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What’s happening in retail & with brands – trends for week ending 28th October 2011

October 31, 2011

Company results:

Austin Reed have reported a 3% increase in sales to £121m for the year to the end of January 2011.

Blacks have reported a 7.2% decline in like-for-like sales for the 26 weeks to 27 August 2011. Sales declined to £81.1m over the same period.
Booths have reported a 7.2% increase in pre-tax profits to £8.2m for the year to 02 April 2011. Operating profit declined by 2.5% to £9.4m while like-for-like sales declined by 2% in the same period.
Card Factory have reported a 56% increase in pre-tax profit to £55.7m for the year to 31 January 2011. Sales increased by 9% to £228.8m for the same period. (Source: The Independent)
Carpetright have reported a 3% decline in UK like-for-like sales for the 12 weeks to 22 October 2011. Overall sales declined by 6.8% for the same period. (Source: Verdict)
Feelunique.com have reported a 57% increase in like-for-like sales to £10.4m for the six months to the end of September 2011. (Source: Verdict)

John Lewis have reported a 4.0% increase in sales (including VAT) for the week ending 22 October 2011. Fashion, Home and Electricals & Home Technology sales increased by 5.0 %, 2.3% and 5.3% respectively. Sales at johnlewis.com increase by 21.8%.
Waitrose have reported an 11.8 % increase in sales (including petrol) for the week to 22 October 2011.

Clothing, Footwear & Accessories:

Asos have appointed Maria Hollins as their new Trading Director.
Austin Reed have opened their new flagship store on Regent Street on Monday this week.
Burberry have appointed Steve Sacks as Senior Vice-president, Customer Insight and promoted John Douglas to take up the role of Chief Technology Officer.
• It is reported that Mark Saunders, Managing Director of Cath Kidston has left the company after spending nine months at the retailer. (Source: Retail Week)
Debenhams have launched “virtual pop-up stores” in various locations across the UK from 27 – 29 October. iPhone or iPad2 users will be able to see various dresses appear on their screens as they view landmarks through the device’s camera. (Source: Retail Week)
• It is reported that Max Studio, the luxury fashion brand for women, have plans to open a store in Westbourne Grove, London next month. (Source: Retail Bulletin)

Primark have plans to open menswear concessions in two Selfridges stores. The company has also opened a new flagship store at the Metrocentre in Gateshead.
Tesco have launched their first three beauty outlets in their stores located in Dudley, Horwich and Newport. The company plans to open 70 such outlets in the future. (Source: Verdict)
The White Company have opened their first store targeted towards the travel retail sector at London’s St Pancras station.

“Political Correctness / Dumb move of the week: The LYNX advert ‘Fallen Angels‘, which shows angels falling from heaven because they are attracted to a man’s deodorant has been banned in South Africa after regulators ruled… it could offend Christians”.

We hope the UK government don’t follow this shocking example. We firmly remain fans of the advert, which if you haven’t seen it then click HERE to check it out.

Electrical & Entertainment:

• It is reported that The Office of Fair Trading has approved the Amazon’s takeover of Book Depository. (Source: The Guardian)
John Lewis have plans to offer free in-store Wi-Fi access across all of their stores in UK. (Source: Telecompaper Europe)
Netflix have plans to launch film and DVD rental services in the UK and Republic of Ireland by 2012. (Source: Retail Week)
• It is reported that Nintendo UK have opened their first concession in John Lewis’s Oxford Street store. (Source: Retail Bulletin)

• It is reported that Sainsbury’s have acquired Global Media Vault for a sum of £1m. (Source: Verdict)

Household:

• It is reported that Argos have extended the reach of their TV shopping operation through a tie-up with satellite TV firm, Freesat. (Source: Retail Week)
• It is reported that Debenhams have launched their first online-only product lines and a catalogue featuring homewares and furnishings as part of their plans to expand as a multichannel retailer. (Source: Verdict)
• It is reported that the sale of Robert Dyas has been delayed until next year so that would-be suitors can evaluate it’s Christmas trading. (Source: Retail Week)
The Range have revamped their website in order to simplify the buying process and offer their online customers the same ease and convenience as in store.
• It is reported that Toys R Us have plans to launch a new advertisement campaign and open six new store in order to drive their sales this Christmas. (Source: Retail Week).

Courtesy of ‘The Thinker’

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