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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 21st April 2017 #marketingweek

April 24, 2017

Company Results

  • Bonmarche have also reported a 0.5% decrease in total sales for the 53 weeks to 01 April 2017. Store like-for-like sales decreased by 4.3% while online sales increased by 2.2% for the same period.
  • Burberry have reported a 1.0% decrease in total revenue to £1.6bn for the six months to 31 March 2017. Comparable sales for the group increased by 3.0% for the same period. Wholesale revenue decreased by 13.0% to £327m while retail revenue increased by 3.0% to £1.3bn.

Burberry have reported a 1.0% decrease in total revenue to £1.6bn for the six months to 31 March 2017.

  • Debenhams have reported a 2.9% increase in gross transaction value to £1.7bn for the 26 weeks to 04 March 2017. Group like-for-like sales increased by 3.0% and UK gross transaction value increased by 0.6% to £1.3bn for the same period.
  • House of Fraser have reported a flat gross transaction value at £1.3bn for the 52 weeks to 28 January 2017. Like-for-like sales increased by 0.9% for the same period.
  • Pep & Co’s holding company, Pepkor UK, have reported sales of £29.0m for the year to 24 September 2016. Pre-tax losses increased to £18.9m for the same period. (Source: Verdict)
  • Pernod Ricard announced a 4% rise in organic sales in the nine months to the end of March.

Pernod Ricard announced a 4% rise in organic sales in the nine months to the end of March..gif

  • Primark have reported an 11.0% increase (constant currency) in sales to £3.2bn for the 24 weeks to 04 March 2017. Operating profit decreased by 2.0% to £323m for the same period.

 

Lifestyle LFLs were up by +8.68% this week off of a base of +3.3% for the same week last year. Lifestyle posted its sixth straight week of positive growth and benefited from the build up to Easter, with gift items and outdoor goods performing particularly well, while stationers received an additional back-to-school boost in context of the holidays.

Fashion was the star performer this week, with LFLs up by +11.62%, but off of a poor base of -12.0% for the same week last year, when many fashion retailers withdrew seasonal discounting. Despite posting the highest sales growth of the year-to-date, in-store sales were not able to capitalise on the increased footfall on the high street this week, and offset the negative base from last year.

Homeware LFLs were down by -1.62% this week, but off of a very strong base of +13.1% last year. The result marked the fourth negative week of growth in succession for homeware. Department stores performed well this week, as did retailers of kitchenware, while sales amongst furniture retailers saw mixed results.

Non-store sales were up by +8.54% off of a base of +13.3% last year. The result was well below the +20% threshold and the lowest seen in the year-to-date. Fashion struggled online this week, as 53% of fashion respondents reported positive non-store growth, compared to 71% for homeware and 64% for lifestyle.

Clothing, Footwear & Accessories

  • Amazon have announced the testing of a private label lingerie and athleisure brand in the UK and Europe, as part of a wider launch of own-label fashion slated for autumn 2017. (Source: Drapers)
  • Debenhams have announced a turnaround strategy named “Debenhams Redesigned” aimed at boosting their appeal as destination for “social shopping”. The retailer will also review the future of 10 UK stores for closure over the next 5 years and exit some brands and non-core international markets. (Source: Company Press Release)
  • AlixParnters, the administrator appointed to Jaeger following failed sale attempts by the company’s private equity owner, Better Capital, have announced plans to close 20 stores. The move will impact 219 store jobs, while a further 44 redundancies are being made across their head office and distribution functions. (Source: Retail Week)
  • Juicy Couture, the fashion brand, have announced plans to close down their stores in the UK despite enjoying a recent revival. The retailer which currently has two London stores will soon only become available to British shoppers online. (Source: Verdict)

Juicy Couture, the fashion brand, have announced plans to close down their stores in the UK despite enjoying a recent revival.

  • Rylko, the Polish footwear chain, have announced plans to open their first store in the UK by the end of April 2017. The retailer will open a 700 sq.ft. store in the former Crew Clothing unit at 52 High Street in Marlow. (Source: Drapers)
  • Sainsbury’s have announced the launch of their new alliance with the American sportswear brand Russell Athletic. The move will enable Sainsbury’s to further grow market share and compete with high-street brands by offering customers the same style and quality at supermarket prices. (Source: Company Press Release)
  • Sports Direct have announced acquisition of US outdoor chain, Eastern Outfitters. Eastern Outfitters, which has almost 90 shops, is the parent company of Bob’s Stores and Eastern Mountain Sports. (Source: Retail Week)
  • The White Company have opened their upsized store at the Bluewater shopping destination after doubling their space to create a 5,881 sq.ft shop on the lower Guildhall. (Source: Retail Bulletin)
  • Zimmermann, the Australian fashion brand, have announced plans to open their first store in Mayfair, London before the end of 2017. The store will be opening on Bruton Street. (Source: Retail Week)

Zimmermann, the Australian fashion brand, have announced plans to open their first store in Mayfair.jpg

Electrical & Entertainment

  • The Entertainer have announced plans to open a shop in Barrow town centre. (Source: North-West Evening Mail)

Food & Drink

  • The Co-op have announced the strengthening of their executive team by appointing Helen Webb to the position of Chief HR Officer with immediate effect. (Source: Retail Week)
  • M&S have unveiled their five-year programme to improve their UK store estate to better meet the changing needs of customers. Of the 36 new store openings, 34 will be food-only shops with two larger clothing and home stores to be opened by July 2017. (Source: Company Press Release)
  • Carlsberg has spent GBP15m (US$m) on its latest UK campaign as it tries to create “thumbstoppable” content for today’s saturated digital market. (Source: Just Drinks)

Carlsberg has spent GBP15m (US$m) on its latest UK campaign as it tries to create thumbstoppable content for today's saturated digital market.

  • Sugarfina, the US upscale confectioner, have launched online in the UK. The company which specialises in luxury candies has also announced plans to open a branch network and build in-store wholesale and shop-in-shop accounts in the UK. (Source: Retail Week)

Household

  • B&Q have announced that their Chief Executive Officer, Michael Loeve, will step down from his position with immediate effect. He will be joining Netto International with effect from 1st September 2017. (Source: Retail Week)
  • Card Factory have appointed Kristian Lee as their new Chief Financial Officer. A start date will be agreed once his departure date from Edinburgh Woollen Mill has been finalised. (Source: Reuters)
  • QLM House and Home have announced plans to launch an e-commerce site and expand into home deliveries. The retailer stocks more than 20,000 products from their 15,000 sq.ft retail unit on Meanwood, Leeds. (Source: Verdict)
  • Sainsbury’s have revealed plans to convert 60 existing Argos stores to their new digital format and open 10 further Mini Habitat shop-in-shops in supermarkets in 2017-18 year, bringing the total to 17. (Source: Reuters)
  • Tesco have announced plans to sell their opticians business in the UK and Republic of Ireland to Vision Express in a move to further simplify their business and serve their shoppers better. (Source: Company Press Release)

Tesco have announced plans to sell their opticians business in

  • The Well pharmacy chain have appointed Ben Turner as their new HR director with immediate effect on a permanent basis following a six month interim term. (Source: Retail Bulletin)

Courtesy of: Barclays

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