Encircled’s Post

Next reports that full-price sales were up +5.7% YoY over the 13 weeks to 27th April, slightly ahead of the retailer's guidance for this period (+5%). Online sales were up +8.8%, while store sales movement was flat, at 0%. https://lnkd.in/gEQy5JsG #retail #furniture #sales #spring

How are new retail listings being priced? This chart shows the average asking cap rates for new listings that came to the market throughout the fourth quarter. These are class A and B multi-tenant retail centers.

January retail sales fall 9.8% from same period last year. See how the sector stacked up against other retail segments. This gives a glimpse of where some of the biggest competition lies. https://lnkd.in/eT2QNmSh

Discount retailer Big Lots has filed for bankruptcy protection, pointing to high interest rates and the sluggish housing market impacting demand for its low-cost furniture and home goods. This significant move highlights the challenges facing the retail sector, particularly for brands catering to budget-conscious consumers. Read on here: https://ow.ly/nAt750Tp2q3

Discount retailer Big Lots has filed for bankruptcy protection, pointing to high interest rates and the sluggish housing market impacting demand for its low-cost furniture and home goods. This significant move highlights the challenges facing the retail sector, particularly for brands catering to budget-conscious consumers. Read on here: https://ow.ly/slzG50TqpP8

Thinking of selling your retail business this year? The convenience retail market is fast-paced, so getting the right advice is crucial to achieving the best price and most importantly, ensuring your sale is successful. In this blog, Anthony Meadowcroft, Business Agent in Christie & Co's Retail team shares the key things to consider if you’re starting your selling journey this year. #retail #businessproperty #advice

Dunelm finding sites for new stores amid rising sales and easing freight costs 🚛 Dunelm is browsing sites for new stores after rising sales showed shoppers were responding well to its smaller format stores. In the latest quarter, Dunelm opened a new store in Brighton and relocated its Edinburgh store 'to a better site', taking its total store openings to six for the full year. The group's shares rose sharply on Thursday after unveiling higher sales in recent months. The London-listed homeware retailer expects its annual profit to slightly exceed market forecasts, it said in a statement posting its latest quarterly and annual results today. The group, which sells items ranging from bedding, sofas, and chairs to garden furniture, said sales in the fourth quarter that ending on 29 June rose 4 per cent, bolstered by strong summer sales in June, while full-year sales also grew 4 per cent to £1.71billion. Dunelm said its annual pre-tax profit is likely to be come in ahead of previous forecasts of around £200million. The sales figures marked a recovery from a slowdown it witnessed in the prior quarter after a particularly weak March. Nick Wilkinson, Dunelm's chief executive, said: 'Throughout the year, we grew sales and continued to exercise tight cost control in an environment of high inflation. 'Our strong gross margin performance means we now expect our FY24 profit before tax to be slightly ahead of expectations. #dunelm #freightcost #expectations #freightforwarding

☔ Rainy February dampened retail sales 📉 A rain-affected February saw retail sales fall in volume by 0.5% in February (year on year) according to the Office for National Statistics. 📜 Furniture 🚪 and electricals ⚡ were hit particularly badly as a result. However, cosmetics 💄 and toiletries 👝 continue to perform well. 📈 Read the thoughts of Director of Insight, Kris Hamer, below 👇 #retail #sales

It's surprise and interesting news. Sakes and NM are used to being a pair of competitors. Now they're united together. Considering the fact, Sakes leads a strong online luxury shopping journey global wise, and NM leads a better retail shopping journey nation wise. Will this new deal increase the overall luxury shopping journey across both online and offline channels, or benefit the Amazon? I also curious about their new strategy on global scales, if they will take a step further to expend their footprint in China or Asia, since Luxury e-tailer Yoox Net-a-Porter (YNAP) is pulling out of China.

We have some incredibly exciting news to share with you—Max Retail has officially hit $10 million in payouts to sellers! 🎉 As we continue to grow our network of sales channels, so do your opportunities to maximize earnings. Remember, the more you list, the more you sell—so let’s keep the momentum going! Here’s to many more milestones and successes together. Thank you for your commitment and for being a part of our community. Are you a brand or retailer that isn’t a member of Max Retail yet? Let’s start a conversation by going to https://lnkd.in/gXECzKCb. #Retailers #InventoryManagement #CashFlow #ShopSmall #SaleRack #ExcessInventory #SpecialtyStore #IndependentRetailers #maxretail #retailer #retail #boutique #RetailNews #inventory