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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 22nd June 2018 #marketingweek

June 25, 2018

Company results:

Bonmarche have reported a 0.6% decrease in turnover to £186.0m for the 52 weeks ending 31 March 2018. Profit before tax increased by 38.1% to £8.0m for the same period. Online sales increased by 34.5%, while store like-for-like sales decreased by 4.5% for the same period.

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Debenhams have reported a 1.5% decrease in group gross transaction value for the 15 weeks ending 16 June 2018. Group like-for-like sales decreased by 1.7%, while digital sales increased by 16.0% for the same period.

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Dixons Carphone have reported a 1.0% decrease in UK and Ireland turnover to £6,645.0m for the 12 months ending 28 April 2018. Total group sales increased by 3.0% to £10,525.0m, while profit before tax decreased to £382.0m for the same period.
Footasylum have reported a 33.0% increase in revenue to £194.8m for the 52 weeks ending 24 February 2018. Online sales increased by 41.0%, while adjusted EBITDA increased by 12.0% to £12.5m for the same period.
Iceland have reported an 8.0% increase in sales to £3.016bn for the 53 weeks ending 30 March 2018. Like-for-like sales increased by 2.3%, while adjusted EBITDA decreased by 1.8% to £157.1m for the same period.

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Clothing, Footwear & Accessories:

Asos have revealed plans to stop stocking goods made from silk, mohair and cashmere as they introduce major updates to their animal welfare policy. The online fashion retailer has banned suppliers from using any part of endangered, exotic, vulnerable or wild caught species for any of their products. (Source: Retail Gazette)

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Amazon have launched their fourth own fashion brand Meraki, with an aim to break into the essential wear market with their new simplistic range. The “modern wardrobe essentials” line includes both menswear and womenswear, focusing on high quality fabrics and simple, timeless shapes and block neutral colours. (Source: Retail Gazette)

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Dr.Martens, footwear retailer have plans to open stores in Germany, Austria and Switzerland. The retailer will launch their first store in Germany on 22 June 2018 in the city of Cologne and is also planning to open additional stores in key locations across Germany, Austria and Switzerland. (Source: Retail Bulletin)

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FeelUnique have launched a WeChat mini programme as part of their bid to expand into China. Through this programme Chinese customers will be able to buy products via China’s biggest social media and payment app, WeChat. Customers will also be incentivised to share content across it, increasing the beauty etailer’s reach across the country. (Source: Retail week)

H&M have officially opened their first store for Afound, their brand new discount fashion brand. The first Afound store is in Stockholm, with a second set to open in Malmö soon. Sales via Afound’s online Swedish marketplace have also been launched in parallel with the opening of the stores. (Source: Retail Gazette)

H&M have also revealed plans to launch their first ever collaboration with a lingerie brand, Love stories. The H&M x Love Stories collection will feature pieces designed in collaboration with the H&M in-house team. The range will be available from 9 August 2018 in selected stores and online. (Source: Retail Bulletin)

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JD Sports have completed the acquisition of a US based sportswear retailer, Finish Line, effectively giving the British retailer a strong entry into the US retail market. The deal will see JD Sports take ownership of Finish Line’s 600 stores in the US. (Source: Company Press Release)

John Lewis have launched a trial for a buy-back service that allows customers to sell back unwanted clothes regardless of condition, to the department store to help reduce landfill waste. More than 100 customers are currently trying out the scheme, which aims to cut UK landfill waste by about 300,000 tonnes each year. (Source: Company Press Release)

Sports Direct have announced that they have divested all interest in the US sportswear retailer Finish Line. (Source: Company Press Release)

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M&S have appointed Michelle Ojulah as their new head of kidswear buying with effect from 25 June 2018. Ojulah will report to womenswear and kidswear director Jill Stanton. (Source: Retail Gazette)

M&S have also announced the launch of a strategic partnership with Microsoft focused on testing the integration of Microsoft AI technologies into M&S’ customer experience, stores and wider operations. The partnership will see the two organisations work together to explore how technologies such as artificial intelligence can be utilised. (Source: Company Press Release)

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Next have teamed up with WED2B, the bridal wear retailer, to open their first commercial wedding dress concession. Due to open on 29 June 2018, the concession will be situated on the third floor of the Next store in the Manchester Arndale shopping centre. (Source: Retail Bulletin)

Ted Baker have appointed digital and marketing specialist Sharon Baylay as a Non-Executive Director with immediate effect. Baylay has been appointed as a member of the audit, remuneration and nomination committees. (Source: Retail Bulletin)

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Yours Clothing, the plus-size retailer, have announced that their Bad Rhino menswear brand is to open their first standalone stores. Due to launch in June 2018, the first shop will open in Skegness and the second in Great Yarmouth. (Source: Retail Bulletin)

 

Electrical & Entertainment

Argos have launched a new augmented reality feature in their iOS app to enable customers to view an animated version of different TV models in their own homes using their smartphone. The new functionality could revolutionise the way large TVs are purchased by giving customers the opportunity to see what the products will look like in-situ. (Source: Retail Bulletin)

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Game Digital have announced that Lesley Watkins will to step down from the position of Non-Executive Director with effect from 19 June 2018 in order to pursue other opportunities. (Source: Company Press Release)

Moonpig, the greeting etailer have appointed Nickyl Raithatha as their Managing Director to succeed current boss James Sturrock with effect from 02 July 2018. (Source: Retail week)

 

Food & Drink

Morrisons have launched the Volcanic Vindaloo, a ready meal which they claim is the hottest supermarket curry ever. The meal includes a hot chicken tikka masala, chili naans, spicy onion bhajis and pilau rice; it contains Naga chillies, and is aimed at extreme curry lovers who find the spice levels in existing products too mild. (Source: GlobalData)

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Household

Dunelm have announced that their Digital Director, Joe Murray has stepped down from his position with effect from 31 May 2018. (Source: Retail week)

Habitat have plans to open new standalone stores at the Westfield London shopping centre and in Brighton this autumn. Having acquired Habitat in September 2016, Sainsbury’s is investing £1.5m in the new shops which will mark the first major investment in Habitat’s store portfolio for a decade. (Source: Retail Bulletin)

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Trouva, the UK based curated online marketplace for independent bricks-and-mortar retailers, has formally launched in Germany in their first step to global expansion. Trouva will be offering independent retailers based in Berlin an online customer base through their marketplace, as well as in-store technology such as inventory management software, real-time logistics platform and AI machine learning. They will also have the ability to offer customers same-day click-and-collect and worldwide shipping. (Source: Retail Gazette)

 

Courtesy of ‘Barclays

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