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 -16 May
Yours Clothing sees 87% profit rise
Discount clothing retailer, Yours Clothing has announced it has seen its full year pre-tax profits for the year ending 3 February rocket by 87% up to £12.4m. Yours Clothing also said it saw year-on-year sales rise by 19%, with in store sales rising by 20% and online sales jumping up…
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15 May
Moss Bros sales boosted by e-commerce during Q1
Moss Bros has reported a 1.5% increase in total sales for the 15 week period ending 11 May, in spite of a “tough trading environment”. The retailer’s overall trading performance continued to show an improvement on the prior year, with both full price retail store sales and e-commerce delivering positive…
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9 May
Superdry issues profit warning as trading ‘continues to be weak’
Superdry has said its “trading performance continues to be weak” as the clothing retailer issued another profit warning in its trading update for the 13-week period to 27 April 2019. Its wholesale and e-commerce revenues performed the worst in Q4 with declines of 9.3% and 3.9% respectively. Year-on-year wholesale revenue…
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8 May
Select set to fall into administration
Struggling fashion retailer Select is set to enter administration within the next 48 hours putting potentially 2,000 jobs at risk . Select, which has around 180 stores across the UK, has appointed the advisory firm Quantuma to oversee the administration. Quantuma partner Andrew Andronikou told The Guardian: “The company will…
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8 May
Bonmarche rejects Philip Day takeover bid
The directors of fashion chain Bonmarche have asked its shareholders to “unanimously” reject a takeover bid by Spectre Holdings – an entity owned by retail entrepreneur Philip Day – as they feel the offer “materially undervalues” the retailer and its prospects. On 2 April, Spectre Holdings announced it had unconditionally…
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7 May
Burberry to scrap new Leeds factory
Fashion label, Burberry has announced it is to scrap its plans for a major factory in Leeds as it looks to sell the land it was set to be built on. The brand will sell 10 acres of land located next to the Grade I listed Temple Works building, after…
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3 May
Poundland to sell Pep&Co brand in 500 stores
Discount retailer, Poundland has announced it is to sell its Pep&Co clothing range in 500 more stores, after announcing its introduction to 300 of its stores last year. The latest stores to stock Pep&Co, mean that all 850 of Poundland’s UK and Ireland stores will stock the clothing brand as…
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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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