle and performance footwear company, have announced plans to open a new 2,800 sq.ft store in Festival Place, Basingstoke. (Source: Retail Bulletin)
Electrical & Entertainment
AO.com have appointed Steve Caunce as their new Chief Executive Officer with immediate effect. He will be replacing John Roberts who will move to a new role on the Board as Founder and Executive Director. (Source: Company Press Release)
Amazon have announced plans to create 5,000 jobs in the UK in 2017. Roles will be created in Amazon’s London head office as well as across other parts of the country where new staff will be working on key innovations including the company’s voice assistant “Alexa”, drone delivery program “Prime Air”, streaming service “Prime Video”, and cloud computing. (Source: CNBC)
The Entertainer have announced opening of two new stores in Truro, Cornwall and Northampton, Bedfordshire. Each of the new stores will be more than 2,500 sq.ft in size and will be amongst some of the company’s largest shops in their portfolio. (Source: Company Press Release)
Food & Drink
Aldi have announced plans to take over former BHS store in Cameron Toll Shopping Centre in Edinburgh, creating up to 35 new jobs. The new store is expected to open before the end of 2017. (Source: BBC)
The UK arm of Anheuser-Busch InBev has lined up the nation-wide launch of US beer brand Bud Light. (Source: Just Drinks)
Hotel Chocolat have announced plans to launch ‘Chocolate Lock-Ins’ at stores across the UK as they ramp up their experiential retail credentials. The retailer is harnessing the skills and knowledge of its workforce to offer its most loyal customers tasting sessions at its shops outside of usual trading hours. (Source: Retail Week)
London brewery Fuller’s has become the latest to add an unfiltered beer to its line-up. (Source: Just Drinks)
Lidl have announced plans to open a new multi-million pound regional distribution centre in North Lanarkshire at Eurocentral on the M8, creating 360 new jobs. The discounter also plans to relocate its 400-strong workforce from Livingston, West Lothian, to the new site. (Source: Verdict)
UK gin exports are expected to smash through the GBP500m (US$627m) mark this year as booming growth pushes the spirit to record highs. (Source: Just Drinks)
The Range, the British home, garden and leisure retailer, have announced plans to add town centre and high street stores to their 130-strong portfolio. They are eyeing shopping centre and high street locations in an effort to diversify their store portfolio. (Source: Retail Week)
Courtesy of ‘Barclays‘