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 -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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7 November
Marks and Spencer sales fall
M&S’ group revenue has dropped by 3.1% to £4,966.9m in its half-year results to the year ending 15 September 2018. Furthermore, its like-for-like food and clothing sales fell by 2.9% and 1.1% respectively which the company said reflected a “tough trading” period. The figures have been impacted by the company’s…
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6 November
Primark’s like-for-like sales slide
Like-for-like sales at Primark saw a 2.1% decline in its financial results to the year ending 15 September 2018. Despite this, the budget fashion chain saw revenue increase by 6% to £7.47bn. This was attributed to an increase in selling space as this year, the company expanded its portfolio to…
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Oct- 2018 -31 October
Amazon launches ‘try before you buy’ shopping service in UK
Amazon Fashion has launched its ‘try before you buy’ Prime Wardrobe service in the UK following a “successful” launch in America in June. The service is exclusively available to Amazon Prime members and allows them to have fashion items delivered for free, try them on at home and only pay…
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30 October
Sports Direct to rescue Evans Cycles with half of its stores to shutter
Sports Direct is to rescue Evans Cycles after it fell into administration on 7 September, with owner Mike Ashley saying the retailer will have to shutter half of its stores to save the business. The closures would result in hundreds of job losses with Evans Cycles, which has been running…
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