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 -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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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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