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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Jul- 2021 -27 July
In The Style return to profit in FY21
In The Style has reported pre-tax profits of £125,000 for the 12 months ended 31 March 2021, up from a previous year’s loss of £2.1m. Revenue also witnessed a sharp increase, rising by 132% to £44.7m up from £19.3m in 2020, benefiting from a 30% growth in customer website visits.…
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26 July
Skechers Q2 sales spike 127% to £1.2bn
Skechers has reported a 127.3% year-on-year increase in sales to $1.66bn (£1.2bn) for the three months ended 30 June 2021. The global footwear company’s record quarterly sales also represented a 31.7% jump from Q2 2019. The quarter also saw a return to net profit at the group, rising from a…
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22 July
Burberry opens flagship store in London
Burberry has announced the opening of its first flagship store which features the brand’s new global design concept, situated in Sloane Street, London. The store opening mirrors that of founder Thomas Burberry, who opened his first London store in the SW1 area 130 years ago, it still remains the home…
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20 July
Sosandar FY21 profits up 33%
Sosandar has revealed its gross profit for the year ended 31 March increased 33% to £5.8m from £4.4m the previous year, which was aided by a 40% increase in repeated orders. Revenue also grew by 35% to £12.2m from £9.03m with a particular nod to the first quarter which boasted…
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19 July
Weird Fish raises over £250k for charity
Clothing brand Weird Fish has announced that it has raised over £250,000 through its initiatives with charity partners including the RSPB and Battersea Dogs and Cats Home. The retailer began its partnership with wildlife conservation charity RSPB in 2015, and has since raised £174,000 through the sales of nearly 30,000…
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19 July
Puma profits hit £93m in Q2
Puma has reported that its profits hit €109m (£93m) in its second quarter of trading, up from a previous loss of €115m (£98) in 2020. The group noted that the increase was predominantly due to a range of new product launches, with “high sell-throughs” and strong growth across all regions,…
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16 July
Uniqlo lowers FY forecast amid Q3 ‘shortfall’
Fast Retailing, the owner of Uniqlo, has lowered its full year forecast due to a “shortfall” in its Q3 results. The group saw revenues rise 9.9% year-on-year to ¥1,698bn (£11.2bn), and gross profit increase by 14.4% to ¥859bn (£5.65bn) during the first three quarters of FY21. Nevertheless, the company revised…
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16 July
Burberry sales rebound in Q1
Burberry has welcomed a “strong” rebound in trading during its first quarter, as revenue soared by 86% to £479m in the period ended 26 June, 2021. Comparable store sales rocketed 90% against last year and by 1% against 2019, as sales across the business returned to pre-pandemic levels. Within these…
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15 July
Asos sales rise 26% despite Covid ‘uncertainty’
Asos has reported that total sales soared 26% to £1.24bn in the four months ended 30 June 2021, up from the £983.3m reported the previous year, as the retailer continued to attract more customers. Total group revenue also increased over the period, rising by 27% to £1.28bn, up from £1.01bn…
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14 July
Boohoo expands Debenhams presence in Middle East
Boohoo has announced a new partnership with Alshaya Group to build on the presence of Debenhams in the Middle East region. This partnership marks a further step as the group accelerates progress integrating and scaling the Debenhams brand. The Alshaya Group, which currently runs Debenhams stores in shopping malls, will…
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