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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Feb- 2019 -25 February
Jack Wills to sell four stores in order to cut costs
Fashion retailer, Jack Wills is to sell four stores in order to make up for a store expansion which saw it increase its stores by a quarter, despite the fact it was making an underlying loss of £11m in 2017. Jack Wills is looking to assign leases to new tenants…
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21 February
Footasylum removes ‘stab-proof vest’ from stores
Footwear retailer, Footasylum has removed a “stab-proof vest” from its shelves after a youth worker suggested it could attract unwanted attention. Damian Henry, who works with young people involved in gangs or who have been involved in gangs, told the BBC he was “appalled” when he saw the item in…
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19 February
JD acquires 8% stake in Footasylum
Sportswear retailer JD Sports has acquired an 8% stake in footwear retailer Footasylum. JD said it had purchased the stake “for investment purposes”. The company said it was prepared to take on an interest of 29.9%, hovering just below the limit for a mandatory takeover bid, however it added it…
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18 February
Canada Goose revenue up 50% in 2018
Fashion retailer Canada Goose has reported a 50.2% increase in total revenue to $399.3m (£309.1m) in 2018, compared with $265.9m the previous year. Wholesale revenue increased to $164m (£126m) from $134m (£103m), with the increase primarily attributed to higher order values from existing partners, coupled with earlier shipment timing relative…
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15 February
Puma sees shares dip over sales slowdown warning for 2019
Footwear retailer Puma has seen its shares drop 2.66% in early trading after forecasting a slowdown in sales and profit growth for 2019, despite a 20.1% sales increase, adjusted to €1,226m (£1,079m), during Q4 2018. For the full year in 2019, the retailer expects currency-adjusted sales growth of around 10%,…
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8 February
JD Sports removes advert for Scotland shirt following ‘#everydaysexism’ complaints
Sports retailer, JD Sports, has removed an advert for the football shirt of the Scottish national team following Twitter complaints accusing the company of “#everydaysexism”. The advert for the men’s and children’s kit showed the models as athletes, however the advert for the women’s shirt showed a women wearing ripped…
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8 February
Foot Locker invests $100m in online marketplace Goat.com
Foot Locker has announced it will make a $100m (£77.3m) strategic minority investment in Goat – a managed marketplace for trainers operating the Goat and Flight Club brands. Foot Locker said the companies will combine efforts across digital and physical retail platforms to create “exclusive customer experiences”. It added the…
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7 February
Click-and-collect market to grow to £9.8bn by 2023
The UK click-and-collect market is set to rise 45.8% over the next five years to reach £9.8bn by 2023, according to analytics company GlobalData. However, growth is expected to slow as the fulfilment method matures and services offered by retailers are optimised. The company’s latest report, ‘Click & Collect in…
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Jan- 2019 -31 January
Shop Direct consulting with 225 members of staff over job cuts
Shop Direct, the group which owns online retailers Very and Littlewoods, is in consultation with 225 members of staff over job cuts. The group plans to merge its businesses as part of a transformation strategy which will see teams for men’s and women’s fashion consolidated and its design team moved…
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31 January
Arcadia fined £450k after girl fractures skull in Topshop
Philip Green’s retail group Arcadia has been fined £450,000 after a 10-year-old girl was hit on the head by a queue barrier in Topshop, resulting in a fractured skull. The incident happened at Glasgow’s Silverburn shopping centre in February 2017 when the girl, now aged 12, was shopping with her…
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