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 -16 December
Pour Moi HY sales hit £20m amid M&S partnership
Swimwear and lingerie brand Pour Moi saw its sales rise by 12% to £20m during the six months to 30 September, thanks to its recent partnership with M&S, according to figures seen by The Times. Over the same period, the brand’s profits jumped by 66% to £3m. The brand began…
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16 December
Mango founder dies in mountain accident
Isak Andic, founder of fashion brand Mango, has died in an accident aged 71 while exploring caves in Barcelona. Spanish media reported the 71-year-old fell down a ravine to his death while hiking in caves that are part of a mountain range. Andic reportedly fell down a 150-metre ravine while…
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13 December
In The Style losses narrow amid job cuts
In The Style has revealed that it posted a loss-before-tax of £2.7m for the year ended 31 March 2024, compared with a loss of £7.7m in the previous year. Despite this, the company’s revenues fell from almost £46m to £30.4m, while UK sales were down from £42.7m to £29m over…
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12 December
Shein IPO could be delayed over supply chain checks
Shein’s London IPO could be set to be delayed after the FCA is taking longer than usual to give its go ahead as it takes its time to assess the fast fashion retailer’s supply chains, according to Reuters. The FCA is reportedly looking into Shein’s supply chain after receiving a…
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11 December
Zara owner Inditex misses expectations despite 7% surge in revenues
Inditex, the owner of fashion brands Zara, Stradivarius and Berksha, has seen its shares slide 6% in trading after its performance in the first nine months of the year came in below analysts expectations. Inditex reported revenues for the period of €27.4bn (£22.6bn) up 7.1% YOY and revealed that sales…
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9 December
Boohoo calls on shareholders to reject Mike Ashley’s board bid
Boohoo has urged its shareholders to vote against Mike Ashley’s board appointments ahead of its AGM on 20 December. In an update posted this morning, Boohoo revealed that independent proxy adviser Institutional Shareholder Services (ISS) has recommended shareholders vote against Fraser’s bid for board representation which would see Ashley as…
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6 December
Quiz appoints advisors amid disappointing November sales
Quiz has appointed advisors to review its financing and strategic options after it reported a 5.7% decline in revenues to £24.9m for the four-month period from 1 August to 30 November 2024. It warned that given the disappointing level of revenues during the key trading month of November the cash…
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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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