Skip to content

#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 2nd June 2017 #marketingweek

June 5, 2017

Company Results

Caffyns, the new and used car dealer, have reported a 14.0% increase in revenue from continuing operations to £212.6m for the year to 31 March 2017. Like-for-like new car unit sales increased by 9.3% while like-for-like used car unit sales increased by 15.9% for the same period.

Schuh have reported a 5.3% increase in sales to £280.9m for the year to 31 January 2017. Pre-tax profits increased by 9.3% to £16.6m for the same period. (Source: Drapers)

Lifestyle LFLs were down by -2.49% off of a negative base of -4.81% for the same week last year. Retailers of outdoor goods and electrical goods had a challenging week, as did some gift retailers, while stationers will be waiting for a back-to-school boost in the coming weeks.

Fashion LFLs were up by +2.15% this week, but off of a poor base of -8.27% for the same week last year. The result marked the first positive week for fashion in six weeks. The result was boosted by some stand-out in-store performances, despite 54% of respondents reporting negative LFLs.

Homeware LFLs were down by -13.93% this week, but off of a very strong base of +20.90% for the same week last year. Despite the increased footfall at retail parks, department stores and furniture retailers experienced a more challenging week for homeware sales.

Non-Store LFLs were up by +29.67%, smashing through the +20% threshold for the first time in seven weeks. However, the growth was coming off of a weak base of +10.28% for the same week last year. The sustained warm weather helped non-store fashion LFLs, with 65% of respondents reporting positive results, and with 91% of those seeing double, or even triple digit growth. Meanwhile 55% of lifestyle respondents reported positive LFLs, compared to 33% for homeware.

Clothing, Footwear & Accessories

Asos have made plans to enter the beauty market, launching an app and exploring own-brand beauty opportunities. The millennial-focused etailer is currently testing their beauty app with consumer panels. It aims to allow customers to try products before they buy. (Source: Retail Week)

Azzedine Alaïa have announced plans to open their first store in London at 139 New Bond Street. The luxury label store will cover 6,000 sq.ft over three floors. (Source: Drapers)

Azzedine Alaïa have announced plans to open their first store in London at 139 New Bond Street.

Jack Wills have announced plans to open a new shop in Sylt, northern Germany, with plans to open 11 more international stores. The British fashion brand is expanding in Europe to offset the impact of the drop in the pound. (Source: Drapers)

Edinburgh Woollen Mill have confirmed the acquisition of the Jaeger brand as part of plans to launch a new 50-store department chain named ‘Days’, the first of which opened in Carmarthen, Wales. The Days store opened in a former BHS site and will house all the Edinburgh Woollen Mill group brands. (Source: The Guardian)

Harrys of London have announced plans to open the British shoe brand’s first store in the US. The first store would be located on Park Avenue in New York and would sell shoes ranging from £375 to more than £3,000. (Source: Verdict)

H&M Group’s new fascia, Arket, have announced plans to open their second UK store and third globally in London’s Covent Garden later this year. (Source: Drapers)

H&M Group_s new fascia, Arket, have announced plans to open their second UK store

The Hut Group have acquired technology firm UK2. The retail group, which owns health and beauty brands said the acquisition will enhance their ecommerce platform. The retailer also plans to create 1,000 tech jobs in the north over the next three years. (Source: Verdict)

M&S have partnered with West End shopping platform “Dropit” in two of their London stores, allowing customers to have their shopping picked up by courier. Customers can now choose to leave their shopping behind once they’ve paid for it, rather than carrying it with them during the rest of their shopping trip. (Source: Retail Week)

M&S have also announced plans to aid deprived UK communities by providing training and £50,000 grants to start-up businesses. The retailer has also pledged to halve their food waste by 2025 and raise £25.0m for mental health, heart and cancer charities. (Source: Verdict)

Next have secured a former Sainsbury’s supermarket in the West Midlands as the retailer prepares to launch one of their biggest UK stores. Expanded from 32,000 sq.ft to 75,680 sq.ft, the store located at Intu Merry Hill is poised to open next spring and will feature a full homewares offer, Lipsy and a coffee shop. (Source: Retail Week)

Primark have announced the opening of a branch in Florence in June 2017. The new store in the suburban Gigli shopping mall is Primark’s third in Italy, after the retailer launched shops in Brescia and Milan in 2016. (Source: Verdict)

Sweaty Betty have launched a new collection of tennis-inspired womenswear to cash in on the upcoming Wimbledon tournament. (Source: Retail Week)

Sweaty Betty have launched a new collection of tennis-inspired womenswear to cash in on the upcoming Wimbledon tournament.jpg

Electrical & Entertainment

Dixons Carphone have announced a new partnership with Tesco which will see two Currys PC World concessions opening within Tesco Extra stores. The first store is scheduled to open in July 2017 at Tesco’s Milton Keynes Extra store, followed by a second concession at their Weston Favell Extra store in Northampton by 31st August 2017. (Source: Company Press Release)

Food & Drink

Asda have announced reduction of their payment terms for small suppliers to 14 days as the grocer plans to work more effectively with their supply base. The supermarket said the move will benefit around 1,200 small suppliers whose business with Asda is worth up to £250,000. (Source: Drapers)

Tesco have announced plans to a wider roll-out of robot deliveries after linking up with the hi-tech firm Starship Technologies. The supermarket had a successful trial after delivering a food order using a six-wheeled buggy to an address in central London as part of their wider Tesco Now one-hour delivery trial. (Source: Daily Mail)

Gosling-Castle Partners has lined up the first national television campaign for its Goslings Rum brand. (Source: Just Drinks)

Gosling-Castle Partners has lined up the first national television campaign for its Goslings Rum brand.

Household

Harvey Nichols have announced that Pearson Poon, the son of company’s owner Dickson Poon, has joined the department store’s management board. (Source: Verdict)

ScS have announced that Managing Director, Kevin Royal will step down from his role after more than 35 years with the business. Kevin will remain with the retailer until early 2018 in order to oversee a handover process with his successor. (Source: Retail Week)

• French furniture retailer Silvera have announced plans to launch their first London showroom on Chelsea’s King’s Road in June 2017. The 500 sq.m London store spans two floors and has been designed by French architectural firm Jouin Manku. (Source: Retail Bulletin)

Courtesy of: Barclays

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: