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.
-
Mar- 2025 -18 March
Select Fashion nears collapse, 35 stores to close
Select Fashion is reportedly on the verge of collapse, with 35 stores set to close if it falls into liquidation. According to documents seen by The Sun, the clothing brand has drafted in advisers from Moorfields to oversee the liquidation of the business. Directors at the brand reportedly said Select…
Read More » -
17 March
New Look to open new concept store at Bluewater
New Look is set to relocate to a new 12,120 sq foot concept store at Bluewater. The new store will open on 3 April and will be located on the Upper Thames Walk. It will feature New Look’s first omni-hub space, integrating new initiatives including digital inspiration, showrooms and displays. …
Read More » -
12 March
Zara owner Inditex sees sales and profits surge in FY24
Inditex, the owner of Zara, has hailed its “robust” full-year performance after sales rose by 10.5% to €38.6bn (£32.5bn) in 2024, following “very satisfactory” trading both in stores and online.The group, which also owns brands including Pull and Bear and Bershka, reported profit-before-tax rose by 10.3% to €7.6bn (£6.4bn) while…
Read More » -
12 March
Stella McCartney profits and revenues plummet in FY23
Stella McCartney has seen a decline in profits and revenues, as its losses widened from £10m to £24.68m in FY23, while revenues fell from £40.06m to £21.9m. The group stated that in 2023, it faced significant pressure from inflation on materials and salaries, with adverse effects in particular on the…
Read More » -
11 March
M&S adds Hush and Whistles to its ‘Brands at M&S’ platform
M&S has announced the addition of contemporary fashion and lifestyle brands, Hush and Whistles to its ‘Brands at M&S’ online platform this season, as the retailer continues to go after growth in womenswear and drive style perceptions. Hush and Whistles are the first dedicated womenswear brands to launch on the…
Read More » -
11 March
Mango turnover tops €3.3bn in 2024 amid record investment
Mango has hailed its “excellent” full-year results after turnover rose by 7.6% to €3.3bn (£2.8bn) in 2024, while net profit soared by 27% to €219m (£184m), in what the group has called the “best moment of its history” amid record investment. Over the period, full-year EBITDA rose by 19% to…
Read More » -
11 March
Boohoo rebrands to Debenhams Group
Boohoo has announced that it is rebranding as Debenhams Group, having rescued the high street department store out of administration in 2021 and initially relaunched it as an online-only business. News of the rebrand comes as Boohoo incurred a one-off non-cash cost of roughly £40m on surplus stock in its…
Read More » -
10 March
Matalan appoints former N-Brown executive as CCO
Matalan has announced the appointment of ex-N Brown chief executive Sarah Welsh as its new chief product, brand and commercial officer. Welsh brings 30 years of retail experience and has been N-Brown’s CEO for five years. During her tenure she was credited for transforming the group’s traditional catalogue offer to…
Read More » -
7 March
Zalando sees FY24 revenues surge to €10.6bn
Zalando has reported that its revenues saw a 4.2% increase year-on-year to €10.6bn (£8.9bn) in FY 2024, despite what it called a rather “muted” macroeconomic environment. Driven by its focus on “driving profitable growth”, Zalando’s adjusted EBIT also reached €511m (£428m) in 2024, up from €350m (£293.9m) a year earlier,…
Read More » -
6 March
Topshop teases Oxford Street return in new video
Fashion retailer Topshop has teased a possible return to Oxford Street in a new video posted online. On Instagram, the retailer published a video featuring London mayor Sadiq Khan urging Topshop to make a comeback to the shopping hub. In the clip, Khan reflects on his own experiences with the…
Read More »
