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July 2017

FSP View

Thinking like a Tourist

With the summer slowdown getting underway, FSP has turned its attention to the UK tourist market this month.  The UK boasts some very impressive tourism statistics, which add up to spending of nearly £22bn on ‘special shopping’. 


Retail Burn by FSP

This month, we've ignored many of the big national chains which always feature in the press and, instead, focused on some of the less dominant names.

The most talked about retailers, according to the Retail Burn, include Quiz, B&M, Boden, Joules and Subway with good news and Handmade Burger Company, N Brown, Shop Direct Group, Wilko and House of Fraser, where the news hasn't been so great.

The FSP database shows plenty of good news about Quiz, which recently floated on AIM.

At the other end of the scale is House of Fraser, with the digital director leaving the business and brands complaining about a drop in web sales.

HOT 100

FSP analyses retailer accounts to understand their financial health and sustainability. Those with good scores in these areas feature in our Hot 100.

The Hot 100 in July 2017 included;

HOT 100 retailers by FSP
  1. Edinburgh Woollen Mill; feasting on struggling retailers
  2. Bonmarche with positive Q1 results
  3. Games Workshop transitioning to Warhammer
  4. Cath Kidston, expanding in the UK
  5. Pret a Manger, showing its eco-credentials
  6. Wagamama, reporting profitable expansion
  7. The Works, with ambitious growth plans
  8. Bensons for Beds with its new Chief Executive

Retail News Index

UK Retail News Index by FSP

The July RNI index for All Retailers, at 101, has increased by 2.

  • Leisure, at 107, has increased by 3.
  • Clothing & Footwear, at 93, has increased by 3.
  • Household, at 102 has increased by 2.
  • Personal, at 101, has increased by 6.
  • Grocery, at 103, has decreased by 1.
  • Food & Beverage, at 99, has decreased by 2

For the full report, click here.

FSP on average reviews over 350 unique items of retailer news. Each article is scored according to sentiment. RNI is the sum of these scores indexed against 2005 and averaged over a three month period. The RNI time series for all retailers starts from May 2002.

Retailer Births & Deaths

Retailers in administration and new retailers

There were 2 administrations recorded in July: Handmade Burger Co, which was subsequently rescued and Store Twenty One which is in liquidation.  The UK business of True Religion will, apparently, be unaffected by bankruptcy in the US

There were 4 new additions to the FSP Retailer Database in July, with 1 new retailer launching in the UK market: the Asian casual dining chain, P. F Chang's