Savills Retail Review Q1 2015pdf.savills.com/documents/Q1_2015_Retail_Review.pdfQ1 Retail Review Q1...

SavillsRetail Review Q1 2015

Contents » Key Stats

» Q1 Retail Overview

» Q1 Retailer Performance

» Category performance at a glance

» Movements at a glance

» Did you know...?

» Admins / Liquidations

» Closures

» Acquisitions

» Expansions

» New Entrants

» Other

Footfall Growth² » Q1 average: -0.8%

» 12 month average: -1.0%

Consumer Spending³ » Q1 average: +1.3%

» 12 month average: +1.4%

Like for Like Sales Growth¹

» Q1 average:+1.2%

» 12 month average: +0.6%

WinnersIncluded:

ScSMothercare

Why?Diversification of offerStore refurbs / price

positioning

¹British Retail Consortium, ² Experian, ³ Visa

LosersIncluded:Grocers

WH Smith

Why?Price deflation /

competitionHigh street stores

Retail Overview - Key StatsQ1 2015

Q1 Retail Review

Q1 Retail Sales¹2013-2015

Retail Sales¹ vs Online vs Footall² last 12 months

» In JANUARY, UK retail sales increased by 0.2%, on a like-for-like basis from January 2014, when they had increased 3.9% on the preceding year. On a total basis, sales were up 1.6%, against a 5.4% rise in January 2014 and above the 12-month average of 1.4%. Total Food sales grew for the second consecutive month and showed a 0.2% rise over the last three months, its best performance since February 2014. The Non-Food performance was helped by the continuation of end-of-season sales into January.

» In FEBRUARY, UK retail sales increased by 0.2% on a like-for-like basis from February 2014, when they had decreased 1.0% on the preceding year. On a total basis, sales were up 1.7%, against a 0.7% rise in February 2014. Total Food sales showed an annual rise of 0.5% in the three months to February, its best performance since January 2014. Growth was broad-based with holiday related products and gift items topping the charts

» In MARCH, UK retail sales increased by 3.2% on a like-for-like basis from March 2014, when they had decreased 1.7% on the preceding year. On a total basis, sales were up 4.7%, against a 0.3% fall in March 2014. The figures were flattered by the inclusion of Easter in March this year against April last year. - Total Food sales experienced their strongest growth since July 2013, helped by the Easter distortion. Growth was also strong in the home categories but subdued in the fashion ones

-2

-1

0

1

2

3

4

January February March

% c

hang

e ye

ar-o

n-ye

ar

2013 2014 2015

-5

0

5

10

15

20

25

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

% c

hang

e ye

ar-o

n-ye

ar

Footfall Growth Retail Sales Growth Average Footfall Growth

Average Retail Sales Growth Online Sales

Q1 2015

¹British Retail Consortium, ² Experian

Q1 Retailer Performance

GROCERYYOY % change in like-for-like sales

Q1 2015

0 1 2-1-2-3-4-5-6-7

1.4Waitrose

-1

-1.9

-5.9

Asda

Sainsburys

Morrisons

Q1 Retailer PerformanceQ1 2015

CLOTHING AND FOOTWEARYOY % change in like-for-like sales

0 1 2 3 4 5 6 7-1-2-3-4

6

5.7

5.2

5.1

5

4.1

2.7

-3

Urban Outfitters Group

Jimmy Choo

Peacock

Mothercare

Inditex

New Look

Edinburgh Woollen Mill Group

French Connection

Q1 Retailer PerformanceQ1 2015

OTHERYOY % change in like-for-like sales

227.8

7.36.9

6.25.2

4.54.5

4.13.73.6

2.62.2

1.81.7

1.41.3

0.70.6

-4

-10 -5 0 5 10 15 20 25

LeonScS

WickesCosta

Dunelm MillTopps Tiles

B&M BargainsGreggs

Pets At HomeL'Oreal

N BrownJohn LewisThorntons

Card FactoryCarpetright

WaitroseDebenhams

McCollsArgos

WH Smith

Category Performance at a Glance

Category No of retailers included in this report Number posting positive results Number posting negative results

Accessories 1 1 0

Clothing & Footwear 13 12 1

Department Stores 2 2 0

DIY 2 2 0

Food & Drink 4 4 0

Grocery 4 1 3

Health & Beauty 1 1 0

Homewares 3 3 0

Jewellery 1 1 0

Luxury Goods 2 1 1

Music, Books, DVDs, Games 2 0 2

Online 3 3 0

Sporting Goods / Outdoor Wear 2 2 0

Toys, Gifts & Cards 2 2 0

Value Retail 2 2 0

Other Categories 7 7 0

Total 51 44 7

Q1 2015

Movements at a glance

Category No of items included

in this report Including

Closures 6B&Q, Ladbrokes

View full list

Disposals / Acquisitions 599p Stores, Shoon

View full list

Expansions 20Card Factory, Subway

View full list

New Entrants 12Fatburger, FG4

View full list

Other 2Convenience Shopping, Entertainment Goods

View full list

Q1 2015

Did you know..?

Pret a Manger

Pret a Manger has started

a trial serving alcohol

Music, Video & Videogames

The number of physical stores selling music, video and videogames reached

an all-time record in 2014

Click and Collect

All shops will be able to offer click and collect services from April 2015 following changes in planning permission

Jewellery

Argos is trialling a jewellery

collection that can be

customised then 3D printed

For more information click here

Retailer Performance

Retailer Period Results Profits Comments

RadleyYear to April 30 2014

Turnover rise of 13% Profit of £1.1 millionPre-tax loss of £1.7 million turned into profit with the directors saying they were ‘extremely encouraged’ by the improvement in the company’s performance

Back to Category Performance at a Glance

Accessories


Edinburgh Wooden Mill Group

5 weeks to January 3

Like-for-like sales increased by 2.7%

Total sales increased 6.2%, thanks in part to the opening of 15 new stores during the current financial year, including two in December. Online sales rose 23.4% in the same five-week Christmas period, while there was also a significant improvement in gross margin on a like-for-like basis.

French Connection

Year ended 31 January

Like-for-like sales across the UK and Europe fell 3%

Narrowed its losses to £0.8m from £4.4m a year earlier

In an attempt to bring customers back round, the fashion retailer has been closing unprofitable stores and redesigning product ranges

H&M Q1 2015Sales increased by 15% in local currencies

Net profits up 36% from a year earlier

H&M plans to open about 400 new stores in the 2014-15 financial year

Inditex 2014Like-for-like sales grew 5%

5.2% rise in annual net profit

The Spanish retailer said profits were boosted by rebounding sales in the Spanish market, and helped overall sales to rise by 8.3%

Jimmy ChooYear to end December

Like for-like sales increased by 5.7%

Growth was driven by a strong performance in both ladies' and men's shoes and by new store openings, particularly in China

JoulesYear to May 25, 2014

Retail sales from own stores increased 36%

Profit before tax and exceptional items was up 23.3%

Ecommerce and catalogue sales rose by the same percentage as online trade was boosted by the company’s new click and collect service.

Clothing & Footwear

Sales Growth By Category


Moss Bros53 weeks ended 31 January

Retail sales at its 130 UK stores rose 7%

Reported a 4.9% fall in hire sales. Some 14 stores were refurbished last year, and a further 27 are due for refurbishment this year.

Mothercare11 weeks to 28 March

Like-for-like sales rose by 5.1% in the UK

Online sales grew by around 32% and now represent circa 30% of total UK sales compared to 25% in the same period last year. Mobile sales climbed by 31% and click-and-collect now accounts for 36% of total online orders.

Next Year to January 31

Total sales increased by 7%

12.5% rise in underlying pre-tax profits

Sales gains were led by Next Directory, its online and catalogue business, which increased by 12%

Peacocks5 weeks to January 3


Total sales increase of 11.1%. Web sales grew 92.6%, while gross margin also saw a significant improvement on a like-for-like basis

Ted BakerYear to 31 January

UK and Europe retail sales increased by 16.7%

23.7% jump in pre-tax profit

E-commerce sales climbed by 58.2%

TM LewinYear to March 1, 2014

Sales edged up 0.1%

£636,000 pre-tax profit following losses of £1.4m the year before

During the period the business expanded internationally, opening stores in the Czech Republic, Australia and Singapore

Urban Outfitters Group

3 months to 31 January

Like for like sales rise of 6%

Earnings for the clothing retailer fell 9.5%, with stronger sales offset by increased expenses and weaker margins, caused mostly by higher markdowns during a highly promotional holiday quarter for retailers

Clothing & Footwear


Retailer PerformanceSales Growth By Category


Debenhams26 weeks to 28 February

Group like-for-like sales edged up 1.3%

Pre-tax profit rose by 4.3%

The department store chain said a refocusing of its promotional strategy resulted in a 9% increase in own brand full price sales. The company also benefited from tightly controlled stock and more flexible purchasing strategies in the period

John Lewis53 weeks ending January 31

Sales up 2.6% on a like-for-like basis

Operating profits rose 7.5% across the year

John Lewis Partnership has cut its company-wide bonus to 11% because of intense competition in the grocery sector


Topps Tiles26 weeks to 28 March

Like-for-like sales grew by circa 5.2%

The tile specialist said that total revenues increased by 6.4% year-on-year

WickesYear ending December 31

Like-for-like sales grew 7.3%

Adjusted operating profit increased 22.7%

The retailer insisted that higher volumes on like-for-like sales in its consumer division was tempered as Wickes lowered prices and provided promotions in order to enhance its position in the DIY market

Department Stores

DIY




ASK-Zizzi28 weeks to January 11

Sales rose 9.6%Operating profits climbed 21.1%

Ask and Zizzi operate 137 and 110 restaurants respectively across the UK

Costa11 weeks to 12 February

Increased its UK like-for-like sales by 6.9%

Grew its total sales by 19.8%

GreggsYear to the start of January

Like-for-like store sales grew 4.5%

Pre-tax profit jumped 41%

Greggs has been swapping pasties and pies for more upmarket coffee and croissants. This strategy to serve “food on the go” now means it’s selling coffee to the tune of £1m a week

LeonFull year to end of 2013

Like for like sales leapt 22%

Last year saw Leon ratchet up its pace of openings. It now has 21 locations, with 12 more in the pipeline for 2015


AsdaYear to 31 December

1% fall in like-for-like sales

2.6% fall in the 12 weeks to 4 January

MorrisonsYear to 1 February

Like-for-like sales excluding fuel fell by 5.9%

Underlying profit before tax fell to £345 million from £719 million in the previous year

The supermarket revealed that it is to close 23 of its M Local convenience stores

Sainsburys10 weeks to 14 March

Like-for-like retail sales fall by 1.9%

Sainsbury’s said its general merchandise and clothing businesses performed strongly in the quarter with sales rising by more than 6% on last year. In addition, the convenience business grew its sales by 14% as the supermarket opened 23 convenience stores

Waitrose53 weeks ending January 31

Like-for-likes were up 1.4%.

23.4% fall in operating profits

In the first five weeks of the new financial year trading has deteriorated at Waitrose, as sales edged up just 0.9% and like-for-likes fell 2.8%, excluding petrol

Food & Drink

Grocery



Health & Beauty

Homewares




L’Oreal 2014Like-for-like sales rose 3.7%

Net profit for 2014 was €4.9bn, well up from €2.96bn in 2013

This was driven primarily by its luxury division including Yves Saint Laurent fragrances and Vichy dermocosmetics


CarpetrightQuarter ending 24 January

Like-for-like sales increase by 1.7%

Decline of six% in total sales once the impact of a weaker euro was taken into account.

DFS26 weeks to 31 January

Group sales rose by 10.5%

Adjusted EBITDA climbed by 16.5%

Group gross sales increased to £431.2 million from £390.1 million in the first half of the previous year

Dunelm Mill26 weeks to 27 December

Like-for-like sales rose by 6.2%

Increased pre-tax profit by 10.7%

Dunelm said it had seen significant growth in its on-line business, with home delivery sales rising by 76%

ScS 6 months to 24 January

On a like-for-like basis sales order intake rose by 7.8%

While gross profit climbed, the company posted an operating loss of £8.7 million which was in line with expectations

The company said its current trading remains in line with market expectations with sales order intake up 7.5% on a like-for-like basis for the first 33 weeks of the year

Tiger 2014Increase in sales turnover of 47%

Pre-tax profit increase of 93%

The homeware retailer Tiger is set to open three new stores in Guildford’s Friary Centre, the N1 Shopping Centre, off Islington’s Upper Street, and The MK Centre in Milton Keynes.

Jewellery

Mobile

Luxury Goods




Pandora 2014Group revenue increased by 32.5%

39.5% rise in net profitRevenue from concept stores accounted for 56.4% of revenue - an increase of 51.4% on 2013


VodafoneQuarter to December 31

0.9% growth in UK revenues

Growth in the UK for the first time in four years, amid losses in every one of its other major European markets


LVMH 2014 Revenue increased 6%Profits jumped by 64%

U.S. consumers helped drive revenue in 2014, counteracting the overall softening of global demand for premium goods

Prada 2014 1% decline in salesThe slump in sales occurred across most of the Asian region. According to the company, Asian sales fell 5%, following “significantly deteriorated” market conditions in the second half of 2014

Music, Books, Games, DVDs

Online




Game Digital26 weeks to January 24

Revenues down 0.7% on the previous year.

8% decline in pre-tax profits

Finance boss Benedict Smith is to quit the video games retailer just weeks after the company issued a major profits warning

WH Smith6 months to 28 February

Like-for-like sales at the group’s high street stores dropped by 4%

Pre-tax profit rose by 4%

The travel division fared better with like-for-like sales up 3% and total sales rising by 7%


Amazon3 months to December 31

Sales rose 15%

Made a net profit of $214m (£142m), down from $239m (£158m) during the same period in 2013

This was an improvement on the previous quarter, in which Amazon made a net loss of $437m (£290m).

Asos6 months to February 28

Retail sales grew 14%Pre-tax profits dropped 10%

Driven by a 27% rise in the UK. International sales were up 5%

OcadoYear to 30 November

Revenue climbed by 19.8%

Pre-tax profit of £7.2 million compared to a loss of £12.5 million in the previous year

Its first full year profit since it was founded 15 years ago

Sporting Goods / Outdoorwear

Toys, Gifts & Cards

Travel




Nike Q3Western Europe divisional revenues increasing 11%

Footwear as a whole provided impressive sales, with Western Europe seeing figures increase by 11%

Sports Direct13 weeks to 25 January

Sales rise of 2.6% Gross profit rose 7.6%The rise in sales is a slowdown from 11% growth in the year-earlier period, and reflects a disappointing ski season in Continental Europe.


Card FactoryYear ended 31 Jan

Like-for-like sales growing by 1.8%

8.9% rise in full-year profit

This year the company opened 51 new stores, bringing its total portfolio to 764 shops, which along with online business growth helped to increase profit. It plans to open 50 new stores in the coming year

Thornton’s28 weeks to January 10

Like-for-like retail sales rise by 2.2%

Profits before tax and exceptional items fell to £6.5 million

Total store sales fell by 5.2% to £65.5 million. Investors were left without an interim dividend for the fourth year in a row


Thomas Cook3 months to the end of December

Saw winter bookings lift 6% and summer bookings rise 5%

Group year-on-year underlying loss from operations narrowed 5% to £53 million

This was the first earnings statement by new chief executive Peter Fankhauser who in a surprise announcement replaced high profile boss Harriet Green in November

Value Retail

Other




B&M Bargains13 weeks to 27 December


Group sales climbed by 28.8% to £527.9 million while sales in the UK rose by 20.5%

Poundland10 weeks to 28 Dec

10% rise in salesThe company opened 17 stores and is on track to add a net 60 stores in the financial year


ArgosYear to 28 February

Like-for-like sales edged up 0.6%

. Full-year online sales represented 46% of total Argos sales, up from 44% last year. Within this, mobile sales grew by 38% to represent 25% of total sales

McColl’s53 weeks to 30 November

Like-for-like sales edged up 0.7%

Pre-tax profit up 186%During the year, McColl’s acquired 60 new convenience stores. In addition, 45 newsagents were converted to the retailer’s food and wine format and 102 convenience stores to a premium format

N Brown13 weeks to February 28

Like-for-like sales were 3.6% higher

The home shopping business behind brands Simply Be, JD Williams and Jacamo has issued its second profits warning in the space of six months

Pets At Home12 weeks to 1 January

Like-for-like sales grew by 4.1%

Services revenue climbed by 26% to £14 million and merchandise revenue increased by 6.5%. Fee income from the retailer’s joint venture veterinary practices was also up, rising by 32.9%

TJX4th quarter ending January 31

Net sales up 6%

Full-year 2014 profits edged up to $2.2bn (£1.4bn) from $2.1bn (£1.35bn)

Closures

Disposals / Acquisitions

Retailer News


Retailer Comments

B&Q B&Q is closing 60 stores in the UK and shrinking another 6 to lose 15% of its space over the next two years

Co-operative Bank Co-operative Bank has revealed that it is to close 57 branches in 2015 - following the closure of 72 branches in 2014

Just FalafelThe Just Falafel restaurant chain has closed the last of its six outlets in Britain and is rethinking a strategy that targeted the opening of 20 restaurants in its first year of operation and 200 within five years

Ladbrokes Reporting a 13.5% fall in pre-tax profit, Ladbrokes is to sell a further 60 shops, bringing its total estate to 2,150 shops

Morrisons Morrisons is to shut 23 M Local stores and delay “significantly” the delivery of more M stores

Shop ClosuresHigh-street shop closures increased in the UK last year, rising to a net 987 from 371 a year earlier, figures from PwC and the Local Data Company showed.

Retailer Comments

99p Stores Poundland has agreed a deal to buy rival 99p Stores for £55m

Conviviality RetailBargain Booze owner Conviviality Retail has paid £6m for GT News a £57m-turnover convenience store chain which trades from 37 stores across the East Midlands and Yorkshire

ShoonShoe store chain Shoon is expected to be sold less than a year after it was purchased. The former bosses of Jones Bootmaker, Ken Bartle and Peter Phillips, bought the company, but Phillips is now suffering from ill health

Retailer Expansions

Retailer News


Retailer Comments

AldiAldi is planning to add 60 stores this year, or more than a million square feet of sales area, as it moves towards a target of 1,000 UK stores by 2022. It will open more shops in the UK this year than Tesco, Sainsbury’s and Morrisons combined. It has now overtaken Waitrose to become the UK’s sixth biggest supermarket

ArgosArgos is set to open ten new digital stores within existing Sainsbury’s supermarkets - new format digital stores ranging in size from approximately 1,000 sq ft to more than 5,000 sq ft. The locations of the ten stores have not been revealed

AsdaAsda has announced plans to invest £600m into a store expansion programme that includes 17 new shops. In addition, 62 stores will undergo a major remodel to reflect changing shopper habits, 150 remote Click and Collect sites will be created and 36 petrol stations will open

Card Factory Card Factory plans to open 50 new stores in the coming year as it reported a 8.9% rise in full-year profit

CineworldCineworld says that over the next eight years it is planning to develop 30 new multiplexes across Europe - 23 of them in the UK

Cycle Republic Cycle Republic has opened its first store outside of London at the Castle Mall Shopping Centre in Norwich

Discount Secondhand JewelleryH&T has expanded its new discount jewellery retail concept Discount Secondhand Jewellery. The decision to develop the concept followed successful trials within existing H&T Pawnbrokers’ sites in the North East and Manchester

DoddleNew click-and-collect service Doddle is on the expansion trail with plans to open 70 shops in the next 12 months and 250 by the end of 2017. The company is focusing on collection points in major train stations and high footfall areas targeting commuters

Edinburgh Woollen Mill EWM plan to maintain the speed of expansion with more than 100 new stores in the next 12 months

McColl’sDespite trading being down on last year McColl’s - which has 1,317 outlets including 809 convenience stores and runs 451 post offices - still plans to have an estate of 1,000 convenience stores by the end of 2016

Models OwnModels Own, the fashion cosmetic brand, is rolling out its ‘Bottleshop’ format as part of its wider global expansion strategy for 200 new stores over the next 18 months and 50 UK shops this year

Morrisons Morrison’s has opened its 400th café in the UK as it steps up efforts to become a major player in the eating out sector

Retailer Expansions

Retailer News


Retailer Comments

OddbinsWine and spirits merchant Oddbins has opened its first standalone beer store in London’s Blackheath. The move follows a 37% rise in sales of craft beers for Oddbins in 2014

SubwaySubway has opened its 2,000th store in the UK and Ireland. The sandwich chain’s continued expansion has included the opening of over 260 stores in the UK and Ireland in the last 12 months with an average of five stores launching every week

TGI Fridays Restaurant chain TGI Friday’s is planning to open six new sites in 2015 and a further ten next year

The Fragrance Shop The Fragrance Shop is set to embark on a major expansion plan to open at least 25 new UK stores this year

The Bike RoomsThe Bike Rooms, a specialist high-performance cycling shop, is to open its first London store at the Crown Estate’s 4 Regent Street St. The Bike Rooms launched as a pop-up shop for six months around the 2012 Olympic Games and it has since opened a permanent store in Manchester

The Restaurant GroupThe Restaurant Group aims to double the size of its business within eight years to 1,000 branches. The chain of restaurants, which includes Frankie & Benny’s and Chiquito, will open up to 50 new sites this year, following revenue and profit growth in 2014

Travis PerkinsTravis Perkins, the owner of Wickes, Toolstation and Benchmarx chains, is to create 4,000 jobs and 400 new branches across the country over the next four years. The majority of the jobs will be outside London and the south east

Waitrose Waitrose is to open 14 stores this year, including seven supermarkets and seven Little Waitrose convenience stores.

New Entrants

Retailer News


Retailer Comments

Ariella Women’s eveningwear brand and supplier Ariella is restarting its bricks and mortar retail division after almost 30 years with a store at Brent Cross

Cutler & Gross Luxury eyewear brand, Cutler and Gross, has signed up to open its first store in Leeds at the Victoria Quarter

Fatburger American burger restaurant chain Fatburger is planning to open 20 branches in the UK in the next five to seven years

FG4George Davies, the entrepreneur who helped create Next, Per Una and George at Asda, is poised to open fashion retailer FG4 in the UK. The business aims to open 100 stores within the next 12 months.

GoogleGoogle is to open its first branded shop within the Currys PC World on London’s Tottenham Court Road. It is the first time Google has opened a branded shop and comes as there is intense interest in how the online giants such as Microsoft, Amazon and Google are increasingly eyeing a bricks and retail mortar presence

Martin HarrisMartin Harris, the son of Carpetright founder Lord Harris, is planning to open a 200-store nationwide flooring retailer in the summer

Mud Australian porcelain retailer Mud is opening its debut UK store at 11 Porchester Place, W2

MylaLondon lingerie brand Myla - which has typically only held concessions in other stores, including Harrods and Selfridges - has agreed a lease for a flagship shop at 29 Dover Street, to open by 2016 to expand on its shop in Canary Wharf

New Balance New Balance, the US sports fashion brand, is set to open its first UK store in a prime location on Oxford Street

Pep & Co Ex-Asda head Andy Bond plans to open 50 Pep&Co stores this summer taking on major high street brands

Toms Ethical footwear brand Toms is to open its first stand-alone store in the UK in London’s West End

Uno de 50Spanish jeweller Uno de 50 has struck a deal to launch its first store in the UK at 143 Regent Street, W1, after agreeing a 10-year lease with The Crown Estate

Other

Retailer News


Retailer Comments

Argos Argos is trialling a jewellery collection that can be customised then 3D printed to order, before being dispatched to the customer

Click & CollectAll shops will be able to offer click and collect services from 15 April 2015 following changes in planning permission. Under new regulations, shops no longer have to apply for planning permission to install click and collect services and retailers will also no longer have to pay the £195 planning fee

Coffee marketThe UK’s coffee market is booming, and the number of outlets is set to increase to 21,000 by 2020, from over 18,000 currently, according to figures from consultancy Allegra Strategies

Convenience ShoppingThe convenience market is forecast to grow by 32% by 2019, benefiting as people make smaller but more frequent trips to the shops

Co-operative Pharmacy / WellThe 780 Co-operative Pharmacy stores in Britain - sold off by the Co-operative Group last year and bought by Bestway Group - are to be relaunched under the name Well

DiscountingHigh street retailers and etailers began cutting prices on spring 15 stock as far back as mid-January, suggesting the shift towards earlier discounts is continuing

Entertainment goods

The number of physical stores selling music, video and videogames reached an all-time record in 2014, according to new figures from the Entertainment Retailers Association. Despite a challenging physical market for CD, DVD and Blu-ray, the number of physical outlets selling video grew by 18.8% on 2013 to reach 10,500 while the number of outlets selling music increased by 20.4% to 10,391. The number of games outlets grew by 1.3% to 5,665

HomewaresHomewares retailers continue to perform well online, with a strong representation at the head of the table of the UK’s top 500 retail websites, in Q1

Mobile RetailAround 40% of online sales now come from mobile and tablet devices, according to the latest figures from the IMRG Capgemini e-Retail Sales Index

Online SpendingFigures from the UK Cards Association reveal that 30% of spending on debit and credit cards was done online in January - with overall spending on cards rising 7.3% on the year and with debit cards leading the way

Pret A MangerLooking to compete with bars and restaurants Pret a Manger has started trialling dinner service at its shop on the Strand in central London, serving alcohol for the first time

Sainsburys Sainsbury’s is to open branches of its own bank in supermarkets

Additional contributor:

For further information please contact:

Stephen ToalDirector of Research:

Property Management

+44 (0) 161 244 7735

[email protected]

Graeme ClarkHead of Shopping Centre Management+44 (0) 141 222 [email protected]

Savills is a leading global real estate service provider listed on the London Stock Exchange. The company established in 1855, has a rich heritage with unrivalled growth. It is a company that leads rather than follows, and now has over 200 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East.

This report is for general informative purposes only and contains information collected from published sources. It may not be published, reproduced or quoted in part or in whole, nor may it be used as a basis for any contract, prospectus, agreement or other document without prior consent. Whilst every effort has been made to ensure its accuracy, Savills accepts no liability whatsoever for the accuracy of information contained herein nor for any direct or consequential loss arising from its use. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from Savills Research

© Savills copyright 2015

Tom WinterResearch Analyst+44 (0) 161 602 [email protected]

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