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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May- 2025 -27 May
Crocs appoints new chief brand officer
Casual footwear brand Crocs has announced the appointment of Terence Reilly to the role of executive vice president, chief brand officer, with oversight over the marketing and communications functions for both the Crocs and HeyDude brands, effective immediately. As a veteran brand expert, Reilly has a proven track record of…
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21 May
JD Sports pre-tax profits drop 4% to £923m in FY25
JD Sports has seen its pre-tax profits and adjusting items drop 4% to £923m during the year ended 1 February 2025, due largely to the group’s continued investment in infrastructure, controls and security. Without adjusting items, profits before tax fell 11.8% to £715m during the financial year. However, the retailer…
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20 May
Nike to axe jobs in technology division
Nike is downsizing its technology division and laying off some of its employees, according to Bloomberg News. A representative from the retailer explained that the company is set to move some of its work in its technology arm to third-party vendors. However, it was not specified how many employees are…
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16 May
Next suffers shareholder rebellion over pay transparency
Next’s shareholders have pushed back against what some deemed as a lack of transparency over its staff pay after more than a fifth backed a resolution calling for more information. The vote at the retailers AGM yesterday (Thursday 15 May) saw 26.9% of shareholder votes in support of a resolution…
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12 May
Luxe Collective closes down after 7 years of trading
Second-hand luxury fashion business Luxe Collective has closed down after seven years of trading, under a year after the business suffered a burglary. In a post to Linkedin, co-founder and chief executive Ben Gallagher, who set up the business with his brother Joe, confirmed that the brand “will no longer…
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12 May
Skims to debut first UK store in summer 2026
Kim Kardashian’s lingerie brand, Skims, has signed a 10-year lease for its first standalone UK store, which will span 12,000 sq ft at 245-247 Regent Street and is due to open in summer 2026. The brand, which has been credited for creating technically constructed collections that prioritise comfort, fit and…
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12 May
Debenhams Group exploring £175m debt refinancing deal
Debenhams Group, formerly known as Boohoo, is in discussions to refinance up to £175m worth of debt, according to reports from The Telegraph. The online fashion company is reportedly looking to access the high yield market for £50m of the proposed total. Debenhams Group has also sounded out several asset-backed…
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9 May
Primark to expand into Middle East amid Alshaya partnership
Primark has confirmed plans to debut in the Middle East, in partnership with international retail franchise operator Alshaya Group. Primark and Alshaya have confirmed plans to open the first of its new stores before the end of 2025 across the Gulf Cooperation Council (GCC). This will start with Kuwait (The…
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7 May
Skechers to be acquired by 3G Capital for $9.42bn
Footwear brand Skechers has announced that it has agreed to be acquired by 3G Capital for $9.42bn (£7bn). The investment firm has offered $63 (£47) per share in cash, representing a premium of 30% to the company’s 15-day volume-weighted average stock price. The transaction includes the option for existing shareholders…
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2 May
Shein considers US restructure as tariffs derail London IPO
Shein is reportedly exploring ways to restructure its US business in an attempt to get around the US tariffs on China, putting its London IPO in question, according to reports from the Financial Times. The fast-fashion company’s US business will come under heavy strain when a tax exemption known as…
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