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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Nov- 2021 -10 November
Shoe Zone expands footprint in Kent
Shoe Zone is set to expand its presence in Kent through the opening of a new store in Tonbridge on 26 November 2021. The latest site will be located at the Pavilion Shopping Centre, and will open its doors just ahead of Black Friday. The Tonbridge store will supply shoes…
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10 November
Asos to detail growth plans following Beighton departure
Asos is set to detail plans on how it will deliver on its recently announced medium-term targets to analysts and investors at its Capital Markets Day later today (10 November). Asos said it will reveal how it aims to build on its performance over the longer-term, and “provide greater detail…
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9 November
Primark plans global expansion despite sales slump
Primark has seen like-for-like sales fall by 12% in its latest full-year results, as ongoing store closures and trading restrictions “inevitably” led to a “significant” loss of sales and profit in the period. While its parent group, Associated British Foods (ABF), said there was “no doubt” that Primark was “seen…
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8 November
Asos opens new £90m warehouse, creating 2,000 new jobs
Online fashion retailer, Asos, has announced the opening of its new £90m fulfilment centre in Lichfield, Staffordshire which will serve customers in the UK and in over 150 countries around the world. The facility at Fradley Park will employ 2,000 people over the next three years. It is being managed…
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4 November
Superdry welcomes strong Autumn trading
Superdry has welcomed an “encouraging” start to its Autumn trading season, with revenue up by 8.8% against last year in the eight weeks to 23 October, and by 17.2% against the same period in FY20. While the group welcomed an improvement in its retail channel performance across the eight-week period,…
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4 November
JD expresses frustration over CMA’s ruling to sell Footasylum
JD Sports Fashion Plc has expressed its frustration after the announcement earlier today from the Competition and Markets Authority (CMA) that it must sell Footasylum Limited. It claimed this is “the first time ever” that the CMA (including its predecessors) has decided to block or remedy a deal between competitors…
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3 November
Next predicts sales slowdown as supply chain issues continue
Next has warned that it expects its sales growth to slow throughout the remainder of the year as pent‐up demand begins to diminish and supply chain problems continue to affect trade. Despite stock availability improving, the retailer said it still remains a “challenge”, with delays in the international supply chain…
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3 November
Depop confirms climate neutral status
Depop has announced it has been certified as a climate neutral company for the first time by climate solutions provider South Pole. The company said this “confirms that the company has successfully offset all material sources of scope 1-3 greenhouse gas emissions”. Depop has been retroactively offsetting greenhouse gas emissions…
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2 November
French Connection shareholders green light £29m takeover
French Connection has confirmed its shareholders have agreed to the £29m sale of the company to MIP Holdings. The offer comes from one of the company’s biggest shareholders, Apinder Singh Ghura, who in February acquired a 25% stake in the business from Mike Ashley’s Frasers Group. For the takeover Ghura…
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2 November
Shoe Zone raises FY21 profit guidance amid ‘better than expected’ trading
Shoe Zone has raised its pre-tax profit expectations for the full-year ending 2 October 2021 after seeing “better than expected” underlying trading. The retailer told shareholders that it now expects profits for the 52-week period to range between £9m and £10m up from a previous guide of £6.5m. In addition,…
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