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What’s happening in retail & with brands – trends for week ending 25th April 2014 #retailtrends #retailnews #marketingweek #eventmagazine

April 28, 2014

Company Results

John Lewis have reported a 20.5% increase in sales for the week to 19 April 2014. Fashion, Electricals & Home Technology and Home sales increased by 15.7%, 26.7% and 19.8% respectively. Sales at johnlewis.com increased by 23.1%.
NISA have reported a 10.5% increase in sales to £1.6bn for the year to 31 March 2014. Volume of sales increased by 12.9% for the same period. (Source: IGD Retail Analysis)
Primark have reported a 14% increase in sales to £2.3bn for the 24 weeks to 01 March 2014. Operating profit increased by 26% to £298m while like-for-like sales increased by 4% for the same period.
Primark have reported a 14% increase in sales to £2.3bn for the 24 weeks to 01 March 2014.

Scotmid Co-operative have reported a 1% increase in total sales to £381m for the year to 25 January 2014. Operating profit decreased by 25% for the same period. (Source: The Grocer)

Sports Direct have reported a 10.3% increase in group sales to £360.0m for the 9 weeks to 30 March 2014. Sports retail sales increased by 11.0% to £293.3m for the same period.
Travis Perkins have reported a 15.6% increase in sales for the quarter to 31 March 2014. Like-for-like sales increase by 12.7% while sales for the consumer division increased by 9.0% for the same period. Like-for-like sales for the consumer division increased by 6.9%.
Waitrose have reported a 29.4% increase in sales (including petrol) for the week to 19 April 2014.

Like the overall figure, Lifestyle saw its greatest year-on-year rise since 19 January at +9.6%. Within this category, retailers who specialised in gifts saw the strongest performance and those who serve the outdoor activity marked had the weakest performance. Easter gifting was undoubtedly the catalyst for the majority of sales, with retailers of outdoor activity goods suffering the largest slump as consumers elected to spend time at home with their families.

Fashion also saw its strongest year-on-year rise since 19 January with footfall elevated by the bank holidays (+13.1%). Any concerns that a stronger than expected March for fashion sales would negatively impact sales in April clearly have failed to materialise. Designer retailers enjoyed the greatest success this week.

Homewares were up this week by +13.2%, with homeware retailers which offer homeware items which are appealing as gifts performing the best. Whilst sales of DIY products were boosted by the Easter break, the rise was not as pronounced as it has been on other Easter weekends.

Whilst non-store sales were positive this week (+14.1%), the rise was the lowest noted since 26 January as consumers continue to err on the side of caution. Homewares had another poor week, whilst lifestyle enjoyed the biggest rise in online sales this week.

Clothing, Footwear & Accessories

Blue Inc is to list on the Alternative Investment Market (Aim) as early as June, with the company planning to use funds raised to double its store estate in the UK.
Blue Inc is to list on the Alternative Investment Market (Aim) as early as June, with the company planning to use funds raised to double its store estate in the UK
. (Source: The Telegraph)
Burberry have opened a virtual storefront on the Alibaba group shopping site to target Chinese luxury shoppers. (Source: Wall Street Journal)
Burberry new interative store front shanghai

M&S have launched a toy frisbee made from recycled plastic including plastic collected by their customers and employees at the Big Beach Clean-Up event in 2013. The retailer are donating 50p from the sale of each toy to the Marine Conservation Society. (Source: Retail Bulletin)
Mulberry have issued another profit warning as they plan to make their prices more affordable in an attempt to win back disillusioned customers. (Source: The Telegraph)
Primark have announced plans to open their first US store. The retailer have signed a lease for 70,000 sq. ft. of selling space in Boston, Massachusetts and the store is expected to open towards the end of 2015. (Source: BBC News)
Séraphine have appointed John Bailey as their Finance Director. (Source: Retail Bulletin)

Food & Drink

Conviviality Retail, owner of Bargain Booze, have confirmed that they are in discussions with Bibby Retail Services regarding a potential acquisition of a number of Rhythm & Booze stores. The retailer are aiming to acquire 20 of the 50 Rhythm & Booze stores. (Source: The Grocer)
The Co-operative Food have announced plans to lower prices on hundreds of everyday essential items. (Source: The Guardian)
Gruppo Campari is aiming to further boost the profile of its Wild Turkey Bourbon with the launch of the brand’s first UK outdoor ad campaign. (Source: Just Drinks)
Gruppo Campari is aiming to further boost the profile of its Wild Turkey Bourbon with the launch of the brand's first UK outdoor ad campaign

Tesco have launched another round of price cuts on more than 30 basic food products and reduced online shopping charges as they try to regain market share from the discount retailers. (Source: The Telegraph)
British Land and Tesco have announced the opening of a new £4 million, 20,500 sq ft leisure terrace comprising five restaurants and two smaller units at the 275,000 sq ft Kingston Centre in Milton Keynes which includes Giraffe’s first out of town restaurant.

Independent retailers across the UK failed to reap the benefits of the expected bumper Easter trading, as good weather tempted shoppers away from the high street.

Household

Argos have opened their first new digital store in Manchester. The new paperless store features tables of tablets and offers customers access to new services such as the ability to prepay online for – Fast Track store collection, free Wi-Fi and a free charge bar for mobile phones and tablets. (Source: Retail Bulletin)
Boots have launched their European website to tap into ex-pat market. The website is in English, uses sterling as its currency and sells a range of products aimed specifically at Brits overseas. (Source: Retail Week)
Card Factory have revealed plans to float shares on the LSE in May 2014. The retailer expects to raise £90m through IPO and use the proceeds to reduce their debt. (Source: Reuters)
John Lewis have retained their position as the nation’s best retailer for customer satisfaction at the Verdict Customer Satisfaction Awards, held on 23 April 2014 at the LSE. (Source: Verdict Retail)

Courtesy of ‘The Thinker

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