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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 9th June 2017 #marketingweek

June 12, 2017

Company Results

AO.com have reported a 17.0% increase in total revenue to £701.2m for the year to 31 March 2017. UK Online sales increased by 14.5% to £557.9m while total UK revenue increased by 12.7% to £629.7m for the same period.

Boohoo.com Group have reported a 106.0% increase in revenue to £120.1m for the 3 months to 31 May 2017. Like-for-like revenue increased by 78.0% for the same period.

Boohoo.com Group have reported a 106.0% increase in revenue to £120.1m for the 3 months to 31 May 2017.jpg

Iceland have reported a 4.4% increase in sales to £2.8bn for the 52 weeks to 24 March 2017. Like-for-like sales increased by 2.0% for the same period.

Joules have reported a 19.6% increase in group revenue to £157.0m for the 52 weeks to 28 May 2017. Retail revenue increased by 19.4% while wholesale revenue increased by 20.3% for the same period.

Matalan have reported a 2.3% decrease in total sales to £1.0bn for the 52 weeks to 25 February 2017. EBITDA stood at £77.0m for the same period.

New Look have reported a 2.4% decrease in total group revenue to £1.5bn for the 52 weeks to 25 March 2017. New Look brand like-for-like sales decreased by 6.6% while UK like-for-like sales decreased by 6.8% for the same period.

Shoe Zone have reported a 2.3% decrease in revenue to £72.9m for the six months to 01 April 2017. Underlying profit before tax stood at £1.3m for the same period.

Lifestyle LFLs were down by -1.27% off of a strong base of +6.84% for the same week last year. The result marked its second negative week in a row as results were fairly polarised, with 44% of respondents reporting positive LFLs this week. Mixed fortunes were evident amongst retailers of gift items and health and beauty goods. Retailers of outdoor goods and department stores posted positive numbers, while retailers of electrical goods had a tougher week, and stationers did not receive the expected back-to-school boost during half term.

Fashion LFLs were up by +5.93% this week off an already positive base from the same week last year. The strong result marked the second positive week for fashion in a row, as warmer weather and increased footfall translated into sales. Some stellar individual retailer performances were evident this week, as 76% of respondents reported positive LFL growth.

Homeware LFLs were down by -3.97% this week off an already negative base of -5.50% last year. Despite some stand-out performances, homeware slipped to its third negative week in succession, irrespective of the Bank Holiday and the improved footfall.

Non-Store LFLs crashed back through the +20% threshold this week, up by +24.49% off of a base of +21.43% last year. Fashion fared well for non-store sales as well this week, with 81% of respondents reporting positive LFLs, with 80% of those showing double or even triple digit growth. This compared to 93% of lifestyle respondents reporting positive LFLs, and 67% for homeware.

Clothing, Footwear & Accessories

• A new kidswear store named Angel & Rocket has been launched by former M&S Director Kate Bostock and ex-Monsoon Chief Executive Rose Foster in Marlow, Buckinghamshire. (Source: Retail Week)

ASICS have launched their new global retail concept at their store on London’s Oxford Street. The new approach is centred on the ASICS ‘Sound Mind, Sound Body’ philosophy and aims to offer consumers a fully integrated, holistic sports environment combined with an innovative shopping experience. (Source: Retail Bulletin)

ASICS have launched their new global retail concept at their store on London_s Oxford Street.

Burberry have appointed property agent Cushman & Wakefield to conduct a review of their offices in London to aid their plans to move staff from the capital. (Source: Verdict)

Farfetch, the luxury fashion retailer, have appointed John Veichmanis as their new Chief Marketing Officer with immediate effect. Previously Senior Vice President of digital marketing at Farfetch, Veichmanis has succeeded the brand’s previous CMO Stephanie Horton. (Source: Retail Bulletin)

• Footwear Retailer Kurt Geiger have partnered with Aptos to introduce an advanced mobile-enabled POS system to enhance in-store customer engagement. Aptos Store, incorporating Mobile Store, will be rolled out across 62 Kurt Geiger stores in the UK and Ireland, as well as in their Italian outlet. (Source: Retail Bulletin)

Lidl have announced fashion collaboration with celebrity designer Heidi Klum. The collection is due to launch in the chain’s 650 UK stores by the end of 2017, with subsequent releases across Europe and in their new US outlets. (Source: Financial Times)

MeeBox the UK’s only subscription box dedicated to those who love nails, have followed up their most recent activation with River Island, by teaming up with Lost Format Society, the award winning Rooftop Bar and Cinema and Centrale Shopping Centre, Croydon. MeeBox were on hand to provide complimentary manicures to guests in attendance for the sold out rooftop cinema screening of Dirty Dancing to mark the 30th anniversary of the films release. (Source: Company Press Release)

FullSizeRender

Missguided have opened their first store outside of London at the Bluewater shopping centre. Situated on Bluewater’s lower Rose Gallery, the 16,200 sq.ft store has been designed by Dalziel & Pow as an immersive brand experience with floor-to-ceiling digital screens displaying Missguided’s most recent campaigns. (Source: Drapers)

Missguided have opened their first store outside of London at the Bluewater shopping centre

Shoe Zone have announced plans to take over up to 10 former Brantano stores as the retailer accelerates their roll-out of “big box” sites. The footwear retailer is bidding to snap up the parcel of larger, out-of-town locations in an effort to diversify their store portfolio. (Source: Retail Week)

Shoe Zone have also announced plans to bring their new out-of-town “big box” store concept to more affluent high street locations following a successful trial in Aberdeen during second half of 2017. (Source: Drapers)

Sports Direct have increased their portfolio of US investments. The retailer now has an economic interest equivalent to 13.3% of Iconix, which owns a range of clothing brands including Artful Dodger and London Fog. (Source: Verdict)

Thomas Pink, the shirt maker, have appointed John Ray as their new Creative Director with immediate effect. In his new position, he will be working towards a renaissance of the LVMH owned brand. (Source: Retail Bulletin)

Electrical & Entertainment

Robert Dyas have moved their headquarters from Leatherhead to Wimbledon, causing around 200 jobs to be relocated in the process. The move is aimed to integrate with their parent group, owned by chairman Theo Paphitis. (Source: Insight DIY)

Food & Drink

Amazon Fresh have plans to extend their food delivery map by delivering to 42 more postcodes in the south east of England. The expansion means that Amazon Prime members from Watford and St Albans to Berkhamsted and Luton will be able to order their weekly shop. (Source: The Times)

Booths have announced plans to supply their products in Fenwick Food Hall in Newcastle as part of a drive to expand into the Northeast and to raise the profile of their own-label goods. It is the first time that the supermarket chain, which operates across Lancashire, Cheshire, Greater Manchester, the Yorkshire region and Cumbria, has sold their products in a third-party store. (Source: Verdict)

Ocado have signed a licensing deal with a regional European retailer to use Ocado Smart Platform. Ocado will provide this partner with their full software platform, know-how and support services required to create an efficient and intelligent online grocery business. (Source: Company Press Release)

Poundland have announced plans to introde a “multi-price point” range of products costing more than £1 to bring in more clothing, improve their supply chain and optimise their network of stores. (Source: Verdict)

Spirits sales generated more tax than sales of beer in the UK for the first time, according to recently-released figures.

Sainsbury’s have revealed plans to double their range of non-dairy milks in 300 stores across the UK after seeing growth in the category in 2016. (Source: Retail Bulletin)

Tesco have announced plans to celebrate their commitment to working with British farmers by participating in four major agricultural shows for summer 2017. The supermarket will have a presence at the Royal Cornwall Show, the Royal Highland Show, the Great Yorkshire Show and the Royal Welsh Show. (Source: Retail Bulletin)

The Bordeaux Wine Council (CIVB) is to launch its biggest UK marketing campaign. (Source: Just Drinks)

The Bordeaux Wine Council (CIVB) is to launch its biggest UK marketing campaign..jpg

Household

Go Outdoors have announced that their Chief Executive Officer, Chris Matthews, has stepped down after four years at the retailer. Chris will be succeeded by the company’s current Chief Financial Officer, Claire Webb, who will take the title of Managing Director and report directly to JD Sports Executive Chairman Peter Cowgill. (Source: Retail Week)

Habitat have launched a new homewares collection in collaboration with supper club duo Laura Jackson and Alice Levine. The capsule collection features a range of hand-woven table and kitchen linens such as an apron, tea towels, a runner, tablemats and napkins. (Source: Retail Week)

Leesa, the American mattress-in-a-box online retailer, have announced plans to launch a pocket spring memory foam hybrid model in the UK. (Source: Retail Week)

Courtesy of: Barclays

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