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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Jul- 2024 -30 July
Boohoo hires advisers amid refinancing talks
Boohoo lenders have allegedly hired advisers to discuss refinancing options to tackle its £325m debt wall and losses. According to Bloomberg, creditors have hired FTI Consulting Inc to deal with the refinancing as Boohoo is also working with bankers at Rothschild and Co. The retailer’s latest annual report shows that…
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29 July
Axel Arigato opens flagship store in Covent Garden
Swedish footwear brand Axel Arigato has opened its flagship store in Covent Garden’s Seven Dials neighbourhood. With a footprint of 2,500 sq ft, Axel Arigato Covent Garden offers an extensive range of womenswear, menswear, and accessories, including sneakers and ready-to-wear. To celebrate its 10th anniversary, the brand will also launch…
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29 July
Ted Baker plans to shut all UK stores within weeks
Embattled retailer Ted Baker is considering shutting all of its stores within the next few weeks, according to reports first revealed by The Sun newspaper. Ted Baker has already shuttered 15 stores across the UK, resulting in the loss of 245 jobs, after the business behind the brand, No Ordinary…
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26 July
Hobbs to open at Trafford Centre
British womenswear brand Hobbs has announced that it is set to open at Trafford Centre this autumn. The new 4,000 square foot store, located on Upper Regent Crescent, will stock the brand’s mainline range, as well as the store’s limited-edition collections and petite ranges. Hobbs has recently re-evaluated the look…
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24 July
Seven Dials to welcome quartet of store openings
Covent Garden’s Seven Dials is set to welcome NN.07 first standalone UK store, Form&Thread’s West End debut and the opening of Wax London’s third boutique alongside Vivobarefoot’s upsized flagship store. Introducing its first standalone UK store, NN.07 will be opening at Seven Dial’s 7 Earlham Street in August. The opening…
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23 July
Matalan adds over 25 new brands to online offering
Matalan has added over 25 new third-party brands as part of its efforts to improve the choice quality products on offer. Over the next few months, customers will see a host of new brands available on the Matalan website across all core categories. This includes womenswear options from fashion-forward brands…
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22 July
Cotton Traders sees sales and profits dip amid ‘challenging conditions’
British heritage fashion brand, Cotton Traders, has seen its FY23 operating profit fall 9.9% to £9.8m in what it called a “steady performance” in the face of inflation and the cost-of-living crisis. The brand also reported turnover of £109.4m (-1.7% vs. 2022) and an EBITDA of £11.57m (-7.9%vs.2022). Amongst other…
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18 July
EssilorLuxottica to acquire Supreme from VF Corp
EssilorLuxottica, a global manufacturer in the optical industry, has announced that it has agreed a deal to acquire Supreme from VF Corporation in a deal worth $1.5bn (£1.15bn). The deal will see the eyewear giant expand into the streetwear segment for the first time.The transaction is expected to close by…
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17 July
Berghaus to open new store in Gloucester Quays
Outdoor brand Berghaus has signed a new location at Gloucester Quays for its second standalone UK store. Launching this summer in a 2,117 sq ft store opposite Adidas, the outdoor brand will cater to activities including walking, mountaineering, and climbing, with a wide selection of clothing, footwear and equipment for…
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17 July
Adidas raises FY guidance following ‘better-than expected’ trading
Adidas has raised its full-year guidance following “better-than-expected” performance during the second quarter of the year. Preliminary results show that the sportswear brand operating profit in Q2 increased to €346m (£290m), up from €176m (147m) in 2023, including a contribution of around €50m (£41m) from the sale of parts of…
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