Year: 2019
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Apr- 2019 -15 AprilEconomy
Springboard predicts Easter weekend footfall to ‘bounce back’
According to retail experts Springboard, Easter weekend UK footfall is forecast to rise by +2.1%, bringing a “sigh of relief” to high streets and retail parks in what has been a challenging year. The forecast expects a “bounce back” over the key trading period from what was a poor Easter…
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12 AprilClothing & Shoes
Louis Vuitton owner sees revenues jump 16% in first quarter
LVMH, which owns luxury fashion retailer Louis Vuitton, has reported a 16% increase in revenues to €12.5bn (£10.8bn) for the first quarter of 2019. Like-for-like sales increased by 11% compared with the same period in 2018, and shares in the group also jumped by 3.3% to €340.50 in early trading…
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12 AprilClothing & Shoes
Uniqlo operator issues profit warning
Uniqlo operator, Fast Retailing, has issued a profit warning after it was forced into heavy discounting on its winter range caused by warmer than expected weather. Fast Retailing forecast an operating profit of ¥260bn (£1.79bn) for Uniqlo in the full year leading up to August, down ¥10bn (£69m) according to…
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12 AprilAdvice
Top four golden benefits of dropship
With the inexorable rise of e-commerce, consumers have become increasingly discerning and demanding. The key battle grounds for retailers have become focused around product choice, convenience and speed. Whilst almost all retailers recognise the urgency to improve their multichannel offerings, only a few are effectively delivering. Most retailers, in trying…
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12 AprilHigh Street
March sees first YOY non-food footfall rise
March saw the first year-on-year rise in footfall in non-food stores for over two years rising by 1.6% since February, according to Ipsos’ Retail Performance Retail Traffic Index. Average weekly footfall was also up on the previous month, by 4.4% and was up across all parts of the UK. Ipsos…
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12 AprilClothing & Shoes
Bonmarche: Philip Day offer ‘undervalues’ business
Womenswear retailer Bonmarche has said Philip Day’s £5.7m acquisition of the company “materially undervalues” the business and its future prospects. Spectre Holdings, an entity wholly owned by Day, announced the acquisition of more than half of the retailer’s shares on 2 April. He made an offer of 11.445p per share…
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11 AprilClothing & Shoes
World’s largest Primark opens in Birmingham
Primark has opened the biggest store in its worldwide portfolio, in Birmingham. The new 161,000 square foot store will be spread across five floors and will feature a Disney cafe, two restaurants, a barber shop and a beauty studio. For the first time, the new Primark will feature a homeware…
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11 AprilAdvice
The impact of personalised direct mail
Today, only 18% of retail purchases are made online – yet we are told that the high street is dying in favour of online shopping. Whilst we do live in an increasingly virtual world, the value of traditional sales channels should not be underestimated nor undermined in the marketer’s mind,…
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11 AprilHigh Street
Quiz revenues fall short of expectations
Omni-channel fashion brand Quiz has reported a 12% increase in revenues to £130.9m for the financial year ending 31 March 2019. However, the final result is lower than the Quiz board had previously anticipated, after announcing that its target for FY 2019 would be approximately £133m. This was adjusted to…
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11 AprilHigh Street
US deal puts dent in WHSmith profits
WHSmith’s profit before tax dropped by 21% to £65m, following the retailer’s acquisition of American airport store In Motion for £155m late last year. According to its interim results for the six months ended 28 February 2019, excluding In Motion, its travel revenue saw its profit rise 7% to £44m…
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