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 -7 September
Ted Baker Q2 revenues rise 50%
Ted Baker has reported that a 50% YOY increase in group revenues for the 16-week period from 25 April 2021 to 14 August 2021, as the company snapped back from the material negative impact of Covid-19. Trading momentum continued to build through the period, with the last four-week exit rate…
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3 September
Tapestry adds Unilever president to board of directors
Tapestry, a global house of brands which includes Coach, Kate Spade New York and Stuart Weitzman, has announced that Hanneke Faber has been appointed to its board of directors. The appointment of Faber to the board brings the membership to eleven, including ten independent directors. Faber currently serves as president,…
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2 September
CMA blocks JD Sports’ Footasylum merger deal
JD Sports could be required to sell Footasylum after its merger was recently blocked by the Competition and Markets Authority (CMA) on the grounds that it could lead to a “worse deal” for shoppers. The CMA’s latest decision to block the merger, comes after its first attempt in May 2020,…
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Aug- 2021 -26 August
Frasers to open new Flannels store in Livingston
The Frasers Group will open a new Flannels store at the Centre shopping centre in Livingston, after committing to take 17,500 sq ft of space with a trading space of 11,000 sq ft across two floors. The Centre, is a c.856,000 sq ft, 160-unit shopping centre in the Scottish town…
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24 August
Hotter Shoes H1 sales climb 25%
Electra Private Equity has revealed that Hotter Shoes’ total sales increased 25% year-on-year in H1 FY22. The footwear retailer also saw UK direct to consumer sales jump 39% year-on-year in the period to July 2021. Hotter’s overall gross margin in the first half of FY22 climbed from 53% in H1…
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23 August
Gerry Weber appoints first female CEO
Gerry Weber has announced that it has appointed its first female CEO Angelika Schindler-Obenhaus to the group. Schindler-Obenhaus succeeds Alexander Gedat who took over the role on an interim basis in February 2020. She has been a member of the managing board since August 2020 and now forms a dual…
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23 August
Asos hunts for fifth warehouse to improve delivery capacity
Asos is reportedly planning to open a fifth warehouse in continental Europe in a bid to improve its home delivery capacity, according to The Telegraph. The online giant is said to have told investors of the plan this month, and is reportedly in the “early planning stages” of setting up…
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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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