Black Friday dales retail salesI said it at the start of this year if you’re a brand or retailer and you can make it through 2019 and into 2020 then you’re probably going to be alright. This year has been tough, very tough, and we’re well into the most important segment of the year for some retailers. It’s do or die for many brands who are on their uppers while trying to flog customers theirs. 

This period of physical retail contraction is more painful the larger you are and we’ve waved goodbye to some very well known retailers and brands this year which could no longer survive under the perfect storm of online competition, retail saturation and squeezed prices, increase in the minimum wage, Extinction Rebellion/consumption debate, Brexit uncertainty and a snap General Election, cost of returns, prolonged discounting and high business rates and rents. 

Christmas has always been a crucial time for retailers, but if it’s your single focus and main time to make profits then you need to rethink your business model and marketing. Many businesses with this old fashioned idea are many of those disappearing or have disappeared. But, it still matters, and a bad Christmas period will see many more retail business announcing their demise come the new year.

The lead up hasn’t been good, but a lot of spend could be skewed by the juggernaut of Black Friday. Sales decreased by 1.3% in September 2019, the worst September since BRC (British Retail Consortium) records began in 1995.

The following month, high street shoppers bought 0.6 per cent more goods in October 2019, representing a drop from 1.3 per cent sales growth recorded in October 2018, but still representing the retail industry’s best performance since April, according to figures compiled by the BRC and KPMG. Looking at a three-month average, which allows for month-to-month fluctuations, total in-store sales of non-food items dropped 3.6 per cent, while food sales grew 1.6 per cent (or 0.5 per cent on a like-for-like basis). 

According to Barclaycard, "consumer spending in November (2019) showed a muted 0.9% growth year-on-year as Brits plan for a frugal festive season”.

So far, so bad, but Black Friday was the biggest ever. According to retail intelligence firm Springboard, retail footfall on Black Friday was up 3.3% in comparison with the same day in 2018, with shoppers mostly hitting the shops after work. Black Friday spending rose 16.5% on 2018, Barclaycard said. They said spending was higher as of 10am that morning and “sustained” that high level throughout the day. They said the number of transactions then reached a “new peak” between 1pm and 2pm on Black Friday. Barclays, which has been monitoring real-time transaction data for Black Friday, processes almost £1 in every £3 spent in the UK.

“We recorded a new peak of 1,184 transactions per second between 1pm and 2pm, which is up on last year’s 1,087 by around nine per cent,” Rob Cameron, CEO of Barclaycard Payments told City A.M.

“The volume of transactions has been up all week and in terms of purchasing, we have seen a high level on spending from midnight all the way through.

“This is fantastic news for retailers, with our data showing that transactions have also been strong throughout the week,” says Cameron. “With many retailers spreading their deals out throughout the week, they will be encouraged to see this hasn’t cannibalised sales volumes on Black Friday itself.” he told City AM.

The volume of transactions on Black Friday rose 7.2% year-on-year, while the volume of transactions on Cyber Monday - the following Monday - was so far up 6.9%.

While this discounting could affect margins, it appears the hype of Black Friday and perceived discounts is something retailers are taking advantage of. The consumer title, Which? warned that few real deals were available, with most goods cheaper or available for the same price at other times. It found that just 4 of 83 products they studied last year were cheaper during the Black Friday promotions.

Black Friday benefited from falling on or just after payday this year with many people paid on 28th of the month. Black Friday has been big, but has is been big enough? The last few years saw many retailers see a wash of sales just before Christmas which allowed them to limp on into the next year.  It appears that retailers are finally understanding how to play the Black Friday game; getting rid of unwanted stock while holding firm on in-demand products. It will be interesting to see the level of returns and this giant spike can be difficult to manage, especially for smaller retailers which less stock holdings. 

The retail figures show a consumer holding tight until to Black Friday, and it will be interesting to see, now those purse strings have been loosened, whether it continues in the final few weeks until Christmas especially with the distraction of a General Election bang in the middle of that. See you in the next decade?

BUY TheChicGeek's new book - FASHIONWANKERS - HERE 

Published in Fashion
Wednesday, 27 November 2019 14:24

ChicGeek Comment Christmas Past

christmas ads stuck in the pastNot to sound too much like Scrooge, though he is part of the problem, but have you noticed how all the Christmas adverts look the same this year?

Their nostalgic Dickensian approach of snow, jingle bells, street urchins and false bonhomie is strikingly similar and just doesn’t feel particularly fresh from retailers trying to smile through the pain of the current retail environment. It feels faker than a Trump press release and disappointing and safe from marketing departments crossing everything and hoping their brands make it through to the new year.

Left - More urchins? Sainsbury's 2019

What started with wise men offering up gifts was hijacked by retailers and brands over the past century to make all their year’s profits in a few short months. Today's Christmas is, arguably, an American creation of commercialisation. It was Coca-Cola after all who changed Father Christmas from green to red to suit their branding.

This isn’t about taking Christmas back to its meaning, whatever that is, it’s about reflecting contemporary times and stripping the crap out of Christmas, which sits alongside Halloween and Valentine’s as commercial ‘Festivals of Crap’ with our overindulgence reflected in the bulging brown bin the days after.

Christmas needs a reboot to take it from Victoriana fake-fest to a simpler and more sustainable pagan and friends and family focussed festival to get us through the longest nights.

“Most of Christmas ads look almost identical because agencies and brands start from the almost same brief: ‘Lets create a piece of heart-warming storytelling that people will share online, so avoid pushing a specific product. Make it pretty’. says Marcio Delgado – Influencer Marketing Campaign Manager and Producer, www.marciodelgado.com

John Lewis christmas ads stuck in the past

"On paper, for the purpose of approving production budgets months before Mariah Carey’s ‘All I want for Christmas is you’ climbs back the charts – again – it seems the perfect deal. However, when customers start being bombarded by similar content, exhaustively promoted within their social media feeds and favourite TV shows, it all starts to look too much of the same.” says Delgado.

Lesley Stonier, brand storytelling and marketing strategist. Founder of We Mean Business, London - helping women and entrepreneurs find their authentic voice and share their story with confidence, says, “I think for the last 5 or so years we’ve seen John Lewis and even more recently Lidl/Aldi do very well from a certain style and format of ad. I believe the briefs the ad agencies are receiving from these companies and their competitors now will be something like, I want what they are doing, but make it ours.

Right - More snow? John Lewis 2019.

“It just all feels very same-y and therefore it becomes difficult to distinguish who the retailers actually are. There’s no stand out brand this year. The ads all blur into one Christmassy mass with no distinction. Food, kids, 18th century nostalgia, it’s difficult to tell them apart now.” says Stonier.

Stephanie Melodia, marketing specialist, founder of startup marketing agency, Bloom says, “Persuasion is at the root of successful advertising, and the mechanism to this is by appealing to people’s emotions. As a nation that has become less religious and traditional over time, Christmastime no longer bears the same connotations as before. Instead, the “Dickensian nostalgia” plays to the magic and joy one can only achieve over the holidays - whether its spending time with loved ones, exchanging gifts, enjoying good food & drink, or all of the above! It’s worth noting the generations that the Dickensian style will appeal to have quite a vast age range, from the grandparents to the millennials, (thanks to Mr. Dickens' literary genius in itself, as well as the modern remixes, like The Muppet Christmas Carol - for example). 

What can brands do to differentiate themselves more and make their marketing campaigns feel more contemporary? “Firstly, they could focus on what their unique perspective is on Christmas. Although I think that’s where the challenge ultimately lies. When it comes to retail, we now have promotions for Christmas starting 2 wks before Black Friday so it’s very hard to differentiate except via price.” says Stonier.

“John Lewis, for example, could have led the pack by taking a more sustainable approach to Christmas. Encouraging less packaging waste for example. Or a supermarket encouraging less food waste. That would be a different approach and that would have much greater stand out because you’re changing the story people expect to hear, and giving them something different to mull over, giving them a reason to choose to do something different and make that choice with you.” she says.

 Tesco christmas ads stuck in the past

“Behavioural changes, especially at a large scale, take a long time to kick in (whilst there is still lots of impactful work happening at the moment!)” says Melodia. “Hardwired social traditions like exchanging gifts at Christmastime won’t go away any time soon, but people are definitely thinking a lot more about how and what they buy than before. Retailers need to have sustainability at the heart of their businesses (if they don’t already) and beware of the PR risk in greenwashing while doing so.” she says.

Left - Tesco's 2019 Christmas table

Will this type of Christmas survive Extinction Rebellion and people rethinking over consumption?

“I think shoppers will always shop on price discounts. But it doesn’t drive loyalty so the retailers are just creating a vicious cycle that is then difficult to extract yourself from. 

“There’s a risk to a different approach, but I’m surprised no one has capitalised on the consumer demand for more sustainable approach to life, and taken Christmas, the season of excess as the time to put a stake in the ground.” says Stonier.

What will Christmas look like in the future for brands and retailers?

“I don’t have a crystal ball, but I can see us ironically returning to a simpler, less extravagant time, much like the Dickensian era. Where gifts are made rather than bought, and that we focus on the meaning and act of giving rather then needing, wanting and buying.” says Stonier. “The reality is there is very little we “need” now days in first world countries. We’re saturated. So what comes next? People search for meaning and purpose, and brands are doing good in the world, will be leading our hearts, minds and wallets in the future.” she says.

“We’ve already moved so far away from the religious and familial traditions from a mere century ago, the rate of change is only accelerating faster and faster. I believe people coming together and enjoying shared experiences will be the core festive factor that will remain for the foreseeable future, with the consumerist side of the holidays on the down.” says Melodia.

These Christmas ads are looking as done as the designer Christmas tree. This isn't about taking out the fun and the coming together of Christmas, it's about a fresher approach that is more reflective of where we are right now as consumers. The Christmas future looks simpler and less wasteful. ’Please, sir, no more!’.

BUY TheChicGeek's new book - FASHIONWANKERS - HERE 

Published in Fashion

Book review Fashion Wankers Marcus Jaye

Are you more Romford than Tom Ford? My latest book, Fashion Wankers - It Takes One To Know One, has just been released. The idea is, in the age of Tom Ford’s 'Fucking Fabulous’, Eggslut and Bollocks To Brexit, the ‘Fashion Wanker’ is the new fashionista (or fashionisto). 

It’s all about confidence and being able to laugh at yourself. The truly stylish are the first to poke fun at themselves after all and it’s a very British thing.

Left - Fashion Wankers Cover - For those who make Quality Street look like Dover Street...

Book review Fashion Wankers Marcus Jaye how to throw shadeFashion Wankers is the funniest fashion book (obvs. I wrote it!) this side of fashion week. It shows you how to be a fashion wanker and will help you spot which wanker you are and what to look for out the selection of 16 fashion wankers. Once you’ve learnt to recognise your fellow Fashion Wankers, you will discover the fun of creating a Fashion Wanker look all of your own. It also comes with its own fun fold-out, style-guide game of #FashionWankers Bingo. 

Whether you are a self-confessed Fashion Wanker, know one, love one, are related to one or want to be one, then this book is for you. This is your Tough Mudder, if you will, your journey into becoming the biggest wanker of all the Fashion Wankers. OWN IT. 

Every fashion wanker should have this waiting for them under their Christmas tree. Shut the front Dior!

Published by Ammonite. 128 pages. You can buy signed & personalised copies for £13.50 (Free Postage) whilst stock last from www.fashionwankers.com

I love you for all your fashion-wankiness!

TheChicGeek XX

Also available at Amazon, WHSmith, Blackwell's, Foyles, Selfridges, Waterstones

Tag #FashionWankers in your social media with your copy 

Book review Fashion Wankers Marcus Jaye

Book review Fashion Wankers Marcus Jaye

Book review Fashion Wankers Marcus Jaye

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Left - BUY ME! EXCLUSIVE - Author signed copies available HERE

Published in Fashion
Monday, 17 December 2018 13:12

ChicGeek Comment November Pain

ASOS profits down black fridayThe darling of British online retail, ASOS, today, issued a statement saying it saw “significant deterioration” in trading in the run-up to Christmas. Blaming the weather and a high level of discounting and promotional activity across the market, it said it lead it to increase its own special offers, which typically eat into profit margins. 

November 2018 is set to go down as one of the worst retail months in recent memory. Mike Ashley, the Sports Direct boss, was recently quoted as saying, “November was the worst on record, unbelievably bad”. He said “No one could have budgeted for that. Retailers just cannot take that kind of November. It will literally smash them to pieces.”

Left - ASOS' HQ - Black cats for Black Friday?

While ASOS only saw a slowing in sales growth - it now expects sales growth of 15% for the year to August 2019, down from 20% to 25% - it also shows the chill running through the entire retail sector.

A perfect storm of lower footfall, Black Friday discounts, Brexit shaking consumer confidence and a highly competitive market in general, is making things very dicey for the retail sector. Retailer, Stuart Rose, formerly of Marks & Spencer, told ITV News, “I sense this is a very slow Christmas … You have the uncertainty of Brexit, people are uncertain about what the future is going to look like next year. [Consumers] have their hands in their pockets. Car sales? Down. House sales? Down. Big ticket sales? Down. I suspect there will be some uncomfortable trading statements in the early part of January.”

Even the juggernaut of Primark is reporting a slowdown. It has warned of “challenging” trading conditions. John Bason, the finance director of Primark’s parent Associated British Foods (ABF), said “I think it is a call on quite mild weather during November and I think it’s affected footfall.” This is important to Primark because it doesn’t sell online. Bason told Reuters that while sales at stores open more than one year were “just positive” in September and October, they had turned negative in November. 

On a brighter note, overall consumer spending rose 3.3% year on year in November, but it was the lowest growth since March, despite the boost from Black Friday, according to Barclaycard. Clothing spending contracted by 2.9%, the biggest fall since October 2017, while spending on household appliances was down by 14%.

One thing interesting to note is ASOS mentioning its slowdown in Europe. It said trading conditions across Germany and France, which account for 60% of the retailer’s EU sales, have become significantly more challenging, which means this is a wider problem than Brexit. ASOS said “The current backdrop of economic uncertainty across many of our major markets together with a weakening in consumer confidence has led to the weakest growth in online clothing sales in recent years. We have recalibrated our expectations for the current year accordingly.”

Primark Birmingham profits down black friday

So, let’s look at this weather. According to the Met Office, “November began with relatively cold quiet weather, but from the 3rd to 14th it was mild with a predominance of southerly winds. It was cold with easterly winds from the 19th to 26th, with frequent rain or showers for the east and south-west. It turned very mild, wet and windy in all parts of the country from the 27th onwards. The provisional UK mean temperature was 7.3 °C.” This up and down weather isn’t particularly unusual for November and we had two decent cold spells to help shift more seasonal, colder weather stock. The weather is always an easy excuse for retailers reporting bad figures.

Right - Primark is opening its largest store in the world in Birmingham this month

Black Friday, though, is wiping out profit margins for retailers with consumers expecting huge discounts and it’s stopping people from hitting the high-street. UK retail endured the biggest drop in footfall for the month of November since 2009. It also marked the 12th consecutive month of footfall decline. Discounts were made for online; no pushing and shoving to then leave disappointed. If they’ve got it, it’s in the basket, and you probably don’t buy anything else while you’re there unlike if you’d gone to the high-street or a shopping centre.

Laura Ashley just announced it was closing a further 40 stores and, last week, Bonmarché issued a profit warning and Blue Inc fell into administration.

Many retailers will be praying for a good Christmas, but to make up these sales in the three weeks to Christmas will be tough, especially with so many factors working against them. Primark and ASOS are strong retailers and will weather this storm, but many will not. To continue the weather metaphors, this could be the hardest frost to hit the retail sector in many years and anybody small or not hardy enough will be dead before the winter is out.

Published in Fashion

Review Jo Malone White Moss Snowdrop Christmas fragrance grooming expertForest-fresh moss mix with a warm touch of golden amber and topped with a luminous burst of cardamom.

TheChicGeek says, ‘Who knew snowdrops had a fragrance? Maybe a little bit of artistic license from Jo Malone, but it works for the festive season and into the New Year. We have summer fragrances, so why not Christmas ones? 

The first symbol of spring, long before winter ends, the snowdrop isn’t know for its fragrance. This has that slightly fizzy and sugary greeness with white flowers poking through. An easy wearer, the spicy cardamom gives it that festive warmth and sparkle. After the Huntsman collab., I just wish Jo Malone’s packaging was slightly less feminine and more neutral, but I'd happily wear this the whole of December and January”.

Left - Jo Malone - White Moss & Snowdrop - £96

Published in Grooming
Friday, 19 October 2018 12:02

Menswear Trend Eveningwear Lurex Socks

Gucci lurex socks ChristmasWhen party season hits - it won’t be long - we often forget about our dancing feet. For something simple and fashionable opt for a dose of sparkle in the sock department. Lurex or ‘Glitter’ socks add a Michael Jackson element to your shoe and look great particularly with slip on loafers and cropped trousers. Gucci pioneered the look with their logo lurex socks and while there are a few styles for men, the majority are women’s, so just buy the largest size and they’ll stretch.

Left - Gucci lurex logo socks - Chintz optional!

Pantherella lurex socks ChristmasLeft - Pantherella - Sparkle Sock - Soft-Touch Lurex Cotton/Cashmere Blend Men's Luxury Socks (Over The Calf) - £20.50

Below - Gucci - Lurex Interlocking G Socks - £100

Gucci lurex socks Christmas

 

 

 

 

 

 

 

 

 

Left - Ignore the high-heels - Leg Avenue Xmas Lurex Glitter/Shiny Ankle Pop Socks/Anklets - £9.25 from eBay.co.ukebay lurex socks Christmas

ASOS men's lurex socks ChristmasLeft - ASOS DESIGN - Sports Style Socks in Glitter - £4

Below - ASOS DESIGN party socks in glitter zebra design - £4

ASOS men's lurex socks Christmas

Need some more sparkle in your life? - Read Menswear Trends Daytime Sequins

Need more inspiration? See Best Dressed Chic Geek Jeff Goldblum rocking party season

Published in Fashion

Santa, baby, slip a….

menswear Christmas wish list Tom Ford velvet dinner jacket

Tom Ford Velvet Jacket

Okay, I know I’ll hardly get an opportunity to wear this, but, just look at it. I got a Tom Ford suit last year and the quality is so good. Admittedly, you’re paying serious dollar for it, but my, oh, my, look at this beauty.

Left - Tom Ford - Velvet Shelton Shawl Collar Cocktail Jacket - $3980

menswear Christmas wish list Longchamp leather suitcase

Longchamp Leather Suitcase

This is a beautifully proportioned, soft leather suitcase that you’ll be itching to use. It'll make you even more excited about going away. Made in France for a decidedly undesigner price, this is a timeless shape and comes in lots of colour options. I also like the minimal branding.

Right - Longchamp - Le Foulonné Small Suitcase - £500

 

 

 

 

menswear Christmas wish list Gucci candle

Gucci Candle

While I’m over the clothes, the Gucci home stuff, while ridiculously expensive, is where my energy has gone. This is made by Richard Ginori - Kering is the parent company as well as of Gucci - and it has something mystical and masonic about it.

Left - Gucci - Esotericum, Chevron Candle - £220

menswear Christmas wish list Balenciaga dry clean

Balenciaga Dry Cleaning

Nothing says ‘fashion’ like a classic denim jacket bonded in plastic film so it looks like you’ve just left the dry-cleaners with the wrapping still on. We get to the end of the year and I’m still loving what Balenciaga are doing. They know how to twist, make you screw your face up and then jump on board. See more It's A Wrap!

Left - Balenciaga - Dry Clean Big Denim Jacket - £935

menswear Christmas wish list Jacey Withers Cutlass Necklace

Silver Cutlass Necklace

There’s something really fun and original about this necklace. I’m all about chest decoration ATM - see here - and this is a nice mix of design, precious metal and individuality.

Left - Jacey Withers - Cutlass Necklace - £240

 

 

 

 

 

Published in The Fashion Archives
Tuesday, 19 December 2017 15:22

#OOTD 105 Christmas Chic Geek

Christmas Chic Geek Lois Jean 2017 Merry Chic Geek

It's the time of year to be comfortable, warm and, ultimately, cute. Nothing says 'narcissistic' like decorating a Christmas tree with your own image! Even the fairy on the top has a remarkable likeness!

As for dressing, double corduroy is the way to go - see more here. Team with a seasonal Fair Isle and a glass of Baileys. Cheers and Merry Christmas ChicGeeks!

#MerryChicGeek

Credits - Corduroy Jean Suit - Lois Jeans, Fair Isle - Drake's, Socks - TK Maxx, Watch - Swatch

Christmas Chic Geek Lois Jean 2017 Merry Chic Geek

Christmas Chic Geek Lois Jean 2017 Merry Chic Geek

Christmas Chic Geek Lois Jean 2017 Merry Chic Geek

Christmas Chic Geek Lois Jean 2017 Merry Chic Geek

Christmas Chic Geek Lois Jean 2017 Merry Chic Geek

Christmas Chic Geek Lois Jean 2017 Merry Chic Geek

Published in Outfit of the Day
Friday, 02 December 2016 16:17

ChicGeek Men’s Lurex Partywear 2016

Menswear Lurex Knitwear Polo JosephFirst things first, what exactly is Lurex? Lurex is a type of yarn or fabric which incorporates a glittering metallic thread. It gives the knit a sort of Christmasy makeover which is on just the right side of glittery.

It’s perfect for this time of year, under artificial lights or candles, and adds an element of reflective fun to a suit or evening wear.

I remember Prada produced a collection with lots of lurex in AW 2011 , below, and showed how it could look fresh and interesting in knitwear and accessories. I ended up buying a knitted tie. Lurex on men shows an element of confidence in the wearer and somebody you instantly gravitate to at a party. Get involved!

Here is a selection of what is available this season: 

Prada lurex AW 2011 menswearFar Left - Joseph - Lurex Merinos Polo - £195

Left - Vintage - Prada AW 2011

 

 

 

 

 

 

 

 

 

 

 

Lurex ASOS menswear ChristmasLeft - ASOS - Knitted Metallic T-Shirt - £25

tank top gucci lurex menswearLeft - Gucci - Lurex Jacquard Tank Top - £440 from LN-CC

Below - Balenciaga - Men’s Slip-on Lurex - £325

Balenciaga lurex trainers sneakers

AMI knitwear lurex menswear style bloggerLeft - AMI - Men’s Round Neck Pull In Lurex - £235

Topman lurex knitwear 2016 the chic geekLeft - Topman - Lurex Top - £20

 

Published in The Fashion Archives
Thursday, 17 December 2015 17:40

TheChicGeek & Fossil's Curious Night Out #sp

The Chic Geek fossil q smartwatchThe mulled wine was flowing and the Christmas tunes were pumping as TheChicGeek hosted his Curious Night Out with Fossil on Oxford Street, last thursday. 

Left - TheChicGeek checking out the new range of Fossil smartwatches and bracelets

Guests were treated to an exclusive ChicGeek discount, monogramming service on leather good and jewellery and luxury goodie bags. I got to chose a selection of gifts, suitable for the whole family, from Fossil's extensive range of watches, leather goods, jewellery and gifts.

fossil fashion foie gras marcus jaye the chic geekRight - Where's ChicGeek?! Fellow blogger, Fashion Foie Gras, getting digitally papped

So, with Christmas wrapped up, all in one place, there's nothing left to do but wish you all a Happy Christmas and a Curious New Year!

Fossil oxford street the chic geek blogger style menswear

 

 


Left - TheChicGeek 'geek-handling' Fossil's leather rucksacks 

Below - Fossil Oxford Street, London

Fossil Oxford Street the chic geek

 

Published in The Fashion Archives
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