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.
-
Apr- 2021 -13 April
Quiz revenues plummet 66% amid store closures
Quiz has revealed that total revenues plummeted 66% to £39.7m in its FY21 trading update, as the fashion group was impacted by prolonged periods of store and concession closures. The group also cited the pandemic’s “detrimental” impact on demand for its trademark occasionwear, as social events and activities came to…
Read More » -
13 April
New Look appoints new chief technology officer
New Look has announced the appointment of Ed Alford to the newly created role of chief technology officer (CTO) with immediate effect. Alford brings over 20 years of international business experience in technology and joins the retailers executive team alongside Nigel Oddy (CEO), Richard Collyer (CFO), Clare Dobbie (chief customer…
Read More » -
12 April
Homebase announces Next partnership
Homebase has announced a new partnership with Next in which its gardening products will be brought to selection of the retailers stores. The partnership will see six Homebase garden centres open in Shoreham, Ipswich, Warrington, Camberley, Bristol and Sheffield Next stores. Homebase is also set to open more of its…
Read More » -
12 April
Tommy Hilfiger opens new stores in Scotland
Hammerson has announced the opening of two new Tommy Hilfiger stores in Scotland, at the retail estate investment company’s flagship destinations Silverburn, Glasgow, and Union Square, Aberdeen. The new sites will represent the fashion retailer’s return to the country as part of the brand’s expanding store portfolio in the UK.…
Read More » -
9 April
Zalando nominates Niklas Östberg to supervisory board
Retailer Zalando has announced that Niklas Östberg has been nominated to its supervisory board. Östberg is the current CEO and co-founder of Delivery Hero, he will succeed Jørgen Madsen Lindemann, who informed the nomination committee that he will not stand for re-election after serving as a member since 2016. Cristina…
Read More » -
9 April
Uniqlo owner sees H1 profits rise 13.7%
Uniqlo’s owner Fast Retailing saw its profit before income taxes climb 13.7% year-on-year to Y171.5bn (£1.1bn) for the six months ended 28 February 2021. The group has also reported a Y31bn (£207.8m) rise in operating profits for the period, increasing from Y136bn (£909.3m) in H1 2020 to Y167bn (£1.11bn) in…
Read More » -
9 April
Boohoo continues expansion with new warehouse deal
Boohoo has announced that following an exchange of contracts, it has agreed a long-term lease for a new warehouse in Daventry, in a bid to fuel further growth for the group. The site is due to become operational in the second quarter of the retailer’s financial year, and forms part…
Read More » -
9 April
Asos to raise £500m to aid global expansion
Asos has announced its intention to raise £500m via the placing of senior unsecured guaranteed convertible bonds through its wholly owned subsidiary Cornwall Jersey. The cash injection will be used to fund Asos’ global expansion strategy, as well as refinancing its acquisition of Topshop in February 2021. Issued at par,…
Read More » -
8 April
Weird Fish expands e-commerce operations
Lifestyle clothing brand Weird Fish has announced a shift in its sales channels to expand its online operations, following an 84% year-on-year growth to its e-commerce sales in 2020. The group also claimed that e-commerce sales have increased a further 354% year-on-year so far in 2021, with overall sales lifting…
Read More » -
8 April
Barbour sees pre-pandemic profits fall 8.4%
Global lifestyle brand J Barbour and Sons saw its profits fall 8.4% year-on-year to £28.5m for the year ended 30 April 2020. This occurred despite the group’s turnover increasing from £225.2m in FY 2019 to £242.8m the following year. Barbour also saw its operating profit decrease £3.3m to £35.1m during…
Read More »
