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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 5th May 2017 #marketingweek

May 8, 2017

Company Results

  • Missguided have reported a 75.0% increase in revenue to £206.0m for the 12 months to 31 March 2017. (Source: Drapers)

Missguided have reported a 75.0% increase in revenue to £206.0m for the 12 months to 31 March 2017.

  • Morrisons have reported a 2.8% increase in total sales (excluding fuel) for the 13 weeks to 30 April 2017. Group Like-for-like sales (excluding fuel) increased by 3.4% for the same period.
  • Next have reported a 3.0% decrease in total full price sales for the 13 weeks to 29 April 2017. Next Retail full price sales decreased by 8.1% while Next Directory full price sales increased by 3.3% for the same period.
  • Monster Beverage Corp’s partnership with The Coca-Cola Co continues to reap dividends as Q1 sales and profits soared on the back of increased distribution.
  • Sainsbury’s have reported a 12.7% increase in group sales (including VAT) to £29.1bn for the 52 weeks to 11 March 2017. Like-for-like sales (including VAT, excluding fuel) decreased by 0.6% while retail sales (including VAT, excluding fuel) increased by 12.6% for the same period. Underlying profit before tax stood at £581.0m.

 

Lifestyle LFLs were up by +3.94% off of a base of -0.54% for the same week last year. Outdoor goods sold well this week, leading the charge with sales of gift and health and beauty items. The result was the eighth positive week in a row for lifestyle.

Fashion LFLs were down by -3.07% off of a negative base of -6.30% for the same week last year. It was the second week in succession where fashion had fallen further off of a weak base. However, despite the poor total, results were polarised, with 50% of respondents reporting positive LFL growth. Of those reporting negative LFLs, 44% posted a double digit decline on the same week last year.

Homeware LFLs were up by a marginal +0.10% off of a base of +0.40% for the same week last year. This was the first positive sales growth reported for homeware in six weeks. While furniture sales had a tough week, department stores performed well, and discounting boosted sales for some retailers of soft furnishings, curtains and blinds.

Non-Store LFLs were up by +11.13% off of a base of +16.2% for the same week last year. This is the third week in a row that non-store LFL growth has been well below the +20% threshold. 55% of fashion retailers reported positive non-store growth this week, as compared to 75% for lifestyle retailers and 67% for homeware.

Clothing, Footwear & Accessories

  • Amazon have introduced their own-label fashion brand named ‘Find’ ahead of a bigger launch scheduled for late summer in 2017. (Source: Drapers)
  • Asos have announced termination of their contract with employment agency Transline as the agency tries to fend off insolvency. (Source: The Guardian)
  • Theo Paphitis has announced plans to increase international sales at lingerie chain Boux Avenue, after investing in new IT systems and a dedicated distribution centre. (Source: Verdict)

Theo Paphitis has announced plans to increase international sales at lingerie chain Boux Avenue

  • Burberry have announced plans to transfer around 300 of their head office staff to a new base in Leeds, Yorkshire. (Source: Company Press Release)
  • Burberry have also announced the appointment of Judy Collinson as their new Chief Merchandising Officer with effect from 8th May 2017. Judy succeeds Paul Price, who leaves Burberry to pursue a new opportunity. (Source: Company Press Release)
  • Debenhams have announced the appointment of two new executive directors, Angela Morrison as Technology & Supply Chain Director and Sally Hyndman as HR Director, with effect from May 2017. (Source: Drapers)
  • Guess have opened their biggest store to date outside of London on Liverpool ONE’s Paradise Street. (Source: Retail Bulletin)

Guess have opened their biggest store to date outside of London on Liverpool ONE’s Paradise Street.

  • Kit and Ace, the Canadian casualwear label, have announced closure of their stores in the UK, Australia and the US as part of their strategy to simplify their business plan and operations. (Source: Drapers)
  • M&S have announced the appointment of Archie Norman as their new Non-Executive Chairman with effect from 1st September 2017. He will succeed Robert Swannell who will retire from the Board on that date. (Source: Company Press Release)
  • Hammerson and Appear Here are pleased to announce the launch of Up Market, an initiative to introduce new and emerging independent retailers to Hammerson’s UK portfolio of leading shopping centres. (Source: Press Release)
  • M&S have also announced the appointment of Jill McDonald as their new Managing Director, Clothing, Home & Beauty division with effect from autumn 2017. (Source: Company Press Release)
  • Pep&Co have plans to close up around 10 of their standalone store estate in favour of shop-in-shop formats at nearby Poundland outlets. The retailer is closing two stores in their 60-strong standalone estate in May 2017 in Cymbran, Wales and Chatham, Kent and replacing them with concessions in local Poundland stores. (Source: Retail Week)
  • River Island in Marble Arch launched their very first beauty hub in collaboration with MeeBox, a fun subscription box company devoted to all things nails. To mark the occasion, they served up freebie manis this past weekend, inspired by the shop’s latest collections. (Source: Timeout London)

MeeBox, River Island, Oxford Circus

  • Superdrug have announced plans to the relaunch their premium beauty brand B. Makeup to target the vegan market. The brand was originally launched in 2013 with the mission to offer vegan, cruelty free beauty and grooming products at an accessible price. (Source: Retail Bulletin)
  • Victoria’s Secret have announced plans to launch a new store at Intu Milton Keynes. The new 8,258 sq.ft shop will be situated on East Walk and will stock the brand’s full collections including Victoria’s Secret PINK. (Source: Retail Bulletin)

Electrical & Entertainment

  • The Card Factory have announced plans to expand their stores in Ireland. The firm has established a company to lead the expansion, with plans to open a total of about 50 stores a year. (Source: Retail Week)
  • Robert Dyas have announced plans to move their head office in Leatherhead, Surrey into their parent company’s retail group Wimbledon headquarters. (Source: Verdict)

Food & Drink

  • Co-op stores have switched all their fresh meat to British-only. The retailer said they made the move to sell only home-sourced meats amid rising imports. (Source: Verdict)
  • Morrisons have introduced their ’Eat Smart’ healthy-eating range as the retailer bids to further enhance their own brand credentials. (Source: Retail Week)
  • Sainsbury’s have announced partnership with upmarket cake brand Patisserie Valerie. The partnership will see Sainsbury’s offer Patisserie Valerie cakes at 12 of their patisserie counters on a trial basis. (Source: Company Press Release)
  • Sainsbury’s have also announced partnership expansion of their tie-up with Sushi Gourmet and has plans to roll out 30 more Sushi Gourmet-branded sushi counters by the end of 2017, following a successful pilot of sushi counters in 20 stores. (Source: Company Press Release)
  • Tesco have announced the roll out a month-long campaign to bolster their health food offer in-store, including price cuts on healthy products and TV advertising. The grocer’s new campaign, entitled ‘Little Helps to Healthier Living’ was launched on 02nd May 2017. (Source: Retail Week)

Household

  • Dobbies, garden centre group, have struck a five year deal with Ocado to expand their UK deliveries. The UK’s second biggest garden centre chain plans to launch the service early next year to serve the whole of the UK. (Source: Verdict)
  • Eve Sleep, online mattress retailer, have unveiled their plans to float on the AIM, the London Stock Exchange’s high-growth market. (Source: Financial Times)

Eve Sleep, online mattress retailer, have unveiled their plans to float on the AIM, the London Stock Exchange’s high-growth market

  • Sports Direct have announced that Claire Jenkins has resigned with immediate effect from her position as a Non-Executive Director of the Company. (Source: Company Press Release)

Courtesy of: Barclays

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