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.
-
May- 2022 -18 May
Burberry lowers FY23 forecast despite record revenues
Burberry has lowered its FY23 forecast as it expects a currency tailwind of £159m on revenues and £92m on adjusted operating profit, despite hailing record revenues in FY22. The group announced revenues surged 21% year-on-year from £2.34bn to £2.82bn for the 53 weeks ending 2 April 2022, against a backdrop…
Read More » -
17 May
JD Williams launches sustainable clothing range
JD Williams, a strategic brand within N Brown Group plc, has announced the launch of its sustainable, own-brand clothing range, Anise. The women’s clothing collection has been designed in-house, and it has been created to enable JD Williams customers to add more sustainable clothing options to their wardrobes, without compromising…
Read More » -
16 May
Woolwich Shoe Zone to reopen after refit
Shoe Zone is set to reopen its Woolwich store on 27 May after it closed for a month to undergo a modern refit to improve customers’ shopping experience. Located on the partially pedestrianised Powis Street, the refitted store will stock brands such as Lotus, Heavenly Feet, Jana Softline, S Oliver…
Read More » -
16 May
Next faces investor backlash over CEO bonus
Next plc is facing a potential backlash from the Institutional Voting Information Service (IVIS) as the retailer’s chief executive, Simon Wolfson, has received the highest pay since 2015, while benefiting from government support. According to the Guardian, the Institutional Voting Information Service (IVIS), which is part of the Investment Association…
Read More » -
13 May
Adidas ads featuring nudity banned over ‘widespread offence’
The Advertising Standards Agency (ASA) has banned adverts from a recent Adidas campaign after ruling that the images featured were “likely to cause widespread offence”. The campaign for sports bras included a tweet on Adidas’ twitter account that showed the bare breasts of 20 women of various skin colours, shapes…
Read More » -
13 May
Inditex and Infinited Fiber Company announce £100m partnership
Inditex and Infinited Fiber Company have announced a new partnership with the goal of advancing new and innovative technologies towards textile-to-textile circular loop. At the core of this partnership is Inditex´s three-year commitment to buy 30% of Infinited Fiber Company’s annual future production volume of Infinna, a textile fibre that…
Read More » -
12 May
Hotter Shoes boosts Unbound Group’s Q1
The Unbound Group, which owns a stable of brands aimed at the 55+ demographic, has hailed a strong performance from its footwear brand Hotter Shoes for its Q1 period ending 4 February. The retail group said Hotter delivered a double-digit increase in revenue against the comparator period last year as…
Read More » -
12 May
Superdry revenues bounce back as physical trading returns
Superdry has announced its FY22 revenues surged 59.8% year-on-year to £224.5m as Covid-related store closures and restrictions were lifted in the company’s key markets. However, this is down 21.8% compared to pre-Covid levels as footfall still remains “significantly” below pre-Covid levels. Overall, group revenue increased 8% to £600m, although this…
Read More » -
12 May
JD Sports warns of headwinds despite sales hike
JD Sports has said it remains “conscious” of headwinds in the retail sector, despite reporting higher sales in recent weeks. Total sales in its like-for-like businesses rose by 5% against last year in the first 14 weeks ended 7 May 2022. The retailer said this was a “positive reflection of…
Read More » -
11 May
Ikks Paris makes UK debut
French fashion and lifestyle brand, IKKS Paris, has marked its UK debut with the company’s first flagship in the country set to open on Carnaby Street this month. The 2,610 square foot store spans two floors with a full collection of womenswear, menswear, and kidswear. It comprises a lounge area…
Read More »
