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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Jun- 2024 -10 June
Alo Yoga to open new store in Covent Garden
Alo Yoga, the luxury activewear brand, has selected Covent Garden as the UK location for a new store. The lifestyle brand is set to open its 5,000 sq ft anchor unit at the junction of Neal Street and Earlham Street, a gateway to Covent Garden’s Seven Dials neighbourhood. Alo Yoga’s…
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6 June
N Brown returns to profit despite weakened sales
N Brown has posted a profit-before-tax of £5.3m, up from a loss of £71.1m, for the year ended 2 March 2024. Despite this increase, the company saw its revenue drop 9.8% down to £600.9m from £677.5m. The company’s product revenue also dropped 10.6% from £433.4m down to £381.2m. Alongside this,…
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6 June
Authentic Brands Group to acquire Champion
Authentic Brands Group, a global brand development, marketing, and entertainment platform, has signed a binding agreement to purchase the Champion Athleticwear brand and business from HanesBrands. According to Authentic, the “strategic” move demonstrates its commitment to expanding its portfolio of sports, lifestyle, entertainment and media brands and will increase its…
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5 June
Zara owner Inditex sees sales rise to €8.2bn in Q1
Zara owner Inditex has reported a 7.1% increase in sales to €8.2bn (£6.98bn) in the first quarter of 2024. The group’s gross profit also increased 7.3% to €4.9bn (£4.17bn) and gross margin reached 60.6%. Additionally, the group’s EBITDA rose by 8% to €2.4bn (£2.04bn) and EBIT increased 10.3% to €1.6bn…
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4 June
WIT Fitness to relaunch with founders amid Frasers partnership
WIT Fitness is set to relaunch with its original founders, having been acquired by Frasers Group in January 2024.Following the acquisition, founders Sam Kitching and Daniel Williams will lead WIT in partnership with Frasers Group. Frasers said the return of the founders will “help restore the WIT brand and reconnect…
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3 June
Lululemon opens upsized store in Covent Garden
Athletic apparel brand, lululemon, has officially launched its upsized store on Long Acre within The Yards, Covent Garden. Opening its doors in a new corner unit on Long Acre, the new store is a 130% upsize for lululemon at 8,330 sq ft, marking a significant investment from the international brand.…
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3 June
Shein to file for £50bn London float
Shein is reportedly eyeing a London flotation that would value the fast-fashion company at £50bn. According to Sky News, the company is set to file a prospectus with the Financial Conduct Authority for approval ahead of the potential float. Sources told Sky that the filing could potentially take place this…
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3 June
Superdry landlord drops challenge to restructuring proposal
M&G, landlord of Superdry’s London flagship store, will not formally seek to block a restructuring proposal, Sky News has reported. It is understood that Superdry received a reprieve after M&G backed down from a challenge to the struggling fashion chain’s rescue plan. As a result, M&G has decided not to…
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May- 2024 -31 May
JD Sports PBT dips 8% amid ‘challenging market’
JD Sports has seen its profit-before-tax fall 8% down to £912.4m for the year ended 27 January 2024. Despite this, the company has still stated it saw “strategic progress in a challenging market”. As a result, its revenue rise 2.7% from £1.13bn in the period last year up to £1.4bn…
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30 May
Carhartt WIP to open new flagship store in Soho
Lifestyle and apparel brand Carhartt WIP has recently signed for a new flagship store in Soho at 33-35 Brewer Street. Carhartt WIP will open a 4,000 sq ft store and stock the brand’s seasonal men’s and women’s collections, as well as gadgets, accessories, and special collaborative projects. The space will…
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