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The latest retail news from DFS, H&M, Prada, Schuh, Gap, Lacoste, Skims plus articles on how Burberry is supercharging consumer expectations, is formal workwear dead, how European sourcing is bringing competitive advantage for Hugo Boss and much more.
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THE LATEST RETAIL INDUSTRY NEWS
Studio owed over £80m and was sold to Frasers Group for just £1
Studio owed more than £80m when it fell into administration and was sold to Mike Ashley’s Frasers Group for just £1 as well as Studio’s secured lenders’ claims against it for around £26.8m.
DFS sales and profits drop against lockdown boom
DFS profit before tax shrank 70% year on year to £22m over the half to Dec 26, while sales dropped by 2% to £561m, however, compared to pre-covid 2019 profits were up 36% and sales up 15%.
H&M sales grow 23% year on year in first quarter
H&M sales for the quarter ended Feb 28 increased by 23% year on year to £3.93 billion, while net sales in local currencies rose by 18% and were inline with expectations
CMA nearly ready to name and shame fashion's greenwashing offenders
The UK Competition and Markets Authority (CMA) is preparing to name and shame high street clothing retailers that greenwash by making sweeping eco-friendly claims.
Prada Group full-year revenues were up by 41% to €3.4bn compared with 2020 and up 8% on 2019, with a profit of €294m up from a loss of €54m in 2020 thanks to a very strong second half and Q4.
Schuh parent Genesco swings to FY profit after strong Q4
Schuh parent company Genesco returned to the black in its fiscal 2022 year after a strong Q4 ending Jan 29 saw net sales of $728m up 14% on 2020 and 7% on 2019.
TRENDS, STRATEGY AND TECHNOLOGY
How Burberry is supercharging its consumer expectations
How Burberry has rapidly adapted to the new covid-led consumer trends and made an impressive job of knitting together the old and the new to create a proper technology-led omni-channel offering.
How Primark, Morrisons and Hotel Chocolat are serving up food and beverage innovations
Many retailers are looking to in-store dining to bolster footfall and drive both store and online sales. But what are the challenges and opportunities presented by in-store dining in a post-pandemic world?
How online shopping has changed with SCA
The new Strong Customer Authentication (SCA) requirements, a set of rules will change how shoppers buy as identity confirmation changes when making online purchases.
If there was one example of the demise of formalwear and the rise of more casual clothing, it's the fact that the formal suit is no longer being included in the UK's Consumer Prices Index list.
How Hugo Boss is gaining “competitive advantage” from European sourcing
Hugo Boss generates most of its sales in Europe and, while it has been hit by sourcing and shipping problems, it recently underlined how its “Europe-based” production is a key competitive advantage.
BRAND NEWS
Gap returns to the British high street with Next
Gap has returned to the UK high street - a year after it closed all its UK stores after a strategic business review - with a branded 4000 sqft shop-in-shop in Next’s Oxford Street store.
US underwear and loungewear brand Parade expands to UK
“Community-first” intimates and loungewear label Parade is expanding into the UK, its first venture into a new territory outside of North America with Australia its next target.
Lacoste unveils Minecraft collaboration
Lacoste has collaborated with Microsoft-owned gaming platform Minecraft on a collection of spring/summer 2022 essentials that looks to build a bridge between two alternative worlds.
Kim Kardashian-owned shapewear label Skims has entered the swimwear category with a collection of bikinis, one-pieces and cover ups in sizes XXS to 4X.
AND FINALLY
Meta is “not an innovative company” and its metaverse probably won’t succeed
A former Nintendo executive has said that Meta is "not an innovative company" and that its ambitious metaverse project will probably not succeed.
PRSHOTS TOP 10 SEARCHES
What were our users searching for on PRShots week-ending March 11th 2022?
1/ SS22
2/ Easter
3/ Garden
4/ Floral
5/ Mothers Day
6/ Outdoor
7/ Blazer
8/ Corset
9/ Sunglasses
10/ Picnic
COLLABORATIONS ON PRSHOTS
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NEW BRANDS TO PRSHOTS
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.
Gold Collagen was started by Tony Sanguinetti whilst on a trip to Japan where he noticed that taking collagen drinks to supplement their diet was key to Japanese women’s youthful appearance and their daily beauty regimes.
DoTerra was founded in 2008, after the health-care and business professional founders discovered the benefits of natural essential oils and decided to bring those benefits to wider audience – doTERRA is the Latin for “Gift of the Earth.”
V.Gan started in 2018 with the aim of providing animal-friendly fashion and has quickly established ourselves as one of the most progressive in the vegan community and is available worldwide.
The Jacket Bar was born in the streets of Notting Hill by two long-time friends Diane and Sara, who shared a passion for iconic vintage pieces from the early ‘90s with the retro look and style of the era.
Delightfull is a Portuguese interiors business with offices in the UK that specialises in high-end furniture and lighting solutions. Their products are handmade and combine a long heritage of skilled crafts and have an eye for the emerging needs of the future.
The MorphBag by GSK is an award-winning London-based luxury vegan handbag brand. Designed by Italian born award-winning luxury handbag designer Giovanna Sessi-Knott the sustainable bags have a timeless and versatile design and come in three colour-coordinated options.
Night Store combines a girl’s night glamour and dreamy levels of comfort, all pieces are designed with a relaxed fit. Best served with a glass of your favourite on a chilled night in or catching up with friends.
HELP WITH YOUR IMAGE SEARCHES
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BRANDS WITH NEW IMAGES
Clothing and accessories
Pretty Little Thing has new Molly Mae ranges
M&Co has new summer and family ranges
Primark has new swimwear and activewear baby and toddler clothing and leisurewear
Dancing Leopard has new ranges
Monsoon has new kids and women’s summer wear
Cotton Traders has new campaign images
Regatta has new outdoor ranges for women and children
F&F has new leisurewear and spring clothing
From My Mothers Garden has new SS22 ranges
Marks & Spencer has new Mother’s Day outfits
Matalan has SS22 outfits for men and women and Mother’s day ranges
Lipsy has new Friends Like These SS22 outfits
George at Asda has new clothing and jewellery
Sonder Studio has a new range of statement pieces
Very has new accessories, shoes and clothing ranges
New Look has women and kids SS22 ranges
TKMaxx has new spring summer ranges
Hope Fashion has new dresses
See more new clothing and accessories images from the last two weeks from
Dune London Barbour Freemans Feelunique Dune London Mens Oliver Bonas River Island Pink House Mustique Fatface Crew Clothing Tu Clothing Radley Aspiga Pretty Little Thing Seol + Gold Cath Kidston
Home and food
Soho House Retail has new homeware
Nest has new home ranges and prints
Primark has new homeware and Goosey Gander nursery furniture
Furniture Village has new outdoor furniture and sofa ranges
Very has new home and kitchenware
Avalana has new home ranges
Cult Furniture has new home furniture
Sofology has new ranges available
National Trust Shop has new summer ranges
Daisy Park has new homeware and some rather rude soaps
Cuckooland has new kids beds, furniture and BBQs
LuxDeco has new SpringRetreat furniture ranges
Abstract House has new canvases
Dobbies Garden Centres has new home goods and things for outdoor summer entertaining and Mother’s Day
Hotel Chocolat has new Mother’s Day gifts
Wilko has new Easter, DIY, storage, garden and home wear
George Home has new home and garden ware
Next has new homeware outdoor furniture and picnic dining
DFS launched new furniture ranges including a vegan range
See more new home images from the last two weeks from
Habitat Cartwright & Butler Parker Knoll Collins & Hayes Oliver Bonas Paperchase Biscuiteers Baking Homesense Fatface B&M Cambridge Imprint Dunelm Lights4fun Baa Stool Homesense Fritz Fryer The Range Very TKMaxx Avalana John Lewis Designers Guild Marks & Spencer
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
March Diary
How to get your brand on the March Editorial Calendars
March is mostly about preparing for the big Easter holidays in April so make sure you are starting to include relevant Easter keywords, plus it’s also the time people make their first big getaway abroad so any keywords and clothes for warmer climes, loungewear, going-out wear, swimsuits, bikinis etc should be added.
At the end of the month, there’s Mothers’ Day. If you have any relevant gifts, cards etc then get them uploaded and get Mother’s Day in your keywords and on anything appropriate. Also, if you have anything green then add that for St Patrick’s day in the middle of the month.
Plus, as we’re now definitely in 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).
March Diary - Weeks/Months
In the UK it’s National Bed Month - Introduced by The Sleep Council and The National Bed Federation, it aims to raise awareness of the importance of sleep so push anything sleep-related. it’s also the British Heart Foundations Dechox month which encourages people to give up chocolate – cakes and biscuits - for the month! So, any chocolate, biscuit or cake alternatives should be pushed.
Other events include;
British Science Week (11th-20th)
March - Days
17th – St Patrick’s Day
18th – Global Recycling Day
18th – Red Nose Day for Comic Relief
28th – Holi Hindu Festival
20th – First Day of Spring
21st – International Day of Forests
22nd – World Water Day
22nd -23rd - The London Textile Fair - Business Design Centre in Islington, North London
25th – National Bridesmaids Day
27th - Mother’s Day UK
27th – The Oscars
27th – British Summertime Begins
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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