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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 6th October 2017 #marketingweek

October 9, 2017

Company Results

DFS Furniture PLC have reported a 1.1% increase in gross sales to £990.8m for the 52 weeks to 29 July 2017. Profit before tax decreased by 22.3% to £50.1m for the same period.
Greggs have reported an 8.6% increase in total sales for the 13 weeks to 30 September 2017. Like-for-like sales increased by 5.0% in company-managed shops for the same period.
HMV have reported an 8.0% decrease in revenue to £300.0m for the year to 31 December 2016. Loss before tax stood at £8.3m for the same period. (Source: Verdict)

HMV have reported an 8.0% decrease in revenue to £300.0m for the year to 31 December 2016
Lakeland have reported a 6.5% decrease in revenue to £167.2m for the year to 31 December 2016. Operating profit decreased by 59.0% during the same period. (Source: Verdict)
Made.com have reported a 48.0% increase in sales to £91.0m for the year to 31 December 2016. UK revenue increased by 38.0% for the same period. (Source: Retail Week)
ScS Group PLC have reported a 4.4% increase in gross sales to £349.5m for the year to 29 July 2017. Like-for-like orders decreased by 0.7% for the same period.
Shop Direct have reported a 5.6% increase in like-for-like sales to £1.9bn for the 52 weeks to 01 July 2017. Underlying pre-tax profit increased by 10.2% to £160.4m for the same period.
Tesco have reported a 0.7% increase revenue at constant rates to £25.2bn for the 26 weeks to 26 August 2017. UK like-for-like sales increased by 2.2% for the same period.
Topps Tiles PLC have reported a 2.9% decrease in like-for-like revenues for the 52 weeks to 30 September 2017.
Vantage Motor Group have reported a 25.0% increase in turnover to £262.0m for the year to 31 December 2016. Pre-tax loss stood at £134,000 for the same period. (Source: AM Online)

Lifestyle LFLs fell into the negative for the first time in fifteen weeks, down by –1.77%. The result was coming off of a base of +1.00% for the same week last year. Retailers of outdoor goods, electrical goods and some gift retailers saw a decline in sales this week.

Fashion LFLs dropped significantly this week, down by -7.88% from a base of -0.30% for the same week last year. Following three positive weeks in a row, poor footfall hurt sales this week as fashion LFLs dropped to their lowest level in sixteen weeks. 73% of respondents reported negative LFLs this week.

Homeware was the star performer this week, with LFLs up by +5.43% from a solid base of +12.80% for the same week last year. The result marked the third positive week in succession for homeware and its best week in eight weeks.

Non-store LFLs were up by a fairly mediocre +15.50% as some retailers withdrew discounting of summer stock this week. The result was well below the +20% threshold and significantly down from last week’s strong result (+41.56%). However, the result this week was coming off of a strong base of +28.12% last year.

Clothing, Footwear & Accessories

ASOS have signed a Global Framework Agreement (GFA) with IndustriALL, a sectorial trade union organisation. The agreement is designed to strengthen Asos’ implementation of labour laws in factories producing its own-brand clothing. (Source: Company Press Release)
The Body Shop have announced the appointment of David Boynton as their Chief Executive Officer, effective from December 2017. David will oversee the retailer’s global operations and strategy. (Source: Reuters)
Burberry have announced that they have transferred their long-term exclusive global beauty business licence to a US beauty company, Coty. The partnership aims to boost the growth of Burberry’s beauty division. (Source: Retail Gazette)

Burberry have announced that they have transferred their long-term exclusive global beauty business licence to a US beauty company, Coty.jpg
Colette by Colette Hayman, an Australian handbag brand, have announced plans to open their first store in at Westfield Stratford City shopping centre, Manchester in October 2017. This will be followed by a second store opening at Manchester Arndale in November 2017. (Source: Drapers)
Dr. Martens have announced that Steve Murray, their Chief Executive Officer, has stepped down from the business with immediate effect. Paul Mason, the current Chairman, has replaced Steve on an interim basis. (Source: Bloomberg)
H&M Group have announced the opening of their second UK branch of their brand, Arket, in Covent Garden, London. (Source: Retail Week)
The Hut Group have acquired a cosmetics brand, Illamasqua. Established in 2008, Illamasqua have stores in Leeds, Liverpool and London. (Source: Telegraph)
Jack Wills have announced that Derek Lovelock, their Chairman, is stepping out of the organisation with immediate effect. Derek will be replaced by Richard Wyatt, vice-chairman of Rothschild. (Source: The Times)
John Lewis have announced the appointment of Chris Harris, the current Property Director of Arcadia Group, for the same role with the retailer. Chris will join the organisation in March 2018. (Source: Retail Gazette)
M&S have revealed plans to pull out from their Covent Garden store by March 2018. The 20,000 sq.ft Long Acre shop houses a food hall, clothing department and a cafe. (Source: Drapers)

M&S have revealed plans to pull out from their Covent Garden store by March 2018.jpg
Reiss have announced the appointment of Karl Doyle as their new Group Trading Director with immediate effect. (Source: Drapers)
Reserved has announced their expansion plans in the UK after opening its first store on London’s Oxford Street in September 2017. The retailer has contacted Harper Dennis Hobbs, a retail property consultant, to advice on the plans. (Source: Retail Week)
Sports Direct have announced the closure of four out of nine of their concessions in Debenhams stores as a part of their selective retail strategy. (Source: The Times)
Ted Baker have announced the appointment of two new Non-Executive Directors, Anita Balchandani and Jennifer Roebuck, with immediate effect. The retailer also announced that Anne Sheinfield has stepped down from the business as a Non-Executive Director with immediate effect. (Source: Company Press Release)
Quiz have launched a new collection which features a glamorous casual and party wear range in partnership with Gabby Allen, a contestant in television show Love Island. (Source: Retail Bulletin)

Quiz have launched a new collection which features a glamorous casual and party wear range in partnership with Gabby Allen

Electrical & Entertainment

Card Factory have announced the opening of their 900th store in the UK at Epping Forest Shopping Park. (Source: Retail Gazette)
Hornby have announced the appointment of Lyndon Davies as their new Chief Executive Officer, replacing Steve Cooke with immediate effect. (Source: Company Press Release)

Food & Drink

Greggs have launched a trial for delivering pastries and sausage rolls to the customers in Newcastle. The chain has partnered with online meal ordering and delivery platform, UberEATS, to offer the service through their application. (Source: Independent)
Iceland have announced that Nick Canning, their Joint Managing Director, has stepped down from the business with immediate effect. (Source: Retail Week)

Gruppo Campari has announced the latest activity in its brand consolidation programme, selling off almost all of its remaining soft drinks interests to Royal Unibrew. (Source: Just Drinks)

Gruppo Campari has announced the latest activity in its brand consolidation programme, selling off almost all of its remaining soft drinks interests to Royal Unibrew.
Lidl have announced that they have removed all products containing micro beads from their stores as they plan to reduce their plastic footprint. (Source: The Grocer)
Majestic have launched their new website in October 2017. The website will offer customers an interactive experience, where they can leave ratings about the wines they are drinking. (Source: Retail Bulletin)
McColl’s have announced that James Lancaster, their Non-Executive Director and co-founder, has stepped down from the board with immediate effect. (Source: Telegraph)
Nespresso have announced plans to open a new 2,000 sq.ft store at the Touchwood shopping centre in Solihull in November 2017. The new store will offer Nespresso’s full range of coffee capsules, machines and accessories. (Source: Insider Media)
Nisa have announced that Nick Read, their Chief Executive Officer, has stepped down from the role with immediate effect. (Source: Financial Times)
Waitrose have announced the extension of their trial for their ‘Cook Well’ healthy recipe box service, which delivers pre-prepared ready-to-cook meal boxes to customers. The retailer has announced the addition of 60 new dishes, an extra delivery day on Mondays and the option to choose a four person/family box. (Source: The Grocer)
Waitrose have also announced the launch of half-bottles of wine to help customers curb midweek drinking. (Source: Telegraph)

Household

Ikea have announced the opening of a new 370,000 sq.ft UK store, The Sheffield Shed. The new store features inspirational room sets, a 1,000-space car park, a children’s play area and a restaurant. (Source: Retail Week)
Ikea have also announced a partnership with a London start-up through which customers will receive instructional videos on how to assemble flat pack furniture. The videos will run on Near-Field Communication (NFC) technology. (Source: Verdict)

Courtesy of ‘Barclays

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