Company Results

Bunnings have Reported a 13.8% decrease sales to £276.0m for UK and Ireland businesses for the three months to 30 September 2017. Like-for-like sales decreased by 11.9% for the same period. (Source: Verdict)

Carpetright have reported a 0.6% decrease in UK sales for the 25 weeks to 21 October 2017. UK like-for-like sales increased by 0.8% for the same period. (Source: Verdict)

Debenhams have reported a 2.0% increase in group gross transaction value to £3.0bn for the 52 weeks to 2 September 2017. Group like-for-like sales increased by 0.2% on a constant currency basis for the same period.

Dr. Martens have reported a 12.0% increase in group revenue to £290.6m at constant currency for the year to 31 March 2017. Retail revenue increased by 38.0% to £78.9m for the same period.

Gear4music have reported a 44.0% increase in revenue to £31.2m for the six months to 31 August 2017. UK revenue increased by £30.0% to £17.9m for the same period.

Hobbs have reported a 9.0% increase in sales to £119.5m for the year to 28 January 2017. Gross profit increased by 8.7% to £76.2m for the same period. (Source: Retail Week)

Inchcape have reported an 11.3% increase in group revenue to £2.3bn at constant currency for the three months to 30 September 2017. Retail revenue increased by 3.6% for the same period.

Pendragon PLC have reported a 3.7% increase in like-for-like revenue for the three months to 30 September 2017. Underlying like-for-like profit before tax stood at a break even position for the same period.

Peoples Group have reported a 6.1% increase in turnover to £276.6m for the year to 31 July 2017. Pre-tax profits decreased by 10.4% to £6.3m for the same period. (Source: Motor Trader)

Selfridges have reported a 16.0% increase in sales to £1.6bn for the year to 28 January 2017. Operating profit increased by 18.0% to £180.0m for the same period. (Source: Retail Week)

Lifestyle LFLs were down by –1.68% this week, but from a positive base of +1.68% for the same week last year. Ending a two week run of positive results, 56% of lifestyle respondents reported negative LFLs this week.

Fashion LFLs were down by a significant -9.39% this week from an already negative base of -1.21% for the same week last year. This was the worst in-Store result for fashion in the year-to-date. 84% of respondents reported negative LFLs this week, of which 58% were double-digit declines.

Homeware was the star performer this week with LFLs up by +3.93% from an already strong base of +10.83% for the same week last year. The result followed two negative weeks for homeware and constituted its fourth positive result in the last six weeks.

Non-store LFLs were also held back this week, predominantly by lacklustre non-store fashion sales. LFLs were up by +8.19%, well below the +20% threshold and off of an already uninspiring base of +14.08% seen last year. As inflation continues to bite there is a sense that consumers are forgoing purchases across all channels, something which a change in the weather and the onset of Christmas purchasing are likely to remedy.

Clothing, Footwear & Accessories

Joe Browns have announced plans to open the first physical store at Meadowhall shopping centre, Sheffield. The 4,000 sq.ft shop will offer a range of clothes and accessories for men and women. (Source: Drapers)

Feelunique have launched same-day delivery service for London shoppers. The new service allows their London-based customers to order products before 11am and receive them between 6pm and 10pm the same day. (Source: Retail Gazette)

Nasty Gal, a US retailer, have announced plans to open a pop-up shop at Carnaby Street, London in November 2017. The 2,700 sq.ft shop across two floors marks Nasty Gal’s first bricks-and-mortar venture outside of the US. (Source: Drapers)

New Look have announced that Alistair McGeorge, their former Chairman, has returned to the business following the departure of their Chief Executive Officer, Anders Kristiansen. (Source: Retail Gazette)

Realbuzz, a leisure and fitness retailer, have opened a 1,400 sq.ft store at Liverpool One. The new branch stocks a range of products including trainers, apparel, accessories and nutritional supplements from brands such as Adidas, Nike, Asics, New Balance and Mizuno. (Source: Insider Media)

Realbuzz have also announced plans to launch a further 30 physical stores in the next two years, focusing on the UK over the next 12 months before switching attention to the US and Australia. (Source: Insider Media)

Sainsbury have launched a new menswear range, Tu Formal and Tu Premium, which includes Harris Tweed jackets and wool suits. The range, which is available to buy online and in 250 of Sainsbury’s largest stores, also includes denim and footwear. (Source: The Grocer)

Sports Direct have announced plans to open a new megastore on Ferensway, Hull. The 51,500 sq.ft store will include dedicated space for fashion retailer USC. (Source: Verdict)

Sports Direct have also announced plans to open six new store in 2018, following the acquisition of Tri Yeovil, a triathlon retailer (Source: Retail Week)

White Stuff have announced the appointment of their new Chief Executive Officer, Jo Jenkins, who will join the business by spring 2018. (Source: Retail Bulletin)

Electrical & Entertainment

The Entertainer has partnered with technology consultancy, Red Ant, to create an AI-driven online chat service with a difference. Through the service, the visitors can have a live chat with the Santa about the toys and games they are looking to buy for Christmas. (Source: Retail Week)

Food & Drink

Waitrose have announced the trial of environmental friendly packaging for tomatoes that aims at ending the use of plastic packaging for organic tomatoes. The non-plastic package is created by combining dried tomato leaves with recycled pulp. (Source: Daily Mail)

Household

Benjamin Moore, an American designer paint brand, have opened their first store at Fulham Road, London. The 1,300 sq.ft store stocks the brand’s range of premium quality paint from a colour palette of more than 3,500 shades. (Source: Retail Bulletin)

Debenhams have opened their first Australian store in Melbourne on 24 October 2017. The 3,600 sq.m store is the first of its kind for Debenhams and is a notable shift away from the traditional department store format in Australia. (Source: Drapers)

Debenhams have also announced plans to trial in-store gyms. The retailer has partnered with Sweat!, a gym operator, to launch the service in three stores from early 2018. (Source: Insider Media)

Debenhams have also announced plans to close two of their branches in Eltham, South London and Farnborough, Hampshire as a part of closing under performing stores. (Source: Verdict)

Habitat have announced plans to open four mini-stores in November 2017 as part of their expansion plans under their new owner, Sainbury’s. The new stores will open in York, Manchester, Newcastle and London taking the total to 10. (Source: The Times)

John Lewis have opened a new 120,000 sq.ft store in Oxford on 24 October 2017. The store offers services including personal styling, beauty treatments, home design and more. (Source: Verdict)

John Lewis have announced plans to launch ‘concierge-style’ shopping service as part of their wider plans to reinvent their department stores. The retailer unveiled the initiative at their new store at Oxford. (Source: The Industry London)

Made.com have opened their first Midlands store at The Mailbox. (Source: Retail Bulletin)

Toolstation, a Travis Perkins owned tool retailer, have announced their expansion plans seeking a range of new sites to add to their existing 280-branch network. (Source: Retail Week)

Courtesy of ‘Barclays‘

Tagged: Debenhams, Dr Martens, Fullers, Nasty Gal, Selfridges