#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 17th March 2017 #marketingweek
- Argos have reported a 3.8% increase in total sales for the nine weeks to 11 March 2017. Like-for-like sales increased by 4.3% for the same period.
- French Connection have reported a 6.7% decrease in group revenue to £153.2m for the 12 months to 31 January 2017. UK and Europe like-for-like sales increased by 4.4% for the same period.
- Lush have reported a 26.0% increase in sales to £723.0m for the 12 months to 30 June 2016. Pre-tax profits stood at £43.2m for the same period. (Source: BBC)
Marshall Motor Group have reported a 54.1% increase in revenue to £1.9bn for the 12 months to 31 December 2016. Like-for-like revenue increased by 10.7% for the same period.
- Ocado have reported an increase of 13.3% in gross group sales to £384.7m for the 13 weeks to 26 February 2017. Gross retail sales increased by 13.1% for the same period.
- Sainsburys have reported a 0.1% increase in total retail sales (excluding fuel) for the nine weeks to 11 March 2017. Like-for-like retail sales decreased by 0.5% (excluding fuel) for the same period.
Lifestyle LFLs were up by +3.56% off of a very poor base of -8.6% last year. Brighter weather ensured that retailers of outdoor goods performed well this week. With Mothers Day also moving into view, gift retailers posted a strong performance. 75% of all respondents reported positive LFL growth this week.
Fashion LFLs were up by +3.51% this week off of a weak base -7.6% last year. 63% of respondents posted positive in-store LFLs this week, as warmer weather boosted footfall and helped sales of spring lines. However, with the growth coming off of such a poor base the question remains as to how successful retailers were at converting footfall into sales.
Homeware LFLs were up by +9.40% this week, overturning a negative base of -7.9% last year. The result marked its second positive week in succession. 60% of respondents posted positive LFLs this week as positive footfall growth boosted overall sales.
Non-store LFL sales were up by an impressive +37.00%, but off of a muted base of +9.9% last year. The result was the second best seen in the year-to-date. 76% of fashion respondents reported positive growth this week, of which 90% posted double or even triple digit growth. 85% of lifestyle respondents reported positive LFL growth, as compared to 83% of homeware respondents.
Clothing, Footwear & Accessories
- Aspinal of London have announced the appointment of Lisa Montague as their new Chief Executive Officer with effect from September 2017 replacing Sarah Rotherham. Lisa is currently Chief Executive at LVMH-owned Spanish leather specialist Loewe. (Source: Drapers)
- Gap have announced the opening of a new 10,000 sq.ft UK concept store at the Bluewater shopping center. Created by an in-house team, the new shop is the first of a new breed of UK concept stores for the fashion brand and includes womens, mens, kids and baby collections, as well as GapFit and Gap Body items. (Source: Retail Bulletin)
- John Lewis have announced plans to launch an own-brand denim collection called And/Or on 22nd March 2017. The 90-piece collection targets a younger customer and follows the successful launch of brand Modern Rarity. (Source: Retail Week)
- LK Bennett have announced plans to open their first shop in Russia after their owners, the private equity firms Phoenix and Sirius, supported the retailer’s international expansion plans. The British fashion brand is also planning two more shops in China as well as stores in Qatar and the World Trade Centre in New York in 2017. (Source: Verdict)
- New Balance, Athletics footwear and apparel brand, have announced the opening of their new premium outlet at Bicester Village. The store will stock limited edition lifestyle footwear as well as workout wear including their J Crew collaboration for women. (Source: Retail Bulletin)
- Poorboy Boutique, the independent vintage fashion brand, have announced plans to open a 1,000 sq.ft store in Hulls Fruit Market by 31st March 2017. The store will be the first retail outlet to launch on Humber Street as part of rejuvenation project led by Wykeland Beal. (Source: Retail Bulletin)
- Sainsburys have unveiled a weather responsive outdoor marketing campaign for their Tu clothing brand. In a fashion industry-first, the weather activated campaign promotes a range of looks from Tus Spring collection, which will react and change in accordance with the weather. (Source: Retail Bulletin)
- Ted Baker have unveiled interactive store windows as part of their shoppable film campaign for spring/summer. Ted Bakers Spring 17 campaign features a 360-degree shoppable video, interactive windows and virtual reality experience, and will be shown episodically on Instagram stories. (Source: Drapers)
Electrical & Entertainment
- Staples, stationery retailer, which is trading under as Office Outlet, have announced plans to shed up to 285,000 sq.ft from their portfolio by sub-letting space in larger stores. The retailers owner, Hilco, plans to divide up to 35 of their Office Outlet stores and sub-let chunks of space ranging from 5,000 sq.ft to 16,533 sq.ft in size. (Source: Retail Week)
Food & Drink
- Asda have announced plans to increase pay of their 135,000 store staff to £8.50 per hour as it ushers in more flexible contracts. The supermarket will allow their workers to choose whether or not to accept the new contract or stick to their existing terms, in what it claims to be a first for the retail sector. (Source: Company Press Release)
- Morrisons in collaboration with online food delivery business Just Eat have announced the launch of UKs first takeaway inside a supermarket. The grocer will open a Bombay Bites Express concession at their Victoria Shopping Centre store, in Bradford, on Saturday, as it continues to develop their in-store proposition. (Source: Retail Week)
- Diageo’s UK unit has launched a new variant under the Smirnoff Cider brand. (Source: Just Drinks)
- AG Barr has lined up a GBP5m marketing push to support the roll out AG Barr has lined up a GBP5m marketing push in the UK, to support the roll-out of its Irn-Bru Xtra brand extension. (Source: Just Drinks)
- Bunnings have announced plans to launch a transactional website within 18 months for customers in the UK. (Source: Retail Week)
- Lush, British cosmetics firm, have announced plans to expand outside the UK due to Brexit. The company have also opened a plant in Germany and plans to further expand operations abroad. (Source: BBC)
Courtesy of ‘Barclays‘