Retail News CRM

Tag: Sales

  • Worldwide gross sales drive Mothercare restoration

    Worldwide gross sales drive Mothercare restoration

    Struggling UK childrenswear idea Mothercare has reported bought worldwide gross sales and a burgeoning on-line enterprise because it recovers its mojo.

    Within the full yr to March 28, Mothercare says its pre-tax, underlying revenue rose 37 per cent to £13 million. Worldwide gross sales have been up 5.6 per cent – a good more healthy 12.four per cent on a continuing foreign money foundation – and on-line gross sales rose 18 per cent, accounting for 30 per cent of complete UK gross sales with over a 3rd of on-line orders collected in retailer and 82 per cent of on-line visitors now generated from cellular.

    UK like-for-like gross sales have been up two per cent, and gross margin stabilised, the corporate stated in its annual assertion.

    Complete UK house market gross sales have been down zero.9 per cent as an extra 31 underperforming shops have been closed. However the concentrate on increasing internationally is clearly bearing fruit: Mothercare stated complete promoting area was up 9 per cent, now numbering 1273 shops in 60 nations, with 52 new ones opened in the course of the monetary yr. Mothercare made its Korean debut, opening 4 shops.

    Chairman Alan Parker stated the yr was certainly one of “main change” for the corporate, with a brand new CEO and CFO recruited, new financing preparations entered into with its banks, an uninvited takeover supply rebuffed and a efficiently accomplished a rights difficulty.

    “I’m assured that we now have the appropriate management and plans to realize our clear potential of being a world main international retailer.”

    CEO Mark Newton-Jones stated the corporate’s worldwide enterprise has delivered progress when it comes to area, gross sales and revenue, regardless of elevated financial and overseas foreign money headwinds.

    “We’re making good progress towards all six pillars of our technique and we’ll proceed to construct from this platform within the yr forward. There’s nonetheless a lot to do and buying and selling circumstances might stay difficult, however we’ll keep singularly targeted on our imaginative and prescient of being the main international retailer for folks and younger youngsters.”

    Mothercare’s worldwide enterprise now accounts for 64 per cent of the model’s worldwide area and 62 per cent of gross sales.

    The corporate stated Asia, the place Mothercare now has 397 shops in 13 nations, continues to supply thrilling excessive progress alternatives.

    “We opened our first 4 shops in South Korea, within the final quarter of the yr. This market provides vital alternative with a rich center class, good high quality retail area and a mature on-line market. Because the finish of the yr, we’ve got exited our three way partnership in India, which not wanted our help to develop the enterprise. India now operates on a pure franchise foundation. Area was up about 17 per cent year-on-year with mid-single-digit like-for-like gross sales progress. Robust fixed foreign money gross sales progress was diluted by ongoing foreign money devaluation which resulted in excessive single-digit gross sales progress in precise foreign money.

    “Asia now has transactional web sites in China, India and Indonesia.”

    Within the yr forward, Mothercare says it plans to proceed to develop its enterprise to turn out to be digitally led by investing in its on-line platform.

    “On the similar time, in keeping with the plans we communicated final yr, we’ll modernise and refurbish 35-40 shops while closing 25-30 underperforming shops.”

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  • Ever Glory Worldwide gross sales slip

    Ever Glory Worldwide gross sales slip

    Nasdaq-listed style retailer Ever-Glory Worldwide says first quarter gross sales slid 7.7 per cent.

    The Nanjing-based enterprise reported complete gross sales within the three months to March 31 of US$97.9 million, in contrast with $106 million within the first quarter of final yr.

    It says same-store gross sales in its community of 1206 retail shops slipped 2.9 per cent, however wholesale gross sales to different retailers carrying its strains fell 15.6 per cent. The corporate’s retailer community grew by 230 retailers year-on-year.

    Wholesale gross sales fell most importantly in Germany, France and different European markets, in Japan and the US. However progress within the UK and mainland China made up for a few of the lower.

    Complete gross revenue for the quarter elevated 18.7 per cent to $30.6 million, in comparison with $25.eight million final yr. Complete gross margin elevated 700 foundation factors to 31.three per cent in comparison with 24.three per cent final yr.

    Ever-Glory was the primary Chinese language attire Firm listed on the NYSE in July 2008 earlier than  transferring to Nasdaq on December 31 final yr. It provides attire to ladies underneath its personal manufacturers La go go, Velwin and Sea To Sky in China and describes itself as a number one international attire provide chain answer supplier with a concentrate on middle-to-high finish informal put on, outerwear, and sportswear manufacturers.

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  • Singapore retail gross sales slide three.2 per cent

    Singapore retail gross sales slide three.2 per cent

    Singapore retail gross sales in March slumped three.2 per cent after the distortionary impact of motorcar gross sales is faraway from the info.

    Whereas the official figures present a seasonally-adjusted 1.1 per cent enchancment in March 2015 over the earlier month, knowledge from Statistics Singapore exhibits automotive gross sales soared 37 per cent over February and 40 per cent March on March.

    There was an similar three.2 per cent general decline year-on-year for March after automobiles have been eliminated.

    Seasonally adjusted gross sales of meals & beverage providers decreased 5.2 per cent in March 2015 over February and by 1.7 per cent in contrast with March 2014.

    After seasonal adjustment, retail gross sales of automobiles, mini-marts & comfort shops and meals & drinks elevated between 12.9 per cent and 37.1 per cent in March 2015 in comparison with the earlier month (Desk 1). Retail gross sales of petrol service stations and leisure items additionally rose four.9 per cent and 1.1 per cent respectively.

    Then again, retail gross sales of optical items & books, sporting attire & footwear, telecommunications equipment & computer systems, furnishings & family gear, supermarkets, watches & jewelry and medical items & toiletries decreased between 2.four per cent and 10.four per cent in March 2015 in comparison with February 2015.

  • Korea retail gross sales decline continues

    Korea retail gross sales decline continues

    Retail gross sales at South Korea’s division and low cost shops fell once more in March – nevertheless it wasn’t all dangerous information.

    Regardless of a wholesome improve in luxurious spending, as reported final month, and thesurprise revelation that on-line gross sales now exceed bricks and mortar retailer gross sales, revised knowledge from Korea’s Commerce Ministry exhibits shoppers are holding again from shopping for spring clothes as a result of lingering chilly climate.

    Mixed Korea retail gross sales final month at malls run by Hyundai Division Retailer, Lotte Buying and Shinsegae Co declined 5.7 per cent in March year-on-year.

    This was barely revised down from a 5.four per cent fall estimated by the finance ministry early in April and in comparison with a 6.6 per cent rise in February.

    Every month the ministry collects gross sales knowledge from all three teams to function an ongoing development indicator.

    The ministry stated division retailer gross sales are beneath strain from growing competitors from on-line distributors and outlet malls.

    The identical knowledge confirmed annual gross sales at low cost shops fell 6.5 per cent in March from a yr in the past – higher than the 7.four per cent decline estimated earlier.

    Clothes gross sales at division and low cost shops dropped 7.1 per cent and 10.6 per cent respectively, in annual phrases, a mirrored image of the local weather.

    Different authorities figures recommend complete retail spending in Korea was down simply zero.6 per cent month-on-month in March. However these figures embrace motorcar and gasoline gross sales. Personal consumption rose zero.6 per cent over the primary quarter of 2015.

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  • Osim profit plummets

    Osim profit plummets

    Lifestyle company Osim has posted a 53 per cent profit drop for the first quarter on declining sales.

    The retailer of massage chairs and other remedial devices, says sales fell 13 per cent quarter-on-quarter, blaming a lack of new products and a drop-off in mainland Chinese tourists into Hong Kong, a key market for the Singapore-listed company.

    Total first quarter sales were S$150 million, and Osim profit $18 million

    “This has been a challenging quarter where retail sales across the core countries has been
    soft and there have been no new major Osim product launches,” the company said in its earnings statement.

    “Despite these challenges, our dominant brand has enabled us to maintain a stable gross margin and highly cash generative business. We are continuing to invest for growth supported by a strong balance sheet.”

    Osim has 560 retail stores and China remains its largest market, where it has 252 stores in 45 cities.

    “Products including uInfinity Luxe, uDiva, uHip, uSqueez Air, uTrek and uShape Music have sustained our dominant position in the market. We have just launched a new massage chair uMagic in April with favourable response and will be introducing more innovative products this year.”

    Osim also operates 233 GNC/Rich Life stores and 44 TWG Tea stores, with plans for 15 more this coming year.

    “With the upcoming planned new product launches we remain positive about the outlook for
    the remainder of the year.”

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  • Hong Kong’s retail gross sales down 2.9 pct in March

    Hong Kong’s retail gross sales down 2.9 pct in March

    Hong Kong’s worth of complete retail gross sales fell 2.9 % year-on-year to 38.four billion HK dollars ( about four.9 billion U.S. dollars) in March, 2015, the statistics division stated right here on Tuesday.

    The worth of gross sales of jewellery, watches and clocks, and priceless presents misplaced 18.6 % in March from a yr in the past, adopted by gross sales of fuels 16.four %, footwear, allied merchandise and different clothes equipment 11.7 %, Chinese language medicine and herbs eight.four % and optical outlets 5.three %.

    Then again, the worth of gross sales of meals, alcoholic drinks and tobacco rose four.zero %, adopted by gross sales of electrical items and photographic gear 2.eight %, and books, newspapers, stationery and presents 2.three %.

    A authorities spokesman stated the efficiency of retail gross sales remained sluggish in March, with most forms of shops recording year-on-year declines in gross sales, conceivably reflecting the slowdown in inbound tourism.

    The retail gross sales efficiency within the close to time period is more likely to be constrained by the weaker efficiency of inbound tourism, though the secure labor market circumstances ought to nonetheless render help to native shopper sentiment, the spokesman stated.

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  • ZTE faucets Japan to assist promote 60m handsets globally

    ZTE faucets Japan to assist promote 60m handsets globally

    ZTE Corp goals to increase gross sales in markets within the Asia-Pacific, particularly in Japan, to satisfy its international goal of promoting 60 million smartphones in 2015, China’s largest listed telecommunications gear maker stated yesterday.

    The worldwide gross sales determine for this yr marks a 25 % rise from final yr. Within the Asia-Pacific, it plans to promote 10 million models primarily by rising within the Japanese market.

    “Japan will grow to be our subsequent gross sales progress engine after China and the USA,” stated Zeng Xuezhong, chief government of ZTE’s cellular enterprise.

    In Japan, ZTE companions NTT Resonant to promote handsets. ZTE spends US$500 million on annual procurement in Japan from companies like Sony and Sharp.

    The Shenzhen-listed agency launched a mid-end smartphone referred to as Blade in Japan priced from US$200 to US$300. The system options 5-inch show, 13-megapixel digital camera and ZTE-developed gesture management options.

    In 2014, ZTE’s internet revenue surged 94 % yr on yr because of rising demand for 4G community gear and excessive revenue margins from rising gross sales of smartphones abroad.

    The abroad smartphone markets present ZTE with greater revenue margins, in response to analysts.

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  • Study: Asia-Pacific to account for 41.4pc of global e-commerce sales

    Study: Asia-Pacific to account for 41.4pc of global e-commerce sales

    Asia-Pacific will account for 41.4 percent of worldwide e-commerce sales and is set to overtake the US as the world’s biggest e-commerce market, the latest research by Worldwide Business Research (WBR) shows.

    The research was conducted as part of the 3rd Annual e-Tail Asia conference to be held in Singapore in March.

    The study also found that e-commerce leaders in the region sees customer experience as the most crucial focus in 2015, followed by mobile marketing and cross border marketing.

    In the latest research conducted by Worldwide Business Research (WBR), e-commerce leaders across Asia-Pacific identified Customer Experience as the most crucial focus area for 2015, followed by Mobile Marketing and Cross border Marketing.

    The research was conducted as part of the 3rd Annual e-Tail Asia conference to be held in Singapore in March.

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  • Tesco’s opening salvo in 2015: Price cuts

    Tesco’s opening salvo in 2015: Price cuts

    UK supermarket giant Tesco PLC has announced “difficult changes” to its business at the start of the year, including the closure of 43 stores, lower prices on the country’s favourite brands, flat investment in payroll, and significant revision to its store building program and reduced capital expenditure budget.

    “I am very conscious that the consequences of these changes are significant for all stakeholders in our business but we are facing the reality of the situation. Our recent performance gives us confidence that when we pull together and put the customer first we can deliver the right results,” said Tesco Chief Dave Lewis.

    This came at the heels of group sales for the 19 weeks to 3 January 2015 declining by 0.6 percent at constant rates, including fuel and by 1.9 percent, including fuel.

    In Asia, total sales for the 19 week period declined by 1.5 percent at constant rates, with like-for-like sales declining by 4.6 percent.

    It said market conditions across the region remain challenging. In Thailand, sales trends improved over the period as we annualized the impact of the external pressures linked to political disruption last year. In Korea, a higher number of enforced Sunday closures under the DIDA opening regulations affected the performance of all large retailers.

    Speaking to Jody Hodges, Group Project Planning Director at Tesco, in a video interview, Lewis said there are three priorities now: recovering the competitiveness in the core UK business, protecting and strengthening the balance sheet, rebuilding the trust and the transparency in the brand and the business.

    On 8 January, Tesco cut prices on hundreds of branded products in response to demands from customers for simpler, lower and more stable prices.

    “We know that brands are important to our customers: they’re the products families don’t want to do without. So from today, customers will be able to buy many of their favourite products cheaper at Tesco – from Tetley Tea to Colgate Triple Action Toothpaste, Hovis White Bread to Kellogg’s Cornflakes,” said Tesco’s Chief Customer Officer, Jill Easterbrook in a statement.

    She added that overall, the company is cutting the prices of around 380 branded products by an average of 25 percent.

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  • COACH to acquire Stuart Weitzman for USD574m

    COACH to acquire Stuart Weitzman for USD574m

    COACH will pay Sycamore Partners a hefty USD574 million for Stuart Weitzman — their women’s footwear brand — in a move that is no doubt designed to diversify their sales portfolio considering 55 percent of their USD4.8 million in sales last year came from women’s handbags with only 9 percent coming from auxiliary items like jewelry, accessories, footwear and the likes.

  • Tesco may seal Lotus’ fate Thurs

    Tesco may seal Lotus’ fate Thurs

    New Tesco boss Dave Lewis is expected to focus on cost cuts and asset sales — including the possible sale of its Tesco-Lotus venture in Thailand – when he provides an update on his plans to revive the troubled British grocer’s fortunes on Thursday.

  • Chinese shopping “agents” cash in on ruble slide

    Chinese shopping “agents” cash in on ruble slide

    Chinese workers and overseas students in Russia have been snapping up goods at low prices caused by the steep fall in Russian ruble rates before brands can adjust them.

    These shopping “agents”, knows as “daigou”, stockpile the products before selling them at a profit to buyers back home.

    These shopping agents are not new for Chinese shoppers, who often look abroad to buy luxury items to bypass steep import taxes at home.

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