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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Nov- 2019 -7 November
Superdry reveals revenue drop amid ‘good progress’ in turnaround plan
Superdry has reported an 11% drop in revenues for the first half of the year but its returning chief executive hails the “good progress” it has made in its turnaround plan. For the 26-week period ending 26 October 2019, revenues reached £367.8m compared with £414.6m the previous year. Superdry said…
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7 November
Weird Fish becomes first UK retailer to launch grass paper bags
Clothing retailer, Weird Fish, has become the first UK retailer to introduce eco-friendly grass paper bags throughout its stores. The introduction of the grass bags is a part of the company’s ‘The Only Way is Ethics’ sustainable policy. The grass paper bags will replace traditional single-use plastic carrier bags in…
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5 November
Primark profits top £900m in 2019
Fashion retailer Primark has reported an 8% increase in operating profits to £913m, for the year ended 14 September 2019. The fashion chain also saw a 4.2% increase in year-on-year sales to £7.79b, and Primark’s owner ABF hailed the year of “resilient performance” from the high street retailer. Despite like-for-like…
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Oct- 2019 -30 October
Sports Direct: CMA published ‘inaccurate’ market data in Footasylum probe
Sports Direct has claimed the Competition and Markets Authority (CMA) has published “inaccurate estimates” of its market share data during its investigation into of competitors JD Sports’ £90m takeover of Footasylum. In a statement published on the London Stock Exchange, Sports Direct said it had noted that during the CMA’s…
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24 October
Shoe Zone revenues up in FY results despite ‘challenging’ second half
Footwear retailer Shoe Zone has reported revenues of £161.9m for the year to 5 October 2019, up from £160.6m in 2018, in its preliminary reports for the trading period. The retailer said trading conditions in the second half of the financial year were “challenging”, but its new ‘Big Box’ store…
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18 October
M&S to open 60,000 sq ft store in Nottingham near year
Marks and Spencer will open a new 60,000 sq ft store at British Land’s Giltbrook Retail Park, Nottingham, in the summer of 2020. The announcement comes less than two weeks before M&S opens a major new store in Cornwall – it’s first clothing store opening in the South West for…
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18 October
Throwaway Halloween costumes to produce 2,000 tonnes of plastic waste
An estimated 2,000 tonnes of plastic waste will be generated from throwaway Halloween clothing and accessories, sold by leading retailers in the UK, research suggests. The study estimates that this is equivalent by weight of waste plastic to 83 million bottles. An investigation by Hubbard, an environmental charity, estimated that…
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15 October
Matalan revenue growth dented by ‘awful’ weather and political uncertainty
Fashion retailer Matalan saw its total revenue increase to £292m in the Q2 2019, despite the weather and political and economic uncertainty “eroding the full price sales potential of the season”. It said that during the 14 weeks ended 31 August 2019, ongoing uncertainty “weighed heavily” on consumer confidence and…
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15 October
Sports Direct demands Adidas and Nike dominance probe
Sports Direct has called for an investigation into the sportswear industry, over concerns of the dominance of Adidas and Nike. The sportswear brand owned by Mike Ashley said the “must have” brands hold a bargaining position which allows them to “control the price of their products and the price of…
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14 October
Superdry names founder Julian Dunkerton as permanent CEO until 2021
Clothing retailer Superdry has announced that its founder Julian Dunkerton has been appointed to the role of CEO on a permanent basis until April 2021. The news comes after Dunkerton returned as interim CEO on the 2 April 2019, after he won the support of 51.15% of its shareholders to…
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