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What’s happening in retail & with brands – trends for week ending 22nd August 2014 #retailtrends #retailnews #marketingweek #eventmagazine

August 25, 2014

Company Results

Hobbs have reported an 8.2% decrease in sales to £111.7m for the year to 25 January 2014. Pre-tax loss was reported at £1.9m for the same period. (Source: Verdict)
Hobbs have reported an 8.2% decrease in sales to £111.7m for the year to 25 January 2014

John Lewis have reported a 13.4% increase in sales for the week to 16 August 2014. Fashion, Electricals & Home Technology and Home sales increased by 14.1%, 9.2% and 18.9% respectively. Sales at johnlewis.com increased by 31.4%.
Savers have reported a 15% increase in sales to £247m for the year to 28 December 2013. Pre-tax profit increased by 28.6% to £9m for the same period. (Source: Retail Week)
Toys R Us’ UK have reported a 7% decrease in turnover to £428m for the year to 01 February 2014. Pre-tax profit decreased by 24% to £4.6m for the same period. (Source: Retail Week)
Waitrose have reported a 6.6% increase in sales (including petrol) for the week to 16 August 2014.
White Stuff have reported a 16.2% increase in total sales to £115.7m for the 53 weeks to 03 May 2014. Retail sales increased by 8.9% to £86.9m while wholesale sales increased by 38.2% to £4.7m for the same period. Online sales increased by 47.9% to £24.1m and pre-tax profit increased by 55.9% to £12.1m. (Source: Fashion United)
Wilko have reported a 4.4% decrease in sales to £1.5bn for the year to 31 January 2014. Pre-tax profit was reported at £27.6m for the same period. (Source: Retail Week)

Lifestyle retailers reported like-for-likes of 4.7% this week. Individual retailers within the lifestyle category enjoyed a particularly strong week this week, with department stores and gift retailers outperforming their peers.

Fashion saw a strong rise this week (+2.8%). Designer shops and footwear retailers were the highest performers; the colder weather inspiring investment purchases of autumn items. Budget clothing retailers had the weakest performance this week with cost conscious consumers holding back on purchases ahead of end of season discounting.

After an exceptional rise in like-for-likes in 2013 of +33.8%, a rise of +11.1% is particularly noteworthy for homewares retailers. Home accessory retailers saw the strongest rise of the week.

Internet sales enjoyed a second week of strong sales this week (+42.8%). Internet sales of fashion items saw the trend seen on the high street reversed: budget fashion chains had a particularly strong week with designer retailers performing less well on average.

Clothing, Footwear & Accessories

Dr. Martens have appointed Steve Murray as their new Chief Executive Officer, with effect from October 2014. The retailer have also appointed Henrik Holmark as their new Chief Financial Officer, who will take over by the end of 2014. (Source: Fashion United)
Lidl have announced plans to launch a new range of budget fashionwear. The retailer plans to roll out womenswear on 25 August 2014, followed by a menswear collection in November 2014. (Source: The Independent)
Mamas & Papas have announced plans to reduce the rent bill of their 60 stores in the UK via company voluntary arrangement (CVA). (Source: Telegraph)
– Swedish fashion chain Lindex will open its first UK store in Westfield Stratford in spring 2015. (Source: Drapers)
Swedish fashion chain Lindex will open its first UK store in Westfield Stratford in spring 2015.

New Look and JD Sports have announced plans to open flagship stores at the new Westfield Broadway shopping centre in Bradford. (Source: Drapers)
Warehouse have launched a new online magazine ‘Tales of the City’ targeting the modern urban women as they plan to launch their first footwear collection. (Source: The Drum)
Zalando have launched their flash sales site ‘Zalando Lounge’ in the UK, offering discounts of up to 75% to consumers. (Source: Fashion United)

Electrical & Entertainment

BrightHouse’s private equity owner, Vision Capital have appointed Rothschild to explore all possible funding options for the retailer including a potential IPO. (Source: Financial Times)
WH Smith have opened four new stores at Heathrow’s Terminal 2. (Source: Retail Bulletin)

Food & Drink

GNC, a sports nutrition chain have opened a concept store at Manchester’s Arndale Centre which includes a sports bar and houses bespoke fitness equipment for demonstrating a variety of exercises. (Source: Retail Bulletin)
Morrisons have confirmed plans to extend opening hours from 6am to 11pm for the majority of their stores in order to address their falling sales. (Source: The Grocer)
Sainsbury’s have opened their 650th convenience store at Mitcham Lane, London. (Source: Company Press Release)
PepsiCo has rolled out the coconut water variant of its Naked brand to the UK.
PepsiCo has rolled out the coconut water variant of its Naked brand to the UK

Waitrose have opened their first 2,500 sq. ft. outlet at London’s Kings Cross station in an attempt to attract travelling consumers. The store is the grocer’s smallest outlet to date. (Source: The Guardian)

The latest figures from the IMRG Capgemini e-Retail Sales Index have revealed that online retail sales increased by 14% year-on-year in July 2014. However, the index increased by 3% month-on-month in July 2014, compared to the 5% decrease seen in June 2014. An estimated £8.1bn was spent online, a significant increase on the £7.1bn spent during the same period last year. The electricals sector reported 19% year-on-year growth in July 2014 compared to 7% in June 2014, while the home and garden sector reported a growth of 17% in July 2014 compared to growth of 8% in June 2014. Meanwhile, the travel sector recorded an increase of 13% year-on-year, strongest July performance since 2010. This also follows four consecutive months of single-digit annual growth, averaging at just 5%.

Household

99p Stores have launched a new bakery and coffee concept at their newly opened store in Northampton. (Source: Retail Bulletin)
DFS have acquired the furniture retailer, Dwell in an attempt to attract younger and more urban customers. (Source: Retail Week)
Groupon have extended their UK website to offer more products to their customers in an attempt to enter into the online retail marketplace. The customers will now be able to purchase the products from their website directly, rather than just receiving offers & deals. (Source: The Guardian)
Groupon have extended their UK website to offer more products to their customers in an attempt to enter into the online retail marketplace

Home Retail Group have appointed Alexei Cowan as their new Head of Trends. (Source: Company Press Release)
John Lewis have announced plans to enter into the opticians market by partnering with Luxottica. The retailer plans to open two optician stores in their Stratford City and Cardiff department stores by Autumn 2014. (Source: Company Press Release)
John Lewis have completed the national roll-out of their convenience store click and collect service with CollectPlus. The service will help customers to collect items from their store of choice in the CollectPlus network. (Source: Retail Bulletin)
LloydsPharmacy have opened their first 3,329 sq. ft. physical store for their online brand Betterlife. (Source: Retail Bulletin)
Wilko have unveiled plans to open 100 new stores in the next five years. (Source: Retail Week)

Courtesy of ‘Barclays

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