Clothing & Shoes
The latest news, updates and analysis on the clothing and shoes segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Mar- 2025 -20 March
Footasylum profits soar by 188% in ‘record’ year of growth
Footasylum has welcomed a year of “record” profits and sales, with pre-tax soaring by 188% to £17.2m, up from £6m the prior year. In the year ended 25 January 2025, total revenues rose by 9.4% to £349.5m, up from £319.5m in FY24, as the group welcomed its “best-ever financial performance”.…
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19 March
Office sees profits top £100m amid improved trading and new stores
Footwear retailer Office has seen its full-year pre-tax profits more than double to £102.4m as it experienced better trading conditions and expanded its store estate. According to its latest accounts filed with Companies House, its revenues for the 52-weeks ended 30 June 2024 increased to £294.3m, up from £265.4m the…
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19 March
Frasers renews bid for Norwegian sports retailer XXL
Frasers Group has confirmed it intends to make a mandatory offer for Norwegian sporting goods retailer XXL ASA, despite withdrawing its offer to buy more shares in the group only last month. Frasers has now been allocated 21,637,943 of shares of XXL’s rights issue, while 777,289 shares will be issued as…
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18 March
Select Fashion nears collapse, 35 stores to close
Select Fashion is reportedly on the verge of collapse, with 35 stores set to close if it falls into liquidation. According to documents seen by The Sun, the clothing brand has drafted in advisers from Moorfields to oversee the liquidation of the business. Directors at the brand reportedly said Select…
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17 March
New Look to open new concept store at Bluewater
New Look is set to relocate to a new 12,120 sq foot concept store at Bluewater. The new store will open on 3 April and will be located on the Upper Thames Walk. It will feature New Look’s first omni-hub space, integrating new initiatives including digital inspiration, showrooms and displays. …
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12 March
Zara owner Inditex sees sales and profits surge in FY24
Inditex, the owner of Zara, has hailed its “robust” full-year performance after sales rose by 10.5% to €38.6bn (£32.5bn) in 2024, following “very satisfactory” trading both in stores and online.The group, which also owns brands including Pull and Bear and Bershka, reported profit-before-tax rose by 10.3% to €7.6bn (£6.4bn) while…
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12 March
Stella McCartney profits and revenues plummet in FY23
Stella McCartney has seen a decline in profits and revenues, as its losses widened from £10m to £24.68m in FY23, while revenues fell from £40.06m to £21.9m. The group stated that in 2023, it faced significant pressure from inflation on materials and salaries, with adverse effects in particular on the…
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11 March
M&S adds Hush and Whistles to its ‘Brands at M&S’ platform
M&S has announced the addition of contemporary fashion and lifestyle brands, Hush and Whistles to its ‘Brands at M&S’ online platform this season, as the retailer continues to go after growth in womenswear and drive style perceptions. Hush and Whistles are the first dedicated womenswear brands to launch on the…
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11 March
Mango turnover tops €3.3bn in 2024 amid record investment
Mango has hailed its “excellent” full-year results after turnover rose by 7.6% to €3.3bn (£2.8bn) in 2024, while net profit soared by 27% to €219m (£184m), in what the group has called the “best moment of its history” amid record investment. Over the period, full-year EBITDA rose by 19% to…
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11 March
Boohoo rebrands to Debenhams Group
Boohoo has announced that it is rebranding as Debenhams Group, having rescued the high street department store out of administration in 2021 and initially relaunched it as an online-only business. News of the rebrand comes as Boohoo incurred a one-off non-cash cost of roughly £40m on surplus stock in its…
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