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- 2024 -19 December
Birkenstock FY revenues rise 21% to €1.8bn
Birkenstock has reported that revenues rose by 21% to €1.8bn (£1.48bn) for the year to 30 September, slightly ahead of its previous guidance of 20%, due to continued “strong and growing” consumer demand for its products across the board. During the fourth quarter, Birkenstock’s revenues also rose 22% to €456m…
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18 December
Frasers CEO nominated for Hugo Boss board position
Hugo Boss has confirmed that Frasers CEO Michael Murray has been nominated for election to its supervisory board. Murray has been nominated alongside Andreas Kurali, the former deputy CFO of US tobacco firm Philip Morris International. The two men will be set to replace Gaetano Marzotto and Robin J. Stalker,…
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17 December
Shein considers listing below 10% rule in London float
Shein is reportedly considering asking UK regulators to waive listing rules that require at least 10% of its shares to be sold to the public ahead of its planned London flotation.According to Reuters, a source said the fast-fashion company was exploring this option to facilitate its IPO. If permitted, it…
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16 December
Pour Moi HY sales hit £20m amid M&S partnership
Swimwear and lingerie brand Pour Moi saw its sales rise by 12% to £20m during the six months to 30 September, thanks to its recent partnership with M&S, according to figures seen by The Times. Over the same period, the brand’s profits jumped by 66% to £3m. The brand began…
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16 December
Mango founder dies in mountain accident
Isak Andic, founder of fashion brand Mango, has died in an accident aged 71 while exploring caves in Barcelona. Spanish media reported the 71-year-old fell down a ravine to his death while hiking in caves that are part of a mountain range. Andic reportedly fell down a 150-metre ravine while…
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13 December
In The Style losses narrow amid job cuts
In The Style has revealed that it posted a loss-before-tax of £2.7m for the year ended 31 March 2024, compared with a loss of £7.7m in the previous year. Despite this, the company’s revenues fell from almost £46m to £30.4m, while UK sales were down from £42.7m to £29m over…
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12 December
Shein IPO could be delayed over supply chain checks
Shein’s London IPO could be set to be delayed after the FCA is taking longer than usual to give its go ahead as it takes its time to assess the fast fashion retailer’s supply chains, according to Reuters. The FCA is reportedly looking into Shein’s supply chain after receiving a…
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11 December
Zara owner Inditex misses expectations despite 7% surge in revenues
Inditex, the owner of fashion brands Zara, Stradivarius and Berksha, has seen its shares slide 6% in trading after its performance in the first nine months of the year came in below analysts expectations. Inditex reported revenues for the period of €27.4bn (£22.6bn) up 7.1% YOY and revealed that sales…
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9 December
Boohoo calls on shareholders to reject Mike Ashley’s board bid
Boohoo has urged its shareholders to vote against Mike Ashley’s board appointments ahead of its AGM on 20 December. In an update posted this morning, Boohoo revealed that independent proxy adviser Institutional Shareholder Services (ISS) has recommended shareholders vote against Fraser’s bid for board representation which would see Ashley as…
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6 December
Quiz appoints advisors amid disappointing November sales
Quiz has appointed advisors to review its financing and strategic options after it reported a 5.7% decline in revenues to £24.9m for the four-month period from 1 August to 30 November 2024. It warned that given the disappointing level of revenues during the key trading month of November the cash…
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