The Summary
Four administrations namely, ForestGold t/a TravelZone, Krisp Clothing, Descamps and Half Price Jewellers were reported since our December issue. Three retailers are new to UK including Vagabond, Sainsbury‟s Fresh Kitchen and Stately Interiors and some are muttering about coming to UK – see our new retailers section.
Birth and Death of Retailers 10
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0 Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec09 09 10 10 10 10 10 10 10 10 10 10 10 10 In Adminis tration
New Retailers
In the news… A tough month overall for HMV Group, Signet UK, Ernest Jones, Theo Fennell and New Look. At the same time impressive results from SuperGroup and Mulberry. A fantastic year continued for John Lewis when it achieved a record sales week of £121 million. Last month was hugely statistics dominated with Christmas trading updates, the VAT increase and efforts to evaluate the effect of snowfall. However, there were also some internal re-organisations and key staff changes. However, retail news included the launch of augmented reality feature to Ebay‟s fashion mobile app allowing shoppers to virtually try on sunglasses before they buy. Following a strong Christmas, jewellery giant Aurum is all set to launch a new fascia under its Goldsmiths brand as it seeks to attract a younger, more fashion-conscious customer. To cap things off, Amazon has acquired Lovefilm, rumoured to have been worth around £200m. Keeping the trend alive FSP’s retailer of the month award goes to “Sainsbury‟s” as it ruled the news with improved Christmas sales, increase in market share, launch of Fresh Kitchen, new investment strategies and much more…
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