Retail Pulse - June 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: Aldi, John Lewis, D&D London, Dreams and Superdrug all reporting positive news stories, and Gourmet Mulberry, Dixons Carphone, Forever 21, Mothercare and Monsoon where the news hasn't been so great.
The Retailer Database shows plenty of good news about Aldi. June 2019 saw Aldi ramp up its sustainability credentials, announce new store openings and expand the trial of its Local format.
At the other end of the scale is Monsoon. Monsoon Accessorize is calling on landlords to approve rent reductions on some of its 258 leased stores as part of a restructuring of the troubled chain.
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 June 2019 included;
· The Perfume Shop; launching its first own-brand fragrance collection
· SSP Group; ensuring the future success of Jamie Oliver sites at Gatwick Airport
· B&M; opening at Central Retail Park in Havant
· Dunelm Mill; raising its full year profit forecast for the second time in just over two months
· KFC; trialling a vegan version of its original recipe fillet burger
· Card Factory; posting rising quarterly sales amid a challenging trading environment
· River Island; names Will Kernan as its new CEO
· Chanel; reporting strong growth across all product lines and regions
Retail News Index
The June RNI index for All Retailers, at 100, has increased by 2.
· Leisure, at 104, has increased by 1.
· Clothing & Footwear, at 90, has increased by 5.
· Household, at 87, has decreased by 16.
· Personal, at 87, has decreased by 7.
· Grocery, at 105, has increased by 5.
· Food & Beverage, at 109, has increased by 9.
Retailer Births & Deaths
There were 6 administrations recorded in June: bathroom specialist Bathstore; health club chain i-motion; healthy fast-food operator Pod; barbecue restaurant chain Red’s True Barbecue; Italian womenswear brand Stefanel; and, home furnishings retailer The Yorkshire Linen Co.
There was 1 new additions to the Pragma Retailer Database in June: US casualwear brand Untuckit. Untuckit has hired a UK property agency to help it identify possible store locations in London ahead of a launch.