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 -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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26 October
Schuh profits fall 9.6% following ‘lack-lustre festive sales period’
Footwear retailer Schuh has announced a pre-tax profit fall of 9.6% down to £15m for the previous financial year. The retailer blamed a “lacklustre” festive period on an “overtly promotional retail market” in the footwear industry. Despite the profit fall the retailer announced a revenue rise in the year to…
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25 October
Superdry founder looks to return to board
Superdry founder, Julian Dunkerton, has said that he want to return to the company’s board “in any capacity”. Dunkerton wants to revive the company’s fortunes following financial woes which have seen its shares fall from £20 per share in January, down to £7.29 per share. The founder is still the…
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25 October
Sainsbury’s and Oasis announce new in-store partnership
Sainsbury’s and Oasis have teamed up to bring Oasis fashion ranges to customers in five Sainsbury’s supermarkets. This is the first time Oasis has made its ranges available to customers in a supermarket setting. Two Oasis concessions will be open to customers before Christmas at Sainsbury’s Sydenham in South London…
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24 October
United Colors of Benetton co-founder dies aged 77
Gilberto Benetton, one the co-founders of fashion retail chain United Colors of Benetton, has died aged 77 following a short illness. The fashion chain was founded by siblings Gilberto, Luciano, Carlo and their sister Guiliana in 1965. Benetton became well known during the 80s and 90s for its bright, colourful…
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17 October
ASOS reports 26% sales increase
Online fashion retailer ASOS has posted a 26% increase in its sales to £2.4bn compared with £1.9bn the previous year. UK retail sales accounted for £861m while its international retail sales amounted to £1.5bn for the full year to 31 August 2018. The group’s revenues also grew by 26% to…
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17 October
ASA warns Laura Ashley over ‘misleading advertising’
The Advertising Standards Authority (ASA) has warned Laura Ashley that its “misleading” advertising emails which offered specific savings “must not appear again in their current form” unless it was able to prove the claims. The ASA also said the retailer must “ensure that their future advertising did not make savings…
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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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