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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May- 2019 -2 May
Anya Hindmarch to return as MD of handbag firm
Anya Hindmarch has announced she is to return as managing director of the handbag company which bears her name. The company’s founder stepped down from the role eight years ago after the business was bought by new owners, Hindmarch has remained on the company’s board as creative director, where she…
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2 May
Zalando starts 2019 with ‘strong and profitable growth’
Zalando has said it “successfully expanded its customer reach” as it saw revenues and profits jump for the first quarter of 2019. It revealed that revenues increased by 15.2% to £1.2bn and its adjusted EBITDA increase from £0.3m to £5.5m. Zalando attributed the rise to its active customers increasing by…
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1 May
Next sees profits rise following ‘unusually warm’ weather
Next has announced a better than expected profit rise following “unusually warm weather” during the first quarter of 2019. The retailer reported a 4.5% rise on 2018’s figures for full-price sales in the quarter leading up to 27 April. The full-price sales rise falls ahead of the retailer’s initial target…
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Apr- 2019 -29 April
Kurt Geiger owner mulls £450m sale to US fashion giants
The private equity firm which owns Kurt Geiger is reportedly mulling over a sale of footwear and accessories retailer to some of America’s fashion giants for around £450m. According to The Telegraph, Cinven has reportedly held “fireside chats” with potential buyers including Steve Madden, Michael Kors and Coach. If a…
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29 April
Loewe opens flagship store in London
Spanish fashion retailer, Loewe, has announced it has opened a new flagship store on New Bond Street in London after a year-long refurbishment project at the premises. The new three-floor Casa Loewe store will replace the luxury retailer’s Mount Street premises as Loewe’s only London store. The retailer will showcase…
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26 April
Laura Ashley shares tumble 20% amid fresh profit warning
Laura Ashley has seen its shares tumble 20% in early trading after it issued a profit warning indicating figures will fall “significantly below market expectations”. While at the time of writing shares have recovered slightly and now sit at 9.6% down from opening, the news follows the release of its…
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25 April
Shareholders approve JD Sports’ £90m Footasylum takeover
JD Sports has announced its £90.1m Footasylum takeover has been given the go-ahead by shareholders, after it was voted through at a meeting on 12 April. Over 78 million Footasylum shareholders voted for the JD Sports deal, which is said to represent around 75% of the retailer’s capital. Following the…
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24 April
Primark HY profits surge 25%
Primark has seen its half-year operating profit jump 25% to £426m during the six months ending 2 March. Primark said the increase reflected “its continued selling space expansion and improved margins, which were driven not only by favourable exchange rates but also by better buying”. Sales at Primark were also…
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18 April
Sports Direct sells flagship Dublin store for £17.3m
Sports Direct has reportedly sold its flagship Dublin store for €20m (£17.3m) in an off-market sale-and-leaseback deal to an unnamed investor. According to the Irish Times, under the deal, the retailer will continue to occupy the premises while paying the owner an annual rent of €950,000 (£823,802) for the next…
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17 April
Arket launches recycling scheme for ‘unwanted’ clothes and shoes
Fashion retailer Arket has announced a new recycling scheme for unwanted clothes and shoes, due to launch at the end of April at all of its stores. Customers will be able to bring “unwanted textiles” to any store, where the products will be taken care of and returned to the…
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