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 -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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26 January
ASOS and Anti-Slavery International sign new partnership
Asos has signed a new three-year partnership with Anti-Slavery International to support the company in delivering its Fashion with Integrity 2030 programme. Anti-Slavery International has been a partner with Asos since 2017, providing advice, guidance and critique on ethical trade and tackling modern slavery. Under the new agreement, Anti-Slavery International…
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21 January
N Brown EBITDA to come in at lower end as revenues remain flat
Fashion and homeware retailer N Brown has revealed it expects its group revenues to remain relatively flat for FY22, increasing 1.7% to £614.4m. The retailer said this comes in below previous expectations. Despite entering the trading period “well prepared”, and its clothing and footwear continuing its resurgence into Q3, with…
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20 January
Superdry H1 losses narrow despite dip in revenues
Superdry said it has been hit by the continued impact of Covid-19 as well as its move to a full-price trading stance, as revenue fell by 1.9% on a one-year basis and 24.9% on a two-year basis in the half-year ended 23 October 2021. Nonetheless, the fashion retailer ensured that…
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