#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 10th March 2017 #marketingweek
- Cambria Automobiles have reported a 2.9% decrease in new vehicle unit sales for the five months to 28 February 2017. Like-for-like new vehicle unit sales declined by 11.1% for the same period. Used vehicle sales increased by 0.6% while like-for-like used vehicle sales increased by 2.6% for the same period.
- Dreams, the UK bed retailer, have reported a 20.0% increase in sales to £280.0m for the year to 24 December 2016. Like-for-like sales increased by 14.1% for the same period. (Source: The Telegraph)
- Fat Face have reported a 7.4% increase in retail sales to £219.2m for the 52 weeks to 28 May 2016. Operating profit decreased by 8.2% to £33.5m for the same period. (Source: Verdict)
- Gear4Music have reported a 58.0% increase in sales to £56.1m for the 12 months to 28 February 2017. UK sales increased by 34.0% to £34.9m while European sales increased to £21.3m for the same period.
- Gruppo Campari released its full-year results for 2016. The company saw its net profits dip by 5% on one-offs, although sales in the 12-month period rose by 4%. Here, just-drinks considers Campari’s performance over the last five years. (Source: Just Drinks)
- Inchcape have reported a 14.9% increase in turnover to £4.1bn for the 12 months to 31 December 2016. Trading profit increased by 9.2% to £97.1m for the same period.
- The John Lewis Partnership have reported a 3.2% increase in gross sales to £11.4bn for the 52 weeks to 28 January 2017.
- Waitrose have reported a 2.7% increase in gross sales to £6.6bn while John Lewis have reported a 4.0% increase in gross sales to £4.7bn for the same period. Partnership’s profit before tax and exceptional items increased by 21.2% to £370.4m.
- Lookers have reported a 17.0% increase in revenue to £4.3bn for the year to 31 December 2016. Profit before tax increased by 46.0% to £91.8m for the same period.
- Morrisons have reported a 1.2% increase in total turnover to £16.3bn for the year to 29 January 2017. Like-for-like sales (excluding fuel & VAT) increased by 1.7%, while profit before tax increased by 49.8% to £325.0m for the same period.
Lifestyle was down by -8.19% this week, but it should be remembered that the decline was coming off of a very strong base of +13.5% for the same period in 2016, boosted by Mother’s Day last year. 60% of respondents reported negative LFLs this week. Retailers will be hoping for a strong Mother’s Day performance later in the month.
Fashion LFLs were down by -3.47% this week off of a base of +2.7% last year. Cooler weather and weaker footfall presented a challenge for retailers, as they continued to introduce spring lines. With 61% of respondents reporting negative in-store results, retailers will be hoping for a boost from warmer weather and Mother’s Day later in the month.
Homeware was the star performer this week, with sales up by a marginal +0.35% off of an already positive base of +4.4% last year. However, in a week where 67% of respondents reported negative in-store LFLs, strong individual results amongst some furniture and soft furnishings retailers boosted the overall figure.
Non-store LFLs were up by +16.21% this week, well short of the +20% threshold. However, the result was coming off of a strong base of +29.7% for the same week last year as Mother’s Day boosted sales. Retailers generally saw more positive LFLs via non-store sales this week, with 59% of fashion retailers reporting positive non-store sales, as compared to 64% for lifestyle and 60% for homeware.
Clothing, Footwear & Accessories
- Blue Inc have announced that they have filed for a company voluntary arrangement (CVA), allowing it to shut unprofitable stores and defer payments as it seeks a turnaround. (Source: Retail Week)
- French Connection have announced the launch of its new activewear range at its flagship store on London’s Oxford Street. (Source: Drapers)
- JD Sports have announced plans to combine their Spanish and Portuguese business with local company Sport Zone, in a plan to create the second-largest sports retailer in Iberia. JD Group will own 50% of a new “Iberian Sports Retail Group”, with a further 20% held by the family shareholders of JD Sprinter. (Source: Financial Times)
- Joe Browns, the online and mail order fashion retailer, have announced the appointment of Derek Lovelock, as their new Chairman with immediate effect. The company is also planning to open the first in a series of retail stores. (Source: Retail Bulletin)
- The Modist, a new luxury etailer, launched on International Women’s Day, aiming to be the first global online destination for luxury modest fashion. The Modist ships to over 100 countries and offers 75 ready-to-wear and accessories labels. (Source: Retail Week)
- Next and New Look have announced plans to upsize to a 30,000 sq.ft store and 16,000 sq.ft unit respectively at Telford Shopping Centre as the retailers plan to increase their presence in the development. (Source: Retail Week)
- Russell & Bromley, the footwear retailer, have announced plans to return to Southampton at the Westquay shopping centre in May 2017. (Source: Drapers)
- Shoe Zone have announced the promotion of their Finance Director, Jonathan Fearn, to Chief Financial Officer with immediate effect. (Source: Drapers)
Electrical & Entertainment
- AO.com have announced the opening of 75,000 sq.ft facility at the Halesfield Industrial Estate in Telford, which will be the home of the company’s recycling operations and will see the creation of 200 permanent jobs at the site. (Source: Shropshire Star)
Food & Drink
- Budgens have announced plans to close their 34 convenience stores after administrators failed to find a buyer for one of their biggest chain operators, Food Retailer Operations Limited. The closure will lead to loss of more than 800 jobs. Following the store closures, about 150 Budgens stores will be left trading. (Source: The Guardian)
- British beer exports jumped 6% last year, new figures show, including a five-fold increase for China. (Source: Just Drinks)
- Sainsbury’s have announced plans to extend the scheme focussed on reducing household food waste after a pilot project. The five-year “Waste Less, Save More” programme launched in 2016 is designed to slash UK food waste by 50%. (Source: Retail Week)
- Pernod Ricard has extended the recently-released lime variant of its Absolut vodka brand to the UK, as it looks to capitalise on what it claims is the growing popularity of citrus drinks in the country. (Source: Just Drinks)
- Sainsbury’s have also announced plans to cut around 400 jobs as it strips out the role of price controller from its operations. The grocer is scrapping the position, which requires staff to ensure that price labels on shelves are accurate. (Source: Reuters)
- Tesco have announced plans to extend its same day click and collect grocery service as it upgrades its multichannel credentials. (Source: Retail Week)
- Tesco have become the first UK supermarket to launch full range of fresh pet food. (Source: Retail Bulletin)
- Ocado have announced the testing of grocery delivery by electric vehicle in an attempt to cut its carbon footprint, reduce congestion and keep noise levels to a minimum in residential areas. As per the retailer they will be the first online retailer to use the technology for customer deliveries at no additional cost. (Source: Verdict)
- Dobbies, the garden centre retailer, have announced the appointment of Nicholas Marshall as their new Chief Executive Officer with immediate effect. (Source: Retail Week)
- John Lewis have announced plans to invest in a new customer service initiative in 20 of its shops to strengthen its omni-channel customer experience. The investment will see 8,000 partners who work on the shop floor receive an iPhone loaded with a dedicated ‘Partner App’ designed to enable them to quickly help customers with information about products, check stock availability and place orders. (Source: Company Press Release)
- Sharps Bedrooms, the fitted furniture specialist, have announced plans to roll out its concept format at five Intu shopping centres as part of its strategy to enter prime UK shopping destinations. (Source: Retail Bulletin)
- Walgreens Boots Alliance in collaboration with Walgreens, the US pharmacy store chain, have announced plans to introduce Walgreens tech innovations such as an Uber-style telemedicine service to the UK over the coming years. The technological innovations include a telemedicine service that makes doctors available in an “Uber-type process for episodic care”. (Source: Retail Week)