Table of Contents
Analyst Comment
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- M&S
- Food up, clothing down
- But just how bad is that performance in General merchandise?
- Putting it in perspective
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- Figure 1: UK clothing retailers, sales per square metre, 2011/12
- And how serious is it?
- Great underlying strength
Retail Sales – Background and Outlook
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- Key points
- Retail sales trends
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- Figure 2: Retail sales trends, 2012-13
- BRC data for February
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- Figure 3: UK retail sales y/y growth, BRC vs ONS, 2011-13
- John Lewis
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- Figure 4: John Lewis: Year-on-year growth, 2012-13
- Inflation and wages
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- Figure 5: RPI vs Average Weekly earnings growth, 2008-13
- Inflation
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- Figure 6: Annual percentage change in the consumer price index for selected product groups, 2012-13
- Looking forward
Sector Focus – Furniture, Floorcoverings and DIY Retailing
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- The consumer: Hints of recovery
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- Figure 7: The consumer: Percentage of consumers stating that extra money is spent on Furniture/home improvements/décor, January 2011-March 2013
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- Figure 8: The consumer: Trends in spending money on the home (new kitchen, redecorate, new furniture etc), June 2012-March 2013
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- Figure 9: The consumer: Net positive confidence measure, July 2011-March 2013
- Spending and retail sales: Patchy growth returns
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- Figure 10: Consumer spending (incl. VAT), 2008-12
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- Figure 11: Retail sales (incl. VAT), 2008-12
- But specialists losing share of spending
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- Figure 12: DIY/furniture/floorcovering specialists sector sales as % of consumer spending on home categories*, 2008-12
- Leading specialists
- Outlook: Big-ticket prospects uncertain
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- Figure 13: Factors impacting home goods categories
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- Figure 14: Outlook for home goods categories
Headlines for the Month
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- Co-ops
- Convenience stores
- Grocers
- Clothing retailing
- Mixed goods retailing
- Multi-sector retailing
- DIY retailing
- Electrical retailing
- Music and video goods retailing
- Opticians
- Economy
News Analysis
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- Co-ops
- Co-operative Food
- …invests £6.5 million in fast payment initiative
- …offers customers healthier options
- …sees profits decline across food business
- Convenience stores
- Aldi opens first UK convenience store
- Costcutter collaborates with Palmer & Harvey
- John Lewis to trial 'Little Waitrose at John Lewis'
- McColl’s refinances debt early as it looks to expand
- Morrisons adds 200,000 sq. ft. of retail space
- One Stop trials franchise model
- Hermes and One Stop collaborate for parcel collection service
- Sainsbury’s expands London convenience stores
- Superquinn reports growth ahead of market expectations
- Waitrose expands London convenience arm
- Grocers
- Asda
- …in talks to buy HMV
- …launches new clothing brand
- …to launch grocery range aimed at children
- Morrisons
- …announces Invesco as largest shareholder
- …launch Nutmeg children’s clothing range
- …puts 700 jobs at risk with cash-handling technology
- …confirms it will launch online food store
- Sainsbury’s
- …online director role expanded to spur digital growth
- …share schemes earns staff a net of £23 million
- …full-year sales rise 1.8%
- SuperValu hit €2.1 billion in sales in 2012
- Tesco
- …acquires Giraffe restaurant chain for £48.6 million
- …faces £1 billion bill to leave US
- …halts Soil & Seed vegetable box scheme
- …launches Price Promise
- …looks to sell Fresh & Easy chain in US
- …market share remains below 30%
- …partners with BBC Worldwide
- … considers online expansion in China
- Waitrose
- …hires senior Ocado executive
- …to unveil gardening and floristry online and in-store
- Other food specialists
- Thorntons adjusts pre-tax profits expectations
- Off-licences
- Majestic Wine to make website more personal
- Clothing retailing
- Ann Summers seeks prime locations
- Arcadia Group
- …to launch series of apps
- …hires former Amex digital boss
- Bank appoints new head of womenswear
- Bench looks at possible sale
- Cambridge Satchel Company drives expansion with new appointments
- Crew Clothing posts increase in revenue
- French Connection falls into the red
- H&M sales fall 3% in February
- Jacques Vert
- …axes jobs
- …hires ex-Disney MD
- Jaeger
- …launches space for emerging talent
- …chairman Stewart Binnie leaves
- Monsoon Accessorize reported £4 million loss
- Moss Bros posts full-year results
- Mulberry issues profit warning
- Next sees full-year profits rise 9%
- Phase Eight opens new concept store
- River Island launches menswear brands online
- Ted Baker reveals strong full-year performance
- Turnbull & Asser appoints managing director
- Urban Outfitters sales increased by 13% in 2012
- Footwear retailing
- Dr Martens pushes retail business
- Jones Bootmaker plans to open Brussels store
- Kurt Geiger to sell through Nordstrom
- Mascotte to open first UK store
- Shoon to acquire Jane Shilton's footwear brand
- Mixed goods retailing
- B&M Bargains sees profits soar 42%
- The Original Factory Shop relaunches womenswear
- Wilkinson multichannel boss to exit
- Multi-sector retailing
- Home Retail Group sees sales rise on back of tablet sales
- Laura Ashley
- …demands 10% back from suppliers
- …profits rise by 9.2%
- M&S
- …reportedly expecting further decline in clothing sales
- …to unveil poor fourth quarter results
- …shares on 28-month high after Qatar takeover rumours
- …introduces ‘click & collect’
- …targeted by Qatari takeover
- Department stores
- Beale reports lower sales, improved gross margin
- Debenhams
- …delays payments to suppliers
- …poaches Argos multichannel boss
- …aims to boost market share in menswear with Patrick Grant
- …strengthens ‘Designers at Debenhams’ portfolio
- Fortnum & Mason: new CEO lets go of two directors
- House of Fraser
- …to open more Click & Collect stores
- …like-for-like sales up 4.5%
- John Lewis demands rebate from suppliers
- DIY retailing
- Homebase launches customer insight strategy
- Kingfisher’s profits plunge by 11%
- Screwfix appoints new CEO
- Topps Tiles forecasts lower profits
- Electrical retailing
- BrightHouse creates new exec roles
- Jessops
- …collapsed under £81m debt
- …reopens six stores
- Music and video goods retailing
- Blockbuster
- …bought by restructuring firm Gordon Brothers
- …to expand into music retail
- HMV
- …and Blockbuster owed £490 million in debts
- …set to be rescued
- Furniture retailing
- DFS
- …refinances after strong first half
- …shows confidence in Irish retail market
- Homewares retailing
- Cath Kidston opens concessions in Spanish department stores
- Dunelm posts third quarter results
- Home shopping
- Asos
- …hires in Birmingham for global growth
- …sales increase by 37% in second quarter
- eBay rebrands price comparison site Shopping.com
- Findel to report 8.3% sales growth
- Ocado
- …announces new bonus scheme
- …posts 14.4% sales increase in first quarter
- …shares boosted from talks with Morrisons
- Occa Furniture appoints former Bestbuy exec to board
- Health and beauty retailing
- Boots launches Shapers ready meals
- Book and stationery retailing
- Staples hires Portugal boss for UK multichannel strategy
- Waterstones to offer bonus material in books
- WH Smith brings back DVDs after HMV failure
- Sports and leisure goods retailing
- JD
- …offers Cloggs staff voluntary redundancy
- …Republic buying director heads to JD Sports
- Sweaty Betty plots expansion
- Charity shops
- Nectar offers points for giving to Oxfam
- Opticians
- Vision Express
- …focus on value sees profits rise
- …launches Heston Blumenthal range
- Miscellaneous specialist retailing
- Go Outdoors will create 150 jobs as it opens three new stores.
- Halfords
- …appoints new retail director
- …group commercial director steps down
- …sales helped by cold weather
- Mamas & Papas unveils rebrand
- Pets at Home acquires veterinary practice chain
- Timpson plans 100 more stores at supermarkets
- Jewellery
- Swarovski to launch new fascia Cadenza at Westfield Stratford
- Shopping centres
- One Direction pop-up shop to open
- Trinity Leeds shopping centre brings new offering to city
- Economy
- 4G to up retail spend by £1.8 billion a year
- BDO: like-for-like sales declined in March
- BRC:
- …fashion sales stall due to cold weather
- …footfall up in February
- …shop price inflation rise on the rise again
- Retail sales bounce back in February
- Scottish retail sales continue to see growth
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