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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Jun- 2021 -25 June
Asos to slash roles at Topshop
Asos is set to make a series of redundancies across the Topshop, Topman and Miss Selfridge brands, Drapers has revealed. The redundancies are reportedly set to affect around 38 employees across senior buying, established buying, design and merchandising. Sources told Drapers that the brand’s employees were informed of the plan…
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24 June
Lyle & Scott to open its first London store
Menswear brand Lyle & Scott has announced it is to open its first store in the UK, located at Wembley Park’s London Designer Outlet. The heritage label will occupy more than 800 sq ft in the fashion and lifestyle outlet centre, which will be the fashion retailer’s only outlet store…
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24 June
Seraphine confirms plans for £61m IPO
Maternity brand Seraphine has confirmed its upcoming float on the London Stock Exchange in an IPO that is expected to raise roughly £61m through newly issued shares. The float will also include sales shares sold by existing shareholders at the firm, including executive directors. The company plans to free float…
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23 June
Reformation to launch Covent Garden flagship
Sustainable fashion brand Reformation has agreed terms to launch a new London flagship store in Covent Garden. Opening at 27 King Street, the retailer’s latest flagship store follows from its first London site which opened in August 2019. Reformation was founded in 2009, and acts water, waste, and carbon neutral…
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23 June
Superdry to relocate Regent Street flagship
Clothing retailer Superdry is to relocate its London flagship store on Regent Street after agreeing to surrender its lease early. First reported by Drapers, Superdry exited its flagship, which it has inhabited since 2011, earlier this month and is now looking for a new site. Superdry is said to be…
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23 June
Joules expects FY21 profits to beat expectations amid sales boost
Joules has anticipated FY21 pre-tax profits to range between £5.5m and £6.5m, making it slightly ahead of its current market expectations of £5.2m to £5.3m. The news follows the retailers’ recent trading update for the financial year ended 30 May 2021, which saw revenue increased by 4% to approximately £199m…
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18 June
Sports Direct flagship store reopens following £10m refurbishment
Sports Direct has announced it will be reopening its flagship store in Oxford Street following a £10m refurbishment. The store recently underwent a complete overhaul with a modern, innovative, and sleek new look that brings the brand’s elevation strategy and fresh approach to the retail space. The store, which first…
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18 June
Usdaw urges Boohoo to engage in talks ahead of AGM
Retail trade union Usdaw said it has once again urged Boohoo to engage in talks to recognise the union ahead of the fashion giant’s AGM, which is set to take place later today (18 June). The union, which represents workers at Boohoo’s warehouse and call centre in Burnley, as well…
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17 June
Clarks to launch six new kids shop-in-shops
Clarks has announced that it will be launching six new kids shop-in shops from June 2021. The footwear retailer claimed that the new stores were in response to seeing an increased consumer demand when stores reopened in April. The spaces will be located at John Lewis stores throughout the UK,…
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17 June
N Brown returns to growth in Q1
N Brown saw a return to growth in Q1 FY22 as group revenues climbed 0.5% year-on-year to £168.7m during the period. Revenues at the retailer’s strategic brands, which included Jacamo, Simply Be, JD Williams, Ambrose Wilson, and Home Essentials, spiked 15.5% when compared to Q1 FY21. This has come as…
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