Company results:
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AO World have reported a 13.6% increase in group revenue to £796.8m for the 52 weeks ending 31 March 2018. Total UK revenue Increased by 8.1% to £680.8m, while website sales for UK increased by 8.7% to £606.6m for the same period.
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Findel have reported a 4.8% increase in revenue to £479.0m for the 52 weeks ending 30 March 2018. Adjusted operating profit increased by 15.4% to £36.0m, for the same period.
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House of Fraser have reported a 6.8% decrease in turnover for the 52 weeks ending 27 January 2018. Operating profits decreased by 37.7% to £19.8m, while online sales decreased by 10.8% to £263.1m for the same period. (Source: GlobalData)
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JCT600 have reported a 2.0% increase in revenue to £1.25bn for the 12 months ending 31 December 2017. Operating profit increased to £19.1m for the same period. (Source: Motor Trader)
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Joules have reported an 18.4% increase in group revenue to £185.9m for the 52 weeks ending 27 May 2018. Retail revenue increased by 15.9%, while wholesale revenue increased by 24.0% for the same period.
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Matalan have reported a 2.5% increase in revenue to £1,063.0m for the 52 weeks ending 24 February 2018. Full price sales increased by 11.7%, while EBITDA increased by 35.7% for the same period. (Source: GlobalData)
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Quiz have reported a 30.0% increase in group revenue to £116.4m for the 52 weeks ending 31 March 2018. Revenue from UK stores and concessions increased by 12.0% to £64.6m, while underlying profit before tax increased by 20.0% to £9.8m for the same period.
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The Hut Group have reported a 47.0% increase in group sales to £736.0m for the 12 months ending 31 December 2017. International sales increased by 62.0% to £512.0m, while gross profit increased by 51.0% to £318.0m for the same period.
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WH Smith have reported a 4.0% increase in revenue for the 13 weeks ending 02 June 2018. Like-for-like sales increased by 1.0%, while travel business total sales increased by 8.0%. High street sales decreased by 1.0% for the same period.
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Clothing, Footwear & Accessories
• Amazon have announced plans to create 2,500 new permanent jobs, subsequently bringing its total UK workforce to 27,500 by the end of 2018. They plan to hire staff for head office, research and development, Amazon Web Services (AWS), and operations roles in various locations around the country. (Source: Retail Gazette)
• Deciem, the beauty and skincare umbrella brand, have chosen London’s Seven Dials for the opening of its first UK store. The store operates as a dual-fascia with the NIOD brand sharing the 1,265 sq.ft. unit with Deciem. (Source: Retail Bulletin)
• Farfetch have appointed Ronojoy Dam to take on the newly created role of Creative Brand Director with immediate effect. Dam will be responsible for driving global awareness of Fartech. (Source: Drapers)
• H&M have announced two new cutting-edge technology features during Stockholm Fashion Tech Talks, a state-of-the-art conference on fashion digitisation. Working with Google, the retailer has developed a voice app for H&M Home in selected markets. In addition, H&M’s Monki fashion brand has teamed up with HoloMe to create high definition human holograms in Augmented Reality which have gone on test. (Source: Company Press Release)
• H&M have also announced plans to update their clothing sizes for women to make them consistent with standard UK sizing. The updates have begun with in-store stock and will be extended to include online offerings.(Source: Retail Gazette)
• Khaadi, the Pakistan based international fashion brand, have opened their first Scottish store at Silverburn shopping centre in Glasgow. (Source: Retail Bulletin)
• Mothercare have confirmed plans to close 50 of their 137 stores by June 2019 after landlords approved the retailer’s CVA plan. (Source: GlobalData)
• Richemont, the Swiss luxury goods group, have announced plans to acquire watch specialist Waychfinder.co.uk. The transaction is expected to close in summer 2018. (Source: Company Press Release)
• Superdrug have announced plans to launch a mobile plan for their loyalty card members. The health and beauty retailer will launch a SIM-only plan for any customers who hold a Health & Beautycard on 20 June 2018. There will be no contracts and for £10 a month customers will receive unlimited texts, calls and 4GB of data with anything unused getting rolled over to the next month. (Source: Retail Gazette)
• Superdrug and The Perfume Shop have announced plans to open 1,300 new stores across its global portfolio. Superdrug have also extended their in-store beauty services with the launch of a new piercing service in 53 of their stores. (Source: Retail Gazette)
• Ted Baker have launched a new children’s clothing line in partnership with the Beano, featuring iconic characters from the historic British comic. The new “Beano Baker” range will be exclusively available at Debenhams, and it will include t-shirts, shirts, hoodies and loungewear in colours and designs inspired by the original Beano Fan Club. (Source: Retail Gazette)
• Zalando have announced plans to launch online shops in Ireland and the Czech Republic during the summer of 2018. The move will mark the first time the retailer has entered a new country since 2013. Zalando is also planning to localise their proposition further in Germany and Switzerland by offering additional language versions of their online shops. (Source: Retail Bulletin)
Electrical & Entertainment
• The Entertainer have entered into a partnership with Egyptian company Arabic Triangle in which their seven Toy World Egypt stores will be converted to The Entertainer. The deal also includes a new store opening in the Mall of Egypt in November 2018. (Source: Retail Bulletin)
Food & Drink
• Sainsbury’s have announced the promotion of Clodagh Moriarty to the newly created group chief digital officer role with immediate effect. Her responsibility will be to create and lead the company’s digital strategy, ensuring customers experience an integrated and seamless digital experience across the Sainsbury’s, Argos, Sainsbury’s Bank and Nectar divisions. (Source: Retail Gazette)
• Sainsbury’s have also teamed up with Unilever to launch five in-store ice cream parlours. Shoppers in Sainsbury’s Balham, Wandsworth and Clapham Common stores are being offered Ben & Jerry’s ice cream while those in Bishop Stortford and Walton-on-Thames can purchase Carte D’or. Customers at all of the shops are also able to create their own ice cream combinations by choosing from a range of flavours, toppings and sauces. (Source: Retail Bulletin)
• Waitrose have announced a new partnership with private health care company Bupa and have plans to launch health checks in stores across their estate. Health stations will be set up across 17 of 353 UK stores, where customers can check their height, weight and blood pressure. Health advisors from Bupa will also be on hand to offer assessments and personal fitness advice. (Source: Retail Gazette)
• Waitrose have also become the first UK supermarket to add dedicated vegan sections to their branches and has more than doubled their vegan and vegetarian range at 134 stores. (Source: GlobalData)
Household
• House of Fraser have announced plans to close 31 of their 59 sites in the UK and Ireland, including their flagship on London’s Oxford Street. The retailer is also set to seek rent reductions of 25% for some of the stores that they intend to keep open. (Source: GlobalData)
• Ikea have announced plans to remove all single-use plastic products by 2020 as concerns grow over the impact of plastic pollution on the environment. The retailer has revealed its updated sustainability strategy, outlining commitments to create all their products solely using renewable and recycled materials, and to increase the proportion of plant-based choices in its food offer. (Source: Retail Week)
• John Lewis have acquired Opun, which manages home improvement projects on behalf of customers. The acquisition will strengthen the retailer’s position in the home services market while also complementing their home product range. (Source: Company Press Release)
Motor
• Burrows Motor Company have acquired L&S Copcutt in Worksop. The new business complements the group’s four existing Toyota dealerships in Sheffield, Doncaster, Barnsley and Rotherham. (Source: AM Online)
• Hepworth Motor Group have completed the shift from Honda to Mitsubishi at their Halifax dealership as part of a refranchising exercise hoping to generate growth in market share and profitability. (Source: AM Online)
• Kia Motors UK have appointed their Ex-Managing Director, Michael Cole, as Chief Operating Officer and Executive Vice President of Kia Motors America with immediate effect. Cole will serve as the central point of contact for all sales, marketing, service and corporate and product planning functions in the US, and will report to KMA’s president and CEO, Sean Yoon. (Source: Motor Trader)
• Vertu Motors have appointed Jonathan Snelson as the Group Fleet Director with immediate effect. Jonathan’s objective will be to establish key relationships and act as the central point of contact for fleet customers for sales and aftersales. (Source: Motor Trader)
Courtesy of ‘Barclays‘
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