#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 31st March 2017 #marketingweek
Clothing, Footwear & Accessories
Coach, US accessories and lifestyle label, have announced the opening of their debut store in the Bullring shopping centre, Birmingham. The 3,010 sq.ft store will be located on the upper east level of the centre and stock the full range of bags, footwear, outerwear and accessories. (Source: Retail Week)
Guess have announced plans to launch a 3,853 sq.ft store in the North East of England at Intu Metrocentre in Gateshead this summer. (Source: Retail Bulletin)
H&M have announced plans to open their biggest store in the UK at the Westfield Stratford City shopping centre in London. Due to launch on 21st April 2017, the store will be relocation from the retailers current store at the centre and will also be one of the largest H&M stores in the world. (Source: Retail Bulletin)
Jones Bootmaker have been acquired by Endless, a UK private equity investor, through a pre-pack administration, saving 72 of their 170 shops and around 840 jobs in the UK. (Source: The Independent)
Moss Bros have announced plans to expand internationally as Tony Bennett, their Chief Financial Officer, announced that their preference would be to take their online offer overseas before looking to establish a bricks-and-mortar proposition. (Source: Retail week)
Mulberry have announced plans to launch a new Asian business in partnership with Challice Ltd, owned by Singapore billionaire Christina Ong. Mulberry Asia will initially open four stores, with two in China, one in Hong Kong and one in Taiwan. (Source: Drapers)
Pep&Co have announced plans to open another 50 Poundland shop-in-shops during the second part of 2017, in addition to the 50 currently being rolled out over the next few months. (Source: Drapers)
Poundland have unveiled plans to ramp up their multi-price proposition as they accelerate their Pep & Co shop-in-shop opening programme and eyes new categories. The business would continue to sell the vast majority of their products for £1.0 but would introduce 50p, £2.0 and £5.0 fixed price points across their estate. (Source: Retail Week)
The White Company have announced the appointment of Mary Homer as their new Managing Director with immediate effect. She has been the Managing Director of TopShop for 11 years and is replacing outgoing White Company boss Will Kernan. (Source: the Telegraph)
Octobers Very Own (OVO), menswear fashion brand owned by Drake, have announced plans to open a flagship store in Broadwick Street development, Soho, London. (Source: Retail Week)
Lifestyle LFLs were up by an impressive +6.14% this week and off of an already positive base of +4.7% for the same week last year. The approach of Mothers Day boosted sales of gifts, perfume, and jewellery, with stationers also performing well. Retailers of electrical goods and outdoor goods had a more challenging week in-store.
Despite the buoyant footfall this week, fashion LFLs performed poorly in-store, slumping to 4.62% off of an already poor performance of -4.8% last year in the week leading up to the Easter weekend. Ending two successive positive weeks, 63% of fashion respondents reported negative in-store LFLs this week, and 54% of those saw double digit declines.
Homeware LFLs were down by -3.75% off of a strong base last year of +5.8%. The result ended a three week positive run for homeware sales. 67% of respondents reported negative in-store LFLs this week despite the increased footfall over the same week last year.
Non-store LFLs soared to +38.67%, the second highest level of the year-to-date. However, rather than being the success story of the week, it was coming off of a very low base of +2.1% for the same week last year when non-store sales plummeted, highlighting the volatility of this season. 81% of fashion retailers reported positive non-store growth this week, compared to 85% for lifestyle and 83% for homeware.
Electrical & Entertainment
AO World have raised share capital through a share placing and will use the money to support growth plans and bolster their balance sheet. The additional cash will be used by the company to increase their scale, including plans to expand into countries bordering Germany. (Source: The Telegraph)
Game Plc have announced that they are in negotiations with stationery specialist WHSmith to expand their new concession partnership. There are currently Game concessions in two WHSmith branches at Oxford and Birmingham Fort. (Source: Retail Week)
The Harry Potter Shop have announced the opening of a new store in Heathrows Terminal 5. (Source: Retail Week)
Food & Drink
Booths have announced plans to expand outside of the North West in the UK by selling 40 of their best-selling products in East Asia. The grocer has penned a joint venture agreement with Hong Kong-listed retailer Dairy Farm to drive their move overseas. (Source: Retail Week)
John Lewis have announced plans to increase in-house brands to 50% of their total product mix and encourage more customers to book one-on-one time with staff as they seek to reinvent department store retailing. (Source: Drapers)
Marks & Spencers Simply Food and Aldi have announced signing of pre-let deals on a new retail and business park in Chelmsford. The duo has secured more than 30,000 sq.ft between them on the 180,000 sq ft scheme in Essex which is due to be completed by November 2017. (Source: Retail Week)
Ocado have announced the launch of competition to crown Britains Next Top Supplier. The winners product will be stocked at Ocado and the producer will also receive a £20,000 marketing package to promote their goods. (Source: Retail Bulletin)
Fruit cider volumes in the UK on-premise continued to boom last year, with growth for Heineken’s draught Strongbow Dark Fruits propping up its parent brand. (Source: Just Drinks)
DFS have announced plans to increase the number of products they manufacture in the UK as part of their strategy to mitigate currency headwinds. The sofa retailer currently has five UK factories that make around 50.0% of their stock on these shores. (Source: Retail Week)
Morleys have announced plans to open a store in the former BHS site in Bexleyheaths Broadway Shopping Centre creating 100 jobs by 31st April 2017. The Bexleyheath shop will be Morleys Groups ninth department store. (Source: Retail Bulletin)
99p stores, value chain stores, have tumbled into administration less than two years after they were bought by Poundland. The administration will impact around 60 shops, which remained on 99p Stores leases following the acquisition but have already closed. (Source: Retail Week)