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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 28th April 2017 #marketingweek

May 1, 2017

Company Results

  • Boohoo.com have reported a 51.0% increase in revenue to £294.6m for the 12 months to 28 February 2017. Profit before tax stood at £30.9m for the same period.

Boohoo.com have reported a 51.0% increase in revenue to £294.6m for the 12 months to 28 February 2017. Profit before tax stood at £30.9m for the same period.  .jpg

  • Carpetright have reported a 1.6% increase in group sales for the 12 weeks to 22 April 2017. Total UK sales decreased by 0.1% while UK like-for-like sales increased by 1.4% for the same period.
  • N Brown have reported a 4.0% increase in total group revenue to £900.7m for the 53 weeks to 04 March 2017. Statutory profit before tax stood at £57.6m for the same period.
  • Pendragon PLC have reported a 17.6% increase in underlying profit before tax for three months to 31 March 2017. Revenue increased by 10.4% on like-for-like basis for the same period.
  • Travis Perkins have reported a 4.9% increase in total group sales for the quarter to 31 March 2017. Group like-for-like sales increased by 2.7% for the same period.

Lifestyle was the star performer this week with LFLs up by +2.06%, off of a base of 2.01% for the same week last year. The result marked its seventh successive week of growth. A positive performance amongst retailers of gifts and outdoor goods boosted the result this week.
Fashion LFLs were down by -3.43% this week off of a very poor base of -11.71% seen last year. As the post-Easter week saw footfall on the high street decline further from a poor week last year, fashion retailers were faced with a very tough set of trading conditions that inhibited sales. 68% of fashion respondents reported negative LFLs in-store this week. Retailers will be hoping that sales pick up now that the late Easter has passed.
Homeware LFLs were down by -3.38% this week, its fifth negative week in a row. However, the decline was coming off of a very strong base of +12.60% seen last year. Homeware retailers benefitted from footfall at retail parks, which was the only shopping location to see an increase in shopper numbers this week, as compared to the same week last year.

Non-store LFLs were up by +13.28% this week off of a base of +12.83% last year. This week’s result marked the second week in a row in which non-store growth was well below the +20% threshold. Retailers generally fared somewhat better with non-store sales this week however, as 58% of fashion respondents reported positive LFLs, as compared to 69% for lifestyle and 50% for homeware.

Clothing, Footwear & Accessories

  • Boden, the home shopping specialist, have announced plans to open concessions in five John Lewis department stores. The womenswear concessions will open in October 2017 at John Lewis shops in London’s Oxford Street, Cambridge, Oxford, Reading and Southampton. (Source: Retail Week)

Boden, the home shopping specialist, have announced plans to open concessions in five John Lewis department stores.

  • Estée Lauder have partnered with Perfect Corp to launch the smart technology app ‘YouCam Makeup’ in Selfridges stores across the UK. Thought to be the first Augmented Reality beauty app available in UK retail outlets, it has been designed to give shoppers the opportunity to “try on” all 30 Estée Lauder shades in real-time or on a static photo directly through the app. (Source: Retail Bulletin)

Estée Lauder have partnered with Perfect Corp to launch the smart technology app ‘YouCam Makeup’ in Selfridges stores across the UK..jpg

  • H&M have announced plans to launch a new loyalty scheme in the UK on 23rd May 2017, which will provide one point for every pound spent in store and on online. Members will have the chance to attend global launch events and parties for H&M’s collaborations and campaigns, as well as the opportunity to shop these collections before anyone else. (Source: Drapers)
  • Hope, the fashion etailer, has launched a crowdfunding campaign to finance expansion. Hope aims to raise £500,000 to expand into wholesale, build their digital operations and push into new international markets. (Source: Retail Week)
  • M&S have announced a new contract with Mark and Neal Lindsay, the sourcing directors who have been instrumental in improving the British clothing retailer’s profit margin. (Source: Reuters)
  • Missguided, the fast fashion retailer, have expanded their beauty range with the launch of their first fragrance. The fashion etailer will be selling the perfume, entitled Babe Power, across their online offer and in store. (Source: Retail Week)

Missguided, the fast fashion retailer, have expanded their beauty range with the launch of their first fragrance.

  • N Brown, the online fashion retailer, have unveiled a tie-up with Tesco to sell their plus-sized ranges on the supermarket’s website and in four eastern European shops. (Source: Telegraph)
  • Outfit, Arcadia’s multi-brand fascia, have announced plans to open their first high-street store in May 2017 in a former BHS unit in Newcastle. The high-street store will be the retailer’s 78th UK outlet, the remainder of which operate in out-of-town locations. (Source: Retail Week)
  • Paul & Shark, the Italian lifestyle brand, have opened their first UK flagship store at St James’s Market on Regent Street in London. The 2,000 sq.ft store is housed in a grade two-listed building and features a wall of digital screens and bespoke fixtures in polished stainless steel, offering both men’s and womenswear. (Source: Drapers)
  • TopShop have announced that their Trading Director, James Mooney, is leaving the business with immediate effect. He has spent his career at the fashion group, joining Burton’s training scheme before going on to become their head of merchandising. (Source: Retail Week)
  • Vivobarefoot, the London-based barefoot shoe company, have launched a new shoe collection in partnership with Betabrand, a San Francisco-based crowdfunding clothing platform. (Source: Retail Bulletin)

Vivobarefoot, the London-based barefoot shoe company, have launched a new shoe collection in partnership with Betabrand.jpg

  • Weird Fish, the clothing retailer, have announced a secondary management buy-out. The retailer will use the funds to grow their online sales, open new stores in holiday locations around the UK and expand their product ranges. (Source: Retail Week)
  • Zara have announced the opening of a new 41,731 sq.ft store in Westfield mall in London’s Shepherd’s Bush. (Source: Retail Week)

Electrical & Entertainment

  • Amazon have announced plans to create 1,200 new permanent jobs as they open a new warehouse in Warrington where staff will work alongside company’s robotics technology. The new fulfilment centre, as part of a significant expansion across the UK, will take Amazon’s workforce in Britain to 24,000 by the end of 2017. (Source: The Guardian)
  • Clinton Cards have announced the launch of range of plush toys based on the characters from their Herbie & Friends range of cards, gifts and stationery. The toys will form part of an expanded gift range, which will include more bath and body products, luxury chocolates and candles. (Source: Verdict)

Clinton Cards have announced the launch of range of plush toys based on the characters from their Herbie & Friends

  • The Entertainer, the high street toy retailer, have announced expansion plans across three of their stores with existing franchise partner Ermes in Cyprus. (Source: Company Press Release)

Food & Drink

  • John Lewis have launched “National Treasures”, a summer celebration of the UK’s favourite things. Working with 100 British brands, the programme will include interactive master-classes, seminars, Q&A’s and workshops taking place in shops nationwide till 20th August 2017. (Source: Retail Bulletin)
  • M&S have announced plans to launch an online grocery shopping service in Autumn 2017. The retailer confirmed that a team of executives are currently drawing up a battle plan ahead of trials, allowing M&S customers to order food online and have it delivered to their home. (Source: The Guardian)
  • BrewDog has unveiled details of its spirits venture, LoneWolf, which comprises a gin and a vodka as the Scottish craft brewer expands beyond the beer category.

BrewDog has unveiled details of its spirits venture, LoneWolf, which comprises a gin and a vodka as the Scottish craft brewer expands beyond the beer category..jpg

Household

  • Amazon have launched a weather-based personalisation tool, that uses weather data to offer customers products that are relevant to the current weather conditions in their area. The function was developed by Amazon based on seasonal sales research going back to 2013 and uses an algorithm to suggest weather-appropriate purchases based on consumer locations. (Source: Drapers)
  • B&Q have launched their first pop-up garden event in Soho Square, London, as they reappraise their brand image to attract a new, younger market. (Source: Retail Week)
  • Bunnings have taken up a former 75,000 sq.ft B&Q store in Folkestone, which they plan to convert into their fifth UK Bunnings Warehouse. The store is expected to open as a Bunnings Warehouse in July 2017, with an additional 40 full- and part-time employees. (Source: Retail Week)
  • DFS have announced the appointment of Ian Durant as their new Chairman with effect from 2nd May 2017. Ian is currently Chairman at Greggs and Capital and Counties Properties. (Source: Company Press Release)
  • Eve Sleep, the online mattress retailer, have announced plans to raise £35.0m in an initial public offering on the London Stock Exchange. The start-up is exploring a public listing that could value the two-year-old firm at up to £200.0m. (Source: Retail Week)

Eve Sleep, the online mattress retailer, have announced plans to raise £35.0m in an initial public offering on the London Stock Exchange.jpg

  • Molton Brown, producer of luxury bath and body care items, have announced plans to open a new store at the Silverburn shopping centre in Glasgow in summer 2017. The 107 sq.m unit will offer the brand’s collection of signature fragrances for men and women, bath and shower gels, and home and hand care products. (Source: Retail Bulletin)
  • The Range, the homeware and garden retailer, have appointed Nigel Oddy as their new Chief Executive Officer with effect from 1st May 2017. Nigel was previously Chief Executive Officer of House of Fraser. (Source: Drapers)
  • Wyevale Garden Centres have announced the appointment of David Anderson as their new Retail Operations Director with effect from 2nd May 2017. David was previously working as International managing director at BHS. (Source: Retail Week)

Courtesy of: Barclays

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