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 -10 January
Uniqlo’s owner revenues rise 10% to £4.6bn in Q1
Fast Retailing, the owner of Uniqlo, has reported a 10.4% revenue increase to 895.1bn yen (£4.6bn) during the three months ended on 30 November 2024. The group, which also owns the GU brand, saw a 21% increase in pre-tax profits to 196.6bn yen (£1bn) during the period. Meanwhile, operating profit…
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10 January
Shein’s London IPO to happen by mid-year
Shein is reportedly planning to list in London in the first half of the year, according to sources that have spoken to Reuters. If the move gains regulatory approval, an IPO could be completed as early as Easter on 20 April, one source said. A second source told Reuters that Shein…
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9 January
Boohoo urges vote against Frasers’ motion to remove founder
Boohoo has published a new letter urging shareholders to vote against an upcoming motion to remove Mahmud Kamani as director, following a demand by Frasers to oust the founder.In a new update, Boohoo said its board formed an independent committee composed of all directors other than Kamani to consider the…
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9 January
Quiz shareholders approve AIM delisting
Quiz has announced that its shareholders have approved the delisting of the retailer from AIM and its return to private ownership. In an official announcement, Quiz shared that 98.6% of shareholders backed the resolutions. Following the approval, the retailer will cease trading on AIM at 7:00 a.m on 23 January…
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8 January
Carhartt WIP, Ronning and Blackhorse Lane Ateliers open shops in Soho
Lifestyle apparel brand Carhartt WIP, fashion retailer Ronning and craft jean maker Blackhorse Lane Ateliers have all opened new stores in Soho, London. Carhartt WIP has launched its new 4,000 sq ft flagship, relocating from 72-74 Brewer Street into a larger unit in the same street at 33-35. The store…
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8 January
MPs ‘horrified’ as questions left unanswered at Shein trade committee
MPs on the Business and Trade Committee were left “horrified” after a representative for Shein could not answer questions over where the business sources its cotton from. Shein’s general counsel for Europe Middle East Africa (EMEA) Yinan Zhu was asked several times whether the company uses cotton supplied from China…
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7 January
Next raises profit guidance as festive sales beat expectations
Next has revealed that it has raised its full-year pre-tax profit guidance by £5m up to £1.01bn after a better than expected quarter. In this quarter, full price sales rose 6% in the nine weeks to 28 December, beating the previous guidance for the fourth quarter of 3.5%. It stated…
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7 January
Quiz lender hires advisors ahead of delisting vote
Quiz’s principal lender has reportedly drafted in advisors to help the company explore restructuring options amid a “growing crisis” at the retailer.According to Sky News, HSBC hired restructuring experts from Interpath Advisory ahead of a vote on delisting from the London stock market. Quiz reportedly plans to hold a shareholder…
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6 January
New Look to speed up planned closures ahead of tax changes
New Look is reportedly set to permanently shutter roughly a quarter of its 364 stores when leases expire, putting some of its 8,000 staff at risk, according to The Times. While the retailer has restructured its store portfolio twice in the past six years and downsized from 600 UK stores…
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3 January
Zara opens upsized store at Liverpool One
Inditex-owned fashion brand Zara has opened its significantly upsized flagship at Liverpool One on upper and lower South John Street. The new 42,000 sq ft store is the latest example of brand investment in the destination, following a landmark year of signings that will make 2025 Liverpool One’s biggest year…
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