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 -1 October
Mulberry rejects Frasers’ £83m takeover offer
Mulberry has rejected a £83m offer from Frasers to take over the company, after stating its offer “did not recognise the company’s substantial future potential value”.Frasers had made the 130 pence-per-share offer yesterday, which would see it acquire 36.8% of the handbag company. Mulberry’s board said it carefully considered the…
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Sep- 2024 -30 September
Peak Performance opens new shop in Covent Garden
Scandinavian outdoor brand Peak Performance has opened its debut UK store in Covent Garden. Renowned for its bold design and technical innovation, Peak Performance has opened a 1,700 sq ft store in 49 Long Acre, delivering its ski and outdoor wear to the UK in a standalone space for the…
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30 September
Former Missguided owner in talks to buy Kurt Geiger
Alteri Investors, former owner of Missguided, is reportedly among a number of parties in discussions to buy Kurt Geiger, according to Sky News. City sources told Sky that the talks were at an early stage and were not being held on an exclusive basis. Several other parties are also considering…
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30 September
Boohoo considers break-up of business
Boohoo bosses are reportedly mulling a break-up of the company after shareholders have pressured the group to revive the business. According to The Times, a number of shareholders at the online retailer are understood to have urged the board to break up the group and spin off its core brands…
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26 September
H&M lowers profit target as sales flatline in Q3
H&M has revealed that it does not expect to hit its profit margin of 10% which it forecast for the full year as it posted flat net sales of SEK59bn (£4.35bn) for the three months ended 31 August 2024. Its operating profit in the third quarter dropped 26% to SEK3.5bn…
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25 September
Asos to axe more than 200 head office jobs
Asos could reportedly axe over 200 jobs at its head office as it mulls a restructuring amid recent heavy losses at the company. According to The Mirror, head office employees now face job losses as the company is looking to streamline the business in a bid to return to profit. Asos…
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25 September
ASA bans ‘misleading’ Nike trainers advert
The Advertising Standards Authority has banned a Nike trainers ad for potentially misleading customers. The ad, which featured an image of a pair of trainers with the caption ‘Now just £26 at Nike!’, clicked through to a product listing on the Nike website but was only limited to sizes UK…
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24 September
Represent Clothing turnover hits £80.8m in FY23
Clothing retailer Represent has delivered “exceptional” results for the year ended 31 December 2023, as its turnover increased 67% to £80.8m. Its operating profit-before-tax also increased from £9m in 2022 to £13m in 2023. Meanwhile, the group reported EBITDA of £14.6m, reflecting an increase of £4.8m in the prior year.…
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23 September
Berghaus opens store at Gloucester Quays
Outdoor brand Berghaus has opened its second standalone UK store at Gloucester Quays. The new Berghaus store has opened opposite Adidas, delivering its outdoor-focused philosophy and signature range of performance gear to the South West in a standalone store for the first time. Designed to ensure proper support for outdoor…
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23 September
Oliver Bonas profits fall to £6.8m amid high inflation
Oliver Bonas profits dropped to £6.8m for the year ended 31 December 2023 as the company struggled with growing interest rates and high inflation. Although profit before tax fell 5%, EBITDA rose by 11%. Turnover for the company was also up 18% to £136m. In addition, on the digital side,…
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