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 -29 August
Quiz swings to £5.2m loss as cost-of-living crisis hits sales
Quiz has swung to a loss of £5.2m in its full-year results, down from a profit of £2.3m the prior year, as cost-of-living pressures impacted sales over the period. For the year ended 31 March 2024, the retailer saw sales fall by 11% to £82m against the £91.7m reported in FY23. …
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28 August
Moss opens in Caledonia Park
Menswear brand Moss has opened a new shop at Scotland’s designer outlet village Caledonia Park. The brand, which recently dropped “Bros” from its branding, has opened a 2,984 sq ft unit at the shopping destination, bringing its full ready-to-wear collection of tailoring and casualwear to the outlet. An expert team…
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28 August
N Brown completes website roll out for its three strategic brands
N Brown Group has announced the successful launch of its new trading website for JD Williams – the group’s leading midlife retail brand. The launch completes the transformational priority to roll out new websites for all three of its strategic brands ahead of peak 2024 which it said marks an…
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28 August
Frasers to grow presence in Australia with latest investment
Frasers Group has announced the purchase of a 14.65% strategic investment in Accent Group Limited, a retail and distribution business in the performance and lifestyle market in Australia and New Zealand. The news comes as Frasers aims to grow its presence in Australia and New Zealand through partnerships to help…
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27 August
Barbour opens new concept store in Covent Garden
British luxury lifestyle brand Barbour has opened at 37 Neal Street in Covent Garden’s Seven Dials neighbourhood. The historic retailer’s store is centred around its design concept of New Heritage, which celebrates its dual identity as both “historic in legacy and contemporary in design”. In a nod to Barbour’s 130-year…
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27 August
M&S to trial new clothing-only format as fashion sales rebound
Marks and Spencer is reportedly looking to open clothing-only stores after a rise in demand for its lingerie and cashmere jumpers helped undo years of dwindling fashion sales, according to The Telegraph. It comes as the retailer plans to trial its first clothing-only store in London’s Battersea Power Station later…
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27 August
Lanvin HY revenues decline 20% amid global luxury slowdown
Lanvin Group, which owns Wolford, Sergio Rossi and Caruso brands, has reported a 20% decline in revenues to €171m (£144.5m) in H1 2024. DTC channel revenue decreased by 14% and wholesale revenue by 30%. Meanwhile, other revenue growth comprising royalty and clearance income decreased 15% due to Lanvin’s reduction of…
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23 August
Fred Perry PBT jumps 11.5% to £18.5m
Fred Perry has revealed its profit-before-tax jumped 11.5% to £18.4m in the year ended 31 December 2023. In its most recent filings to Companies House, the clothing and sportswear retailer, founded by the eponymous Wimbledon champion, revealed its turnover also jumped 10% to £154.1m as its European and and International…
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23 August
Shein uncovers two cases of child labour in supply chain
Shein has revealed it uncovered two cases of child labour in its supply chain last year, as both cases were resolved “swiftly”, with a series of remediation steps put in place following the discoveries.From Q1 to Q3 2023, Shein Responsible Sourcing (SRS) audits uncovered the two cases in the supply…
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22 August
TK Maxx owner ups FY profit guidance
TK Maxx owner, TJX Companies, has revealed it has upped its FY profit guidance after its comparable store sales increased 4% during the second quarter of the year. It reported net sales for the second quarter of $13.5bn (£10.2bn), an increase of 6% versus the second quarter of Fiscal 2024.…
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