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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Feb- 2022 -8 February
Frasers Group to open new Sports Direct flagship in Manchester
Mike Ashley’s Frasers Group has unveiled plans to open a 50,000sq. ft Sports Direct flagship in Manchester city centre, as part of the group’s strategic flagship roll out. The store will open in The Arndale shopping centre in late 2022 and will house Sports Direct, USC, Evans Cycles and Game…
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7 February
Abercrombie & Fitch’s Gilly Hicks to debut its first UK store
Shaftesbury has announced the opening of Gilly Hicks’ first UK standalone store on 39 Carnaby Street, which is set to open in spring. Gilly Hicks is a brand in the Abercrombie and Fitch Co. portfolio that offers underwear, loungewear and activewear, and the announcement comes as the company is reintroducing…
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2 February
Prada appoints two new independent non-executive directors
Prada has announced the appointment of Pamela Culpepper and Anna Maria Rugarli as independent non-executive directors, taking the board up to a total of 11 members. Culpepper and Rugarli were reportedly selected for their professional background in ESG and in accordance with the Diversity Policy of the board of directors. …
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2 February
Influencer activewear brand Tala raises £4.2m
Tala, the sustainable activewear brand founded by fitness entrepreneur Grace Beverley, has announced that it has raised £4.2m in funding co-led by Active Partners and Venrex. Additional participants in the oversubscribed round include Pembroke VCT, as well as angel investors including Nicola Kilner (CEO and founder, Deciem), Michelle Kennedy (CEO…
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1 February
Joules lowers profit forecast amid Covid and supply chain disruptions
Joules has reported its pre-tax profits fell to £2.6m in the six months ending 28 November 2021 (FY22), compared to £3.7m in FY21. The group announced that pre-tax profits for the full year is now expected to be £5m, down from the £10m to £12m previously forecast. Meanwhile, revenues hit…
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Jan- 2022 -31 January
Net-a-Porter president joins Lululemon board of directors
Lululemon athletica inc. has announced that Alison Loehnis, president of luxury and fashion at Yoox Net-a-Porter, has been appointed to serve on its board of directors, effective immediately. At Yoox Net-a-Porter, an online luxury and fashion retailer, Loehnis is responsible for Net-a-Porter, Mr. Porter and The Outnet businesses. She has…
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28 January
Adidas set to hire 2,800 new employees in 2022
Adidas has announced plans to hire 2,800 new employees this year at 307 of its locations in 47 countries. The majority of the new employees, more than 900 people, will be deployed in the Adidas retail stores. Adidas is also filling more than 500 positions in the areas of digital,…
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28 January
H&M aims to double sales by 2030 as FY21 profit soars
H&M Group has announced that profit after financial items increased almost sevenfold in its latest full-year results, rising to SEK14.3bn (£1.13bn) against the SEK2bn (£158m) reported last year. It comes as the group pledged that by 2030 “at latest”, it will aim to double sales while at the same time…
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27 January
Dr Martens Q3 revenues hit £307m
Dr Martens has reported revenue growth of 11% to £307m for the three months ending 31 December 2021 (Q3 FY22), up 21% on a two-year basis which is reportedly in line with the company’s expectations. Total group revenues for the full year rose by 14% to £676.9m, with direct to…
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27 January
Busby & Fox partners with Brightpearl
Clothing brand Busby and Fox has signed up with omnichannel retail system Brightpearl. The Devon-based company will now utilise Brightpearl’s features, including an automation Engine, advanced reporting functionality and demand planner tool, to “expand their digital presence”. It comes after Brightpearl was recently acquired by accountancy group Sage. After opening…
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