Table of Contents
Analyst Comment – Could Renting be the Future of the Fashion Industry?
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- What we've seen
- Renting fashion becomes more mainstream
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- Figure 1: Westfield Style Trial Pop-Up, 2017
- How often do people buy clothing?
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- Figure 2: Frequency of clothing purchases in the last 12 months, August 2017 and August 2018
- Sentiment towards fashion rentals
- Barriers to entry
- What it means
UK Retail Sales
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- Key points
- Retail sales
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- Figure 3: Retail sales trends, 2017/18
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- Figure 4: UK retail sales y/y growth, BRC vs ONS, July 2016-September 2018
- John Lewis
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- Figure 5: John Lewis Department Stores: year-on-year growth, Aug 2017-Nov 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-Jul 2018
- Confidence
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- Figure 8: Mintel financial confidence tracker, January 2016-September 2018
- Looking forward
Sector Focus – Clothing and Footwear
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- Footwear and clothing specialists underperforming
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- Figure 9: Annual % change in value clothing and footwear retail sales, non-seasonally adjusted, by month, Jan 2017-Oct 2018
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- Figure 10: Annual % change in volume clothing and footwear retail sales, non-seasonally adjusted, by month, Jan 2017-Oct 2018
- Inflation
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- Figure 11: CPI: Annual % change in the price of clothing and footwear (incl. repairs), Jan 2017-Oct 2018
- Consumer spending slows down in 2018
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- Figure 12: Consumer spending on clothing and footwear, at current prices, non-seasonally adjusted, Q1 2017-Q2 2018
- Customer loyalty is low
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- Figure 13: Loyalty behaviours towards shopping for clothes, July 2017
Launch Activity and Innovations
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- UK: Sainsbury’s and Oasis planning concession partnership
- UK: M&S launches interactive sea map
- UK: M&S launches new Social Plastic reusable bag
- UK: John Lewis introducing after-hours private shopping service
- UK: Selfridges unveils new innovative menswear floor
- UK: IKEA launches first inner-city store in London
- UK: Waterstones unveils new store concept
Headlines for the Month
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- Co-ops
- Grocers
- Clothing retailing
- Mixed goods retailing
- Multi-sector retailing
- Department stores
- DIY retailing
- Music and video goods retailing
- Furniture retailing
News Analysis – Food and Drink
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- Co-ops
- UK: Co-op
- …acquiring former Waitrose stores
- …new £45 million distribution centre to create 1,200 jobs
- Grocers
- UK: Asda staff shake-up could lead to 2,500 job cuts
- UK: Booths narrows its losses
- UK: M&S appoints new leadership team for food business
- UK: Morrisons third quarter sales up but retail growth slows
- UK: Percol unveils UK’s first plastic-free coffee packaging
- UK: Sainsbury’s
- …half year results boosted by Argos takeover
- …CMA investigation into Sainsbury’s-Asda merger to factor in Aldi and Lidl’s impact
- UK: Waitrose & Partners Food & Drink Report reveals latest trends
News Analysis – Clothing and Footwear
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- UK: Burberry profits surge 36% despite sales drop
- UK: Coach the latest luxury house to ban the use of real fur
- UK: Coast bought out of administration by Karen Millen
- UK: Eleanor Tomlinson new brand ambassador for Radley London
- UK: End opens first London store in Soho
- UK: Fat Face appoints Oasis and Warehouse chief Liz Evans as new CEO
- UK: French Connection begins sale talks
- UK: Jaeger to triple store network by end of 2019
- UK: John Smedley opens third UK standalone store
- UK: Karen Millen puts 100 jobs at risk
- UK: Mulberry sales hit by House of Fraser administration
- UK: New Look
- …could lose more UK stores
- …exiting the Chinese market
- …half year results show a return to profitability
- UK: Next sales up 2% in Q3
- UK: Oasis and Warehouse hit by credit insurers move
- UK: Primark achieves strong full year performance in the UK
- UK: QUIZ opens flagship store at Liverpool ONE
- UK: Reiss profits drop 26%
- UK: Sandro opening a menswear flagship store on Regent Street
- UK: Seasalt reports 23% increase in full-year sales
- UK: Superdry
- …first half sales affected by summer heatwave
- …issues profit warning
- UK: Ted Baker launches first advertising campaign
- UK: TK Maxx FY sales increase 11%
- UK: Zara UK reports soaring profits
- Footwear
- UK: Footasylum
- …experiences difficulty in second half trading
- …credit insurance cut by numerous companies
- UK: Schuh profits fall 9.6%
- UK: Shoe Zone reports strong second half performance
News Analysis – Mixed Goods
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- UK: Home Bargains sales surpass £2 billion
- UK: The Range posts falling profits
- UK: Wilko swings to red
- Multi-sector
- UK: Halfords profits drop but sales rise in interim results
- UK: M&S
- …appoints new leadership team for food business
- …expected to report a double digit drop in profits in interim results
- …interim results reveal a sales decline across both divisions
- UK: Mothercare cuts 200 jobs
- Department stores
- UK: Debenhams
- …to close up to 50 stores over the next three to five years
- …to potentially close one third of its stores
- …retail and digital managing director resigns
- UK: House of Fraser
- …buys Glasgow store to create ‘Harrods of the North’
- …closing iconic Manchester store
- UK: John Lewis
- …JLAB innovation programmes launches retail experience challenge
- …announces ambitious plan for reducing HGV emissions
- …begins search for new Chairman
- …Cheltenham store opens today
News Analysis – Household Goods
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- DIY retailing
- UK: B&Q pulling out of Black Friday
- UK: Homebase announces further store closures
- UK: Travis Perkins report solid trading for Q3 2018
- Music and video goods retailing
- UK: HMV overtakes Amazon as UK’s biggest seller of physical music
- Carpet retailing
- UK: Carpetright sales dented by CVA store closures
- Furniture retailing
- UK: Bensons for Beds partners with sleep expert
- UK: IKEA UK sales boosted by store openings and digital growth
- UK: ScS Group to pull out of House of Fraser concessions
- Homewares retailing
- UK: Dunelm posts flat quarterly revenue
News Analysis – Online
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- UK: Amazon
- …launches Prime Wardrobe in the UK
- …to create 1,000 technology jobs in three UK cities
- …to open fashion pop-up on Baker Street
- UK: AO World to acquire Mobile Phones Direct
- UK: Moonpig to open Manchester tech hub
- UK: Musclefood undergoes major rebrand
- UK: N Brown reports first-half losses
- UK: Shop Direct planning to shut outlet arm
- UK: Sosandar expects to report 407% increase in half year revenue
News Analysis – Other Retail
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- Health & beauty retailing
- UK: Boots fourth quarter sales fall
- Book and stationery retailing
- UK: Paperchase reports falling profits
- UK: The Works reports 15% sales rise in first update since IPO
- UK: WHSmith
- …acquires InMotion for £155 million
- …announce store closures following detailed review
- Sports and leisure goods retailing
- UK: Sports Direct acquires Evans Cycles
- Jewellers
- UK: Claire’s stores under threat of closure
- Shopping centres
- UK: Bond Street completes £10 million transformation
- UK: 02 Icon Outlet opens its doors
- Toys and games retailing
- UK: GAME narrows annual losses
- UK: Hamleys
- …appoint new finance chief
- …profits dive to £12 million loss
News Analysis – Economy
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- UK: October retail sales growth up just 0.1%
- UK: September retail sales up by 4.2%
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