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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Sep- 2024 -23 September
Hugo Boss profits drop to £12.3m in FY23
Hugo Boss has reported a 50% decline in profits to £12.3m and a 39% decrease in operating profit to £19.7m for the year ended 31 December 2023. Its turnover also decreased by 3% during the year to £392m. Retail sales decreased from £206.9m to £204.2m, while wholesale turnover dropped from…
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19 September
Levi’s opens new store in Knightsbridge
Levi Strauss and Co has announced the opening of its new Levi’s store in London’s Knightsbridge Estate, the second largest retail hub in the UK capital. The new store, with a “prominent” glass façade, spans approximately 300m² across two floors, delivering “elevated” retail experiences to London shoppers and reinforcing the…
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19 September
Next ups guidance again as it closes in on £1bn profit
Next has announced that it has upped its full-year profit guidance by £15m, up to £995m, as it closes in on £1bn profit. This is the second time in two months that Next has increased its guidance after increasing it in August to £980m as a result of strong summer…
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18 September
Footasylum profits double to £6m in ‘record’ FY results
Footasylum has reported that its profit before tax more than doubled, rising 112% to £6m during the period ended 27 January 2024, marking another year of record growth. The group also reported record revenues, which increased by 7% to £319.5m, with EBITDA rising 41% to £22.5m and operating profits rising…
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17 September
AllSaints FY operating profit jumps 40% to £39.9m
AllSaints has reported a “record performance” as its operating profit rose 40% to £39.9m for the year ended 3 February 2024. In the 12 months, total revenue edged up 0.6% to £459.5m as the brand reduced its promotional and markdown activity and changed its sales mix due to the focus…
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16 September
Proposed US tax changes will not hurt competitive edge, Shein says
Government plans to close a loophole in the US that allows low-value shipments to enter the country duty free will not damage business for Shein, its executive chairman Donald Tang has said. According to The Business of Fashion, Tang said it would not affect the company’s market position, after White…
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16 September
British Fashion Council partners with JD.com
The British Fashion Council (BFC) has announced a new partnership between the BFC/Vogue Designer Fashion Fund and JD.com Inc., China’s largest retailer with 258.3m customers. With China being the world’s second largest consumer and luxury market and an increased interest from Chinese consumers for British designers, the partnership will allow…
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13 September
Barbour opens new store at Victoria Leeds
British heritage and lifestyle brand, Barbour, has opened its city debut store at Redical’s Victoria Leeds, marking its first New Heritage retail shop outside of London. Spanning two floors at Victoria Quarter’s 9-11 King Edward Street, the Barbour store is centred around the brand’s new design concept of New Heritage,…
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13 September
Hotter Shoes acquires German retailer Peter Hahn
Hotter Shoes owner Wourth Group has announced it has acquired German retailer Peter Hahn out of administration. The investment into Peter Hahn, a traditional and internationally active multi-channel company for fashion and lifestyle for so-called “best-ager” customers, with headquarters in Winterbach, is a decisive step towards the long-term reorganisation and…
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12 September
NN.07 opens standalone store in Covent Garden
NN.07, the sustainable menswear brand, has opened its debut UK standalone store in Covent Garden’s Seven Dials as Gandys and Batch London are also set to join the destination. NN.07, short for ‘No Nationality’, has launched its first standalone UK store in the heart of Covent Garden’s Seven Dials at…
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