Weekly Retail & Leisure News - 06 October, 2014
Ted Baker, the British fashion label, has reported a sharp rise in interim profits as it shrugged off the impact of recent mild weather on sales in its main UK market. Ted Baker said pre-tax profits in the six months to early August rose 34% from £11.6m for the same period last year to £15.6m. The fashion label currently operates from 381 stores and concessions. The luxury market is being boosted by spend from emerging economies with higher disposable income. According to the UK government the luxury market was estimated to grow by more than 8% last year and is on target to achieve forecasts of £9.1 billion by 2015.
Elsewhere, we saw further evidence last week of the increasingly multichannel nature of Retail in the UK. Holland & Barrett is launching click-and-collect and order-in-store capabilities across the next 12 months as it ramps up efforts to become an omnichannel retailer. The health and beauty retailer plans to take advantage of its 750-strong UK store estate introducing click-and-collect in the next six months to tie up its online and offline offer.
Additionally, French sports retailer, Decathlon, is on a growth drive across the UK with plans to trial smaller stores and click-and-collect points. The retailer, which trades from giant shops of up to 50,000 sq ft on retail parks, has been in discussions about trialling a handful of 10,000 sq ft stores. It is thought Decathlon hopes the smaller size will help it speed up its rate of expansion and enable it to open in and around big metropolitan cities.
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Director, Head of Retail Research (UK & EMEA)
+44 (0)20 3147 1155
Director, Head of UK Retail & Leisure
+44 (0)20 7318 7838
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