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 -1 November
Boohoo snubs Ashley in favour of Debenhams CEO
Boohoo has announced the appointment of Debenhams CEO Dan Finley as its new CEO. The retailer has chosen to ignore the demands of Frasers Group owner Mike Ashley who demanded to be given the role. Finley, who has been with Debenhams for two years, will take up the role with…
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1 November
Castore swings to pre-tax loss of £28.8m despite sales surge
British sportswear brand Castore has reported a pre-tax loss of £28.8m for the year ended 4 February 2024 after previously recording a profit of £14.7m the prior year. The group stated that this result has been impacted by non-recurring warehouse consolidation, ongoing investment in the cost base and a challenging…
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Oct- 2024 -31 October
Reiss to open new store at Metrocentre
Reiss has announced that it will open a new location at Metrocentre shopping destination. The retailer will open a 3,933 sq ft space in Lower Red Mall in mid-November, stocking menswear, womenswear and accessories. Reiss will join an array of international retailers within this part of the destination, enhancing the…
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31 October
Dune posts £3.9m loss amid ‘challenging’ trading
Dune has reported an operating loss of £3.9m for the 52 weeks period ended 27 January 2024, compared with operating profit of £7.6m recorded the previous year. The group’s gross profit also declined from £69m to £68.2m, while EBITDA fell from £10.9m to £4.9m. Additionally, the brand’s turnover remained flat…
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30 October
Uniqlo to open at Liverpool One next year
Uniqlo is set to make its city debut at Liverpool One taking a 25,000 sq ft space at the shopping destination early next year. The new store will follow the retailer’s trademark “experience-led style”, showcasing Uniqlo’s signature high-quality womenswear, menswear and kidswear collections as well as its range of bags…
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30 October
Next profits set to top £1bn after autumn trading boost
Next profits are set to exceed £1bn for the first time ever this year, as strong sales over autumn have pushed its full-year guidance from £995m to £1.005bn.It comes as full price sales in the third quarter rose by 7.6% against last year, 2.6% ahead of Next’s previous quarterly guidance…
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30 October
VF Corp Q2 revenues fall 6%
North Face and Vans owner VF Corp has revealed that its revenues dropped 6% to $2.8bn (£2.15bn) for the three months ended 28 September 2024. However, this decrease in revenues is an improvement on the 10% decrease in revenues it posted in Q1 of this fiscal year. The North Face…
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29 October
Adidas Q3 revenues jump 10% to €6.4bn
Adidas has seen currency-neutral revenues rise 10% in the third quarter ended 30 September 2024, attributing the double-digit growth to “strong momentum” of the underlying Adidas business, which grew 14% over the period. In euro terms, revenues grew 7% to €6.4bn (£5.3bn), while operating profit increased 46% to €598m (£498m). …
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29 October
Abercrombie & Fitch and Hollister UK profits triple in FY24
The owner of Abercrombie and Fitch and Hollister in the UK has seen pre-tax profits triple in its full-year results, as profits rose to £9.8m, up from £3.2m the prior year. According to recent filings on Companies House, owner AFH Stores UK also reported that revenues hit £213m in the year…
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29 October
Dr Martens owner acquires stake in K-Way
Permira Growth Opportunities II, a fund advised by global investment firm and owner of Dr Martens Permira, has entered into an agreement to acquire a significant minority stake in K-Way, a premium French outerwear brand, from BasicNet SpA, led by the Boglione family. Founded in 1965 in Paris, K-Way has…
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