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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Oct- 2021 -13 October
Shoe Zone revenues fall to £119m in FY21
Shoe Zone has announced that group revenue dropped slightly to £119.1m in the full-year ending 2 October 2021, down from £122.6m in 2020 and £162m in 2019. This decline was largely attributed to the effects of the pandemic, which saw its store estate closed for 16 weeks in the first…
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11 October
Asos CEO steps down amid profit warning
Asos has announced that Nick Beighton will step down as CEO of the business after 12 years, as the group warned that ongoing supply chain issues may hit its profit in FY22. In a series of changes to the board, Mat Dunn, currently CFO, will take on the additional role…
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8 October
N Brown Group H1 profits hit £28.2m
Jacamo owner, N Brown Group, saw its pre-tax profits hit £28.2m for the six-months ended 28 August, rising from a profit of £14.1m the previous year, thanks to an ongoing strategic transformation in the period. Group revenue dropped slightly to £346.8m from £347.2m in 2020 as a result of Covid-29…
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6 October
Morrisons launches reusable halloween range
Morrisons has announced the launch of its reusable halloween costume range for children, with costumes that are made from 100% “responsibly sourced materials”. According to the retailer, most halloween costumes are bought once and then thrown away, with the majority made from plastic-based materials including polyester. Morrisons has said the…
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6 October
Asos unveils new global ad campaign
Asos has unveiled a new “broad reach”, multi-territory advertising campaign that is set to target its core twenty-something female customers. The three-month, seven figure, high frequency activity will run across VOD, social and programmatic channels in the UK, France and the US. The campaign has been developed by ASOS Creative…
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4 October
Boohoo appoints sustainability expert to board
Boohoo has appointed sustainability expert Kirsty Britz to its board as the latest non-executive director, with effect from today (4 October). She will become a member of the audit and risk committees on appointment. The online retail giant said her appointment brings additional expertise to the board, particularly in areas…
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Sep- 2021 -30 September
Boohoo profits dented in H1 despite ‘record’ sales
Boohoo has welcomed “record” first-half sales of £976m in the six months ending 31 August 2021. Despite this, profitability was slightly dented with adjusted EBITDA down by 5% to £85.1m. The group claimed that profitability was impacted by a number of “cost headwinds” driven by short-term factors largely relating to…
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30 September
M&S resets its sustainability programme
Marks and Spencer has reset its Plan A sustainability programme, with the company now focusing on “becoming a net zero Scope 3 business across its entire supply chain and products by 2040”. The retailer has set out a roadmap to net zero using “science-based targets aligned to the UN ambition…
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29 September
Quiz sees FY21 losses widen to £9.6m
Fashion retailer Quiz has seen its losses widen to £9.6m for the year ending 31 March 2021 compared with a previous year’s loss of £3.1m. Revenue also dropped by 66.4% to £39.7m from £118m in 2020 and reflects the impact of the prolonged lockdowns and curtailment of social occasions through…
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27 September
Seasalt exploring sale following strong summer
Fashion brand Seasalt is reportedly considering a sale following a period of strong sales during the summer boosted by the UK’s staycation boom. According to The Telegraph, the retailer is in early talks about bringing in new investors, with a potential deal leading to an exit for shareholders BGF and…
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