#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 7th April 2017 #marketingweek
- ASOS have reported a 37.0% increase (on a reported basis) in group revenues to £911.5m for the six months to 28 February 2017. Total retail sales increased by 38.0% to £889.2m while UK retail sales increased by 18.0% to £340.8m for the same period.
- The Co-operative Group reported a 3.0% increase in revenues to £9.5bn for the 52 weeks to 31 December 2016. Operating profit stood at £148.0m for the same period.
- Mothercare have reported a 12.2% decrease in total group sales for the 11 weeks to 25 March 2017. Total UK sales increased by 3.2% while UK online sales increased by 13.6% for the same period.
- Nisa, the wholesaler and convenience retailer, have reported a 2.2% increase on like-for-like basis year-on-year with total sales of £299.0m for the 13 weeks to 2 April 2017. (Source: Retail Bulletin)
- Topps Tiles have reported a 1.3% decrease in total revenue to £106.5m for the 26 weeks to 01 April 2017. Like-for-like revenues decreased by 1.9% for the same period.
Lifestyle LFLs were up by +6.77%, but off of a very poor base of -10.25% for the same week last year. High end gift retailers continued to post positive LFLs this week, but some electrical retailers and stationers struggled, while department stores were fairly polarised.
Fashion LFLs were up by +2.82%, but off of a poor base of -9.6% for the same week last year. With mid-season discounting in full swing, 46% of respondents reported negative growth this week, while 50% of those reporting a positive LFL reported double digit growth.
Homeware LFLs were down by -8.34% this week off of a positive base of +7.7% last year. In what was a tough week for sales of homeware items, 71% of respondents reported negative sales growth this week.
Non-store LFLs nudged through the +20% threshold, up by +20.47% off of a base of +18.6% last year. Fashion retailers fared better online with 62% of respondents reporting positive non-store growth, as compared to 43% for homeware and 92% for lifestyle.
Clothing, Footwear & Accessories
Arcadia have announced the appointment of Anne Secunda as their new Managing Director of plus-size womenswear retailer Evans with immediate effect, replacing Fiona Ross. Anne will also continue her current role of Managing Director of Evans’ Arcadia Group stablemate, Wallis. (Source: Drapers)
Burberry have announced plans to transfer their fragrances and cosmetics business to US group, Coty in a deal that will bring in around $225.0m plus ongoing royalty payments in a bid to revitalise the division. The exclusive licensing agreement will take effect from October 2017. (Source: Reuters)
Footasylum, the sportswear retailer, have opened a new 4,992 sq.ft store at Centre MK in Milton Keynes. (Source: Retail Bulletin)
H&M Group have announced plans to open a new store in London’s Regent Street under a new brand called ARKET later in 2017. Offering clothing for women, men and children as well homewares, the London store will open in the early autumn in 2017 and the brand will be online in 18 European countries. (Source: Retail Bulletin)
Jaeger, the fashion retailer, have been sold to Philip Day, who owns Edinburgh Woollen Mill, Peacocks and Jane Norman. (Source: Verdict)
M&S have commissioned the RSPCA to audit all of their 40 dairy farms to RSPCA Assured Standards. The move comes in advance of the retailer adopting RSPCA Assured Standards as their minimum requirement which will see the farms assessed annually. (Source: Retail Bulletin)
Net-a-Porter and Mr Porter have announced plans to enhance their personal shopping services for top customers by introducing a new try-on and wait delivery service and at-home shopping consultations. The same-day delivery service will launch in London in September 2017, followed by New York and Hong Kong before the end of 2017. (Source: Retail Bulletin)
Russell & Bromley, the footwear retailer, have announced plans to open their first store in Birmingham in the city’s Bullring shopping centre. The brand will stock their full range of luxury footwear and handbags for women and men and will be situated next to Diesel and Swarovski. (Source: Retail Bulletin)
Sports Direct have announced an increase in their stake in High Street department store chain, Debenhams. Sports Direct has upped their interest in Debenhams stock from 13.4% to 16.1%. (Source: BBC)
Superdry, the fashion retailer, have announced plans to open their first out-of-town store at Glasgow Fort Retail Park. Superdry has agreed a 10-year lease on a 12,000 sq.ft plot on the site. (Source: Retail Week)
Tag Heuer have opened their first store in the West Midlands in the Merry Hill centre in Brierley Hill. (Source: Retail Bulletin)
Electrical & Entertainment
Amazon have launched their Amazon Business offering in the UK as it looks to target the procurement needs of businesses. Amazon Business will target the UK business-to-business market by selling office supplies, industrial tools and laboratory kits to companies. (Source: The Guardian)
BrightHouse, the rent-to-own electricals chain, have revealed that FCA has intended to grant them a consumer credit licence as the company refinances their debt and sticks to their new business plan. (Source: Telegraph)
Clintons, the greeting card and gift retailer, have launched their own luxury brand of chocolate to boost their entrance into the chocolate market. Called Cocoa Paradise, the premium bars are available exclusively in Clintons’ 400 stores across the UK. (Source: Retail Bulletin)
The Entertainer have announced that have added another store to their growing international portfolio with existing franchise partner, the SEFAM Group in Lahore Pakistan. The 5,000 sq.ft store has opened on 25th March 2017 in Lahore’s largest mall in Pakistan. (Source: Company Press Release)
Hornby have announced completion of the first stage of their turnaround plan as it looks to reduce product lines and cut back on their investment needs. They have successfully restructured their UK and European business, reducing their cost base, rationalising their product offering, and cutting back on investment. (Source: Financial Times)
Food & Drink
The Coca-Cola Co is to pull Coca-Cola Life from UK shelves. (Source: Just Drinks)
Just Eat have announced the appointment of Alistair Cox as their independent Non-executive Director with effect from 2nd May 2017. (Source: Company Press Release)
Lidl have opened their new regional distribution centre in the West Midlands, creating 400 jobs. It is the discounter’s 11th centre and at 435,938 sq.ft is their largest in the UK. (Source: Verdict)
Majestic Wine have launched their first ever own label entry level range as it takes aim at the supermarkets. The alcohol specialist’s new range, Majestic Loves, will be introduced across their 210 branches in April 2017. (Source: Retail Week)
Nisa have unveiled their latest store of the future format named ‘Store of the Future 2 Evolution’. The store is designed to offer independent retailers flexibility, with a modular format allowing them to adapt store layouts to suit the needs of their customers. (Source: Retail Week)
Tesco have announced plans to call off 24 hour opening of their stores as part of operational changes affecting 3,000 staff. The supermarket is moving to a night-to-day replenishment model in 69 of their largest sheds, axing round-the-clock opening hours in eight of those stores. (Source: Retail Week)
Tesco have signed a three-year supply arrangement with Palmer & Harvey, wholesale distributor to the UK’s convenience sector. Tesco accounts for 40% of Palmer & Harvey’s sales. (Source: Verdict)
Waitrose have announced the launch of English sparkling wine in China becoming the first supermarket to export the fizz to the country. (Source: Verdict)
Argos have announced plans to grow their own-brand product ranges, harnessing the design expertise of new owner Sainsbury’s, to gain market share in categories like homeware (Source: Verdict)
Findel have announced the appointment of Phil Maudsley as their new Chief Executive Officer with immediate effect. In addition, Executive Chairman Ian Burke has moved to the position of Non-Executive Chairman. (Source: Retail Bulletin)
Habitat have launched a new TV ad campaign as it continues to revive their brand credentials under the ownership of Sainsbury’s. The advert, the latest in their Voyeur series, hits screens on April 5 on Channel 4. (Source: Retail Week)
Sharps, the bedroom furniture retailer, have been put up for sale, six years after it was rescued from collapse. (Source: The Telegraph)
Smiggle, Australian stationery brand, have announced plans to open their first out-of-town store at Glasgow Fort Retail Park. They have secured a 1,000 sq.ft unit and plan to open by 31st April 2017. (Source: Retail Week)
Ted Baker have launched their bedding collection in the US through a partnership with Nordstrom Company. (Source: Retail Bulletin)
Courtesy of: Barclays