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The Retail Pulse FSP Retail Business Consultants January 2015
Retailer Births & Deaths
There were 2 administrations in January: lossmaking Bank, and USC, although this was primarily a restructuring exercise and was subsequently acquired by a sister company. There were 14 new additions to the FSP Retailer Database in January, with 1 new retailer proposing to enter the UK market: Pep & Co, a valuefashion chain which plans to open at least 50 shops during a sixweek burst from midJuly.
Retail Burn This month, as usual, the big national chains attract the most press. The most talked about retailers, according to the Retail Burn, include: ASDA, Argos, Pets at Home, Decathlon, BHS, Staples, Beales, Tesco plc, Austin Reed and Bank. The retailer with the highest number of positive news articles in January was ASDA, with the news that it is investing £300m in price cuts and is trialling a new online service with Timpsons as it looks to broaden its offer and entice shoppers. Bank is at the other end of the scale, as it became the first retail casualty of 2015 having struggled in the market and been lossmaking for a number of years.
Hot 100 The Hot 100 in January 2015 included; Maintaining its gross margin, Fred Perry Opening at Rochdale's Kingsway Retail Park, SportsDirect.com Opening at Newport's Friars Walk, River Island Opening at Manchester's The Lowry, Clarks Opening at Livingston Designer Outlet, GStar Plotting further expansion under new owner, Phase Eight Experiencing strong sales growth, The Fragrance Shop Achieving record profitability, Edinburgh Woollen Mill (Group) Ltd
Retail News Index
The FSP Retail News Index is a 3 month moving average measure of sentiment in reported retail news stories. The January RNI index for All Retailers, at 100, has decreased by 6. Leisure, at 110, has decreased by 10. Clothing & Footwear, at 89, has decreased by 7. Household, at 105, has decreased by 6. Personal, at 94, has decreased by 7. Grocery, at 100, has increased by 1. Food & Beverage, at 106, has decreased by 4. For the full report, click here.
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