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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Oct- 2024 -28 October
FatFace falls to £3.2m loss following Next takeover
FatFace has fallen to a pre-tax loss of £3.2m in the 35 weeks ended 27 January 2024, down from a profit of £19.5m the prior year, after exceptional costs rose over the period.It comes as the group faced exceptional costs of £7.9m related to integrations following its takeover by Next,…
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28 October
M&S adds self checkouts to changing rooms
Marks and Spencer is set to add self checkouts to its changing rooms across 180 clothing stores in order to prevent customers from having to queue twice, The Telegraph reported. The retailer reportedly already installed the new technology in 28 stores and it’s now planning to complete the roll out…
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25 October
Vinted eyes expansion beyond clothes amid €340m secondary share sale
Vinted has closed a secondary share sale of €340m (£283.5m) at a valuation of €5bn (£4.17bn) and is now looking to expand beyond clothes. In recent weeks, Vinted has begun the roll-out of a new category for electronics. The transaction, led by TPG, a leading global alternative asset manager, “validates…
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25 October
Boohoo refutes Frasers stone-walling claims over CEO proposal
Boohoo has responded to Frasers’ call to install Mike Ashley as CEO, rebutting claims it has “stone-walled” Frasers over discussions about the appointment, whilst also calling Frasers’ categorisation of its debt refinancing “inaccurate and unfair”.Earlier this week, Frasers Group called on Boohoo to appoint its founder Mike Ashley as director…
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24 October
Frasers calls for Boohoo to appoint Mike Ashley as CEO
Frasers Group has called on Boohoo to appoint its founder Mike Ashley as director and CEO of the struggling online company, after slamming the “continued incompetence” of the current Boohoo board amid an “abysmal” trading performance. In an open letter to Boohoo, Frasers urged the company to remove outgoing CEO John…
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24 October
Whistles owner in advanced talks to acquire White Stuff
The Foschini Group (TFG), which owns fashion retailers Whistles and Phase Eight, is reportedly in “advanced” talks to acquire high street clothing retailer White Stuff, according to Sky News. Once acquired, Foschini aims to invest in the future expansion of White Stuff, Sky reported. While it is understood that a…
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23 October
Represent to open first UK store in Manchester
Fashion brand Represent is set to open the doors of its first ever UK store in Manchester on 26 October. Following a period of mass growth, the luxury menswear brand is now on track to deliver £100m in turnover by the end of the year. Founded in Manchester in 2011…
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23 October
All Saints appoints new ecommerce director
All Saints has appointed Liam Pryce as its new ecommerce director. Pryce joins All Saints after working for four years with FatFace as a digital director. During his term at FatFace, Pryce supported the migration of its operations to Next Total Platform. Throughout his retail career, he also worked with…
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23 October
Shein launches branded credit card with Mexican fintech Stori
Shein is set to launch its first branded credit card worldwide through a partnership with Mexican fintech company Stori, Reuters has reported. The credit card, which will be branded Mastercard, will offer points to use on Shein’s website with every purchase made as well as double points on clothes orders. …
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22 October
Oliver Bonas and ProCook to open new shops at Ashley Centre
British lifestyle store Oliver Bonas and kitchenware brand ProCook have signed for new shops at the Ashley Centre, Epsom’s shopping destination. Oliver Bonas will be opening a 2,390 sq ft store, showcasing its full range of fashion, homeware, jewellery, furniture, and gifting. Designed by the brand’s specialist team, the store…
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