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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Aug- 2019 -30 August
Shoe Zone CEO quits amid profit warning
The chief executive of value footwear retailer Shoe Zone, Nick Davies, has resigned from his position with immediate effect, on the same day the company issued a warning that profits will be below expectations. The company revealed that trading conditions since the group’s interim results on 21 May 2019 “have…
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16 August
Next to replace Debenhams as Ted Baker childrenswear partner
Ted Baker has entered into a product licence agreement with Next to produce and sell its childrenswear collections. Under the agreement, which will run for an initial five-year period starting from 2020, Next will create and sell Ted Baker childrenswear products spanning baby, boys’ and girls’ clothing, shoes and accessories…
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7 August
Victoria’s Secret CMO Ed Razek to step down
Ed Razek, Victoria’s Secret owner L Brands’ chief marketing officer, has resigned from his position within the company. According to CNBC Razek, who has been with the company since the 1980s, reportedly revealed to L Brands CEO Les Wexner that he wanted to step down earlier last month and his…
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Jul- 2019 -25 July
CMA launches probe of JD Sports’ acquisition of Footasylum
The Competition and Markets Authority (CMA) has begun its inquiry into JD Sports’ acquisition of footwear retailer, Footasylum. Phase 1 of the inquiry, will look to determine if the takeover could result in “a substantial lessening of competition in any market”. The CMA also said it has “reasonable grounds” for…
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17 July
Zara owner Inditex launches new sustainability strategy
Inditex, the parent company of fashion brands Zara, Pull&Bear, Stradivarius and Massimo Dutti has unveiled its new sustainability line that by 2023 aims to eliminate all single-use plastics for customers sales. At the company’s AGM meeting yesterday (16 July 2019) executive chairman Pablo Isla said “the culture of diversity, innovation…
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12 July
Vans to move into former Miss Selfridge flagship site
Footwear brand Vans have signed a leased to takeover the site previously occupied by Miss Selfridge. Located in Oxford Street, London, Arcadia will remain the landlords of the site. Miss Selfridge will be moving into the basement of Topshop next door. In June, a CVA was approved for Arcadia Group…
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11 July
Bonmarché to be delisted as second largest shareholder sells up
Fashion retailer Bonmarché is set to become delisted as the company’s second largest shareholder sold its stake, meaning Spectre Holdings now owns more than the 75% required to take the business private. Investment fund Artemis sold its 12% share taking Philip Day’s stake up from 69% to nearly 83%. In…
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9 July
Primark founder Arthur Ryan dies aged 83
Budget fashion chain retailer Primark has announced its founder and chairman Arthury Ryan has died at the age of 83, following a short illness. Ryan founded the company, then known as Penneys, in Dublin in 1969 with the news coming just days after the retailer celebrated its 50th anniversary. It…
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5 July
Zalando announces plans to build fulfillment center
Zalando has announced it is to build a new £180m fulfillment center in an existing business park near Rotterdam to help cater for its western European customers. The expansion of its logistics network forms part of Zalando’s 2023/24 growth target and aims to expands its customer proposition for customers in…
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4 July
Monsoon creditors agree to CVA
Monsoon Accessorize creditors have given the green light on the retailer’s CVA plans which will see over half of its stores receive rent reductions. The reductions, which were proposed last month, will see cuts to rents of between 25%- 65% across 135 out of its 258 stores after the retailer…
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