All Prospect Analysis articles
Most recent first.
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Prospect AnalysisTFG London (Financials)
The Foschini Group London (TFG London) comprises womenswear brands Phase Eight, Hobbs and Whistles. Group sales climbed 8.9% to £337.7m in the year to 25 March 2023 (FY2022). TFG London said a “resurgence of in-store shopping behaviour” highlighted the importance of its “cross-channel offering”.
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Prospect AnalysisSephora (SWOT)
Having successfully grown its sales internationally through partnerships with Kohl’s and Zalando, could Sephora look for a like-minded UK partner? For instance, both John Lewis or Frasers Group have the reach and acumen to drive the brand forward in the UK.
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Prospect AnalysisSephora (Outlook)
Having exited the UK in 2005 under difficult market conditions, the retail landscape has shifted dramatically, with online enabling retailers to reach far more shoppers than previously. Sephora’s acquisition of FeelUnique will have given it ample customer numbers as its base in the UK, which will surely speed up its ambitions to grow market share in the country.
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Prospect AnalysisStores at Sephora
In March 2023, Sephora once again opened its doors in the UK with a 6,000 /sq ft store in Westfield, Shepherd’s Bush, London.
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Prospect AnalysisTechnology at Sephora
Sephora held its Sephoria: Virtual House of Beauty in the metaverse in August 2022. It featured an interactive beauty “house” with multiple rooms to explore, full of exclusive content from brands and influencers.
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Prospect AnalysisSephora (Strategy)
The beauty giant operates more than 30 ecommerce sites worldwide, with its UK website having relaunched in October 2022 after its extended UK hiatus - the retailer had exited the UK market in 2005.
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Prospect AnalysisSephora (Financials)
LVMH reported total sales of €79.2bn (£67.5bn) for the year ending December 31, 2022 (FY2022). Within this, LVMH said Sephora achieved its strongest year ever with record sales and profits.
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Prospect AnalysisEcommerce at Sephora
Owner LVMH credits Sephora’s success to its customers being able to access Sephora at anytime, anywhere on any device (ATAWAD). This strategy is designed “to ensure that clients enjoy surprise and delight across each and every touch point of the brand”.
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Prospect AnalysisCustomer and marketing at Sephora
Marking its return to the UK, in October 2022 it partnered with creative agency AKQA to launch its “Express All of You” campaign.
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Prospect AnalysisSupply chain at Sephora
Within Europe, it partnered with Arvato to manage its retail logistics and ecommerce channels in Germany, Spain and Turkey, adding Poland and Czech Republic to Arvato’s roster to optimise its logistics systems and reduce customer delivery times.
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Prospect AnalysisSephora (Overview)
Having exited the UK in 2005, Sephora is once again attempting to get a foothold in the UK market. In September 2021, it acquired UK online beauty retailer Feelunique in a £132m deal, replacing its site with sephora.co.uk in October the following year.
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Prospect AnalysisCustomer and marketing at John Lewis Partnership
JLP announced a five-year partnership with Dunnhumby and Eagle Eye at the end of April 2023, to help “deepen our relationships with our customers and provide them with even more benefits”.
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Prospect Analysis
Buy It Direct (Outlook)
After a difficult 2021 financial year, pandemic-inflated comparisons and supply chain disruption conspired against the business, Buy It Direct is reported to be back in the black and growing again from 2022.
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Prospect AnalysisInditex (Outlook)
With just over 100 UK stores as a group, Inditex is looking to expand its banners in the UK to compete with rival H&M, whose UK presence is much broader. Expect other Oysho stores to follow this year as well as expanded Zara stores if its Battersea Power Station store is anything to go by.
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Prospect AnalysisInditex (Strategy)
One of the world’s largest fashion retailers, the Inditex group has grown its revenues substantially over the last decade. While its largest brand is Zara and its Zara Home arm, it boasts a number of other brands: Pull & Bear, Massimo Dutti, Stradivarius, Bershka, Uterqüe and Oysho.
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Prospect AnalysisInditex (Overview)
Inditex is the world’s largest fashion retailer. Housing a number of brands under its banner, it boasted sales of €27.7bn (£23.8bn) in its latest financial year ending 31 January 2022 (FY2021). Within the UK, it is best known for its Zara brand although other portfolio brands have expanded of late.
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Prospect AnalysisLululemon (SWOT)
Lululemon has voiced plans to expand further internationally, and with its focus on women’s sportswear stands to compete with the likes of Adidas and Nike in this territory
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Prospect AnalysisLululemon (Outlook)
Lululemon is reshaping its at home fitness division, having rebranded Mirror to Lululemon Studio in late 2022. The sports retailer recorded eye-watering write-downs against the technology in the latest financial year – at nearly $450m (£364m).
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Prospect AnalysisLululemon (Financials)
Lululemon delivered another year of successive revenue growth as it forges ahead with its Power of Three x 2 strategy, which it launched in 2022. Sales leapt 30% in the year ending January 29 2023, with the sports retailer delivering total revenues of $8.1bn (£6.5bn).