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What’s happening in retail & with brands – trends for week ending 26th April 2013

April 29, 2013

Company Results

Asda have reported a 4.5% increase in total sales (including petrol) to £22.8bn in 2012.
Carpetright have reported a 2.1% increase in group sales for the 12 weeks to 20 April 2013. Total sales and like-for-like sales, for the UK, increased by 4.4% and 5.6% respectively for the same period.
Farmfoods have reported a 1.5% decrease in sales to £595m for the year to 29 December 2012. Pre-tax profit increased by 10% to £27m for the same period. (Source: Retail Week)
John Lewis have reported a 0.1% decrease in sales (including VAT) for the week to 20 April 2013. Fashion sales increased by 3.9%, while Electricals & Home Technology and Home sales decreased by 0.7% and 2.9% respectively. Sales at johnlewis.com increased by 11.3%.
N Brown have reported a 6.0% increase in total sales to £784.7m for the 52 weeks to 02 March 2013. Ecommerce sales increased by 15% to £424m, while profit, before tax and fair value adjustments, increased by 2.6% to £96.4m for the same period.
Primark have reported a 24% increase in total sales for the six months to 02 March 2013. Like-for-like sales increased by 7% for the same period. (Source: BBC News)
Primark have reported a 24% increase in total sales for the six months to 02 March 2013

Scotmid Co-operative have reported a 0.3% increase in total sales to £428m for the year to 26 January 2013. Operating profit decreased by 8% for the same period. (Source: The Grocer)
Sports Direct have reported a 14.3% increase in group sales to £317.4m for the nine weeks ending 31 March 2013. Group gross profit increased by 22.7% to £128.6m for the same period.
Thorntons have reported a 4% increase in total sales to £60.6m for the 14 weeks to 20 April 2013. UK commercial sales grew 10% to £27.4m, with private label sales growing 416.1% for the same period.
Waitrose have reported a 7.3% increase in sales (including petrol) for the week to 20 April 2013.

A mixed performance across the non-fashion sector with household goods and luxury items showing the greatest growth. Outdoors goods suffered slightly; as did gifting.

The fashion sector returned to positive territory this week for the first time in six weeks. The weather finally matches the lines available in store and the demand across mainstream fashion reflects this. Footwear outperformed clothing with 6.5% versus 3.5%.

Homewares performed strongly against a good comparative figure from 2012. The results for this week this year were polarised between double digit positive growth by the best performers and double digit negative growth from those that struggled. Big ticket items did well whilst kitchenware struggled.

Non-store performed well this week with the uplift in demand on the high street also felt through non-store mediums. Fashion lines sold particularly well online despite the hot weather driving demand onto the high street.

Clothing, Footwear & Accessories

George at Asda have announced plans to open their first store in Europe, in Malta on 26 April 2013. (Source: Financial Times)
– It is reported that Hackett are planning to acquire Ferrari’s store on Regent Street. (Source: Retail Week)
Hackett are planning to acquire Ferrari’s store on Regent Street

Internaçionale have signed a 10 year lease for a store at the St Stephen’s Shopping Centre in Hull. (Source: Fashion United)
Primark have announced plans to open their first stores in France by the end of this financial year. (Source: The Guardian)
– It is reported that around 2,000 of Sports Direct employees will each receive a bonus in the form of 12,000 shares (valued at circa £54,000) this summer. (Source: The Times)
T.M.Lewin have announced plans to open a number of new stores in Europe, Australia, South East Asia and Africa. (Source: Retail Bulletin)
T.M.Lewin have announced plans to open a number of new stores in Europe, Australia, South East Asia and Africa

Electrical & Entertainment

Dixons have opened their first two Belgian stores at Brussels Airport, under their Knowhow brand. (Source: Retail Week)
Dixons Retail Group have announced an agreement to sell their Pixmania subsidiary, Webhallen, to Komplett, a Norweigan-based company for SEK140m. (Source: Yahoo Finance)
The Entertainer have launched a new delivery service in partnership with Shutl, by which customers will be able to receive items in 90 minutes. (Source: Retail Bulletin)

According to a survey of 5,900 consumers, conducted by Verdict, John Lewis scored the highest across factors including price, range, service and quality, taking the top spot at the annual Customer Satisfaction Awards. The retailer dropped to third place last year after four consecutive years of winning the top prize. Ikea dropped out of the list, which only ranks the top five retailers. Fashion retailer Bonmarche defended its second place and Dunelm Mill took third place. Online retail giant Amazon and footwear retailer Brantanocame fourth and fifth respectively.

Food & Drink

Asda have announced that they are to invest over £700m in 2013 into online, new and existing stores and their supply chain, creating 2,500 new jobs across the UK. (Source: Company press release)
GlaxoSmithKline has confirmed they are to sell off their Lucozade and Ribena drinks brands following a strategic review. (Source: The Grocer)
Iceland have announced plans to open 40 stores in 2013, creating 1,400 jobs. (Source: Daily Post)
– Hundreds descended to Brixton on the weekend for the second ‘Great Brixton Bake Off’, which took place on Station Road. Dozens of bakers from far and wide brought their homemade offerings, with the homemade cakes, biscuits and breads put to a panel of judges – including the MD of Patisserie Valerie and Levi Roots. Brixton has been praised for driving high street regeneration whilst also supporting local traders.
Great Brixton Bake Off, High Street Regeneration, BIDS, Controversy, Gentrification

Lidl UK have announced plans to invest £66m in expanding their fresh meat and poultry range and installing new refrigeration cabinets in each of their 600 UK stores. (Source: Just Food)
M&S have signed a franchise deal with Compass to open Simply Food stores in hospitals. Compass have opened the first such shop at the Royal Derby hospital. (Source: The Grocer)
Morrisons have announced that Emily Lawson has been appointed as their new Group HR Director and will join the retailer in September 2013. (Source: The Grocer)
Sainsbury’s have opened Britain’s most environmentally friendly convenience store in Haslucks Green, the Midlands. (Source: Company press release)
Tesco have opened an office in Shoreditch, London, to house a team of mobile app developers. The company also plans to open an office in Clerkenwell, for their Blinkbox team. (Source: Retail Week)
Waitrose have announced plans to open their first store on a farm in Hampshire, featuring locally-sourced products. The store, branded ‘The Farm Shop, Leckford Estate’, is expected to open in August 2013, creating 15 jobs. (Source: Retail Week)

Household

Argos has hired former Nokia executive Joanne Savage to the newly created role of head of own-brand. (Source: Retail Week)
John Lewis have invested nearly £40m in a new multi-million pound web platform, featuring an enhanced wish list function, search history and more editorial content. The retailer have also revamped their mobile site to mirror the design of the main site and plans to launch a new app later this year. (Source: Fashion United)
– It is reported that US homewares giant, Williams-Sonoma, are to open their first store in the UK on London’s Tottenham Court Road. (Source: Retail Week)
Williams-Sonoma, are to open their first store in the UK on London’s Tottenham Court Road

Courtesy of ‘The Thinker

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