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 -7 June
Joules 18% sales boost defies high street blues
Clothing retailer Joules has announced a rise in revenue for the year up to May 27 of 18% on figures for the same period last year. Retail revenues rose 16%, which the company says was “driven by a very good e-commerce sales performance as well as continued growth across the…
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6 June
Silks ad that ‘objectified women’ banned
A poster advert for Scottish lingerie retailer Silks has been banned by the Advertising Standards Authority (ASA) for “objectifying women” after it showed an image of a woman leaning forwards to emphasise her breasts with her head out of shot. This morning’s ASA ruling said that the advert “invited viewers…
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5 June
Quiz defies high street blues with 30% growth
Fashion retailer Quiz has bucked a calamitous high street trend in the first half of 2018, announcing revenue growth of 30% from the previous financial year. Physical store sales grew by 12% and online sales by 158% compared with last year. The company also saw pre-tax profit rise slightly from…
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5 June
Matalan announces results for its yearly financial overview
Matalan, the clothing retailer which has 227 stores, announced today its results of their yearly financial performance. Total revenue was almost £1.1bn with an increase of 11.7% in full price sales. Jason Hargreaves, CEO of Matalan, said: “The business has delivered a strong year, in which it outperformed the market…
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May- 2018 -24 May
Philip Green’s Arcadia records £10.9m loss
Topshop owner Arcadia Group – Philip Green’s retail empire – has recorded a loss of £10.9m in the year up to August 2017, starkly contrasting with last year when it profits were £59.4m. Accounts filed at Companies House showed the group also saw a 6% drop in sales down to…
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23 May
Primark set to overtake Marks and Spencer market share
Primark is set to overtake M&S to become the UK’s largest clothing retailer by market share, according to new data. The discount clothing chain will see its market share rise to 7% while M&S will see a drop to 7.6%. New data from Global Data has shown that Primark’s market…
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15 May
Mothercare to speed up store closures and job cuts
Mothercare have announced they are set to speed up the closure of stores and cutting of jobs, in order to attract fresh funds from investors. The baby store chain confirmed to media that it was launching an equity fund as part of a restructuring and refinancing package. The new strategy…
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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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