Retail Pulse - January 2019
This month, we've got a mix of names featuring for several different reasons.
The most talked about retailers, according to the Retail Burn, include: M&S, Lidl, Amazon, and Rosa’s all reporting positive news stories, and Jack Wills, Debenhams., Gerry Weber, Patisserie Valerie, Chapelle Jewellery and Greenwoods Menswear where the news hasn't been so great.
The Retailer Database shows plenty of good news about M&S. M&S is upping its environmental credentials with the launch of plastic-free fruit and veg and the launch of new recycling bins for non-recyclable plastic packaging; wins PETA’s first-ever 'Vegan-Friendly High Street Retailer'; and, launches Style Finder, a mobile-only feature that allows customers to search products using photos. M&S has, however, also revealed the next 17 shops proposed for closure across the UK as part of plans to reshape its store estate.
At the other end of the scale is Greenwoods Menswear having announced that it had ceased trading and gone into liquidation less than 18 months after being rescued from administration.
Pragma analyses retailer accounts to understand their financial health and sustainability. Those with good scores in these areas feature in our Hot 100.
The Hot 100 in January 2019 included;
Charles Tyrwhitt recording a rise in full year sales to £204.6m
The Entertainer; opening in Hammersmith’s Kings Mall and buying Spanish counterpart Poly
JoJo Maman Bebe; negotiating its fifth US store
Next; opening flagship store at The Moor in Sheffield
Selfridges; launching a range of pasta, protein bars and granola bars made from insect flour in a bid to highlight alternative proteins for inclusion in mainstream diets
Levi’s; opening a women-specific store at Bluewater in a UK first
Wagamama; posts strong quarterly growth
Adidas; opening a new product showroom in Clerkenwell
Retail News Index
The January RNI index for All Retailers, at 95, has decreased by 5.
Leisure, at 104, has increased by 10.
Clothing & Footwear, at 83, has decreased by 3.
Household, at 95, has decreased by 12.
Personal, at 94, has decreased by 12.
Grocery, at 102, has decreased by 11.
Food & Beverage, at 96, has decreased by 12.
Pragma on average reviews over 350 unique items of retailer news. Each article is scored according to sentiment. RNI is the sum of these scores indexed against 2005 and averaged over a three month period. The RNI time series for all retailers starts from May 2002.
Retailer Births & Deaths
There were 5 administrations recorded in January: jewellery retailer, Greenwoods Menswear, Patisserie Holdings (and its subsidiaries Patisserie Valerie, Druckers and Baker & Spice), cook shop Steamer Trading and footwear retailer tReds.
There were 6 new additions to the Pragma Retailer Database in January: @Pizza, Baggage Factory, The Gentlemen Baristas, Hancock’s, Soderberg and Sushimania.
New York restaurant group Halal Guys is to make its UK debut in 2019 with the opening of three London sites, with plans to expand across the UK.