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- 2025 -2 January
Barbour profits surge 12.3% to £39.6m
British outerwear brand Barbour’s operating profits surged 12.3% to £39.6m for the year to 30 April 2024 despite a 6.2% drop in turnover to £321.8m. According to Barbour, its profits were driven by a focus on cost reductions and foreign exchange gains. However, its turnover was affected by a challenging…
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2 January
Quiz losses widen to £4.7m in H1
Quiz has reported an increase in pre-tax losses to £4.7m in the six months to 30 September 2024. The fashion retailer said that its “disappointing” results in part reflect the impact of inflationary pressures on consumer confidence and spending, which has led to an 8% reduction in revenues during the…
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Dec- 2024 -23 December
Quiz proposes stock market exit amid financial difficulties
Quiz has proposed plans to cancel its listing on the Alternative Investment Market (AIM) and re-register as a private company as a result of financial difficulties. The retailer is seeking investor approval for the move at its next general meeting scheduled for 8 January 2025. The vote will need a…
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23 December
Boohoo offloads head office for £49.5m
Boohoo has completed the sale of its London office for a total of £49.5m. Located on Great Pulteney Street, Soho, the site was sold to Global Holdings UK Limited, an independent property fund. Boohoo said the move would help to “further strengthen the company’s balance sheet”. Part of the proceeds will…
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20 December
Abaci selects London Designer Outlet for first UK store
Turkish womenswear retailer Abaci has chosen London Designer Outlet (LDO) for its first physical UK store after agreeing a 2-year lease to occupy a 1,418 sq ft unit. Abaci, which specialises in modest fashion, was founded in 1981 in Turkey and has since been a leader in the women’s apparel…
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20 December
Boohoo bans journalists from boardroom battle with Mike Ashley
Boohoo has reportedly blocked journalists from attending its boardroom showdown with Mike Ashley, following an ongoing battle over the fast-fashion company’s governance.According to The Telegraph, Boohoo told journalists that they will not be able to attend its annual general meeting today (20 December), where shareholders will vote on Frasers’ demands…
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19 December
Frasers Group given green light for new Warwickshire HQ
Frasers Group has reportedly been given planning permission to build new headquarters on green belt land in Warwickshire, according to reports from the BBC. The site will include a 100-room hotel, warehouses, research and development facilities, swimming pool and sports pitches. According to the BBC, it comes as the company…
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19 December
Birkenstock FY revenues rise 21% to €1.8bn
Birkenstock has reported that revenues rose by 21% to €1.8bn (£1.48bn) for the year to 30 September, slightly ahead of its previous guidance of 20%, due to continued “strong and growing” consumer demand for its products across the board. During the fourth quarter, Birkenstock’s revenues also rose 22% to €456m…
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18 December
Frasers CEO nominated for Hugo Boss board position
Hugo Boss has confirmed that Frasers CEO Michael Murray has been nominated for election to its supervisory board. Murray has been nominated alongside Andreas Kurali, the former deputy CFO of US tobacco firm Philip Morris International. The two men will be set to replace Gaetano Marzotto and Robin J. Stalker,…
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17 December
Shein considers listing below 10% rule in London float
Shein is reportedly considering asking UK regulators to waive listing rules that require at least 10% of its shares to be sold to the public ahead of its planned London flotation.According to Reuters, a source said the fast-fashion company was exploring this option to facilitate its IPO. If permitted, it…
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