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.
-
Jan- 2022 -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…
Read More » -
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,…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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,…
Read More »
