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#retailweek #retailtrends #retailnews #Retail & #Brand trends for w/e 15th March 2019 #marketingweek

March 18, 2019

Company Results:

  • DFS have reported a 29.1% increase in total revenue to £422.3m for the 22 weeks ending 30 December 2018. EBITDA and profit before tax increased by 41.9% and 127.4% respectively for the same period.
  • Eve Sleep reported a 25.0% increase in revenue to £34.8m for the 12 months ending 31 December 2018. Gross profit increased by 15.0% to £18.4m for the same period.

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  • French Connection have reported a 0.2% increase in total revenue to £135.3m for the year ending 31 January 2019. Retail revenue and retail like-for-like revenue decreased by 10.6% and 6.8% respectively for the same period.
  • Lookers have reported a 4.0% increase in revenue to £4.9bn for the year ending 31 December 2018. Profit before tax decreased by 9.0% to £53.1m for the same period.
  • Marshall Motor Holdings have reported a 2.0% decrease in revenue to £2.2bn for the year ending 31 December 2018. Like-for-like revenue increased by 1.2% to £2.1bn for the same period.
  • Morrisons have reported a 2.7% increase in revenue to £17.7bn for the ending 03 February 2019. Group like-for-like revenue also increased by 4.8% for the same period.

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  • Pendragon have reported a 2.4% decline in total revenue to £4.6bn for the year ending 31 December 2018. Like-for-like revenue also decreased by 1.3% to £4.5bn for the same period.

 

Clothing, Footwear & Accessories:

  • Boots have announced revamp plans of their beauty halls, beauty specialists, and the launch of 15 new beauty brands. From April 2019, the beauty retailer will provide a new experience for customers by offering advice to customers from beauty specialists for the first time. (Source: Retail Gazette)

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  • Footasylum have collaborated with new payments service Laybuy. The payments option allows customers to purchase and receive a product immediately, while spacing out their payments for that item over six weekly instalments, with zero percent interest. (Source: Retail Week)
  • Hunter have announced the appointment of Mark Reed as their new Chief Financial Officer with immediate effect. He will join the upmarket footwear label and retailer from Anya Hindmarch, where he served in a similar role since 2017. (Source: Retail Gazette)

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  • Mothercare have announced the sale of Early Learning Centre to The Entertainer for £13.5m. The sale will help slash some of Mothercare’s debt and also ensures that they are ahead of schedule with their Company Voluntary Arrangements (CVA) store closure scheme. (Source: The Guardian)
  • Primark have announced the release of a sustainable denim collection as they aim to shift towards sustainably sourced products. The new women’s jeans are made with 100% sustainable cotton, which is purchased from Primark’s Sustainable Cotton Programme. (Source: Retail Gazette)
  • Primark and Disney have entered into a partnership to unveil a raft of in-store firsts in their new Birmingham branch. The store will include three eateries including a Disney Cafe, the first outside the entertainment giant’s own resorts and cruise ships. (Source: Retail Week)

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  • Schuh have announced that the Buying Director David Spencer has stepped down with immediate effect. He served the company for 21 years. (Source: Retail Gazette)

 

Electrical & Entertainment:

  • Evans Cycles have announced the closure of eight stores following their sale to Sports Direct. The closure process was nearing their conclusion and total count is well below initial fears of 31. (Source: Retail Gazette)

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  • Hamleys have announced the appointment of Yong Shen as their Chief Executive Officer with immediate effect. (Source: The Telegraph)
  • Maplin & Warren Evans have made an online comeback following their administration collapse in February 2018. Maplin has confirmed through a Twitter announcement in February 2019 that they have been trading online since 30 January 2019. (Source: Retail Gazette)

 

Food & Drink:

  • Asda have announced the removal of 6500 tonnes of plastic packaging since February 2018. The company also pledged to make all of their plastic recyclable by 2025. (Source: The Grocer)
  • Ocado have announced to deliver online grocery orders within one hour. The new service, called Ocado Zoom, is powered by same-day delivery platform Stuart and trial will be focused around West London. (Source: Retail Gazette)

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  • Poundworld have launched their brand new discount chain One Below, creating 120 jobs in several regions of the UK. The first store opened in Rothwell, West Yorkshire on 01 March 2019 and the company will offer a wide range of items across 10 departments. (Source: Retail Week)

 

Household:

  • Ikea have announced the opening  of their second planning studio  on 28 March 2019. The south-east London studio is in addition to the Tottenham Court Road store and will support and offer customisation to shoppers. (Source: Retail Gazette)

IKEA

  • John Lewis have announced a partnership with  Mamas & Papas to supply a curated range of products for their stores as well as their online platform. The new range will include Mamas & Papas’ popular travel items, as well as pushchairs, and will be available at various John Lewis stores. . (Source: The Drapers)

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  • Kingfisher have announced to stop selling harmful  slug pellets at B&Q stores. The pellets contain the pesticide metaldehyde, which harms wildlife, and the firm is the first major retailer to remove them from 1200 stores as well as from online sales amid growing demand for environmentally friendly products. (Source: Retail Week)
  • The Sofa & Chair Company have announced the opening of a pop-up shop on London’s King’s Road to showcase their products and those of their partners. The shop is designed in collaboration with fabric houses Designers Guild, Romo and Jason D’Souza. (Source: Retail Bulletin)

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Courtesy of ‘Barclays

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