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 -15 October
Superdry issues profit warning amid ‘unseasonably hot weather’ affecting sales
Superdry has issued a profit warning after it said “unseasonably hot weather” had impacted its autumn and winter sales. The fashion retailer said it estimated profits to come in £10m lower than previously expected due to the warmer weather in the UK, continental Europe and the east coast of the…
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15 October
Amazon to open fashion pop-up store
Amazon Fashion will be launching its first ever UK pop-up store located on Baker Street London. The pop-up will be open from Tuesday 23 until Saturday 27 October a showcase a different curation of men’s and women’s fashion items and brands every other day as well as activities throughout. At…
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12 October
Karen Millen buys Coast’s UK operations out of administration
Karen Millen has agreed to buy certain parts of the Coast’s UK business out of administration. Under Karen Millen, Coast will trade primarily across its various websites, in concessions across the UK and through wholesale and franchise partners. Coast’s solus stores and the concessions on mainland Europe are not included…
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11 October
Levi’s posts double-digit Q3 sales increase
Levi Strauss and Co. has reported a 10% increase in retail sales during the twelve weeks to 26 August, as the fashion retailer delivered its fourth consecutive quarter of revenue growth. Levi’s net revenue for the three-month period was $1.39bn (£1.05bn) up from $1.26bn (£955m) the previous year. The growth…
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9 October
G-Star Raw to open new UK stores following Portas appointment
Dutch fashion brand, G-Star Raw, is to open four new UK stores in London, Manchester, Watford and Lakeside following the appointment of Portas as its lead strategic agency. The group recently opened a 2,500 sq ft store in Sheffield’s Meadowhall, which became the brand’s first store under its new retail…
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8 October
Quiz issues profit warning leading to 25% share tumble
Clothing retailer Quiz has released a profit warning, five months after announcing a revenue growth of 30%. Shares in Quiz dropped by 25% following the announcement with it claiming its recent performance was “behind our expectations” adding that the company’s performance “declined” during the second half of the financial year.…
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8 October
French Connection considering a potential sale
French Connection has confirmed it is considering the potential sale of the business as it is currently “reviewing all strategic options”. In a statement to the London Stock Exchange on Monday (8 October) the fashion retailer set out its position following reports over the weekend, and also added that there…
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5 October
Nike ‘deeply concerned’ over Cristiano Ronaldo rape allegations
US sportswear brand Nike has said it is “deeply concerned” over rape allegations against Juventus footballer Cristiano Ronaldo, and added it would “continue to closely monitor the situation”. Kathryn Mayorga has alleged that Ronaldo raped her nine years ago in a penthouse suite at Hotel Palms Place in Las Vegas.…
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4 October
Ted Baker posts profit rise of 3.5%
Ted Baker has posted a 3.5% rise in profits before tax and exceptional items to £25m as it continues to deal with “challenging external trading conditions”. During the six month period ending 11 August, the fashion retailer also saw group revenues increase by 3.5% to £306m up from £295m the…
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Sep- 2018 -26 September
Next CEO issues stark warning over the risks of a no-deal Brexit
Simon Wolfson, CEO of clothing retailer Next, has issued a warning over the the dangers of a no-deal Brexit, and said the UK’s departure from the EU needs to be “carefully managed”. In a report released alongside the group’s latest financial update, Wolfson said there were “significant challenges” involved in…
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