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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May- 2018 -4 May
1,000 jobs at risk after Calvetron enters administration
Over 1,000 jobs are on the line after fashion retailer Calvetron entered administration. The company behind Windsmoor and Jacques Vert was rescued last summer with a deal that resulted in the loss of over 700 jobs. The fashion retailer acquired a £12.5m loan from Secure Trust Bank to try and…
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2 May
Clothing retailers ban mohair following PETA investigation
Clothing retailers Arcadia Group, H&M and Inditex have banned the use of mohair in their products following a PETA investigation that found workers in farms mutilating and slowly killing goats. The animal charity believes that events at the farms are “violations” of South Africa’s Animal Protection Act, 1962. Yvonne Taylor,…
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Apr- 2018 -26 April
N Brown Group posts revenues of £922m
Fashion retail group N Brown’s latest financial results show group revenue reached £922m for the full year, up 3.9% from the previous year. For the 52 weeks to 3 March the group’s boost in revenue was driven by strong performances from its three key brands, with a 16.9% increase in…
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23 April
Boohoo expected to report 95% sales increase
Boohoo is expected to report a 95% increase in sales when it publishes its full year results on Wednesday (25 April), the City has predicted. According to City AM, this will mean an increase of £574.6m with pre-tax profits at around £47m. Boohoo has heavily invested in its infrastructure with…
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18 April
Wish.com reprimanded for penis advert on video games aimed at children
Online retailer Wish.com has been displaying an advert showing an animation of a cartoon penis being put in an extender strap sold on the website, on video game apps aimed at children. This represents the third time in five months that the US company has been found to have breached…
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13 April
American Apparel set for UK relaunch
Retail brand, American Apparel plans to relaunch online in April in the UK. The brand will return with its basics range, as well as new additions designed to appeal to audiences of “all shapes and sizes, underpinned by a strong message of body positivity, empowerment, inclusivity and diversity.” The relaunch…
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11 April
Asos enjoys 22% sales growth
Fashion giant Asos has generated retail sales growth of 27% for the six months to 28 February 2018. The UK had growth of 22% with strong international growth of 31%, despite a “challenging market”. The firm said “extra enhancements” such as a ‘try before you buy’ scheme had contributed to…
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4 April
Mothercare CEO shock resignation
Mark Newton-Jones abruptly resigned from the position of CEO of Mothercare this morning as the embattled retail chain seeks to stabilise. The firm announced the appointment of David Wood as CEO with immediate effect, but the news of Newton-Jones’ departure caused the group’s share price to fall 2.3% in morning…
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Mar- 2018 -27 March
H&M’s pre-tax profits plunge 61%
H&M’s pre-tax profits dropped by 61% the three-month period ending 28 February 2018 compared with the same period the previous year. The Swedish retailer’s profits fell by 1.26bn Swedish crowns (£108.24m), slightly short of the 1.29bn analysts expected. Shares fell by 5% in early trading, putting it at its lowest…
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26 March
JD Sports Fashion to acquire US brand Finish Line
Fashion retailer JD Sports Fashion is set to acquire US retailer The Finish Line for $558m (£396m). Finish Line is one of the largest retailers of athletic footwear, apparel and accessories in the US and trades from 556 branded stores across 44 US states. It is also the exclusive retailer…
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