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 -1 December
Zara owner names new chairwoman
Zara owner Inditex has announced the appointment of Marta Ortega Pérez, the daughter of the company’s founder, Amancio Ortega, as its newest chairwoman with effect 1 April 2022. Pérez takes over from Pablo Isla who has led the company for 17 years, firstly as deputy chairman and CEO since 2005…
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Nov- 2021 -29 November
Shoe Zone set to open Big Box store in Barnstaple
Footwear retailer Shoe Zone has announced it is set to open a new store in Barnstaple, Devon, on 4 December. Shoe Zone operates from a portfolio of around 400 stores and has approximately 3,000 employees across the UK. It revealed Debbie Cook has been appointed as store manager, with the…
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25 November
Mothercare swings to profit in half-year results
Mothercare has welcomed a return to profit in its latest half-year results, reporting a pre-tax profit of £3.6m in the period ended 25 September 2021, up from a loss of £13.2m the prior year. It comes as the group said it had put initiatives in place to help improve its…
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24 November
M&S acquires 25% stake in Nobody’s Child
Marks and Spencer has announced it is furthering its partnership with Nobody’s Child by investing in a 25% stake in the clothing brand, following a “positive first year of working together”. While Nobody’s Child will continue to operate independently, it will now be able to use M&S’s investment and infrastructure…
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24 November
Gap cuts 2021 guidance as supply chain woes dent sales
Gap has lowered its full-year guidance after it revealed supply chain disruption has dented its Q3 sales and led to higher expenses. In a trading update for the quarter, Gap said it now expects revenues to grow around 20% for the year compared with previous estimations of 30%. It also…
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12 November
Reiss partners with Castore for new collection
Reiss has partnered with activewear experts Castore to create a new collection designed for “before, during and after sports practices”. The 32-piece menswear collection is cut from Castore’s materials and assembled with their manufacturing, with the sartorial elements inspired by Reiss. The collection includes a water, wind and dirt-resistant lightweight…
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11 November
Ted Baker sees H1 losses narrow to £25.3m
Ted Baker has revealed that its pre-tax losses have narrowed to £25.3m for the 28 weeks ended 14 August 2021 from £86.4m the previous year. The narrowing was boosted by “strong” retail sales with group revenue growing to £199.3m from £169.5m in 2020. Retail sales including e-commerce were up 10.4%…
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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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