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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 19th May 2017 #marketingweek

May 22, 2017

Company Results

Asda have reported a 0.9% increase in total sales for the 13 weeks to 28 April 2017. Like-for-like sales decreased by 2.8% for the same period. (Source: The Telegraph)
Booker Group have reported a 6.7% increase in sales to £5.3bn for the 52 weeks to 24 March 2017. Like-for-like sales increased by 0.5% while profit after tax stood at £153.8m for the same period.
Burberry have reported a 2.0% decrease in underlying revenue to £2.8bn for year ended 31 March 2017. Reported profit before tax stood at £395.0m for the same period.

Burberry have reported a 2.0% decrease in underlying revenue to £2.8bn for year ended 31 March 2017.

Clarks have reported a 7.8% increase in group turnover to £1.65bn for the year to 31 January 2017. Pre-tax profits stood at £19.9m for the same period. (Source: Verdict)
Moss Bros have reported a 3.7% increase in total sales for the 15 weeks to 13 May 2017. Like-for-like sales increased by 2.3% for the same period.
Mothercare have reported a 0.1% decrease in UK total sales to £459.4m for the 52 weeks to 25 March 2017, while UK like-for-like sales increased by 1.1% for the same period.

 

Lifestyle LFLs were up by +4.94% off of a negative base of -1.61% for the same week last year. The result marked its tenth week in positive territory. However, results were somewhat polarised across the sample with 57% reporting positive LFLs, with retailers of gifts and outdoor goods posting the strongest growth.

Fashion LFLs fell sharply into the negative this week. A lack of consistently warm weather saw sales down by –8.12% off of a base of +3.16% when warmer weather and buoyant footfall boosted sales. The result marked its fourth successive week of negative results and the lowest of the four. 75% of respondents reported negative LFLs this week, with 63% of those showing double-digit declines.

Homeware was the star performer this week, with LFLs up by +14.17% off of a weak base of -5.15% last year. Strong sales from department stores and furniture and soft furnishings retailers resulted in its third positive week in succession, and its best result of the year-to-date.

Non-Store LFLs were up by +13.70% this week off of a base of +16.03% for the same week last year. Despite a handful of very strong individual results, this was the fifth week in succession where LFLs have failed to reach the +20% growth threshold. 55% of fashion retailers reported positive non-store LFLs this week, as compared to 75% for lifestyle and 67% for homeware.

Clothing, Footwear & Accessories

Canada Goose, luxury outerwear brand, have announced plans to open two new flagship stores in London and Chicago this autumn. The London store in Regent Street will be the first Canada Goose shop in Europe. (Source: Drapers)
Dinny Hall, British jewellery brand, have signed up to take a new store at London’s Seven Dials. (Source: Retail Bulletin)
Eden Park, the French luxury fashion brand, have announced plans to open their first store in London later in 2017. (Source: Verdict)

Eden Park, the French luxury fashion brand, have announced plans to open their first store in London .jpg
JD Sports have announced that their acquisition plans for “Go Outdoors” retailer has been given approval by the Competition and Markets Authority. JD will take control of Go
Matches Fashion have announced plans to open an unconventional retail concept in London. The 5,000 sq.ft space at 5 Carlos Place will be spread over six floors and will accommodate retail, event and private client functions. (Source: Retail Week)
Net-a-Porter have appointed Elizabeth von der Goltz as their new Global Buying Director with immediate effect. Von der Goltz, former manager at Bergdorf Goodman in New York, will join Yoox Net-a-Porter Group’s London headquarters in mid-summer 2017. (Source: Drapers)
Quiz have reopened their Westfield Stratford City store as a new digital flagship following a refurbishment. (Source: Drapers)
Studio British, a new etailer which sells only UK brands, have announced plans to launch in September 2017. (Source; Drapers)

Studio British, a new etailer which sells only UK brands, have announced plans to launch in September 2017.jpg
Sports Direct have upped their investments in US businesses namely Iconix and Finish Line. Indiana-based Finish Line operates 660 sportswear stores across the US and Iconix owns a range of niche clothing brands including Artful Dodger and London Fog. (Source: Financial Times)

Food & Drink

The Co-op have signed an agreement with service station operator MRH to open seven convenience stores at roadside service stations. The grocery retailer will open their first store this month in Eastcote, Northwest London, followed by four more in the London area and two in Cambridgeshire. (Source: Retail Week)
Booths have announced that their Chief Executive Officer, Chris Dee, will step down from the role on 30 June 2017. Edwin Booth, fifth generation of the founding family, will assume both Chairman and Chief Executive roles. (Source: Telegraph)
Tesco have announced a partnership with Spoon Guru to help their customers with specific diets and tastes quickly and easily find food suitable when shopping online. The partnership is a first for UK grocery retail and will provide Tesco customers with a unique online and mobile shopping experience free of charge. (Source: Company Press Release)
Waitrose have appointed Martin George as their interim Customer Director with immediate effect replacing Rupert Thomas. Martin George will sit on the board and look after all aspects of marketing and customer relations. (Source: Retail Week)

Household

Bunnings have appointed David Haydon as Trading and Commercial Director for Homebase with effect from 30 June 2017. (Source: Retail Week)
Boots have appointed Reckitt Benckiser Executive, Richard Reed, to drive their UK trading and he will join the company next month. (Source: Retail Week)
Fenwick have announced Richard Pennycook has joined the company as their new Chairman with effect from 18 May 2017. (Source: Retail Week)
Ikea have announced plans to create 1,300 new jobs by the end of 2018 as the furniture retailer opens three new UK superstores in Sheffield, Exeter and Greenwich. (Source: BBC)

Ikea have announced plans to create 1,300 new jobs by the end of 2018 as the furniture retailer opens three new UK superstores
Mothercare have announced that their Chief Financial Officer and Executive Director, Richard Smothers has resigned. He will remain with the group 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)
Mothercare have also appointed Andy Harding as their new Chief Customer Officer on an interim basis with effect from July 2017. He used to work with House of Fraser as Chief Customer Officer. (Source: Drapers)
Shop Direct have announced that their Strategy and Communications Director, Dan Rubel, is leaving the business later in 2017. (Source: Retail Week)

Courtesy of: Barclays

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