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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Nov- 2024 -26 November
Next triples presence at Bluewater with new upsized store
Next is growing its presence at Bluewater Kent by tripling its footprint at the shopping centre. The retailer will relocate into one of its largest stores in the UK as brands increasingly look to invest in the best locations. Next is upsizing from its existing 44,600 sq ft store into…
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26 November
Sosandar HY losses narrow
Sosandar has revealed that its losses have narrowed to £0.7m, down from £1.3m, for the half year ended 30 September 2024. The brand put this positive swing down to margin enhancement and continued careful cost management. However, the company’s revenues fell to £16.2m, down from £22.2m, as the group continued…
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26 November
Represent sells minority stake to investment firm True
Luxury brand Represent has sold a minority stake to investment and innovation firm True to accelerate its growth and global expansion. To help continue the brand’s success, True is also leveraging its experience in the consumer and retail sectors to accelerate growth across the world, channels, and categories — starting…
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25 November
Outdoor brand Sealskinz opens first store in London
British outdoor and premium apparel brand Sealskinz has announced the opening of its first ever store on 1 Hinde Street, Marylebone Village, London. After a competitive selection process, Sealskinz was selected as the occupant for The Howard de Walden Estate location, joining a number of premium brands. The permanent addition…
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25 November
Zara unveils 51,000sq ft flagship store at Bullring and Grand Central
Fashion retailer Zara has opened a new 51,000sq ft flagship store at Bullring and Grand Central in Birmingham. Part of Hammerson’s strategy to focus on the flight to quality, Zara is the latest global brand to invest in Bullring and Grand Central, joining Sephora, The Sidemen and PureSeoul in the…
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25 November
Boohoo secures lender consent for £39m fundraiser
Boohoo has confirmed it has secured lender consent from its lenders for a recent £39.3m fundraiser, after announcing an oversubscribed placing earlier this month. An application has now been made to the London Stock Exchange for admission of 126,908,442 new ordinary shares to trading on AIM. Dan Finley, CEO of Boohoo,…
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22 November
Saint + Sofia opens first physical store in Covent Garden
Contemporary womenswear brand Saint + Sofia has opened its debut bricks and mortar store in Covent Garden’s Seven Dials. After building significant commercial success online, Saint + Sofia makes its entrance to physical retail in a 1,600 sq ft flagship store in the heart of Covent Garden’s Seven Dials, at…
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21 November
Superdry warns of sales decline following stock exchange departure
Superdry has warned that its sales for the current financial year will continue to fall, following its departure from the London Stock Exchange to focus on its new restructuring plan. In documents filed with Companies House for the 52 week period ended 27 April 2024, the group reported a 22%…
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21 November
Frasers calls on Boohoo to oust founder Kamani as row continues
Frasers has openly called for Boohoo shareholders to oust Mahmud Kamani from the company and instead appoint Mike Ashley to the board, citing that “urgent change is needed” at Boohoo following its latest “dismal” results.In its latest open letter to shareholders, the Mike Ashley-owned group, which is a majority shareholder…
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21 November
Boohoo appoints new independent chair
Boohoo has announced the appointment of Tim Morris as the company’s independent chair with immediate effect. In his role as chair, Morris will be responsible among other things for overseeing the Group’s recently announced Business Review. Alongside this, Mahmud Kamani will become executive vice chair with immediate effect. Kamani has…
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