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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Jan- 2022 -13 January
M&S raises profit forecast to £500m
The Marks and Spencer Group (M&S) has raised its full year pre-tax profits forecast to £500m, following an 18.6% year-on-year rise in total UK sales for the 13 Weeks ending 1 January 2022. The group’s clothing and home sales surged 37.7% and food sales increased by 10%, with sales excluding…
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13 January
Asos to move to main stock market amid sales boost
Asos has announced its intention to move to London Stock Exchange’s Main Market at the end of February 2022 after recording “robust” sales for the four months ended 31 December 2021. During the period, revenue grew 5% to £1.4bn, up from £1.36bn the previous year. As a result, the retailer…
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12 January
JD Sports raises profit forecast to £875m
JD Sports Fashion Plc has raised its pre-tax profits forecast to an average £875m for the full year to 29 January 2022, compared to the previous expectation of £810m, due to “sustained” consumer demand through the second half of the year. Additionally, total like-for-like revenues were more than 10% ahead…
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12 January
Weird Fish nearly doubles YoY revenue in 2021
UK lifestyle clothing brand Weird Fish has reported that its overall ecommerce revenue nearly doubled year-on-year as it took £21m in 2021, compared to £12m in 2020. It comes as it reported revenues of £7m online in November alone, more than the whole of 2019, after “ramping up its digital…
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11 January
The Very Group appoints non-executive chair
The Very Group has appointed Dirk Van den Berghe, former Walmart executive vice president and regional chief executive for Asia, as its non-executive chair. In his most recent executive roles with Walmart, Berghe was responsible for Walmart’s business in Canada, China, India and Japan. He also oversaw Walmart Global Sourcing,…
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11 January
Very Group sales spike 22% over festive period
The Very Group has welcomed a period of “strong” trading in the run-up to Christmas, with sales increasing 21.9% in the seven-week period ended 24 December 2021. In light of the effects of the pandemic last Christmas, its latest results were given against its sales two years ago. As more…
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11 January
Shoe Zone returns to profitability in FY21
Shoe Zone has returned to profitability during the 52-week period ended 2 October 2021, as the retailer saw pre-tax profits grow to £9.5m, up from a £14.6m loss the previous year. However, it reported that revenue dipped slightly to £119.1m, down from £122.6m in FY20, as a result of disrupted…
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7 January
Sosandar reports record Q3 revenues
Sosandar has hailed a “record” Q3 with revenues up 22% year-on-year, its first EBITDA positive quarter and trading in line with the recently upgraded market expectations. For the three-month period ending 31 December 2021, revenues increased to £8.85m as its active customers increased by 62% year-on-year to 213,715. The retailers…
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6 January
Next Christmas sales beat outlook by £70m
Next has revealed that during the peak Christmas period to 25 December 2021, the retailer recorded £70m more sales than previously expected. As a result of the uptake in sales, the group has increased its full-year pre-tax guidance by £22m to £822m. The group was originally expecting sales growth in…
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Dec- 2021 -22 December
Maje welcomes new CEO
SMCP, the parent company of Sandro, Maje, Claudie Pierlot and Fursac, has announced the appointment of Charlotte Tasset Ferrec as chief executive officer of Maje, with effect from January 4, 2022. The move follows the appointment of Isabelle Guichot as chief executive officer of SMCP. Tasset Ferrec, 48, joins Maje…
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