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 -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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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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