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 -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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Oct- 2021 -25 October
Missguided seeks emergency funds amid supply chain crisis
Following the report from the Times, a spokesperson for Missguided told Retail Sector: “The weekend media reports regarding Missguided are not accurate – Rothschild continues to manage our investment process. “While we continue to talk to a range of parties as part of that process, this kind of incorrect speculation…
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22 October
JD Sports acquires sports retailer Cosmos
JD Sports has announced it has acquired 80% of the Greek sports retailer Cosmos Sport. The group was founded in Greece in 1982 by Fragiskos Tsiknakis, who continues to be active in the business. Since founding the business, he has handed over day-to-day operational responsibilities to his three sons, CEO…
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20 October
Burberry appoints new CEO
Burberry has announced the appointment of Jonathan Akeroyd as its newest CEO and executive director, effective 1 April 2022. He will succeed Marco Gobbetti who will step down from the role and leave the company on 31 December 2021. Akeroyd is currently the CEO of Milan-based Gianni Versace SpA, a…
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