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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Sep- 2021 -15 September
Zara owner sees H1 net profits reach £1.08bn
Inditex, the owners of fashion chain Zara, has revealed it has returned to profit following the negative impact of the Covid-19 pandemic, posting net profits of €1.27bn (£1.08bn) for the first half of the year ended 31 July 2021. The high profit intake compares with a previous year’s loss of…
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14 September
JD Sports H1 profits soar to £440m
JD Sports has seen its profits before tax and exceptional items soar to £439.5m in H1 FY21, up from £61.9m in the same period of FY20 and £158.6m in FY19. The sports fashion retailer reported a 52.7% year-on-year climb in group revenues to £3.89bn in the 26-week period ended 31…
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13 September
Columbia Sportswear appoints new Mountain Hardwear president
Columbia Sportswear Company has announced the appointment of Troy Sicotte as president of its Mountain Hardwear brand. Sicotte previously served as vice president of sales for the past three years. Sicotte co-led the team with Mike Parker during the search for president, and will now take the reins. Craig Zanon,…
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13 September
Primark Q4 operating profits to beat expectations despite sales fall
Associated British Foods (AB Foods) has announced that Primark will beat its Q4 FY21 adjusted operating profit expectations, as the group’s H2 retail sales are set to hit £3.4bn. In a trading update, the group claimed that while Primark’s sales for the year ended 18 September were “lower than expected”,…
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10 September
Tod’s sees profits reach €65m in H1
Tod’s, the shoewear company, has reported an EBITDA of €65m (£55m), with a 16.3% margin on sales in the first half of 2021. This compares to a €18.7m (£16m) operating loss in the first half of 2020. Compared to the pre-pandemic situation in the first half of 2019, the company…
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10 September
Lululemon Q2 net revenues top £1bn
Lululemon Athletica, the multinational athletic apparel retailer, has revealed its net revenues soared 61% year-on-year to $1.45bn (£1.04bn) in Q2 FY21. The net global revenues for the first quarter of the financial year ended 31 January 2022 also represented a 64.2% rise from 2019’s levels. The Vancouver-based retailer also reported…
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9 September
JD Sports eyes Missguided takeover
JD Sports Fashion is reportedly considering an investment into Missguided which could lead to an “outright takeover” of the online fashion business, according to Sky News. It is thought to be one business amongst a “number of parties” that are in talks to take over the brand. The group’s proposal…
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8 September
John Lewis expands Anyday range to include fashion
John Lewis has announced that from 13 September it is extending its Anyday own brand range to include menswear, womenswear and childrenswear, following the brand’s successful launch in home, technology and nursery in April this year. From this Autumn/Winter, with the introduction of fashion and newness in home, the brand…
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8 September
VF Corporation’s Veronica Wu departs board role
The VF Corporation has announced that Veronica Wu has decided to step down from her role on the company’s board of directors, effective immediately. The company stated that “Ms. Wu’s decision to step down from the board was not the result of any disagreement with VF on any matter relating…
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7 September
Ralph Lauren enters digital fashion with Zepeto partnership
Ralph Lauren has announced its collaboration with Zepeto, the global social networking and avatar simulation app, allowing users to wardrobe their 3D avatars with exclusive products. In the partnership, Ralph Lauren apparel is reimagined for the digital world of Zepeto, where users can immerse themselves in a virtual world with…
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