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 -12 July
Quiz sales hit £17.3m amid online boost
Fashion retailer Quiz has revealed that total sales for the period between 1 April 2021 to 30 June 2021 hit £17.3m, up from £4.2m the prior year, which was consistent with the board’s expectations. The increase was attributed to sales rising in the group’s websites, which saw sales total £4.6m…
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12 July
L Brands approves Victoria’s Secret separation
L Brands has announced that it has approved the previously announced separation of Victoria’s Secret into an independent, publicly traded company. Trading as Victoria’s Secret and Co, the group will include Victoria’s Secret Lingerie, PINK, and Victoria’s Secret Beauty. Set to become effective on 2 August 2021, L Brands shareholders…
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8 July
Boden secures new executive chairman
Retailer Boden has announced the appointment of Glen T. Senk as the newest executive chairman replacing Julian Granville. Senk was previously the chief executive of URBN, the listed company which includes Anthropologie, Free People and namesake Urban Outfitters. He has been a non-executive director of Boden for four years, he…
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8 July
Asos reduces per order emissions by 21%
Asos has revealed that it has cut operational carbon emissions per order by 21% year-on-year for FY20. The reduction follows the group’s successful implementation of its carbon 2020 strategy introduced in January 2020. FY20’s progress now means that the reduction in emissions per order at the online fashion retailer stands…
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7 July
Boohoo owned Karen Millen secures new fashion director
Online retail group Boohoo, has appointed Lizzie Dawson as the latest fashion director for Karen Millen, Coast, Oasis and Warehouse. Prior to her move to Boohoo, Dawson worked at Topshop and Topman between November 2020 and February 2021 as a creative consultant. The group previously acquired the online businesses of…
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6 July
Reiss opens new store in London’s St Pancras
Reiss has revealed it is celebrating its 50th anniversary year with a “positive outlook on bricks-and-mortar retail” by opening a new store in London’s St Pancras. It is the fourth new opening this year for the fashion brand, following new openings in London’s Liverpool Street, Cannock in Staffordshire, and another…
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5 July
JD Sports completes DTLR Villa transfer for £364m
JD Sports has announced that it has completed the transfer of retail group, DTLR Villa, which is an existing 98.6% owned subsidiary based in the US, to Genesis Topco for a total consideration of $504.4m (£364m). The group said it had always intended for DTLR to be part of the…
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2 July
Weird Fish brings forward sustainability targets
UK lifestyle clothing brand Weird Fish has brought forward its ambitious sustainability targets of having 80% of its products using eco-friendly alternatives by 2023 to 2022, as more customers embrace its introduction of eco-friendly materials. Following the launch of its ‘The Only Way Is Ethics’ sustainability policy in 2019, in…
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2 July
Ralph and Russo bought out of administration
Ralph and Russo has been bought out of administration by Retail Ecommerce Ventures (REV), who made an undisclosed bid amount to acquire the business and assets of the UK-based luxury brand. Paul Appleton of Begbies Traynor Group and Andrew Andronikou of Quantuma Advisory, who were acting as joint administrators, conducted…
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1 July
JD Sports raises full-year outlook to £550m
JD Sports has increased its full-year profit outlook to “no less than” £550m, compared to £324m the previous year, after a period of solid trading since shops reopened after lockdown. In a trading update, JD Sports said business in the UK has been “particularly encouraging” following the retailer’s trading boost…
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