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 -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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9 August
Levi Strauss acquires Beyond Yoga
Levi Strauss and Co (Levi’s) has announced the acquisition of premium athletic and lifestyle apparel brand Beyond Yoga for an undisclosed cash consideration. Following the expected close of the deal in Q4 FY21, Beyond Yoga will be brought to more consumers via brick and mortar retail, gender and category growth,…
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6 August
Matalan to create 200 jobs as part of Kickstart scheme
Matalan has announced that it will be creating over 200 placements across its business to assist young people in gaining long-term employment. The retailer will be taking part in the government’s £2bn Kickstart scheme, designed to support employment for 16 to 24-year olds by offering them industry qualifications and work…
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5 August
Adidas raises FY guidance amid 51% Q2 revenue growth
Adidas has reported a 51% year-on-year growth to group revenues of €5.08bn (£4.33bn) in the second quarter of FY21. The group also saw a return to a net income of over €387m (£330m), up from Q2 FY20’s €243m (£207m) net losses. In turn, the multinational company has increased its top…
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