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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Oct- 2018 -16 October
Shop Direct proposes to close standalone clearance operation, 143 jobs at risk
Shop Direct has announced proposals to close its standalone clearance operation, Littlewoods Clearance, which comprises seven UK stores branded ‘The Outlet’, websites including ‘Bargain Crazy’, and a Bolton-based fulfilment centre and head office team. The proposed move would impact 143 permanent colleagues, with whom Shop Direct will soon enter into…
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16 October
Footasylum slips to half-year loss
Footwear retailer Footasylum has reported a £4m loss in its half-year financial results for the 26 weeks year ending 25 August 2018. Despite the loss, the company’s revenue was up 19% to £98.6m from £83.2m in the previous year. It saw growth in sales all across the board; store revenue…
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15 October
Shoe Zone defies retail blues to report strong summer performance
Shoe Zone has announced a “strong performance” for the current financial year, seeing its revenue rise by almost 2% for the 52 weeks to 29 September. The shoe retailer also announced profits of £11m which it claims were boosted by a strong performance for its summer and spring ranges and…
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15 October
Superdry issues profit warning amid ‘unseasonably hot weather’ affecting sales
Superdry has issued a profit warning after it said “unseasonably hot weather” had impacted its autumn and winter sales. The fashion retailer said it estimated profits to come in £10m lower than previously expected due to the warmer weather in the UK, continental Europe and the east coast of the…
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15 October
Amazon to open fashion pop-up store
Amazon Fashion will be launching its first ever UK pop-up store located on Baker Street London. The pop-up will be open from Tuesday 23 until Saturday 27 October a showcase a different curation of men’s and women’s fashion items and brands every other day as well as activities throughout. At…
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12 October
Karen Millen buys Coast’s UK operations out of administration
Karen Millen has agreed to buy certain parts of the Coast’s UK business out of administration. Under Karen Millen, Coast will trade primarily across its various websites, in concessions across the UK and through wholesale and franchise partners. Coast’s solus stores and the concessions on mainland Europe are not included…
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11 October
Levi’s posts double-digit Q3 sales increase
Levi Strauss and Co. has reported a 10% increase in retail sales during the twelve weeks to 26 August, as the fashion retailer delivered its fourth consecutive quarter of revenue growth. Levi’s net revenue for the three-month period was $1.39bn (£1.05bn) up from $1.26bn (£955m) the previous year. The growth…
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9 October
G-Star Raw to open new UK stores following Portas appointment
Dutch fashion brand, G-Star Raw, is to open four new UK stores in London, Manchester, Watford and Lakeside following the appointment of Portas as its lead strategic agency. The group recently opened a 2,500 sq ft store in Sheffield’s Meadowhall, which became the brand’s first store under its new retail…
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8 October
Quiz issues profit warning leading to 25% share tumble
Clothing retailer Quiz has released a profit warning, five months after announcing a revenue growth of 30%. Shares in Quiz dropped by 25% following the announcement with it claiming its recent performance was “behind our expectations” adding that the company’s performance “declined” during the second half of the financial year.…
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8 October
French Connection considering a potential sale
French Connection has confirmed it is considering the potential sale of the business as it is currently “reviewing all strategic options”. In a statement to the London Stock Exchange on Monday (8 October) the fashion retailer set out its position following reports over the weekend, and also added that there…
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