Brantano is set to trade on as a multichannel retailer with a slimmed-down store estate after it was bought out of administration by its former owner, Alteri Investors. In total, 1,732 jobs will be saved as the shoe retailer trades online and through a reduced estate of 140 stores and concessions. Fifty-eight outlets have not been included in the sale, and could close, with the loss of an estimated 600 jobs, if a buyer is not found.
Property developer Hammerson has signalled further investment in multichannel initiatives at its UK shopping centres. During its 2016 financial year it will expand click and collect services as well as releasing a second version of its Plus app. The update came as Hammerson revealed that footfall in its UK shopping centres had risen by 1.1% in 2015, while retail sales were up by 1.3%. Occupancy stood at 98.3%, and net retail income rose by 2.1% on a like-for-like basis.
Dunelm has reported that its multichannel strategy was helping it to look towards a ‘post-internet’ age, as it reported a double digit rise in sales and profits. Chief Executive John Browett said the homewares retailer was “constantly improving the shopping trip” through an evolving store and online format. Growing sales, new stores and online sales via home delivery would be key to its business in coming months as it expands its store estate from 157 to 200 stores. The company reported sales of £448.1m in the first half of its financial year, 10.3% up on the same time last year, and pre-tax profits of £75.5m, 10.7% up on last time. Home delivery sales, with transactions taking place online, rose by 24.4% to £28m in the 26 weeks to January 2. Growth in this area, said Browett, was improving following the launch of a new web platform in July.
H&M Group has reported sales up by almost a fifth in its latest full year, after twelve months in which it expanded quickly, online and off. The Swedish fast fashion retailer, whose brands include H&M Home, Cos and & Other Stories as well as its core H&M brand, added 10 new online markets, to sell in 23 in total by year-end. The UK was H&M’s third biggest market, after Germany and the US. UK sales, online and through 264 stores, 11 opened during the year, came to SEK 16bn (£1.3bn), 23% up on the same time in the previous year in krona, and 8% up in pounds.