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The latest retail news from TKMaxx, Jacamo, Simply Be, Burberry, Zegna, Hirestreet, Jacquemus and articles on how Mulberry grew sales by converting shops to warehouses, 5 strategies to get on the metaverse, new payment trends and much more.
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THE LATEST RETAIL INDUSTRY NEWS
TK Maxx parent posts 13% sales growth
TK Maxx parent TJX Companies saw sales rise 13% in the latest quarter to $11.4bn – ‘slightly below’ their planned range - with a net income of $587m from its 4,715 worldwide stores.
Fashion resale market to more than double by 2026
The global fashion resale market is expected to grow 127% by 2026, three times faster than the wider retail clothing industry, according to a new report from ThredUp.
Profits surge at Simply Be and Jacamo
N Brown’s sales were down 1.8% to £715.7m in the year to 26 Feb, however full-year profits grew 46.6% to £43.1m thanks to a strong performance in clothing and footwear.
Burberry sales for the 53 weeks to April were a record £2.8bn with profits of £511m and like-for-like store sales grew 18%, but it warned future trading is dependent on the Chinese rate of recovery.
Watches of Switzerland sales surge by 40%
Watches of Switzerland results for the year to May saw global sales rise 40% to £1.23bn, with Q4 group revenue at £304m with UK sales up 36% to £168m and US sales up 50% to £136m.
Coats Group opens new trading year with sales 20% ahead
Coats Group is seeing “strong sales momentum” in the Q1 with sales up 21% for the period and group sales growing 20% year-on-year.
71% of UK consumers to avoid online shopping if they have to pay to return
New research from Appinio found that 71% of UK consumers would avoid shopping online if they were required to pay to return the items.
Vast majority of Brits abandon purchases when faced with friction
The majority (88%) of UK shoppers claim they would abandon a transaction if they were faced with friction when paying, research from Open Banking platform Tink has found.
Zegna sees sales above €2bn in mid-term
Italian luxury fashion house Zegna is aiming for revenue above €2bn and 15% profit margin in the medium-term, up from €1.29bn and is focusing heavily on a sustainable strategy for the brand
UK retailers urge govt to reform apprenticeship levy system
According to a study from the BRC, the apprenticeship levy is not fit for purpose and some retailers estimate they could create up to 1,000 new apprenticeships each if the system was overhauled.
BNPL firm Zilch has Klarna, Afterpay in its sights with US launch
Buy now, pay later (BNPL) firm Zilch, is to take on the Klarna, Clearpay and Affirm by opening up access to its service to any merchant.
Wren Kitchens heads towards £1b annual sales mark after 30% growth in 2021
Lincolnshire-based Wren Kitchens sales were up 30% to £916.5m for 2021, up from £703.1m in 2020, profits were also up 34% to over £100m, and employee numbers hit 6,801, up from 2,249 in 2019.
TRENDS, STRATEGY AND TECHNOLOGY
How Mulberry grew sales by converting closed shops into online warehouses
Mulberry ecommerce sales were given a boost in 2021 when the luxury leather brand turned its closed shops into online warehouses during the Covid-19 pandemic and associated lockdowns.
5 strategies brands are using to enter the metaverse
FashionUnited highlights the most popular methods brands have been adopting when entering the metaverse and why these particular strategies are so attractive.
New technologies and trends in digital payments in 2022
For merchants to maintain high customer experience and cart conversion, it is essential that payment is as frictionless and immediate as possible, while still being transparent and above all safe.
3 ways how fashion brands can move towards a sustainable and net-zero future
There is no doubt that the future of fashion needs to be a sustainable one. Climate tech company Planetly explains three ways how the fashion industry can move towards a sustainable future.
Starship Technologies trial autonomous food delivery in Cambourne
Starship Technologies has launched an autonomous food delivery trial in Cambourne, UK, in partnership with Cambridgeshire County Council and the Co-op.
BRAND NEWS
Nike teams with Jacquemus for its latest fashion collaboration
French brand Jacquemus confirmed a previously hinted-at tie-up with the sportswear giant, posting an image of a tennis court sandwiched between both brand logos on Instagram.
Hirestreet launches MissPap and Little Mistress
Clothing rental site Hirestreet, has added new-season, premium collections from Miss Pap, and sold-out styles from Little Mistress to its platform.
AND FINALLY
DHL launches collection with Mykke Hofmann
Logistics group DHL has launched a collaboration with socioecological fashion label Mykke Hofmann featuring six winning designs
PRSHOTS TOP 10 SEARCHES
What were our users searching for on PRShots week-ending May 13th 2022?
1/ Jubilee
2/ SS22
3/ Dress
4/ Summer
5/ Garden
6/ Beach
7/ Picnic
8/ Gingham
9/ Bedroom
10/ Father’s Day
COLLABORATIONS ON PRSHOTS
Our PRShots brands are looking for media and influencers who want to work with them on collaborations. Register for free at PRShots new collabs service to find out more https://collabs.prshots.com/
NEW BRANDS TO PRSHOTS
Peacocks was founded by Albert Frank Peacock in Warrington, in 1884 with the principle of value for money and that still holds today with its good value clothing ranges for men, women and children. The latest Weekend range features brand ambassador Louise Redknapp.
NoLoGo was founded by designer Tina Malhamé who has worked with Sir Terence Conran, Next, Monsoon, Laura Ashley, Anokhi, Per Una and more. NoLoGo-Chic produces beautiful clothing, each carefully designed and sourced, with its own unique detailing, in gorgeous natural fabrics.
Bonmarché returns to PRShots with its Spring Summer 2022 range if women’s clothing. The range features long, midi and short dresses as well as jackets, swimsuits, shirts and t-shirts
Noughty is a British-born, cruelty-free, vegan and naturals brand on a mission to exceed the performance of premium conventional hair and body care with natural alternatives that won’t cost the earth - literally.
Bryony Bel was born out of a desire for aspirational, contemporary and wearable jewellery without the designer price tag. With over 15 years industry experience at a number of jewellery brands, they bring a curated edit of contemporary and affordable sterling silver and 18kt gold vermeil jewellery.
HELP WITH YOUR IMAGE SEARCHES
The latest images on PRShots are found here https://www.prshots.com/whatsnew why not bookmark the page for a regular feed of the latest images on PRShots!! You can select the latest images from the last 24hours, week, or month.
BRANDS WITH NEW IMAGES
Clothing and accessories
Fatface has new beachwear and holiday wear
M&Co has new summer wear from Anya Madsen and Kylie, kids and adult ranges and jubilee gifts
Dune London has new occasion wear ranges
Dune London Mens has new summer beach wear
Very has new summer outfits
Primark has new pregnancy and summer ranges, beauty ranges and new Varsity and MODEST ranges
George at Asda has new summer outfits and Jubilee outfits
River Island has father’s day gifts, new summer clothing imagery for kids and adults and a Charlie Howard collab
Marks & Spencer has new menswear holiday wear, Per Una and M&S collection images
Wilko has suntan lotions and creams
Oliver Bonas has new clothing, jewellery and accessories
New Look has new women’s summer outfits
Pretty Little Thing has new swimwear and Martha Kalifatidis, Marilyn Melo, Jayda Wayda and Alabama Barker ranges
Barbour has more outdoor clothing, bags and perfumes
Shoe Zone has trainer and sandal ranges
Kaleidoscope has new summer wear and beachwear
Freemans has images from its new TV campaign
Feelunique has new cosmetics and fragrances
Dancing Leopard has new summer dresses
See more new clothing and accessories images from the last two weeks from
F&F From My Mothers Garden Roman Originals Lipsy Pink House Mustique Radley Night Store Matalan Cotton Traders Sonder Studio Hope Fashion Monsoon Seol + Gold Very Daisy Park Joe Browns John Lewis Aspiga
Home and food
Cult Furniture has new homeware
Nest has new outdoor and indoor home ranges
Dunelm has new AW22 home wear
Primark has new home accessories
Oliver Bonas has new home ware
Marks & Spencer has new things for the lounge and bathroom
Cuckooland has new modular sofas
Lights4fun has AW22 and Halloween lights
Cath Kidston has new kitchen wear
Oak Furnitureland has new sofa and rug ranges
Dobbies Garden Centres has new home goods, pet accessories and Fathers’ Day gifts
DFS has new ranges
NoLoGo has new jubilee homeware
National Trust Shop has new ranges
Wilko has new Jubilee gifts, DIY, storage, garden, home wear
The Range has new wallpaper, homeware and things for the garden and Jubilee wear
See more new home images from the last two weeks from
M&Co Daisy Park Pink House Mustique Abstract House Fritz Fryer Matalan Sofology Joe Browns Parker Knoll Next Paperchase Very Cambridge Imprint Fatface George Home Next Hotel Chocolat
Looking for inspiration??
Our trends lightboxes section has lots of ideas for features and themes but If you can't find something or you need help then email us at support@prshots.com, and we'll see if we can help
May Diary
How to get your brand on the May Editorial Calendars
Next month sees the start of the Platinum Jubilee 4-day weekend so start to get anything related to the Jubilee up now and get the keywords Platinum Jubilee on anything relevant.
We’re now well into Spring so carry on adding those spring summer related images and adding keywords relating to summer outfits, swimwear, the garden, garden parties and Barbecues (don’t forget to add all of the other spellings BBQ, Bar-B-Que etc and other related keywords like picnics, garden party etc).
Now that covid travel restrictions have lifted images of beach holidays and swimwear, as well as holiday clothes, festival clothes can all come back out and all of the associated keywords and phrases sandals, beachwear, swimsuits, bikinis, linen, summer wear. Although not everyone will be going abroad so still keep keywords and phrases like “staycation” “holistay” “holiday at home” to your keywords and why not suggest clothing like cardigans for the colder UK evenings.
May is also the start of wedding season so if you have any wedding related items then get ready to promote them with any wedding keywords, bridal, bride, groom, hen party, stag do etc.
May Diary - Weeks/Months
May is National Walking Month, National Smile Month and Skin Cancer awareness month. It’s also;
Chelsea Flower Show (24th – 28th May)
May - Days
19th – Lag B'Omer (Jewish Holiday)
20th – World Bee Day
21st – International Tea Day
22nd – World Goth Day
22nd – Craft Distillery Day (US)
25th - Geek Pride day
26th – Ascension Day
29th – National Biscuit Day
25th – National Wine Day
31st – Memorial Day (US)
Do you have any news on your brand that you want us to feature, or have a new appointee or a new event that you would like us to feature? Get in touch at news@prshots.com We don't charge, so get emailing now!!!
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