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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Dec- 2024 -6 December
Ex-Boohoo CEO left amid stalking concerns
Ex-Boohoo CEO John Lyttle resigned from his post in October amid claims he was being stalked alongside several other Boohoo employees. The former boss is thought to have mentioned the stalking and surveillance concerns as reasons for his departure, according to reports from The Times. It comes as police forces…
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6 December
Frasers eyes takeover deal of Norwegian sports retailer
Frasers Group has announced this morning (6 December) its intention to launch a voluntary offer for all shares in XXL ASA, a Norwegian sporting goods retailer, which has a physical and online presence in the Nordics and Australia. News comes via the Oslo Stock Exchange after Frasers “carefully considered the…
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5 December
Løci opens first physical space at Oxford Street’s Future Stores
Urban-lux vegan trainer and apparel brand Løci has opened the doors to its first physical shop at experiential immersive retail space Future Stores, 95 Oxford Street, London. Launched on Wednesday with a VIP evening attended by retail experts, fashion editors, influencers and shoppers, it marks the first time the brand…
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5 December
Police investigating stalking claims from Boohoo
Police are investigating claims of stalking and corporate espionage made by several executives from Boohoo, according to reports from The Times. Police forces in Manchester and Kent are looking into reports of stalking offences understood to be aimed at Boohoo group CEO Dan Finley, former boss John Lyttle and co-founder…
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4 December
Gymshark CFO steps down
Gymshark has confirmed that its chief financial officer Mathew Dunn has left the company less than two years after joining. Dunn joined the gymwear company in December 2022 from online retailer Asos, where he was COO and CFO. A Gymshark spokesperson told City AM: “Mat Dunn was employed as chief…
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3 December
Charity Super.Mkt to open 12 more pop-ups next year
Second-hand clothing pop-up Charity Super.Mkt reportedly is set to open 12 more locations next year as it looks to cater to the demand in vintage fashion, according to The Guardian. Charity Super.Mkt brings together a collection of pre-loved fashion and accessories, including vintage denim, sports- and streetwear, while working closely…
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3 December
Mango achieves 2024 US expansion goals
Mango has achieved its goal of reaching 40 company owned stores in the US by the end of 2024 ahead of schedule. Alongside this, the company has revealed that it plans to exceed the goal by having 42 open at the close of the year. In 2025, Mango plans to…
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3 December
Boohoo repays £50m of £97m loan following fundraising drive
Boohoo has partially repaid its £97m term loan following the conclusion of a recent refinancing drive, as the group continues a turnaround plan after losses tripled in its half-year results. Its board confirmed it has notified lenders of the repayment of £50m of the £97m term loan, with the repayment set…
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2 December
Mothercare slips to £1.4m HY loss
Mothercare has reported a pre-tax loss of £1.4m for the 26-week period to 28 September 2024. Its sales also dropped 27% to £21m as its worldwide retail revenue saw a 12% decline to £121.2m from Mothercare’s franchise partners. The group stated that its sales were again impacted by a combination…
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Nov- 2024 -29 November
Urbn reports record revenues of $102.9m in Q3
Urbn, which operates a portfolio of global consumer brands including Urban Outfitters, Anthropologie, Free People, FP Movement and Nuuly, has announced record third quarter net income of $102.9m (£80.82m) for the three months ended October 31, 2024. Its total retail segment net sales increased 3.2%, with comparable retail segment net…
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