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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Dec- 2021 -21 December
ABG signs partnership with JD to expand Reebok presence
Authentic Brands Group (ABG) has announced a new strategic partnership with the JD Group (JD) that will see it carry Reebok apparel and footwear in more than 2,850 of its company owned stores and complementary e-commerce websites. The group said the agreement covers all the banners in the JD Group…
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21 December
Nike revenues remain flat in Q2
Nike has announced that revenues in its second quarter rose by 1% to $11.4bn (£8.6bn), remaining flat as it continued to manage the ongoing impact of supply chain challenges across the global marketplace. Revenues in Greater China and APLA declined, however, largely due to lower levels of available inventory resulting…
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20 December
Ted Baker confirms board changes amid death of chairman
Ted Baker has confirmed that a search is currently underway for a new chairman of the board. The search follows the sudden passing of previous chair John Barton on 6 December 2021. In the meantime, it was revealed that Helena Feltham will remain as interim chair. In addition, Andrew Jennings,…
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16 December
Boohoo warns higher return rates to impact FY22 profits
Boohoo has warned that “significantly” higher return rates will impact profits for the full-year ending 28 February 2022 making it “lower than previously guided”. In a recent trading update for the three months to 30 November 2021, the group said it now expects net sales growth for the full-year to…
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16 December
Shoe Zone opens new Southampton Store
Footwear retailer Shoe Zone has announced the opening of a new store in Southampton this winter. The store, located on 69 Above Bar Street, Southampton, opened its doors on 13 December. The new store will be running a selection of promotions and will stock popular brands such as Skechers, Lotus,…
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15 December
In The Style profit halves amid supply chain issues
In The Style has seen its profit halve in the six months ended 30 September 2021, falling by 51.3% as the group was hit by supply chain issues over the period. However, the group said there was “impressive growth” against the “exceptional” prior period, and saw revenue rise by 38.8%…
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14 December
Joules lowers H1 profit guidance amid global supply issues
Retailer Joules expects to report lower pre-tax profits for the 26-week period ending 28 November ranging from £2m to £2.5m, compared with last year’s result of £3.7m. The lower profit expectation was attributed to the “well-documented” global supply chain issues which have resulted in some higher costs and stock delays…
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14 December
Nike acquires RTFKT brand
Nike has announced it has acquired RTFKT, a brand that reportedly uses “cutting edge innovation” to deliver next generation collectibles that “merge culture and gaming”. Founded in 2020 by Benoit Pagotto, Chris Le and Steven Vasilev, RTFKT is said to “redefine the boundaries of physical and digital value to serve…
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10 December
Primark trading ‘ahead of expectations’ despite supply issues
Associated British Foods (ABF), the owners of Primark, has revealed that trading for the year to date is set to be “ahead of expectations”, despite recent disruptions across its supply chain. The retailer has reported improved like-for-like sales compared with the fourth quarter of the last financial year, but still…
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9 December
Dr Martens profits hit £61.3m in half-year results
Dr Martens has reported pre-tax profits soared by 46% to £61.3m in the six-month period ending 30 September. Revenue also grew 16% to £369.9m, up from £318.2m the previous year and was boosted by international channels. Meanwhile, EBITDA margin dropped slightly to 24% compared with 27.1% in 2020 and was…
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