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 -10 October
Uniqlo owner sees profits jump 24% to £2.46bn in FY24
Uniqlo’s parent company, Fast Retailing, has revealed that full-year profits rose by 24.9% to ¥283.4bn (£2.46bn), while total group revenues rose 12.2% to surpass ¥3tn (£16.2bn). In the full year ended 31 August, operating profits also rose by 31.4% to ¥500bn (£2.7bn). It comes as Uniqlo in Japan and internationally…
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10 October
Asos completes Topshop sale
Online fashion retailer Asos has completed the sale of Topshop and Topman brands to a joint venture led by Heartland for an undisclosed sum. The news comes after Asos announced its plans to offload the brands on 5 September 2024, amid a refinancing of the business. Following the sale, Heartland,…
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10 October
N Brown returns to H1 profitability despite revenue fall
N Brown has posted a pre-tax profit of £200,000 for the half year ended 31 August 2024, up from a loss of £2.8m in the same period last year. This profit comes despite the fact that the company saw its revenues fall 6.7% down to £277.2m from £297m. The retailer…
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9 October
Charles Tyrwhitt to open new shop in Trafford Centre
Formal menswear brand Charles Tyrwhitt is set to open a new shop in Trafford Centre in November. The new 1,776 sq ft shop will be located on Upper Regent Crescent and will stock all the brand’s latest Autumn Winter 2024 collections. The collection features both formalwear and casualwear, including shirts,…
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9 October
Primark to open US flagship in Manhattan
Primark is set to open its first Manhattan store in New York City as it continues its US expansion. The store will be located in Herald Square in the revitalised Penn District at 150 W 34th street and will serve as a flagship location for Primark. Located directly across the…
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9 October
Shein’s UK profits double as sales hit £1.55bn in 2023
Shein’s UK arm has seen revenues rise by 38% to £1.55bn in the year ended 31 December 2023, up from £1.12bn the prior year.Meanwhile, pre-tax profit doubled from £12.2m to £24.4m over the year, according to new filings on Companies House. In the latest accounts for Shein Distribution UK Ltd,…
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8 October
Hobbs to upsize Victoria Leeds flagship store
Hobbs has announced that it is upsizing its shop in Victoria Leeds relocating from Victoria Quarter to a 30% larger unit at Victoria Gate. Due to open in November, the new 4,200 sq ft flagship store will allow Hobbs to showcase a wider selection of its signature women’s clothing, shoes,…
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8 October
Sosandar opens fourth site in Cardiff
Sosandar, the women’s fashion brand, has announced that it has signed a lease agreement for its fourth store, in Cardiff’s St David’s centre. The news follows the recent store openings in Chelmsford, Marlow and the Metrocentre. St David’s occupies one third of Cardiff’s city centre and Sosandar’s new store will…
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7 October
Sloane Stanley Estate welcomes two new independent retailers
The Sloane Stanley Estate has announced two new design-led independents, Penelope Chilvers and KayaNuka, are joining the King’s Road. Penelope Chilvers has opened a 1,327 sq ft store on Sloane Stanley’s King’s Road, bringing its “made-to-last fashion” to the Chelsea neighbourhood alongside its locations in Notting Hill, Mayfair, Belgravia, and…
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7 October
Weird Fish improves profitability in FY23
Weird Fish, the British lifestyle clothing and accessories brand, has revealed its EBITDA increased 80% to £2.6m as the business accelerated investment across both online and in store and reduced overall discounting in the year ending 31 December 2023. Weird Fish said the move to improve profitability led to a…
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