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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Jun- 2018 -25 June
MPs to investigate environmental impact of ‘fast fashion’
The Environmental Audit Committee has launched an investigation into the social and environmental impact of disposable ‘fast fashion’ and the wider clothing industry. The inquiry will examine the carbon, resource use and water footprint of clothing throughout its lifecycle. It will also look at how clothes can be recycled, and…
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21 June
Sir Philip Green seeks judicial review as PwC court battle kicks off
The former owner of BHS and current Topshop and Arcadia owner, Sir Philip Green, has requested a judicial review of the Financial Reporting Council’s (FRC) report into PwC’s handling of the retailer’s audit shortly after collapsed. As the hearing into the report prepares to be taken to the High Court…
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19 June
Bonmarché’s £8m profits fight off ‘challenging trading conditions’
Bonmarché has fought off “challenging trading conditions” affecting many high street retailers by posting a 38% increase in profit before tax to £8m in its latest preliminary results for FY18. The women’s clothing retailer reported a surge in profits despite a fall in revenue from £190m to £186m. Store like-for-like…
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19 June
ASOS to stop selling silk and cashmere in animal welfare policy update
Online retailer ASOS has announced that it will stop the sale of products made with silk, cashmere, angora, feather/down, bone, horn and shell as part of its updated animal welfare policy. It has also pledged to only sell leather, wool and animal hair which is a by-product of the meat…
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18 June
Calvetron Brands to shut 102 Jacques Vert and Precis concessions
Benjamin Wiles, Trevor Birch and Philip Duffy of Duff & Phelps, joint administrators to Calvetron Brands, have announced they are serving notice on 102 Jacques Vert and Precis concessions in the UK and Republic of Ireland. These closures and those announced previously, including Dash and Eastex closures made on 4…
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15 June
H&M sales fail to hit expectations
The Swedish fashion brand H&M has revealed that it missed its sales expectations for the second quarter sales growth in its latest financial report. The retailer reported a shares decrease of 3.6% in early trading as well as unchanged sales in local currencies from March to May including VAT, meaning…
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12 June
Henri Lloyd to slash 128 jobs despite coming out of administration
Henri Lloyd is to be brought out of administration by a company called Aligro UK Limited, and it will continue to trade from stores in Salcombe, Dartmouth, Cowes, Cheshire Oaks and Lymington. The stores kept open will save 38 jobs, however 128 jobs in total will be axed as stores…
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12 June
New Look reports operating loss of £74.3m
New Look has reported an underlying operating loss of £74.3m in its latest financial results for the year to 24 March 2018. The embattled retailer had previously reported a 7.3% drop in revenue to £1.35bn for the year to 24 March 2018. In addition, the retailer decreased its UK like-for-like…
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11 June
Rihanna to bring Savage x Fenty pop up to London
International popstar Rihanna will be bringing her new lingerie line Savage x Fenty to the capital with a temporary pop up shop in London’s Shoreditch. The range which launched in May of this year will have a storefront at Shoreditch Studios from 13 to 17 June. It is the second pop…
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11 June
Nulty completes Azzedine Alaïa London flagship store
The lighting design consultancy Nulty has completed its renovation for the late fashion designer Azzedine Alaïa on its London flagship store, Alaïa. The redesigned Bond Street-based store, which has three floors and 6,000 sq ft, features the work of architect Aukett Swanke and designer Marc Newson with large pelota ring-like luminaire…
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