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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Nov- 2018 -20 November
Victoria’s Secret appoints John Mehas as new CEO
Lingerie retailer Victoria’s Secret has appointed John Mehas as CEO, effective early 2019, replacing Jan Singer who has resigned. Mehas is currently serving as the president of lifestyle brand Tory Burch, and previously led Club Monaco, a Polo Ralph Lauren brand, for 13 years as president and CEO. He gained…
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20 November
‘Challenging market’ sees Bonmarché profits fall
Bonmarché has seen its profits fall by 21% for the first half of the year, attributed to “weaker consumer sentiment” in a “challenging market”. The fashion retailer reported for the period ending 29 September underlying profit before tax was £3.3m, almost £1m lower when compared with the same period the previous…
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19 November
J.Crew CEO steps down despite promising turnaround signs
J.Crew Group has announced that CEO James Brett is to step down with immediate effect after reaching a mutual agreement with its board of directors. The news comes just 17 months after Brett was appointed to lead a turnaround strategy for the fashion retailer. Recent months have seen the brand…
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15 November
Beyonce cuts ties with Topshop following Philip Green allegations
Beyonce has bought Philip Green out of the athleisure clothing line Ivy Park which was co-founded by Topshop, meaning the brand will no longer be sold in the store. The announcement of the collaboration was first announced in 2014 and in 2016, the range was launched in Topshop stores worldwide.…
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14 November
Blue Inc ‘close to administration’
Blue Inc is reportedly looking for a buyer to help the men’s fashion chain avoid falling into administration. The chain has appointed insolvency practitioners Begbies Traynor to sell the business and according to Sky News, sources said the retailer needed an immediate injection of capital in order for it to…
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13 November
John Lewis, M&S and Next sign anti-slavery agreement
Retailers John Lewis, M&S, New Look, Next, River Island and Shop Direct have signed a joint agreement to combat labour exploitation in UK textiles manufacturing. The Apparel and General Merchandise Public and Private Protocol commits signatories to work together to eradicate slavery and exploitation in textile supply chains. The retailers…
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12 November
All Saints sees profits fall by over half
Clothing retailer All Saints has seen its profits fall by over half to £10.6m in the year to February 2018. Sales rose by 8% to £327m during the same period, falling short of the £500m target owners Lion Capital had set. The investment firm bought a majority stake in All…
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9 November
Fast fashion brands called before Parliament
A number of online only fashion retailers have been asked to give evidence as part of the Environmental Audit Committee’s inquiry into the sustainability of the fashion industry. The chair of the committee has written letters to ASOS, Boohoo, PrettyLittleThing, Amazon and Missguided, published today (9 November), to the online…
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8 November
Burberry sees profits jump 36%
Burberry has reported a 36% rise in profits for the 26 week period ending 29 September 2018, despite seeing a drop in revenues. Sales declined 3% during the period to £1.22bn compared with the £1.26bn recorded the previous year, however operating profit jumped 36% from £127m in 2017 to £173m…
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8 November
‘Unparalleled line up of talent’ brought in for JD Christmas ad
Sportswear retailer JD Sports has brought together an “unparalleled line-up of global talent” as part of its 2018 Christmas campaign. A 40s-style Christmas commercial will make its debut on Friday 9 November, during Emmerdale, and will be rolled out across Channel 4, E4, ITV, Sky Sports and BT Sports. The…
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