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 -22 October
Sosandar HY losses narrow to £0.7m
Women’s fashion brand Sosandar has revealed that its losses narrowed to £0.7m, from a loss of £1.3m, for the six-month period ended 30 September 2024 as a result of margin enhancement and continued careful cost management. Overall, the group’s revenues fell from £22.2m in the prior year to £16.2m as…
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21 October
Reiss opens new store at Gloucester Quays
Fashion brand Reiss has opened a new store at Gloucester Quays, its first-ever in the city and only outlet in the South-West. Reiss’s Gloucester Quays store has opened opposite The North Face and next to Skechers, occupying 1,800 sq ft. The debut shop features the brand’s collections of men’s, women’s…
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21 October
UK serial returners to drive £6.6bn in online returns in 2024
The retail sector is currently seeing a surge in the number of ‘serial returns’, with an estimated £6.6bn of online returns in 2024, according to the Annual Returns Benchmark Report 2024 conducted by returns specialists ZigZag, in partnership with Retail Economics. The report stated that serial returners, accounting for one…
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21 October
Bruno Cucinelli revenues hit €920m
Bruno Cucinelli has revealed that its revenues have hit €920.2m (£767m) for the nine months ended 30 September 2024, an increase of 12.4% compared with the same period last year. Alongside this, the company saw an increase of 17.6% in the Americas and an 8% increase in Europe paired with…
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21 October
Hotter Shoes to increase UK production
Hotter Shoes’ new owner, WoolOvers, reportedly has plans to increase the number of products it makes within the UK to one million pairs of shoes a year, according to The Times. The news comes after WoolOvers acquired the footwear retailer out of administration for £6.7m a year earlier. Prior to…
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18 October
Boohoo CEO to leave amid strategic review and new debt deal
Boohoo has announced that its CEO John Lyttle is set to step down after five years in the role. He will continue to work with the leadership team and board over the coming months whilst a successor is found. It comes as the retailer has secured a £222m debt refinancing…
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17 October
Mint Velvet opens new store in centre:mk
Mint Velvet, the British womenswear brand, has opened its new boutique and debut Milton Keynes location, within centre:mk’s premium Silbury Arcade. Spanning 2,100 sq ft, the store offers Mint Velvet’s latest collection of womenswear footwear, and accessories. Designed by London-based StudioJill, the interior reflects the brand’s “distinct relaxed glamour identity”. …
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17 October
N Brown agrees £191m takeover deal by Alliance family
N Brown has agreed to a £191m takeover deal that will see Joshua Alliance, a member of the group’s founding family, acquire the company. Alliance, currently a non-executive director of N Brown, made a cash offer of 40p per share through his newly formed company, Falcon 24 Topco. He already owns…
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16 October
Adidas increases full-year guidance after better than expected Q3
Adidas has revealed that it has increased its full-year guidance following a better than expected performance in Q3. Adidas now expects its full-year revenues to increase by 10% on a currency neutral basis, up from high single digits, after a better than expected Q3. Alongside this, the company now expects…
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15 October
Footasylum appoints CCO and senior buying director
Footasylum has announced the appointments of Will Van Rensburg as chief commercial officer and Glen Wilkinson as senior buying director. Van Rensburg joined Footasylum in September and brings a wealth of experience from key leadership roles at prominent retailers, including Clarks Ltd, Under Armour, PVH, and Aldi. In his position…
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