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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Mar- 2024 -12 March
Hype co-founders resign
Leicester-based streetwear brand Hype has announced the departure of co-founders Liam Green and Bav Samani less than a year after its pre-pack rescue. Hype entered into administration on 31 March 2023 due to falling sales and tackling excess stock post-Covid. Carl Jackson and Kelly Mitchell of Quantuma Advisory were appointed…
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11 March
Charles Clinkard sales rise 7% in 2023
Footwear retailer Charles Clinkard has announced that overall sales rose by 7% in 2023 compared with the previous year. This success has allowed the business to invest even further into the high street, with a £350k investment into a full refurbishment of its Bristol store last month and an additional…
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11 March
Golden Goose revenues rise 18% in FY23
Italian shoe brand Golden Goose has experienced an 18% rise in net revenues to €587m (£500m) for the year ended 31 December 2023 ahead of its IPO this year. During 2023, the group reported that adjusted EBITDA stood at €200m (£170m), spelling an increase of 19% on FY22. The retailer…
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8 March
M&S expands Nobody’s Child presence to 60 stores
M&S has announced it will welcome fashion brand Nobody’s Child to 48 more stores across the UK from March, bringing the total number of M&S stores the brand is available in to 60. As well as welcoming the brand back to popular locations including Trafford Manchester, the pop-up shops will…
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8 March
Frasers Group puts Matches into administration
Frasers Group has announced that it has put Matches into administration just two months after acquiring the business. Frasers stated that the decision had been taken after Matches consistently missed its business plan targets and made material losses outside of funding from Frasers. It is unclear whether Frasers is looking…
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8 March
Abercrombie and Fitch sales hit $4.3bn in FY23
Abercrombie and Fitch has reported net sales of $4.3bn (£3.4bn) for the full-year ending 3 February, up 16% as compared to last year. Throughout the year, Abercrombie brands finished with a 27% net sales growth to $2.2bn (£1.7bn) compared to $1.7bn (£1.3bn) in 2022, reflecting a 10% compound annual growth…
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8 March
Foot Locker net losses widen to £300m in Q4
Foot Locker has reported a net loss of $389m (£304.8m) for the fourth quarter ended 3 February 2024, one year into the footwear and clothing retailer’s turnaround strategy. The loss comes after the group reported a net income of $19m (£14m) in the previous year’s Q4, which was caused by…
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8 March
Superdry appoints restructuring firm to explore cost-saving options
Superdry has drafted in advisers from restructuring firm Teneo in a bid to explore cost-saving options, Drapers has reported. The retailer has reportedly been working with the firm on a turnaround plan over the past few weeks. Drapers said Superdry was considering various cost-saving measures, including a potential company voluntary arrangement…
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7 March
Charity Super.Mkt to open debut outlet store at Gloucester Quays
Charity Super.Mkt, the UK’s first-ever multi-charity shop, is set to open its next pop-up at urban outlet Gloucester Quays. The 4,000 sq ft store will launch at the outlet on 14 March, introducing its ‘second-hand department store’ concept to an entrance off High Orchard Street. Charity Super.Mkt will bring together…
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7 March
Shein UK breaches company law by failing to disclose PSC
Shein’s UK arm has reportedly failed to disclose its ultimate ownership, breaching company law that could disrupt its reported plans to list in the UK, According to The Guardian. The publication said it was found that Shein Distribution UK Ltd’s filing with Companies House listed Roadget Business Pte Ltd, which…
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