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What’s happening in retail & with brands – trends for week ending 27th September 2013

September 30, 2013

Company Results

Boden have reported an 8% increase in total sales to £265m for the year to 31 December 2013. Pre-tax profit increased by 36% to £24.3m for the same period. (Source: Retail Week)
Boden have reported an 8% increase in total sales to £265m for the year to 31 December 2013

House of Fraser have reported an increase in total sales to £522.1m for the six months to 27 July 2013. Like-for-like sales increased by 3.3% while online sales increased by 57% for the same period. (Source: Just-style)
John Lewis have reported an 8.5% increase in sales (including VAT) for the week to 21 September 2013. Fashion, Electricals & Home Technology and Home sales increased by 7.9%, 14.4% and 3.0% respectively. Sales at johnlewis.com increased by 22.7%.
Laura Ashley have reported total group sales of £137.3m for the 26 weeks to 27 July 2013. (Source: Retail Bulletin)
Moss Bros have reported a 1.2% increase in total revenue to £53.2m for the 26 weeks to 27 July 2013. Like-for-like retail sales increased by 1.7% while e-commerce sales increased by 164% for the same period. Pre-tax profit remained constant at £2.2m.
Moss Bros have reported a 1.2% increase in total revenue to £53.2m for the 26 weeks to 27 July 2013

Scotmid Co-operative have reported a £0.1m decrease in year-on-year operating profit to £2m for the 26 weeks to 27 July 2013.
Waitrose have reported a 4.0% increase in sales (including petrol) for the week to 21 September 2013.

A more muted week for non-fashion with the result at its lowest for 10 weeks. With the Summer seemingly over outdoor goods appeared to struggle whilst luxury goods retailers appeared to show robust growth.

The fashion index was highly polarised this week with a wide mix of results across brands. Footwear vastly outstripped clothing with growth of 6.5% versus -3.2%.

The homewares market resurgence continues this week with the index posting a positive result for the 10th consecutive week. Big ticket furniture sold well with robust growth across this sub-sector.

Non-store was strong this week against a very strong base. The trends through this medium were not however, in line with the high street as growth of fashion and non-fashion greatly outstripped that of homewares.

Clothing, Footwear & Accessories

Debenhams have plans to launch an exclusive limited edition collection that spans across fashion and homewares, to celebrate their 200th anniversary. The 200 Year collection will launch in October 2013 in store and online. (Source: Fashion United)
LVMH have acquired a majority stake in UK shoe designer Nicholas Kirkwood for an undisclosed amount. (Source: Financial Times)
LVMH have acquired a majority stake in UK shoe designer Nicholas Kirkwood for an undisclosed amount

Moss Bros have plans to launch four country-specific, local-currency websites in October 2013, in Australia, Republic of Ireland, Sweden and Denmark. (Source: The Wall Street Journal)
Topshop owner Arcadia have plans to open 150 franchise stores in 2014. The group will open stores in Australia, Vietnam and Canada across brands including Topshop, Topman, Dorothy Perkins, Miss Selfridge and Burton. (Source: Retail Week)

Electrical & Entertainment

Amazon have plans to hire 15,000 staff across their eight warehouses in the UK and their customer service centre in Edinburgh. (Source: The Telegraph)
Dixons have introduced a new collection method in their Irish stores, where shoppers will be able to collect online orders in one hour. The service is currently available in 17 stores and will roll out to all of the retailer’s 28 stores in Ireland by the end of October 2013. (Source: Retail Week)
The Entertainer have signed an agreement with Al Owais Enterprises to open 45 stores in the Middle East. The first store is expected to open in December 2013 in Dubai. (Source: Retail Bulletin)
Red 5 have launched their biggest store in Highcross shopping centre, Leicester. (Source: Retail Week)

Food & Drink

Holland & Barrett have unveiled their latest store in London’s Leadenhall Market. The newly remodelled 1,400 sq. ft. store on Gracechurch Street will be the chain’s 712th in the UK. (Source: Retail Bulletin)
Tesco have launched T Jam, a quarterly event where 12 start-ups pitch their ideas to 12 senior Tesco technologists, in a bid to help introduce more new ideas to the business. (Source: Retail Week)
Waitrose have plans to open a second e-commerce grocery depot in Coulsdon, South London in Autumn 2014. The six acre site will more than double the number of online delivery slots available in London. (Source: Company press release)
Waitrose have also expanded their European presence with a new deal with Swiss department store chain, Manor. Waitrose products will now be available at Manor’s Geneva branch and will roll out to a further six branches in other Swiss cities. (Source: Company press release)

According to figures released by Visa Europe, £1 in every £4 spend with Visa at UK merchants is now spent online. £100bn was spent online with Visa at UK-based merchants in the year to August 2013, equating to £3,170 being spent every second. Total annual online spending with Visa at UK merchants has doubled in four years: in 2009 £50.2bn was spent online, while in first six months alone in 2013 £52bn was spent online on UK merchants.

Household

eBay have teamed up with Argos to trial a click & collect service in about 150 shops, where selected eBay purchases can be collected from certain Argos stores. (Source: BBC News)
Made.com have launched in Italy on 26 September 2013. The e-tailer have also appointed Philippe Chainieux as their first Managing Director. (Source: Retail Week)
Made.com have launched in Italy on 26 September 2013. The e-tailer have also appointed Philippe Chainieux

Homebase have plans to expand their store refit programme to 15 of their outlets by the end of 2013. (Source: Reuters)
John Lewis, in partnership with CollectPlus have launched trials where customers can collect their online purchases from local convenience stores and petrol stations. The trial will initially be available in Scotland, Northern Ireland, Wales and the South West of England. (Source: Retail Gazette)

Courtesy of ‘The Thinker

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