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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Jan- 2018 -25 January
H&M and Kering named among world’s most sustainable corporations
H&M and Kering are the only fashion retailers to be named in an annual ranking of the world’s most sustainable corporations. The Corporate Knights’ Global 100 index, which was announced at the World Economic Forum in Davos, Switzerland, named H&M as the most sustainable speciality retail company. Meanwhile Kering was…
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25 January
Ralph Lauren hires Burberry digital marketing head
Fashion brand Ralph Lauren has hired Burberry’s previous director of digital marketing, Alice Delahunt, in order to drive digital expansion. Delahunt will be responsible for “elevating the company’s global digital platforms”, enhancing the digital experience for consumers across all channels to drive consumer acquisition, retention, value and revenue. She…
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24 January
Shopping app Depop secures £14m for expansion
Social shopping app, Depop, has secured $20m (£14.1m) in Series B funding in order to help accelerate its global expansion. The app, founded in 2012, currently has over 8 million users and posted $230m (£163.1m) gross merchandise volume in 2017. Depop said the funds will be used for “global growth…
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18 January
Marks & Spencer closes Neasden distribution centre
Marks & Spencer has ceased operations at its Neasden clothing and home distribution centre, transferring staff to other sites in the M&S network. The group’s new Welham Green warehouse will be fitted out and tested during 2018 and is expected to start operations in the first months of 2019. The…
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17 January
Seasalt reports record breaking Christmas sales
Cornish fashion brand Seasalt has reported a record year for Christmas trading, with overall sales up 52% for the five weeks leading up to 6 January 2018. Strong sales growth was recorded both online and in-store, with 72% online year-on-year growth and store sales up by 40%. Additionally, international sales…
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17 January
Hugo Boss reports a strong final quarter for 2017
Hugo Boss has “achieved its goals for 2017” following strong sales in its final quarter, it has reported in its preliminary results for the year. Sales for the luxury retailer were up by 5% to £652m in the final quarter, raising its full year sales by 3% to £2.4bn. The…
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17 January
Poundland to open 150 Pep&Co ‘shop-in-shop’ fashion stores
Poundland has announced it will be opening over 150 Pep&Co ‘shop-in-shop’ fashion outlets in its stores over the next 12 months. The expansion comes just days after the retailer secured new loan funding to maintain its investment plans. Poundland also confirmed it would open the first of over 30 Republic…
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16 January
Shop Direct posts 6.3% Christmas growth, appoints interim CEO
Shop Direct, which operates Very, Littlewoods and Very Exclusive brands, revealed its total group revenue increased by 6.3% during the seven weeks up to December 2017. The performance was driven by 16.8% growth in the Very brand, in what the group says is its “largest and fastest growing retail brand”.…
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15 January
Rigby and Peller loses royal warrant after revealing Queen’s bra measurements
Luxury lingerie retailer Rigby and Peller has lost its royal warrant after releasing a book containing the Queen’s bra measurements. The warrant was withdrawn after bra fitter and business owner, June Kenton, released a book called ‘Storm in a D-Cup’ . According to the BBC Kenton said there was “nothing…
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10 January
Moss Bros profit warning amid Christmas footfall drop
A disappointing performance during the Christmas period with drops in sales and footfall has forced Moss Bros to cut its profit forecast for the year. The menswear retailer said in a trading update for the 26 weeks to January 6 that, during the peak Christmas trading season throughout December, like-for-like…
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