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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Aug- 2024 -16 August
Lolë Brands acquires Sanuk
Lolë Brands, a global apparel company producing athleisure, active and outerwear, has acquired outdoor lifestyle footwear brand, Sanuk, previously a division of Deckers. The acquisition marks the second for Lolë in the past year as it expands its portfolio of “environmentally conscious” consumer brands. Founded in 1997 within the surfing,…
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13 August
Shein scouts Midlands warehouse ahead of London IPO
Shein is reportedly looking to open its first British warehouse within the Midlands’ “golden logistics triangle” ahead of its anticipated £50bn listing on the London Stock Exchange, according to The Telegraph. It is understood that the fast fashion giant has sent a team of representatives to the UK to look…
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9 August
Under Armour swings to $300m loss amid decline in revenues
Under Armour has reported an operating loss of $300m (£235.0m) for the three months ended 30 June 2024, as its sales dropped across all regions and categories. The group saw its revenues decline 10% to $1.2bn (£940m). In North America revenue decreased 14% to $709m (£555.5m), and international revenue decreased…
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7 August
White Stuff welcomes sales uptick in FY24
White Stuff has welcomed a strong year of trading, as sales rose by 2.4% to £155m in the year ended 27 April 2024, with EBITDA up by 23% to £8.6m. Its performance was boosted by full price sales, which were up by 6.8% against the prior year, driven by less promotional…
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6 August
Zalando sales rise 3.4% in Q2 amid sports division boost
Zalando has welcomed a strong second quarter of trading that was boosted by a rising demand in sportswear, as revenues rose by 3.4% to €2.6bn (£2.2bn) against the prior year.Gross merchandise volume (GMV) rose by 2.8% to €3.8bn (£3.26bn) and adjusted EBIT rose to €171.6m (£147m) in the second quarter,…
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5 August
Authentic names new Ted Baker licensing partners
Authentic Brands Group has announced that it has established three foundational licensing partners for Ted Baker, securing the future of the brand in the US and Canada. The new lineup includes the United Legwear and Apparel Co. (ULAC), BCI Brands and Peerless Clothing. United Legwear and Apparel Co. will design…
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5 August
Alo Yoga unveils second store on Regent Street
US luxury activewear brand Alo Yoga has announced the opening of its new flagship store on London’s Regent Street. The news comes after the brand launched its first store on King’s Road last November. The new Regent Street flagship store spans 10,000 square feet and features a complete range of…
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5 August
Seasalt profits and sales soar amid portfolio expansion
Seasalt has seen its full-year profits and sales rise “markedly” as more bricks-and-mortar stores were added to its high street estate.The Cornish clothing brand saw turnover rise by 12% to £132.6m in the year ended 27 January, The Sunday Times reported. This was largely boosted by in-store sales, which rose…
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2 August
Hugo Boss sees profits and revenues fall in Q2
Hugo Boss has reported a 42% drop in operating profit (EBIT) to €70m (£59m) in Q2 2024 due to lower revenues in the three month period as well as higher operating expenses. Its sales also dropped by 1% to €1.01bn (£858.5m) and EBIT margin decreased by 490 basis points to…
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Jul- 2024 -30 July
Hoka and Ugg brands boosts Deckers Q1 sales to $825.3m
Global apparel and footwear brand Deckers has reported a 22.1% increase in net sales to $825.3m (£641.6m) for the first fiscal quarter ended June 30, 2024. The group attributed this Q1 growth to its Hoka and Ugg brands which performed particularly well. Hoka’s net sales were up 29.7% to $545.2m…
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