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.
-
Dec- 2020 -14 December
US group eyes Arcadia and Debenhams takeover
Authentic Brands, the US owner of New York department store brand Barneys, is reportedly eyeing a double takeover of Debenhams and Arcadia Group, according to the Telegraph. The retail group has reportedly entered discussions with the administrators of both businesses, placing chairman Jamie Salter in “direct competition” with Mike Ashley,…
Read More » -
11 December
Administrators place £200m price tag on Topshop
Administrators for Arcadia are reportedly seeking a price tag of £200m for the firm’s Topshop brand and are looking to agree a deal before Christmas. According to The Guardian, administrators Deloitte are expecting to receive initial bids for the brand by the end of next week (18 December). Online retailer…
Read More » -
8 December
Moncler acquires Stone Island
Luxury fashion brand Moncler has announced the acquisition of Italian brand Stone Island for an undisclosed sum. The transaction will see the two brands work together to strengthen their ability to “interpret the evolving cultural codes” of new generations, while reportedly reinforcing their positioning within the luxury segment. Moncler will…
Read More » -
8 December
Joules sales hit by lockdown
Joules has announced that group revenue was down by 15.3% to £94.5m in the 26-week period ended 29 November 2020. According to the group, this reflected the impact of enforced store closures as well as the cancellation of country shows across the UK, alongside the fact that total store trading…
Read More » -
7 December
Ted Baker losses widen as sales fall 42%
Ted Baker has announced that its losses have continued to widen, with underlying loss-before-tax amounting to around £39m, primarily driven by lower revenue levels, and partially offset by our cost actions. In the 28 week period ended 8 August, group revenue was also down by 45.9% against the prior year. …
Read More » -
4 December
Primark posts £430m sales hit amid second lockdown
Primark was hit with a £430m sales loss following international lockdowns this autumn, according to Associated British Foods (ABF). Primark stores in the group’s major markets, including England, the Republic of Ireland, France and Belgium reopened in the last week, however, with ABF noting that sales have been “very strong”…
Read More » -
3 December
Arcadia brings forward pension fund payment
The owner of Arcadia, Lady Christina Green, is set to bring forward a payment of £50m that will go into the collapsed group’s pension scheme. The £50m installment was originally scheduled to be paid in September of next year, but has been brought forward in light of the retailer’s collapse…
Read More » -
2 December
Foot Locker CFO retires
Foot Locker has announced that Lauren B. Peters, executive VP and CFO of the group, will step down and retire in April 2021. The retailer said it has initiated a “comprehensive search” process with the assistance of Crist|Kolder, an executive search firm, to find a successor. It expects to consider…
Read More » -
1 December
Debenhams to be wound down, 12,000 jobs at risk
Embattled department store chain Debenhams is to be wound down, placing 12,000 jobs at risk, after talks with JD Sports over a potential rescue deal failed. The business will continue to trade through its 124 UK stores, as well as online. If it does not receive any alternative offers from…
Read More » -
Nov- 2020 -30 November
Yoox Net-A-Porter appoints new CEO
Yoox Net-A-Porter group has announced the appointment of Geoffroy Lefebvre as CEO, a position which will take effect from 4 January 2021. Federico Marchetti will reportedly remain chairman of the group to “ensure a successful transition”, whilst Lefebvre operates as the group digital distribution director at Richemont. Johann Rupert, chairman…
Read More »
