Weekly Retail & Leisure News - 10 August, 2015
Under government plans unveiled last week,
local councils will be able to set their own Sunday trading agreements. Whilst
JLL welcomes the government's decision to relax Sunday trading laws, we believe
it is misguided to devolve these powers to local government with no central
Vallance, Head of Retail & Leisure at JLL, comments
"Retailers have been struggling to make shops work efficiently for almost
a decade due to economic headwinds and the structural changes in the way people
shop, most notably with the internet. Whilst trying to show that they recognise
the problems faced by retailers, the gesture to devolve Sunday trading powers
to a local level shows that they have forgotten that it is the consumer who
should be able to decide when and where they shop, not local politicians."
In positive news for UK’s retail sector, Travis
Perkins has reported a 7.8% increase in sales in the first six months of the
year, climbing to £2.9bn. LFLs have increased by 5.7%, with pre-tax profit up
by 3.2% to £158.6m. Whilst there has been pressure on DIY retailers due in part
to a shift from ‘Do-it-yourself’ to ‘Do-it- for-me’, Travis Perkins has
signalled its confidence in the recovering market by raising its dividend by
more than 20%.The company, which has more than 600 UK outlets, has successfully
enhanced its multichannel offer in order to cater for the changing needs of its
In other news, Aldi has announced an ambitious
£600m expansion plan to open 130 new UK stores and recruit 35,000 additional
staff. Aldi has gained traction in recent years, and in April it overtook
Waitrose as the UK's sixth-biggest supermarket, with 5.3% market share. In
addition, Oxfam is to trial six “super saver” stores in an effort to turnaround
a 3% decline in sales, while homeware retailers Dreams and Dwell have also
announced expansion plans for 50 and two new stores respectively.
A representative will be in contact with you shortly.
If you would like to read more of our market commentary and gain further insight into the UK retail and leisure market, sign up for our weekly newsletter, delivered to your inbox every Monday afternoon. Preview email
Director, Head of Retail Research (UK & EMEA)
+44 (0)20 3147 1155
Director, Head of UK Retail & Leisure
+44 (0)20 7318 7838
JLL’s new retail LinkedIn group is dedicated to explore retail’s future trends.
Join the conversation.