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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Dec- 2018 -7 December
Ted Baker CEO and founder in ‘leave of absence’
The chief executive of Ted Baker, who is facing allegations of misconduct, has taken a “leave of absence” from the company according to an announcement. Read the full statement: On 3rd December 2018 Ted Baker plc (the “Company”) announced that it had appointed an independent committee of Non-Executive Directors (the “Committee”)…
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7 December
Primark owner warns ‘trading was challenging’ for November
Primark owner, Associated British Foods has warned that trading for November was “challenging” for the clothing retailer. The group’s chairman, Michael McLintock, will say at its AGM today that a “tough retail market” was to blame for a challenging month. Trading was “in line with expectations” for the first eight…
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4 December
ASOS appoints Mark Holland as chief operating officer
ASOS has announced the appointment of Mark Holland to the newly-created role of chief operating officer. A member of ASOS’ executive board, Holland has worked for ASOS for six years. His most recent position was supply chain director, where he oversaw ASOS’ global trading, customer care and supply chain functions.…
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Nov- 2018 -28 November
Primark, Topshop and ASOS defend practices in Parliament
Primark, Arcadia, ASOS were among some of the retailers who had executives and representatives appear before the Environmental Audit Committee to answer questions on sustainability in their businesses. This was part of the Environmental Audit Committee’s ongoing inquiry into the sustainability of the fashion industry. Representatives from Marks and Spencer,…
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28 November
Missguided inspectors ‘chased out’ of factory by workers
Clothing retailer, Missguided’s head of product quality Paul Smith, has said the company’s inspectors were “chased out” of a supplier’s factory by workers after asking questions about their sourcing. Smith also claimed his staff had been threatened and assaulted by workers at the Leicester factory. He said: “These were people…
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28 November
H&M to scrap Cheap Monday brand leaving 80 jobs affected
H&M has announced it is to close down its Cheap Monday brand blaming “a negative trend in the Cheap Monday’s sales and profits over a long time”. The fashion retailer said the fashion industry is “in a period of extensive change as a result of ongoing digitalisation” and as such…
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27 November
Quiz shrugs off ‘challenging market conditions’ with strong revenue growth
Fashion brand Quiz had revealed strong revenue growth across all channels for the six months ending 30 September 2018. Despite “challenging external market conditions”, the retailer reported a group revenue increase of 19% to £66.7m, compared with £56.1m in 2017, and EBITDA increased by 11% to £5.6m for the period.…
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27 November
Esprit to cut 40% of non-store jobs and reduce product line
Esprit has announced it is to cut 40% of non-store jobs and reduce its product line by 30% as part of a restructuring attempt following tough competition from fast-fashion and online retailers. On Monday (26 November) the retailer said in an investor presentation that it had “lost touch” with its…
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26 November
Missguided boss slammed by MPs for Parliamentary no-show
Nitin Passi, the CEO and founder of online retailer Missguided, has been criticised by MPs for refusing to appear in the Houses of Parliament as part of an investigation into fast fashion. In a letter to Passi, MP Mary Creagh chair of the Environmental Audit Committee, said she was “disappointed”…
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23 November
Chinese shopping sites pull Dolce and Gabbana goods amid ad backlash
Dolce and Gabbana products have been pulled from Chinese e-commerce as a result of its controversial ad campaign. The luxury fashion house posted an ad this week which shows a Chinese model struggling to eat pasta and pizza with chopsticks. The campaign was accused of promoting unflattering stereotypes. The situation…
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