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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Aug- 2021 -20 August
Asda to stock Missguided brand through new partnership
George at Asda has launched a partnership with online fashion brand Missguided that will see the brand be sold in 100 stores and online via George.com. As of 16 August, the retailer now offers a selection of dresses, blouses and co-ords in stores as part of George’s wider strategy to…
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18 August
Monsoon Accessorize to continue trust support in Afghanistan
Monsoon Accessorize has confirmed that the Monsoon Accessorize Trust will continue to support education projects and communities in Afghanistan following the Taliban’s takeover of the country this past week. The trust has been supporting women and children’s education projects in Kabul for over 20 years, most recently committing to fund…
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18 August
Bravissimo FY20 revenues plummet 30.5%
Lingerie retailer Bravissimo has reported a 30.5% year-on-year decline in group revenues to £41.9m in FY20. The group also saw losses before tax widen to £4.4m for the year to 31 October 2021, up from losses of £628,000 the previous year. Net assets also decreased from £14.7m to £10m in…
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16 August
Rip Curl appoints new CEO
Rip Curl, the retailer of surfing sportswear, has announced the appointment of Brooke Farris as chief executive officer. The news follows the previously announced promotion of Michael Daly from this role to group chief executive officer and managing director of Kathmandu Holdings Limited. Farris will report directly to Daly within…
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16 August
M&S to grow ‘brands at M&S’ portfolio by six
Marks and Spencer has named six additional clothing and footwear brands that will become available via the group’s website within the coming weeks. Albaray, Celtic and Co, Craghoppers, Fat Face, Frugi, and Jones Bootmaker will be stocked as a part of the retailer’s plans to “curate a platform of brands”…
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16 August
Jack Wills founder to relaunch Aubin with Next support
The founder of Jack Wills is reportedly set to relaunch the menswear brand Aubin in partnership with Next. According to The Times, Peter Williams’ Jack Wills “offshoot” will begin trading through its first new high street shop in Soho, while also selling online. Next will take a 33% stake in…
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12 August
Gerry Weber sees H1 sales fall 23.4% to £91m
Women’s fashion brand Gerry Weber saw group sales fall 23.4% year-on-year to €107.7m (£91.2m) in H1 FY21. Gross profits at the group also declined 18% to 67.3m for the six month period, compared to H1 FY20’s €81.6m (£69.1m). However, due to lower costs in the period, the fashion retailer reduced…
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12 August
Boohoo to create 5,000 new jobs over five-year period
Boohoo Group has outlined plans to create 5,000 new jobs off the back of a £500m investment programme across the UK over the next five years. The investment will help the company continue with its growth since launching 15 years ago, expanding from a single brand in 2006 to a…
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11 August
The Very Group raises £575m amid ‘strong’ investor demand
The Very Group has announced that it has raised £575m through the issuing of senior secured notes which are due in 2026. The retailer said that the 6.50% notes were rated “B3 stable” by the investor service Moody’s and attracted “strong demand” from investors, with an orderbook at the final…
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9 August
BT set to poach Asos chairman
The chairman of Asos, Adam Crozier is reportedly planning on jumping ship over to BT to take up the same role at the company, according to The Sunday Times. The appointment follows the decision by BT to roll out “full-fibre broadband” to 25 million premises by 2026, having received “favourable…
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