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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Jun- 2022 -8 June
N Brown revenue hits £43.1m in FY22
N Brown has welcomed a resilient year of trading in FY22, with a sustained growth in customer numbers as pre-tax profit hit £43.1m against £29.4m the prior year. Despite revenue dipping slightly to £715.7m, down from the £728.8m reported in FY21, EBITDA was also higher, rising from £84.9m to £95m.…
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7 June
Ted Baker’s preferred bidder backs out of deal
The proposed sale of Ted Baker has been thrown into doubt after it confirmed the board’s preferred bidder has backed away from a deal. The company, which has not named its bidder, was “informed by the preferred counterparty last night that it did not intend to proceed with an offer…
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7 June
JD Sports faces fine over price-fixing allegations
JD Sports is facing a potential fine after the CMA provisionally found that the group, alongside Elite Sports and Rangers Football Club, broke competition law by fixing the retail price of Rangers FC merchandise. The regulator alleged that JD Sports and Elite Sports fixed the prices of a “number” of…
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6 June
Asos lines up commercial officer for CEO role
Asos is reportedly set to name José Antonio Ramos Calamonte as its new CEO following the departure of Nick Beighton from the role last year. Ramos Calamonte, the current chief commercial officer at Asos, is now said to be the frontrunner for the role, according to The Sunday Times. The…
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1 June
Abercrombie & Fitch launches 2022 Pride collection
Abercrombie and Fitch has announced the launch of its 2022 Pride collection in collaboration with The Trevor Project, for both the Abercrombie and Fitch and Abercrombie kids brands, marking the third co-designed collaboration between the two organisations. The gender-inclusive adult collection features t-shirts, shorts, hoodies, jackets, sandals, hats, and socks.…
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1 June
Dr Martens profits surge to £214m amid record sales
Dr Martens has hailed a set of “record results” for the full-year period ending 30 March 2022 with its adjusted pre-tax profits surging 43% to £214.3m, after it revealed it sold “more pairs of boots, shoes, and sandals than at any time in its 62-year history”. The footwear brand, founded…
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1 June
Frasers Group buys Missguided out of administration for £20m
Frasers Group plc has bought online women’s fashion retailer, Missguided, out of administration for a cash consideration of £20m. The group has acquired certain intellectual property of Missguided Limited (in administration), Mennace Limited (in administration) and Missguided (IP). Following the completion of the sale, the business will be operated by…
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May- 2022 -31 May
Missguided collapses into administration, 140 jobs at risk
Online fashion retailer, Missguided, has fallen into administration after failing to secure a rescue bid for the company. According to the Guardian, the collapse puts approximately 140 jobs at risk, with over 80 employees having reportedly been made redundant immediately. Teneo Financial Advisory revealed Dan Smith, Daniel Butters and Benji…
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27 May
In The Style raises £500k for Bowelbabe Fund
In The Style has raised half a million pounds in aid of The Bowelbabe Fund for Cancer Research UK. The group said the funds were raised through the sale of the Dame Deborah James ‘Rebellious Hope’ t-shirt, the first item to be unveiled from the Dame Deborah James collection, as…
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27 May
Ted Baker losses narrow as sales boosted by return of social events
Ted Baker has seen its losses narrow to £44.1m for the 52 weeks ended 29 January 2022, up from a loss of £107.7m the previous year. The improved performance comes as group revenues increased 20% to £428.2m, up from £355.3m, as the retailer said sales were “supported by a steady…
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