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 -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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17 June
Maternity brand Seraphine considering float on LSE
Maternity brand Seraphine has confirmed it is considering plans to float on the London Stock Exchange’s main market for listed securities. The company, which was founded in 2002, has submitted an application via its holding company, Kensington Topco Limited, for approval to the FCA. The group, which will be known…
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17 June
Dr Martens profits drop 30% amid IPO related costs
Footwear retailer, Dr Martens has revealed that its profit before tax dropped 30% to £70.9m from £101m for the year ended 31 March 2021 which was attributed to the £80.5m cost related to its London Stock Exchange IPO. Profit was also impacted by the group’s repayment of £1.3m in furlough…
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15 June
H&M sales soar 75% in Q2
H&M has reported a quarterly turnover rise from the year before as Covid-19 restrictions continue to ease, despite overall revenue remaining below 2019 levels. In the second quarter of 2021, the retail group reported a net sales increase of 75% in local currencies compared with the same period last year.…
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