Table of Contents
Analyst Comment – Another Parliamentary Investigation
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- Are the high streets in decline?
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- Figure 1: Major sectors growth in 2017
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- Figure 2: Major sectors share of all retail sales, 2017
- But what about all these retail failures?
- Fashion – Rabbits in the headlights
- What do we mean by online?
- Where next for online?
- Book shops
- Electricals
- And so what about the high street?
- Consumers rule
UK Retail Sales
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- Key points
- Retail sales
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- Figure 3: Retail sales trends, 2016/17
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- Figure 4: UK retail sales y/y growth, BRC vs ONS, 2016-2018
- John Lewis
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- Figure 5: John Lewis Department Stores: Year-on-Year Growth, Apr 2017- May 2018
- Inflation
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- Figure 6: Annual percentage change in the consumer price index for selected product groups, 2016-17
- Inflation and wages
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- Figure 7: Real wages growth: Wages growth vs inflation, Jan 2015- Apr 2018
- Confidence
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- Figure 8: Mintel Financial confidence tracker, January 2016 – April 2018
- Looking forward
Sector Focus – DIY Retailing
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- Value sales remain volatile…
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- Figure 9: Annual non-seasonally adjusted percentage change in the value sales of hardware, paints and glass retailers and all retail sales at current prices, Mar 2017-Mar 2018
- …as does volume
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- Figure 10: Annual non-seasonally adjusted percentage change in the volume sales of hardware, paints and glass retailers and all retail sales at current prices, Mar 2017-Mar 2018
- Prices of DIY soar
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- Figure 11: Annual percentage change in the price of tools and equipment for house and garden and overall inflation, Jul 2017-Mar 2018
- Housing market declining
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- Figure 12: Net of all Home improvement projects undertaken, by length of stay in current home, March 2018
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- Figure 13: Number of residential property transactions £40,000 or above, by month, Oct 2016-Mar 2018
- Major players
- Bunnings/Homebase
- Wickes (Travis Perkins)
- B&Q and Screwfix (Kingfisher Group)
Innovations and Launch Activity
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- UK: Amazon buys UK rights to US Open tennis tournament
- UK: B&Q considers moving onto the high street
- UK: H&M to collaborate with MOSCHINO
- UK: Iceland launches first online store in China on JD.com
Headlines for the Month
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- Food and Drink
- Clothing and Footwear
- Home and Household Goods
- Online
- Other Retailing
- Economy
News Analysis – Food and Drink
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- UK: Co-op…
- …launches new mobile site to help staff manage shifts online
- …takeover of Nisa given green light by watchdog
- …trials robot delivery in Milton Keynes
- UK: Holland & Barrett sales rise as profits fall over 2017
- UK: Greggs sales up but outlook remains cautious
- UK: Iceland to cut palm oil from all own-brand products
- UK: Majestic Wine accelerates growth plans
- UK: Marks & Spencer…
- …launches new in-store marketing campaign
- …to close Warrington distribution centre
- UK: Merchant Gourmet launches pop-up in Waitrose store
- UK: Morrisons sales up 3.6% in Q1
- UK: Nisa…
- …Former Tesco boss becomes new Nisa CEO
- …sales up thanks to store acquisitions from Palmer & Harvey
- UK: Sainsbury’s…
- …drops project to halve household food waste
- …offers ‘touch-free’ meat packaging
- …sales up 9% in 2017
- …trials London delivery with electric cargo bikes
- …and Asda propose merger
- UK: Tesco…
- …launches smaller wine bottles aimed at millenials
- …produces juices made from ‘wonky’ produce
- …profits soar in 2017
- UK: Waitrose to remove all disposable coffee cups by autumn 2018
News Analysis – Clothing and Footwear
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- UK: American Apparel to relaunch in the UK
- UK: app for recycling unwanted clothes in exchange for discounts launches
- UK: Bench calls in administrators
- UK: boohoo profit up 40% over 2017 as revenue soars
- UK: Bonmarché store sales fall as online rises in 2017
- UK: Burberry to examine fur policy
- UK: Christo Wiese steps down from New Look board
- UK: East to cease trading in May after failing to find a buyer
- UK: French Connection to sell Toast brand
- UK: Jacques Vert and Precis owner set to appoint administrators
- UK: JD Sports…
- …opens store in airport
- …sales and profits soar over 2017
- UK: Mothercare sales fall as footfall suffers in Q4
- UK: N Brown…
- …sales edge up as profit falls in 2017
- …to stock Quiz range
- UK: new concept store to support emerging designers opens in London
- UK: New Look sees credit insurance cut
- UK: Next first quarter sales rise 6%
- UK: Primark profits hold firm as like-for-likes fall in H1
- UK: Quiz…
- …expands into menswear
- …sales grow 30% in 2017
- UK: River Island to launch an online third-party brand store
- UK: Select opts for CVA and says no stores will be closed
- UK: Simply Be unveils customer rewards scheme
- UK: Yours Clothing revenue rises 22% over 2017
News Analysis – Home and Household Goods
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- Carpet retailing
- UK: Carpetright…
- …creditors approve CVA and close 81 stores
- …issues profit warning and shareholders approve CVA
- …to close 92 stores as part of proposed CVA
- …hedge fund doubles Carpetright stake ahead of CVA vote
- UK: Tapi in talks to buy Carpetright stores
- DIY retailing
- UK: Bunnings UK sales fall 13.5% in Q3
- UK: Homebase…
- …former Comet owner targets Homebase
- …sale advertised with gift to entice bidders
- UK: Travis Perkins sales up in Q1
- Electrical retailing
- UK: Alex Baldock enacts changes at the top of Dixons Carphone
- UK: Jessops launches new store format
- UK: Mike Ashley now GAME’s largest single shareholder
- Homewares retailing
- UK: Dunelm revenue rises in Q3
- UK: House opens first three stores in the UK
News Analysis – Online
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- UK: ASOS…
- …sales up 27% as it passes one billion site visits
- …to launch own-brand homewares range
- UK: click-and-collect company Doddle launches Facebook chatbot for returns
- UK: Kleeneze enters administration
- UK: Ocado partners with Swedish grocer ICA
- UK: Swoon…
- …launches pop-up shop amid brand overhaul
- …sales grow 83% in 2017
News Analysis – Other Retailing
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- Book and stationery retailing
- UK: Card Factory profits down over 2017
- UK: Waterstones sold to Elliott Advisors
- UK: WH Smith sales remain flat despite strong travel performance in H1
- Department stores
- UK: Debenhams…
- …suffers severe profit loss of 85% over first half year
- …to offer a global money transfer service
- UK: Harrods inaugurates its first luxury charity shop
- UK: House of Fraser…
- …drafts in KPMG to help with restructuring
- …to close stores as part of CVA
- …to launch premium Chinese brands
- UK: John Lewis runs year-long start-up incubator
- UK: Selfridges launches first cinema advertising campaign
- Garden retailing
- UK: Carol Paris receives backing to set up new garden centre group
- UK: Cherry Lane acquires David’s Nurseries
- Health & beauty retailing
- UK: FeelUnique introduces pre-orders for cult beauty products
- UK: The Fragrance Shop sales increase 6% over 2017
- Mixed goods retailers
- UK: Tofs to close stores as part of turnaround plan
- UK: Argos adds 150 new tech roles in London and Milton Keynes
- UK: Poundworld considers closing up to 100 stores
- Pet product retailing
- UK: Love My Human opens first physical store
- Shopping centres
- UK: Hammerson…
- …rejects latest Klepierre takeover offer
- …withdraws Intu takeover bid
News Analysis – Economy
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- UK: April retail sales fall 3.1%
- UK: footfall at lowest levels since end of 2010
- UK: grocery regulator gives tentative green light to Sainsbury’s/Asda merger
- UK: March retail sales up despite poor weather
- UK: shop prices fall in April
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