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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Apr- 2022 -21 April
Hugo Boss to launch premium resale platform
Hugo Boss is set to launch its premium resale platform in the third quarter of 2022 where customers can buy pre-owned items. It will first be launched in France, with the platform planned to expand to Germany, the UK, and the US in 2025. The platform, ‘Hugo Boss Pre-Loved’ will…
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21 April
Zoa Rental continues growth with launch of two new rental brands
Zoa Rental has announced the launch of two new female-fashion brands, DCEY and Cloan, for its Spring/Summer 22 season. Zoa Rental, a UK based rental-as-a-service provider, launched in 2021 it now powers 7 UK rental services with more launches expected imminently. DCEY is Turkey’s leading fashion rental platform, and now…
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19 April
Sosandar appoints independent non-executive director
Sosandar, the online women’s fashion brand, has announced the appointment of Jon Wragg as an independent non-executive director with immediate effect. Wragg is a senior executive with experience in driving growth in consumer businesses through digital channels. He has worked with global brands across different product categories, with experience in…
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19 April
Next partners with finance firms to acquire Jojo Maman Bebe
Next has partnered with a group of finance firms headed by Davidson Kemper to acquire babywear retailer Jojo Maman Bebe for an undisclosed sum. According to BBC News, the deal will see Next acquire a 44% stake in the company with the remaining 56% to be managed by the finance…
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19 April
Brunello Cucinelli sees revenues rise 16.7% in Q1
Brunello Cucinelli has announced its net revenues have risen 16.7% at constant exchange rates to €196.9m (£163.1m) in Q1 2022 compared to the first quarter of 2021. Compared to Q1 2019, the year preceding the start of the pandemic, growth is +22.8%, with the fashion retailer outlining “significant” double-digit increases…
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13 April
Ted Baker confirms Sycamore to take part in sales process
Ted Baker has confirmed that US private equity service firm Sycamore Partners is to take part in its formal sales process. In an official statement, the retailer said that as such, Sycamore is no longer required under Rule 2.6(a) of the Code to announce, “either a firm intention to make…
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13 April
M&S partners with Hirestreet for new rental collection
M&S has launched a new clothing rental collection with Hirestreet in a move that marks the biggest ever retailer collaboration for the fashion rental platform. The Spring launch is the second drop of M&S products on the site. The partnership first launched in November 2021, and the latest collection follows…
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12 April
Asos swings to loss and predicts further £14m hit from Russia exit
Asos has revealed its pre-tax profits fell 115% year-on-year from £106.4m to a pre-tax loss of £15.8m in the six months to 28 February 2022 (H1 FY21). The company also said it is expected to take a further £14m hit following its decision to suspend sales in Russia, with revenue…
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11 April
Weird Fish freezes prices amid soaring inflation
UK lifestyle clothing brand Weird Fish has announced it is freezing prices for its spring/summer trading period in response to the rising cost of living pressures. The announcement comes as non-food retail inflation tipped its highest rate since 2011 in March at 1.5%, with consumers seeing their fifth consecutive month…
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11 April
Mothercare ups guidance but warns on impact of Russian closures
Mothercare has announced that EBITDA is now expected to be in the range of £11.5m to £12m for the year ended 26 March 2022, ahead of analysts’ expectations, despite warning of the effects of the closure of its business in Russia. The anticipated higher earnings are reportedly due to a…
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