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- 2025 -4 February
Mango to open 20 new UK stores in 2025
Mango has announced that it is aiming to open 20 new UK stores in 2025 as part of its 2024-2026 Strategic Plan. The plan will concentrate in London, with six openings, as well as central England, Scotland, Northern Ireland and the arrival in Cardiff. One of the company’s six openings…
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Jan- 2025 -30 January
H&M FY profits rise despite weaker Q4 sales
H&M boss Daniel Ervér has said the Swedish retailer is “on track” as it revealed FY operating profits in the year to Nov 30 jumped 28% to SEK 17.3bn (£1.2bn). It comes as quarterly sales were SEK 62.19bn (£4.53bn), up 3% in local currencies but lower than analysts predicted. H&M…
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30 January
Mulberry announces new CFO amid turnaround plan
Mulberry has announced the appointment of Billie O’Connor as its new CFO as it revealed its “Back to the Mulberry Spirit” turnaround plan. O’Connor qualified in 2007 and has spent her career working in the consumer and retail sectors, most recently as the CFO and CIO of Milk and More,…
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29 January
Quiz close to administration following AIM delisting
Embattled fashion retailer Quiz is reportedly set to appoint administrators only days after its shares were delisted from the stock market, according to Sky News. The outlet claims that Quiz is set to appoint global advisory firm Teneo to help oversee a pre-pack insolvency that will allow the founding Ramzan…
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29 January
Castore revenues up 16% YOY in December
Castore has revealed that its revenues grew 16% year-on-year in December, a record Christmas period for the brand. The brand put this down to the sportswear market remaining resilient compared with other retail markets. Castore revealed that over 150,000 football shirts were sold in the final weeks before Christmas. The…
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27 January
Dr Martens Q3 group revenue rises 3%
Dr Martens has revealed that its group revenue increased 3% on a constant currency basis to £267m during the 13 weeks ended 29 December 2024. Alongside this, its direct-to-consumer revenue (DTC) rose by 1% on a constant currency basis. The brand stated that this was driven by ecommerce revenue growing…
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24 January
Victoria’s Secret to open first premier midlands store at Derbion
Victoria’s Secret is set to open its first premier Midlands store at Derbion shopping centre. The lingerie retailer will take 5,712 sq ft of space at Derbion on a 10-year lease, as the retailer expands out of its current space in Next into its own individual unit. The new Victoria’s…
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24 January
Burberry revenues slide 7% in Q3
Burberry has seen its revenues drop by 7% year-on-year to £659m for the 13 weeks ended 28 December 2024. The group’s comparable store sales were also down 4% in the period. Regionally, EMEIA and Asia Pacific saw a 2% and 9% decline respectively. EMEIA’s sales were impacted by a decline…
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24 January
White Stuff sales soar by 20% over Christmas period
White Stuff has reported that sales soared by more than 20% over the Christmas period, with trading underpinned by strong knitwear demand and “record” new customer growth.In the 10 weeks to 4 January, total sales increased 21.8% year-on -year, bolstered by strong e-commerce sales which were up by 32.5%, while…
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23 January
Primark lowers FY guidance amid weak UK autumn trading
Primark has lowered its sales outlook for 2025 after the UK reported weak sales amid a “challenging retail environment” over the autumn period. In the UK and Ireland, which accounted for 45% of trading, like-for-like sales fell by 6% in the 16 weeks to 4 January 2025. In the UK…
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