February Showed Solid Sales As Seen in ONS Figures

London, 2017-Mar-27 — /EPR Retail News/ — As we saw in the BRC-KPMG Retail Sales Monitor figures, the ONS’s Retail Sales index for February showed a pick-up in the growth of the value of sales from January (to 4.2 per cent year on year); although this isn’t anywhere near the level seen in the ONS pre-Christmas boom where we saw year-on-year growth rates of 7 per cent.

These figures are likely to be interpreted as a sign that consumer spending remains relatively unruffled by suggestions that price rises and squeezed real incomes should make them more cautious.

But some care needs to be taken. As in late 2016, small businesses were a key driver of the pick-up in growth in February returning to double digit growth; with the star performers being small online businesses, growing at over 50 per cent! However, the sample used for small businesses, by our estimates, represents just 1 per cent of the small businesses in the UK, although they have a weight of around 20 per cent in the index. Given the small sample size and the fact that it changes in a rolling basis, as you would expect there is considerable volatility in these figures. As a result, we should be careful in taking the small business figures as demonstrative of underlying aggregate consumer spending.

The BRC-KPMG Retail Sales Monitor suggests a slightly different picture. The pick-up in sales growth in February was very small at 0.4 per cent (although it was dampened by the effect of a later Mothers’ Day this year). Although February is not traditionally a month for shopping, as consumers replenish their finances after Christmas, there are signs that shoppers are thinking more carefully than usual about their spending at the moment as prices start to edge upwards and wage growth slows. However, Easter, which falls in April this year, will be the real test of whether the expected slowdown in consumer spending has arrived – being later should work in retailers’ favour, but we’ll have to wait and see.

Contact:
BRC Press Office
TELEPHONE: + 44 (0) 20 7854 8924
EMAIL: media@brc.org.uk
OUT OF HOURS: +44 (0) 7557 747 269

Source: BRC

Seven store openings in February: Savemore Market takes rapid expansion in southern Philippines

Seven store openings in February: Savemore Market takes rapid expansion in southern Philippines

 

Pasay City, Philippines, 2017-Mar-24 — /EPR Retail News/ — Savemore Market, the neighborhood store format of SM Markets, takes rapid expansion to a whole new level by opening seven new stores in February largely in the provincial areas to reach thousands of shoppers in remarkable back-to-back store openings.

SM Markets opened Savemore Market San Andres in Manila on February 9 followed by four stores in Negros Occidental within a span of three days, namely, Savemore Market Kabankalan, Savemore Market Victorias, Savemore Market San Carlos, and Savemore Market San Carlos Citymall, from February 14-16.

From the Sugar Capital of the Philippines, Savemore Market opened in the paradise island of Boracay on February 25 and lastly in Tagum, Davao Del Norte on February 28, bringing the total number of Savemore Market stores to 166 nationwide today. Savemore Market also plans to open an additional 13 stores in 2017.

“We continue to expand while taking into consideration the changing needs of the market. With more communities outside of Metro Manila still with minimal access to groceries and with the worsening Manila traffic, shoppers need a complete source of daily and weekly essentials that do not require them to travel far,” Savemore Market President Jojo Tagbo said.

Savemore Market is currently the fastest growing format of SM Markets, which also includes SM Supermarket and SM Hypermarket. This innovative format is geared towards answering shoppers’ last minute grocery needs while remaining compact, complete, and very convenient to shop at.

With its consistent solid performance, Savemore Market was recognized by six different cities and municipalities in the Philippines as their top tax payers for 2016 adding more trophies to its previous recognitions. Majority of Savemore Market’s branches are also recipients of DTI’s Gold Bagwis Seals for service excellence. And by upholding SM’s standard of service, Savemore Market received the 2015 Best Supermarket award from the Philippine Retailers Association joining previous winners SM Supermarket and SM Hypermarket.

Savemore Market gives back to the community by supporting local government initiated campaigns like Diskwento Caravans, clean-up drives, and Brigada Eskwela. In fact, Savemore Market was given the Hall of Fame status by DepEd Lucena City in Quezon province for its contributions to DepEd’s Adopt-a-School program. Large electric fans to help ventilate several churches were also donated by Savemore Market through the Felicidad Sy Foundation. Savemore Market also implements programs like the SM Markets-wide Baryanihan where loose change is donated by shoppers for the benefit of a chosen underprivileged school and the Join the M.O.B. (My Own Bag) campaign which encourages shoppers to reuse shopping bags and reduce waste.

For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117
www.sminvestments.com

Source: SM Investments Corporation

###

BRC/KPMG: February was yet another challenging month for the majority of retailers in UK

  • In February, UK retail sales decreased by 0.4% on a like-for-like basis from February 2016, when they had increased 0.1% from the preceding year.
  • On a total basis, sales rose 0.4% in February, against a 1.1% increase in February 2016. This remains below the 3-month average of 0.8% and the 12-month average of 0.9%.
  • Over the three-months to February, Food sales increased 0.6% on a like-for-like basis and 2.0% on a total basis. This is the third consecutive 3-month average Total growth of 2.0% or above, taking the 12-month Total average growth to 1.2%, the highest since May 2014.
  • Over the three-months to February, Non-Food retail sales in the UK declined 0.4% on a like-for-like basis and 0.2% on a total basis. This is the first 3-month decline since November 2011, dragging the 12-month Total average growth to 0.6%, the lowest since May 2012.
  • Over the three-months to February, Online sales of Non-Food products grew 7.7% while In-store sales declined 2.4% on a Total basis and 2.6% on a like-for-like basis.

London, 2017-Mar-08 — /EPR Retail News/ — HELEN DICKINSON OBE, CHIEF EXECUTIVE, BRITISH RETAIL CONSORTIUM

“Overall growth was subdued in February driven by a continuation of the slowdown in non-food sales. This was marginally offset by slightly stronger growth in food sales.

“There was some negative distortion created by the later timing of Mother’s Day this year, which meant that some categories, notably women’s accessories and health and beauty, didn’t benefit from the build-up of gift purchases as they did last year. But looking beyond this distortion, the persistent weak sales performance of several non-food categories points to an undeniable trend of cautious spending on non- essential items.

“Tougher times are expected ahead. The impact of inflation on consumer spending will add further intensity to an already fiercely competitive environment in which the ability to adapt and innovate will be key to survival. Looking to the Budget this week, we hope to see a commitment from Government to lay a path to a truly sustainable business rates system that will give retailers the flexibility needed to invest and support their local communities.”

PAUL MARTIN, UK HEAD OF RETAIL, KPMG

“Evidently February was yet another challenging month for the majority of retailers, with like-for-like sales down 0.4 per cent on last year. Food sales however, continued to buck the general trend by remaining in the black. That said, with inflation starting to have an impact on retail performance, it is clear that consumer confidence is showing signs of deteriorating.

“School half-term holidays are likely to have contributed to the stronger performance in children’s toy sales during the month. Likewise, furniture and home textile sales will have benefited from parents using the holiday as an opportunity to spruce up the home.

“Retailers will be paying close attention to the upcoming Spring Budget in the hope of seeing some measures to ease the pressure being placed on margins. For some bricks and mortar retailers, a hike in business rates may well be the straw that breaks the camel’s back.”

JOANNE DENNEY-FINCH, CHIEF EXECUTIVE, IGD

“Food and grocery turned in a solid sales performance throughout February, with a particularly strong Valentine’s Day this year.

“The return of a little inflation to the aisles is also playing its part and shoppers are bracing themselves for more to come: 81 per cent believe food prices will rise in the coming year, the highest level of anticipation since September 2016. This puts the emphasis back on hunting for value, with 63 per cent of shoppers favouring everyday low prices over more special offers.”

Contact:

BRC Press Office
TELEPHONE: + 44 (0) 20 7854 8924
EMAIL: media@brc.org.uk

Source: BRC