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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 8th February 2019 #marketingweek

February 11, 2019

Company Results:

  • Allen Ford UK have reported a 54.0% increase in revenue on continuing operations for the year ending 30 June 2018. Profit before tax also increased by 18.0% to £11.5m for the same period. (Source: Motor Trader)
  • Made.com have reported a 37.0% increase in total revenue to £173.0m for the year ending 31 December 2018. UK revenue increased by 34.0% to £100.0m for the same period. (Source: Retail Gazette)

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  • Ocado have reported a 12.3% increase in total revenue to £1,598.8m for the 52 weeks ending 02 December 2018. Retail revenue and Solutions revenue increased by 12.0% and 15.8% respectively for the same period.

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  • Superdry have reported a 1.5% decrease in total sales to £269.3m for the 13 weeks ending 26 January 2019. Wholesale revenue increased by 12.7% to £73.5m during the same period.

Clothing, Footwear & Accessories:

  • Boots have announced the appointment of Adam Zavalis as Director of brand and communications. Adam will begin his new role on 25 February 2019 and will report to UK Marketing Director Helen Normoyle. (Source: Retail Week)
  • Cambridge Satchel Company have announced open flagship store in Seven Dials and expand their online presence in China as the retailer celebrates their 10th anniversary. Employees who previously worked at London’s Covent Garden store will now be transferred to the new store. (Source: Retail Gazette)

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  • Debenhams have announced plans to close 20 stores. The store closure scheme could accelerate amid talks with landlords and banks and increasing speculation of a CVA in the near future. (Source: Retail Week)
  • Farfetch have become the latest fashion retailer to ban the sale of fur from their collection. The online retailer announced they would drop fur from their collections on their website from December 2019 (Source: Drapers)
  • Feelunique have announced the appointment of Chief Operating Officer, Jim Buckle,and Chief Marketing Officer, Jen Roebuck, with effect from June 2019. (Source: Retail Week)

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  • House of Fraser have announced plans to close Wellingborough warehouse, which will result in 280 jobs cuts. The warehouse, run by XPO Logistics, is closing down on 10 April 2019 after months of uncertainty. (Source: BBC News)
  • Oliver Bonas have announced plans to open eight new stores in 2019, creating 80 jobs. The first of the new stores will open at Gatwick Airport’s North Terminal, with the retailer eyeing up new markets across the UK. (Source: Drapers)
  • Poundland have sold 20,000 engagement rings in a week, resulting in the strongest sales in Yorkshire and the Midlands. The company have capitalised on consumers’ anticipation leading up to Valentine’s Day by putting their rings on sale in January 2019. (The Independent)

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Electrical & Entertainment:

  • HMV have been acquired by Sunrise Records. The company has taken control of 100 HMV shops, preserving 1,500 jobs following the business’s collapse into administration at the end of 2018. (Source: Retail Week)
  • Brighthouse have announced the plans to close 10% of their estate with a total of 30 stores across the UK. The plans will result in 350 job cuts amid the challenging conditions of the high street and a crackdown on rent-to-own retailers. (The Independent)

Food & Drink:

  • Ocado have announced plans to launch a one-hour delivery service in March 2019. They will offer customers on-demand small batch delivery and will target the sub-£60 section of the market. (Source: The Telegraph)
  • Sainsbury have announced the extension of a trial scheme that aims to help customers with hidden disabilities when shopping in-store. The scheme provides shoppers the option to collect a lanyard in-store, which helps shop floor staff recognise if they need additional support with their shopping. (Source: Retail Gazette)

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Household:

  • Carpetright have announced the appointment of Jeremy Simpson as Chief Financial Officer, commencing 25 February 2019. (Source: Retail Gazette)
  • Oldrids & Downtown have announced plans to spend £125m to develop a new designer outlet in the East Midlands town of Grantham, Lincolnshire. The outlet will cover 220,425 sq.ft. and comprise of 107 shops, creating 1700 jobs (Source: Company Press Releases)

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  • Sofa.com have been acquired by Sports Direct owner, Mike Ashley, for an undisclosed sum. The acquisition preserved jobs and makes Sofa.com the latest addition to Ashley’s portfolio of high street retailers(Source: BBC News)
  • Wyevale have confirmed the sale of another six of their stores as part of an ongoing scheme to reduce their estate. (Source: Retail Gazette)

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Courtesy of ‘Barclays

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