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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 12th May 2017 #marketingweek

May 15, 2017

Company Results

The Hut Group have reported a 50.0% increase in group sales to £501m for the 12 months to 31 December 2016. International sales increased by 89% to £316m for the same period.
Lookers have reported a 17.0% increase in gross profit on new cars and 9.0% increase on a like-for-like basis for the Q1 ending 31 March 2017. (Source: AM Online)
Monsoon Accessorize have reported a 9.2% decrease in total sales to £422.1m for the year ended 27 August 2016. UK total sales decreased by 6.8% to £311.9m while UK like-for-likes decreased by 6.0% for the same period. (Source: Retail Week)
Supergroup have reported a 24.2% increase in group revenue to £416.6m for the 26 weeks to 29 April 2017. Retail revenue increased by 17.5% to £286.4m while retail like-for-like revenue increased by 12.5% for the same period. Wholesale revenue increased by 42.1% to £130.2m for the same period.

Supergroup have reported a 24.2% increase in group revenue to £416.6m for the 26 weeks to 29 April 2017.
Supergroup have also reported a 27.2% increase in group revenue to £750.6m for the 52 weeks to 29 April 2017. Retail revenue increased by 20.6% to £501.6m while retail like-for-like sales increased by 12.7% for the same period. Wholesale revenue increased by 42.9% to £248.9m for the same period.

Lifestyle LFLs were up by +9.07% off of a base of -1.44% last year. The result marked its ninth positive week in succession, of which this week was the best. The Bank Holiday boosted sales of gift items and overall sales at some department stores, while bringing a degree of relief to some electrical goods retailers.

Fashion LFLs were down by -3.67% this week, but off of a positive base of +3.87% for the same week last year when the weather was significantly warmer. Despite the negative result, 38% of respondents reported positive in-store results this week, with a notably positive week for high end brands.

Homeware was the star performer this week, with LFLs up by +9.45% off a weak base of -5.80% last year. Benefitting from increased footfall at retail parks in context of the Bank Holiday, furniture, soft furnishings and kitchenware retailers were all evident amongst those experiencing an in-store boost in sales this week.

Non-Store LFLs were up by +17.36% this week off of a base of +20.04% last year. The result marked the fourth week in a row that non-store sales have been below the +20% threshold, but it was also the strongest of those four weeks. 61% of fashion retailers reported positive non-store growth this week, as compared to 83% for lifestyle retailers and 57% for homeware.

Clothing, Footwear & Accessories

Anna-Karin Karlsson, the luxury fashion eyewear, have collaborated with Harrods as part of the department store’s “Social butterfly” campaign. During May 2017 and June 2017, the Swedish brand will be curating a space on the ground floor of the store. (Source: Retail Bulletin)

Anna-Karin Karlsson, the luxury fashion eyewear, have collaborated with Harrods as part of the department store’s “Social butterfly” campaign.jpg
Chisholm Hunter, a Scottish-based jeweller and diamond merchant, have unveiled plans to grow their store portfolio in England after securing a multi-million bank funding deal. (Source: Verdict)
House of Fraser have announced the appointment of Alex Williamson, current CEO of Goodwood Group, as their new Chief Executive Officer with effect from 31 July 2017. (Source: Company Press Release)
House of Fraser have also announced the acquisition of Issa, a premium fashion brand, and plans to launch the new range which will be available both in-store and online from Autumn/Winter 2017. (Source: Company Press Release)
JoJo Maman Bébé, the UK-based multi-channel maternity wear and baby clothing retailer, has named Jaeger’s former trading director Gwynn Milligan as their new Commercial Director to help drive the business. (Source: Drapers)
LK Bennett have announced that Linda Bennett, the founder of the fashion chain, is returning in an advisory role as the company ponders their next steps in a tough retail environment. (Source: Telegraph)
Matchless, the motorcycle-inspired clothing brand, have opened their London store in Mayfair offering menswear and womenswear with shoes and accessories. (Source: Drapers)

Matchless, the motorcycle-inspired clothing brand, have opened their London store in Mayfair
Phase Eight have announced the appointment of James Williams as their new Director of Marketing and online trading. (Source: Retail Week)
Smashbox Cosmetics, the Los Angeles based beauty brand, have opened their first standalone store in the South East at the Bluewater retail and leisure destination. Situated on the Upper Rose Gallery, the 889 sq.ft shop recreates the look and feel of the legendary Smashbox Photo Studios in Los Angeles. (Source: Retail Bulletin)

Electrical & Entertainment

Amazon have also announced plans to open a 60,000 sq.ft development centre by the end of 2017 in Cambridge and will hire over 400 employees to deliver innovations across their drone and Echo devices. (Source: CNBC)
Amazon have also added to the collection of their membership scheme with the roll-out of Prime Live Events, allowing users exclusive access to live concerts. The scheme has launched in the UK and will allow users to buy tickets to music concerts at intimate venues. (Source: Retail Week)
Icandy, the gifting retailer, have entered administration and closed four of their 14 outlets resulting in 22 job losses as they seek a buyer. (Source: Retail Week)

Food & Drink

Aldi have unveiled plans to quadruple their UK store footprint as the supermarket envisions having up to 2,600 UK stores. Aldi had set a target to reach 1,000 stores by 2022. (Source: The Guardian)
Sainsbury’s have opened their 100th store in Scotland in a move creating 64 jobs. The outlet, on Gordon Street in Glasgow, was opened by Scottish economy and jobs secretary Keith Brown and Sainsbury’s Chief Executive Mike Coupe. (Source: Verdict)
Sainsbury’s have also announced the appointment of Phil Jordan as their new Group Chief Information Officer. He will join the business in January 2018 and will be a member of Sainsbury’s Operating Board, reporting to Group Chief Executive, Mike Coupe. (Source: Company Press Release)
Tesco have enabled grocery ordering via voice-activated Google home assistant. This means that customers can order groceries by issuing commands to the Wi-Fi connected device. (Source: The Grocer)
Tesco have also extended their “Delivery Saver” scheme, a subscription service for online orders, introducing monthly membership plans. The new monthly plans offer customers the benefits and flexibility of Delivery Saver without having to commit to a six month or yearly plan. (Source: Company Press Release)
Dunnhumby, Tesco’s research firm, has teamed up with Twitter in an effort to prove the effectiveness of running campaigns on the platform to FMCG advertisers. Tesco’s active ClubCard users (managed by Dunnhumby) and Twitter’s active UK users will be similarly linked to judge the effect of ad exposure on actual sales. (Source: The Drum)

Household

Hillarys, the maker and seller of made-to-measure blinds and floorings, have been sold to Hunter Douglas. The company said that they would make no changes to Hillarys’ senior management team. (Source: Reuters)
Mothercare have announced that Richard Smothers has resigned from his position as Chief Financial Office and Executive Director. He will remain with the company until a successor has been identified and an appropriate transition plan is put in place, which is expected to be towards the end of 2017. (Source: Company Press Release)

Courtesy of: Barclays

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