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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 16th April 2018 #marketingweek

April 16, 2018

Company Results

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ASOS have reported a 27.0% increase in retail sales to £1.1bn for the six months to 28 February 2018. UK retail sales increased by 22.0% to £414.5m for the same period. International retail sales increased by 31.0% to £716.8m for the same period.

Card Factory have reported a 6.0% increase in revenue to £422.1m for the 12 months to 31 January 2018. Underlying profit before tax decreased by 5.5% to £80.5m for the same period.

Dunelm have reported a 5.1% to £268.2m for the 13 week to 31 March 2018. Total like-for-like revenue increased by 4.6% for the same period.

Mothercare have reported a 2.8% decrease in like-for-like sales for the 12 weeks to 24 March 2018. UK online sales increased by 2.1% for the same period. UK website sales increased by 7.2% for the same period.

Nisa Retail have reported a 26.0% increase in sales to £377.0m for the quarter to 01 April 2018. Like-for like sales decreased by 1.1% during the same period. (Source: GlobalData)

Quiz have reported a 30.0% increase in revenue to £116.4m for the year to 31 March 2018. Online sales stood at £30.6m for the same period.

Tesco have reported a 2.3% increase in group sales to £51.0bn for the 52 weeks to 24 February 2018. Group operating profit before exceptional items increased by 28.4% to £1.6bn for the same period.

WH Smith have reported a 1.0% decrease in group profit before tax to £82.0m for the six months to 28 Feb 2018. Group like-for-like revenue decreased to 1.0% for the same period.

 

Clothing, Footwear & Accessories

American Apparel have announced plans to launch an online-only offering by 23 April 2018 in the UK. (Source: Retail Gazette)
Argento, jewellery retailer, have opened a new store at Intu Trafford Centre. The new shop will stock items from high street brands such as Olivia Burton, Nomination and Cluse as well as exclusive ranges of costume and silver jewellery. (Source: Retail Bulletin)
French Connection have sold its stake in Toast, womenswear and homeware brand, in a bid to free up resources to aid its ongoing turnaround efforts. The retailer, which owns 75% of Toast, sold the brand to Danish fashion house Bestseller for £23.3m. (Source: The Telegraph)

FRENCHCONNECTION
House of Fraser have announced plans to sell Chinese brands to British consumers as part of a Beijing initiative to boost trade in the region. (Source: The Telegraph)

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Jack Wills have signed up for a 5000 sq.ft. store at Intu Watford’s new extension, as part of a expansion plans of the shopping centre, which also includes Debenhams and Superdry. (Source: Drapers)
Quiz have announced plans to enter the Chinese market in a bid to power up its overseas sales growth. (Source: Retail Week)
Tiger have announced that its founder, Philip Bier, will launch a new kids clothing and toys retailer on the British high street, opening the first store in London in May 2018. Philip Bier has agreed a franchise deal with French retailer ÏD Kids to launch the chain in the UK. (Source: The Guardian)
Ultimo have announced plans to cease trading in the UK and is set to begin winding down while its 11 staff enter a formal redundancy consultation period. The brand will cease trading on its UK website from 15 April 2018 and will cease all operations by the end of June 2018. (Source: Drapers)
Zara have plans to open a new 39,500 sq.ft. flagship store in Oxford’s newly regenerated Westgate Shopping Centre. Due to open later in 2018, the store will span across three-storeys in the North Arcade of Westgate. (Source: Drapers)

 

Electrical & Entertaiment

Card Factory have announced plans to launch their first pop-up and clearance stores in 2018 as part of a new trial. The retailer plans to adopt an aggressive store opening strategy along with opening of additional temporary shops in a number of locations in order to manage seasonal demand. (Source: Retail Week)
Game Digital have announced that Mike Ashley has become the biggest shareholder at the retailer’s board. Investment vehicle Duodi, which is wholly owned by Elliott International and Elliott Associates, has disposed of its entire 37% stake in Game, leaving Mike Ashley, with 25%, as the largest single influence on its board. (Source: Retail Gazette)

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Hobbycraft have appointed Matt Davies, Tesco’s UK boss, as their new Chairman with effect from 01 May 2018 as it reshuffles its leadership team. The retailer has also announced that Dominic Jordan will be promoted as their new Chief Executive Officer with immediate effect. (Source: Retail Gazette)
Lumitrix, an online photography retailer, have opened their first physical retail space, a pop-up concept called Lumtirix Living in Marylebone. (Source: Retail Gazette)
Toys R Us UK have announced plans to shut down its 75 remaining shops, including Babies R Us branches, by 24 April 2018. (Source: Financial Times)
The Works have appointed Gavin Peck as their new Chief Financial Officer with immediate effect as the retailer reportedly gears up for a stock market float. (Source: Retail Week)

 

Food & Drink

Bunnings have announced that Wesfarmers’ chairman will tour the UK stores with advisor and turnaround expert Archie Norman to assess the retailer’s UK venture. (Source: The Guardian)
Conviviality have announced the sale of Conviviality Retail businesses to Bestway Direct Limited, a national retailer and wholesaler of grocery products. This sale secures continued employment for around 2,300 employees of the business. The division comprises high street wine chains Bargain Booze, Wine Rack, Select Convenience and WS Retail. (Source: Company Press Release )
Iceland have announced new initiatives aimed at safeguarding the environment. The retailer has vowed to stop using palm oil as an ingredient in its own-brand food by the end of 2018, removing the product from 130 food lines, which will reduce demand by more than 500 tonnes per year. (Source: Company Press Release)
John Lewis have revealed that its new department store in Cheltenham will open on 18 October 2018. The 115,000 sq.ft. shop will be managed by Martin Bundy. (Source: Drapers)

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Lidl UK have launched their first permanent free-from range with prices starting from 79 pence. Stocked in stores nationwide from this week, the range will feature gluten-free items from Lidl’s own range as well as other popular brands. (Source: Retail Bulletin)
Pep&Co have plans to launch in ten Poundland stores in Yorkshire over the coming months. The ten sites, which include stores in Barnsley, Sheffield, Leeds, Rotherham, Whitby and Doncaster, will generate around 50 new roles across the region. (Source: GlobalData)
Waitrose have announced plans to stop using disposable coffee cups in a move that will save 52 million cups a year. Disposable cups will be removed from all Waitrose stores by the autumn 2018. (Source: BBC)

 

Household

Asos have announced plans to launch own-brand homewares. The retailer, which currently sells a small number of third-party homeware products within its gifting section, is recruiting for a homeware designer to work on the range which is expected to launch in 2019. (Source: Retail Week)
Carpetright have announced plans to close down more than 90 stores and reduce rents at more than 100 other sites amid restructuring of its property portfolio. The retailer has identified a total of 205 stores across the UK that are underperforming or have unfavourable lease terms. (Source: The Guardian)
Kleeneze have announced plans to cease trading and enter into administration. The move has put 140 jobs at risk at the company’s head office and warehouse locations near Manchester. The business sells household and beauty products online and through a network of around 5,000 self-employed door-to-door sellers across the UK and Ireland. (Source: BBC)
Shop Direct have announced plans to close three fulfilment centres at Shaw, Little Hulton and Raven in mid 2020, putting nearly 2,000 jobs at risk, as it unveils plans for a new purpose-built facility. The retailer plans to start work on a new automated distribution centre in the East Midlands in May 2018, which is expected to be fully operational by 2021. (Source: The Independent)

 

Courtesy of ‘Barclays

 

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April 16, 2018

Have a blessed week ahead everyone!

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April 10, 2018

Spring is coming!

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April 9, 2018

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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 6th April 2018 #marketingweek

April 9, 2018

Company Results

• The Co-op have reported profit before tax of £72.0m in 2017 compared to loss of £132.0m in 2016. Revenues remained stable at £9.5bn in 2017.

• Topps Tiles have reported a 2.6% increase in total revenues to £109.4m for the 26 weeks to 31 March 2018. The retailer’s like-for-like revenues increased by 0.6% for the same period.

Lifestyle LFLs were up by +6.06% this week, ending a two week negative run. Positive pre-Easter spending saw in-store sales grow from an already healthy base of +6.77% for the same week last year. The result was boosted this week by strong performances amongst retailers of high-end gifts and electrical goods.

Fashion LFLs were down by –2.79% this week from a base of +2.82% for the same week last year. The result marked the third negative week in a row for in-store fashion sales. Retailers will be looking for an improvement in the weather in the weeks ahead to reignite in-store sales.

Homeware LFLs were down by –13.15% this week from a base of -3.75% for the equivalent week last year. Homeware has posted negative in-store LFLs in eight of the last ten weeks.

Non-store sales were up by +12.46% this week from a base of +20.47% for the same week last year. Non-store fashion sales continued to hold up well this week, but slower growth from lifestyle and a poor performance for homeware non-store sales held growth back this week.

Clothing, Footwear & Accessories

Amazon have launched a new women’s occasion wear brand in the UK that focuses on luxury items. It has launched its first spring/summer 2018 range including 28 dresses, suits and separates ranging from £34 to £135. (Source: Retail Gazette)

Amazon have launched a new women’s occasion wear brand in the UK that focuses on luxury item.jpg

H&M have launched a new range of value bridal outfits online in a bid to establish themselves in the wedding fashion market. The “Wedding Shop” is an ecommerce platform where customers can purchase new and affordable items for brides, bridesmaids, flower girls and wedding guests. (Source: Retail Gazette)

Stradivarius have announced the opening of their first store in Wales at Cardiff’s St David’s shopping centre over Easter weekend. The 5,200 sq.ft. store will stock fashion-forward clothing, footwear and accessories for women. (Source: Retail Bulletin)

Estee Lauder have announced the opening a pop-up shop for their beauty brand Creme de La Mer in London in April 2018. La Mer, which sells high-end skin products, will open at 13 Soho Square, near Oxford Street, which will be their first dedicated shop in the UK. (Source: GlobalData)

Estee Lauder have announced the opening a pop-up shop for their beauty brand Creme de La Mer in London in April 2018

 

Electrical & Entertainment

• Carphone Warehouse have announced that the company’s Co-Founder, David Ross, is buying a majority stake in Jigsaw. (Source: Drapers)

• Dixons Carphone have announced that their UK and Ireland Chief Executive, Katie Bickerstaffe, is exiting the business with immediate effect after 10 years to take up a new role at energy firm SSE. (Source: Company Press Release)

HMV have announced that their Chief Executive Officer, Ian Topping, is poised to depart the business later in 2018. He will be replaced by Retail Director, Neil Taylor, during a six-month transition period. (Source: Retail Gazette)

Notonthehighstreet have announced the appointment of their new CEO, Barrie Seidenberg. Seidenberg will join the business on 23 April 2018. (Source: Retail Bulletin)

• Footwear brand Clergerie is launching an ecommerce site, as part of a broader relaunch of its previously non-transactional online offering. (Source: Drapers)

Clergerie is launching an ecommerce site, as part of a broader relaunch of its previously non-transactional online offering.

Food & Drink

Bunnings have announced plans to introducing a new tagline as it bids to establish itself in the UK and win over shoppers. The changes are expected to be implemented across its 23 UK Bunnings stores by mid-April 2018. (Source: Retail Week)

• The Co-op have unveiled plans to switch all of its bottled water to 50% recycled plastic. The retailer estimates that it can save almost 350 tonnes of plastic annually when it makes the change on all of its own brand still, sparkling and flavoured water later this year. (Source: Retail Bulletin)

• The Co-op have also announced plans to open a trio of food stores in the Worcester area over a period of two weeks following a £2.3m investment. The retailer has opened a new store in Honeybourne and re-opened a 8,500 sq.ft store in Pershore’s Racecourse Road on 06 April 2018. The two stores follow the launch of a new Co-op store on Worcester’s Barker Street on 22 March 2018. (Source: Retail Bulletin)

• Pernod Ricard has rolled out a marketing campaign for its newly-launched Beefeater Pink brand. (Source: Just Drinks)

Pernod Ricard has rolled out a marketing campaign for its newly-launched Beefeater Pink brand..jpg

Convivality have announced the sale of its of Conviviality’s drinks distribution business, Matthew Clark, and its wine-focused, Biennium arm to C&C Holdings NI Limited. The companies will trade under the combined name of Matthew Clark Bibendum and are expected to save more than 1,800 jobs. (Source: Company Press Release)

Conviviality have also announced the appointment of Matthew Callaghan, Ian Green and David Baxendale of PwC as joint administrators to Conviviality Plc. Companies that are in administration are Conviviality Plc and Conviviality Brands Limited. (Source: Company Press Release)

• Sainsbury’s have announced plans to commence a trial of a complete overhaul of its Nectar loyalty scheme. Sainsbury’s will run the trial across all of its stores on the Isle of Wight from 12 April 2018. ()Source: Retail Gazette)

• Campari Group has launched a new gin brand to the UK market, with a global roll-out expected to follow. (Source: Just Drinks)

Selfridges have announced plans to remove all single-use plastic bottles containing carbonated drinks from its stores. The company recently became the first retailer to up-cycle used coffee cups from in-store and at its headquarters into its iconic yellow shopping bags. (Source: Retail Gazette)

Coffee Shotter a new vegan / vegetarian coffee shop has launched in Croydon, serving light bites and gourmet doughnuts. (Source: Press release)

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Household

• Bensons for Beds and Harveys have announced plans to restructure their leadership teams following the sudden departure of former group boss Stuart Machin. The furniture group’s former Commercial and Supply Chain Director, Kalwant Singh, has been appointed as Harveys Managing Director and Alan Williams has taken on the role of Bensons for Beds Managing Director. (Source: Retail Bulletin)

Mothercare have announced the appointment of David Wood as their new CEO with immediate effect replacing Mark Newton-Jones. (Source: Company Press Release)

Courtesy of ‘Barclays

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April 2, 2018
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March 26, 2018

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