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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Jan- 2025 -24 January
Burberry revenues slide 7% in Q3
Burberry has seen its revenues drop by 7% year-on-year to £659m for the 13 weeks ended 28 December 2024. The group’s comparable store sales were also down 4% in the period. Regionally, EMEIA and Asia Pacific saw a 2% and 9% decline respectively. EMEIA’s sales were impacted by a decline…
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24 January
White Stuff sales soar by 20% over Christmas period
White Stuff has reported that sales soared by more than 20% over the Christmas period, with trading underpinned by strong knitwear demand and “record” new customer growth.In the 10 weeks to 4 January, total sales increased 21.8% year-on -year, bolstered by strong e-commerce sales which were up by 32.5%, while…
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23 January
Primark lowers FY guidance amid weak UK autumn trading
Primark has lowered its sales outlook for 2025 after the UK reported weak sales amid a “challenging retail environment” over the autumn period. In the UK and Ireland, which accounted for 45% of trading, like-for-like sales fell by 6% in the 16 weeks to 4 January 2025. In the UK…
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22 January
Boohoo shareholders reject Frasers’ bid to remove co-founder
Boohoo shareholders have “overwhelmingly” voted against the resolution proposed by Frasers Group that would see founder and group executive vice chair Mahmud Kamani removed as director from the company. At a general meeting held yesterday (21 January), 63.17% of shareholders voted against the resolution compared to 36.8% who voted in…
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22 January
River Island drafts in AlixPartners to tighten costs
River Island has brought in AlixPartners to work on a cost reduction and profit improvement exercise ahead of the planned tax rises in April, according to reports from Sky News. Precise details of the exercise were not clear but is not believed to encompass formal restructuring work that could lead…
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22 January
Adidas sees revenues surge 24% to €5.97bn in Q4
Adidas has reported “better than expected” Q4 results as its revenues grew 24% to €5.97bn (£5.17bn) compared with €4.81bn (£4.17bn) in 2023. Excluding Yeezy sales in both years, currency-neutral revenues increased 18%. The company’s gross margin also increased 5.2 percentage points to 49.8%, while its operating profit reached €57m (£49.4m),…
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21 January
Alo Yoga opens new store in Covent Garden
Luxury activewear brand Alo Yoga has opened its new UK location in Covent Garden’s Seven Dials. Located at 25a Neal Street, the new 5,000 sq ft Alo Yoga store features its luxury collections of lifestyle and activewear, including contemporary and trend-forward loungewear, accessories and wellness products. Encompassing three floors, the…
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15 January
Asos to shut US distribution centre to help boost profitability
Asos is set to close its US distribution centre and instead fulfill its US orders from the UK, as part of efforts to boost the group’s profitability in the long-term. The retailer confirmed plans to mothball its Atlanta distribution centre this year and bring the site to market following the completion…
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14 January
Brunello Cucinelli revenues surge to €1.27bn
Brunello Cucinelli has reported a 12.1% rise in FY revenues to €1.27bn (£1.07bn), thanks to “very positive sales” throughout the year. In Q4 itself, the group achieved a turnover of €358m (£301.45m), up 11.6%. Geographically, the Americas saw a 17.8% rise in revenues to €476.5m (£400.8m), an increase of, accounting…
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14 January
JD Sports lowers FY guidance after ‘challenging’ winter
JD Sports has lowered its full-year guidance after it struggled with a “challenging and volatile” market over the Christmas period. The group now expects full-year profits to be between £915m and £935m, down from previous expectations of £955m to £1bn. It comes as like-for-like sales in the nine weeks to…
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