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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Jul- 2020 -7 July
Allsaints creditors approve CVA
Allsaints has revealed it has received the greenlight from its creditors to go ahead with its planned CVA that will see most of its stores move to a turnover-based rent system. The proposals, which were voted on separately by creditors in the UK and in the US, received 93% and…
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7 July
JD Sport welcomes ‘record’ results
JD Sport has welcomed “record” annual figures as it reported a 30% increase in revenue for the full-year period ended 1 February 2020. The retailer recorded revenues of £6.1bn, up from £4.7bn the year prior. It also reported “strong” total like-for-like sales growth of 12% in its global sports fashion…
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6 July
NCA confirms probe into Boohoo working conditions
The National Crime Agency has confirmed it is investigating fashion retailer Boohoo following allegations of poor working conditions in a Leicester warehouse. An NCA spokesman told Retail Sector: “Within the last few days NCA officers, along with Leicestershire Police and other partner agencies, attended a number of business premises in…
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6 July
Boohoo to investigate illegal practices at factory
Boohoo has responded to allegations of slavery and poor working conditions after a Sunday Times exposé highlighted the conditions at supplier Jaswal Fashions in a recent undercover report. Only last week, the fashion retailer defended its business practices against accusations that it was putting workers at factories in Leicester at…
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3 July
Boohoo denies it ‘puts workers at risk’
Online clothing retailer Boohoo has defended its business practices against accusations that it was putting workers at factories in Leicester at risk of contracting coronavirus. The allegations made by worker’s rights group Labour Behind the Label come after the East Midlands city was placed under lockdown earlier this week. The…
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2 July
Arcadia to cut 500 head office jobs
Arcadia has revealed it is set to cut around 500 head office roles due to the impact of the coronavirus pandemic. The group reportedly informed staff in an email on Wednesday around a fifth of its 2,500 head office staff would be affected by the restructuring. Reports suggest that the…
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2 July
Primark welcomes ‘encouraging’ trade after sales slump
Primark sales plunged by 75% to £582m in its third quarter of trading, while its year-to-date sales fell by 27% to £4.3bn. Its parent company, Associated British Foods (ABF), now estimates that its adjusted operating profit will fall between £300m and 350m for the full year, compared to the £913m…
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Jun- 2020 -30 June
TM Lewin collapses into administration
TM Lewin has collapsed into administration following news that the retailer was eyeing up a pre-pack administration deal. According to the Mail Online, the group cited the ongoing Covid-19 pandemic and the temporary closure of its stores in March as the main reasons behind the collapse. The move could result…
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29 June
TM Lewin hires restructuring firm as it eyes pre-pack deal
The new owner of TM Lewin has reportedly called in a restructuring firm as it considers a pre-pack administration deal that could see the closure of a number of its stores. According to The Sunday Times, SCP Private Equity, who acquired the shirt maker earlier this year, has appointed restructuring…
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25 June
The Very Group to cut 141 roles as part of tech restructure
The Very Group has announced it is set to cut 141 roles from its head office and customer care teams as part of a restructure which will also see around a 100 roles created elsewhere. The only retail group, which operates brands such as Very.co.uk and Littlewoods.co.uk, will further expand…
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