#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 3rd March 2017 #marketingweek
- Jimmy Choo have reported a 14.5% increase in total revenue to £364.0m for the 12 months to 31 December 2016. Retail revenue increased by 17.4% to £243.9m while wholesale revenue increased by 7.4% to £107.2m for the same period.
- Greggs have reported a 7.0% increase in sales to £894.2m for the 52 weeks to 31 December 2016. Company managed shop like-for-like sales increased by 4.2% while pre-tax profit excluding exceptional items was reported at £80.3m for the same period.
- McColl’s Retail Group have reported a 1.9% increase in total revenue to £950.4m for the 52 weeks to 27 November 2016. Like-for-like sales decreased by 1.9% for the same period. They have also reported a 2.1% increase in total revenue for the 13 weeks to 26 February 2017. Total like-for-like sales decreased by 1.3% for the same period.
- Pentagon have reported a 2.5% decrease in turnover to £472m for the year 2016. Profit before tax decreased by 4.8% to £4.0m for the same period. (Source: Motor Trader)
- Travis Perkins, the builders merchants, have reported a 4.6% increase in total group revenue to £6.2bn for the year to 31 December 2016. Like-for-like sales increased by 2.7% while profit before tax stood at £73m for the same period.
- Anheuser-Busch InBev has seen continuing issues in Brazil pull down its 2016 sales, with the completion of its SABMiller purchase dragging on profits.
- Vertu Motors have reported a 16.6% increase in group revenue for the five months to 31 January 2017. Like-for-like new car retail volumes decreased by 9.3% while like-for-like used car sales volumes increased by 7.8% for the same period.
Lifestyle LFLs were down by -0.92% this week off of a base of -0.2% for the same week last year. The result marked the fourth negative week in the year to-date for lifestyle. Results for gift retailers were fairly polarised, and retailers of outdoor goods had a positive week in-store. However, 59% of all respondents reported negative LFLs this week.
Fashion LFLs were down by -4.51% this week off of a base of -2.9% for the same week last year. The poor weather heavily impacted sales as 61% of respondents reported negative in-store LFLs. High value brands stood out as somewhat bucking the trend this week.
Homeware LFLs were down by -4.85% off of a base of +2.9% for the same week last year, as the poor weather dented footfall and in-store sales. In a tough week for homeware retailers, 83% of respondents reported negative LFLs this week.
Non-store LFLs were up by +11.49% this week, its lowest result in the year-to-date and well short of the +20% threshold. 69% of lifestyle respondents reported positive non-store LFLs this week, compared to 67% of homeware respondents. However, only 56% of fashion respondents reported positive non-store results this week.
Clothing, Footwear & Accessories
- Farfetch have announced the appointment of Dame Natalie Massenet, founder of Net a Porter and Chairwoman of the British Fashion Council, as their new non-executive Co-Chairman with immediate effect. (The Telegraph)
- H&M have announced plans to open a new store in the Belfry Shopping Centre in Redhill at 31st March 2017. Spanning two floors, the 1,688 square metre store will offer the brands ladieswear, menswear and childrens collections. (Source: Retail Bulletin)
- Long Tally Sally have announced the launch of activewear collection named “Taller and Stronger” specifically designed for women 5’8″ and taller. The company has also introduced an online exercise and wellness resource for tall women. (Source: Retail Bulletin)
- Morrisons have announced the launch of their first-ever womenswear range as the grocer bids to ramp up growth within its Nutmeg clothing label. The supermarket giant will roll out the womenswear collection to 50 stores across the country as it bolsters its fashion credentials. (Source: Retail Week)
- Ted Baker have announced plans to open a new 2,200 sq.ft unit outlet store at Lifestyle Outlets Gloucester Quays in 2017. The store will stock the brands menswear, womenswear and accessory collections, including sunglasses, jewellery, and footwear. (Source: Retail Bulletin)
- Quiz, fast fashion womenswear retailer, have announced the launch of a new curve range for sizes 18 to 28 in April 2017. (Source: Drapers)
Electrical & Entertainment
- Amazon have unveiled a new version of their Fire TV Stick in the UK, bringing the company’s voice-controlled assistant Alexa to the television screen. It is the first time that a Fire TV device has been compatible with Alexa in the UK, broadening the reach of Amazons artificial intelligence assistant beyond the Echo speaker. (Source: The Telegraph)
- Dyson, luxury vacuum manufacturer, have announced plans to build a second research center at 517 acres site in Hullavington, Wiltshire, England. Dyson plans to begin work on the new UK facility in March 2017 and complete it by the end of 2017. (Source: CNET)
- Maplin have announced double-digit sales increase from a new trial store format, created by design group 20.20 and has earmarked a further six branches to be converted to the new style after its successful launch in Cambridge. (Source: Essential Retail)
Food & Drink
- Aldi have announced opening of their 700th UK store in Whitstable, Kent and confirmed their plans to open 1,000 outlets by 2022. (Source: The Grocer)
- The Co-operative Group have announced that from May 2017, 100% of the cocoa they buy for their products will be Fairtrade. It has become the first UK retailer to use only Fairtrade cocoa in its products. (Source: Verdict)
- Heineken has signed a new deal with rugby’s global authorities that will see it sponsor the Rugby World Cup 2019 in Japan. (Source: Just Drinks)
- Greggs have announced plans to close a facility in Norwich and increasing automation at their remaining eight bakeries in England, Wales and Scotland. The move is expected to make all factories more efficient and help offset rising costs. The move has led to the loss of 355 manufacturing jobs after the closure of bakeries in Twickenham, Edinburgh and Sleaford. (Source: The Guardian)
- Holland & Barrett have announced plans to open 60 new stores in the UK and Ireland in 2017, as well as 200 new concessions in Asia in partnership with local retailer A S Watson. (Source: Verdict)
- Tesco have announced plans to replace 1,700 deputy managers in their chain of Express convenience stores. Their work will be taken by an extra 3,300 lower paid shift leaders, increasing staff numbers by 1,600. (Source: BBC)
- Amara, luxury homewares etailer, have announced the appointment of Maddie Melson, formerly of House of Fraser, as their first Chief Customer Officer with immediate effect. (Source: Retail Week)
- Argos have announced the appointment of Gary Kibble as their new Marketing Director with immediate effect. (Source: Retail Bulletin)
- Boots have announced plans to shut down more than two-thirds of their photo processing laboratories as demand for traditional photo processing falls, putting up to 400 jobs at risk. (Source: The Guardian)
- DFS have announced installation of digital displays across their entire UK portfolio, in a bid to improve their conversion rates. Staff at the furniture specialist can now present shoppers with life-size images of potential purchases not displayed in store, such as sofa models in different colours and fabrics. (Source: Retail Week)
- Dobbies, the garden centre retailer, have announced the revamp of their existing branch in Atherstone to prioritise gardening and make room for a 600-cover restaurant to merge the retail and leisure experience. (Source: Retail Week)
Courtesy of ‘Barclays‘