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.
-
Jan- 2021 -18 January
H&M partners with Simone Rocha
H&M has announced its partnering with Simone Rocha, the Irish designer known for celebrating her inter-ethnic heritage, on an upcoming collection. The collaboration will see the designer’s signature tagged on womenswear, menswear and clothing for children. The new collection is set to launch on 11 March 2021, which will also…
Read More » -
18 January
Dr. Martens to float on London Stock Exchange
Dr. Martens has announced its intention to float on the London Stock Exchange, with admission currently expected to occur in early February 2021. The shoe retailer has confirmed its plans to apply for admission of the company’s shares to the premium listing segment of the Official List of the FCA.…
Read More » -
14 January
Boohoo raises guidance as revenue soars
Boohoo has welcomed a period of “strong” trading towards the end of last year, with revenue soaring by 40% to £661m in the four months ended 31 December 2020. In light of this trading performance, it now expects group revenue growth for the financial year to 28 February 2021 to…
Read More » -
14 January
Primark predicts £1.1bn sales loss amid store closures
AB Foods, the owner of clothing retailer Primark, has issued a warning of a hit from lost retail sales of more than £1.1bn, if Covid-19 lockdowns continue through to the end of February. Currently, 305 of its 389 shops around the world are closed which is expected to cost £1.1bn…
Read More » -
13 January
2,000 Edinburgh Woollen Mill jobs saved in rescue deal
Around 2,000 jobs are to be saved at Philip Day’s Edinburgh Woollen Mill Group after international investors agreed a deal to acquire Edinburgh Woollen Mill, Ponden Homes and Bonmarche. FRP advisory confirmed that the joint administrators to The Edinburgh Woollen Mill Limited (t/a The Edinburgh Woollen Mill) and Duvetco Limited…
Read More » -
13 January
Sosandar reports revenue growth of 6% in Q3
Sosandar, the women’s fashion retailer, has reported strong sales growth in its third quarter, confirming a revenue growth of 6% to £3.98m in the period. In its latest trading update, the retailer also announced that EBITDA loss was reduced by around 60% compared to the same period in the previous…
Read More » -
11 January
Buyer found for Edinburgh Woollen Mill
FRP Advisory, the administrator to clothing retailer Edinburgh Woollen Mill, has accepted a rescue offer that could save a number of jobs at the group. According to the Times, sale contracts have been issued to the potential buyer, who remains unnamed, although the deal is reportedly likely to save only…
Read More » -
11 January
JD Sports raises profit forecast to £400m
JD Sports has announced that its headline profit-before-tax for the full year to 30 January 2021 will be “significantly ahead” of the current market expectation of £295m to at least £400m for the full year. The news follows the fashion retailers Christmas trading update which showed that total revenues, on…
Read More » -
8 January
Matchesfashion hit by £5.9m loss
Luxury retailer, Matchesfashion has announced a major loss of £5.9m for the financial year ended 31 January 2020. A report filed at Companies House found that while revenue soared to over £430m for the period, compared to £372m the previous year, the cost of sales, administrations, and distribution outweighed the…
Read More » -
7 January
Wolverine World Wide appoints president of global operations group
Wolverine World Wide has announced the appointment of Jim Zwiers as president of the global operations group, succeeding Mike Jeppeson. Founded in 1883, Wolverine World Wide has been a provider of branded, active lifestyle, work, outdoor sport, athletic, children’s and uniform footwear and apparel around the world. Zwiers will concurrently…
Read More »
