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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 14th May 2018 #marketingweek

May 14, 2018

Company results:

Cambria Automobiles have reported a 4.5% decrease in revenue to £295.1m for the 6 months ending 28 February 2018. Underlying profit before tax decreased by 14.3% to £1.8m for the same period.
Greggs have reported a 4.7% increase in group sales for the 18 weeks to 05 May 2018. Like–for-like sales increased by 1.3% for the same period. (Source: GlobalData)

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House of Fraser have reported a 6.3% decrease in revenue to £787.8m for the 12 months ending 31 December 2017. Profit before tax decreased to £43.9m for the same period. (Source: BBC News)
Morrisons have reported a 3.8% increase in group revenue (excluding fuel) for the 13 weeks to 06 May 2018. Group like-for-like sales (excluding fuel) increased by 3.6% for the same period.

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Next have reported a 6.0% increase in group sales for the 14 weeks to 07 May 2018. Online sales increased by 18.1% for the same period, whereas retail sales decreased by 4.8%.
Superdry have reported a 16.0% increase in group revenue to £872.0m for the 52 weeks ending 28 April 2018. Wholesale revenue increased by 29.6% to £323.4m for the same period, with ecommerce revenue also increasing by 25.8%.

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Vertu Motors have reported a 0.9% decrease in revenue to £2,796.1m for the 12 months ending 28 February 2018. Adjusted profit before tax decreased by 9.2% to £28.6m for the same period.

 

Clothing, Footwear & Accessories 

Arket have announced plans to open their fifth UK store at Liverpool One. The 8,611 sq.ft. flagship store is due to open in autumn this year. (Source: Retail Gazette)

Burberry have announced a review of their policy on using real fur in their fashion collections. Burberry’s fur review announcements came shortly after Italian fashion houses Furla and Versace announced they would implement a fur-free policy. (Source: Retail Gazette)

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Calvetron Brands, owner of Jacques Vert, Precis, Eastex and Dash have confirmed that they have entered into administration. They have appointed Duff & Phelps as their administrators. (Source: Retail Gazette)

McArthurGlen have appointed Phil Parry to the newly created role of Chief Information Officer with immediate effect. He will lead McArthurGlen’s technology operations and investments across their portfolio of 24 designer outlets in nine countries, reporting to the Group’s Chief Customer Officer, Tom Enraght-Moony. (Company Press Release)

M&S have announced plans to install opticians in their stores, trialling the service in five branches. They are also considering introducing toy concessions after the collapse of Toys R Us. (Source: GlobalData)

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New Look have announced the retirement of their Non-Executive Director, Dr Christo Wiese, with immediate effect. Dr Wiese will be replaced by Chris Seabrooke, a Non-Executive Director of Brait, as a new Non- Executive Director. (Company Press Release)

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Ralph Lauren have plans to appoint former Burberry executive Angela Ahrendts to its Board of Directors with immediate effect.(Source: Retail Bulletin)

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Yoox Net-a-Porter have been acquired by Richemont and is in the process of getting de-listed from the stock market. (Source: Retail Gazette)

 

Electrical & Entertainment 

WH Smith have opened seven new stores in Oman at Muscat International Airport’s new terminal. The new stores take WH Smith’s Middle Eastern expansion one step further following openings at airports in UAE, Qatar, Jordan, Saudi Arabia and Kuwait. (Source: Retail Bulletin)

 

Food & Drink

Co-op have completed the acquisition of Nisa Retail. This follows approval by the Competition and Markets Authority and the Court’s decision to sanction the transaction. (Source: Company Press Release)

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Sainsbury’s have scrapped their “Waste Less, Save More” initiative to reduce food waste after an unsuccessful trial period. Sainsbury’s will now integrate this scheme into a wider sustainability campaign. (Source: Retail Gazette)

 

Household

Maisons du Monde have announced the promotion of Julie Walbaum as their Chief Executive Officer from Executive Director for digital, customer marketing and customer care with immediate effect. Julie will replace Gilles Petit who will remain as a special advisor to the Chief Executive and a member of the board of directors to ensure a smooth management transition. (Source: Retail Bulletin)

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Selfridges have opened a Rolling Stones inspired pop-up shop to coincide with the UK leg of the band’s ‘No Filter’ tour. The Rolling Stones Corner Shop will appear at Selfridges locations in London, Birmingham, the Manchester Exchange and Trafford. (Source: GLobalData)

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Motor

Jardine Motors have completed the sale of their Jaguar Land Rover dealership in Slough, Berkshire, aided by property and planning consultants, Rapleys. (Motor Trader)

Marshall Motor Holdings have announced the retirement of their Non-Executive Director, Christopher Sawyer with effect from 23 May 2018. Christopher Sawyer will be replaced by Kathy Jenkins, Group HR Director. (Source: Company Press Release)

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McLaren Automotive have opened their eighth UK dealership, at Leeds. The facility will be operated by Park’s Motor Group, which also manages McLaren Glasgow (Source: Motor Trader)

 

Courtesy of ‘Barclays’

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