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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Apr- 2024 -10 April
Next and Frasers Group mulls bid for Ted Baker
Mike Ashley’s Frasers Group and Next have expressed interest in acquiring Ted Baker, according to the Times. The news comes after the fashion label collapsed into administration and appointed Teneo Advisory as its administrator. Both Frasers and Next have contacted Teneo Advisory to explore a sale of all or parts…
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8 April
The Highlands Stores and PPL launches Out With Style
The Highlands and Pace Partnership London (PPL) has launched Out With Style, a new retail concept dedicated to the outdoors. Out With Style’s launch comes from The Highlands Stores, the owners of the flagship Barbour partner stores on Regents Street and Duke Street, with the help from the Pace Partnership…
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8 April
Zara to upsize shop at Bullring and Grand Central
Zara will significantly upsize its store at Bullring and Grand Central, as part of the repositioning of the Birmingham city centre asset and the repurposing of a former department store space. In a move that completes the repurposing of the former Debenhams, Zara is taking the top floor above M&S…
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8 April
Levi’s posts $11m loss despite increase in DTC revenue
Denim brand Levi Strauss and Co has reported a net loss of $11m (£8.71m) in Q1 2024 compared with net income of $115m (£91.09m) in the prior year. The group’s net revenue also decreased 8% to $1.6bn (£1.27bn) in Q1 2024 primarily due to the shift in wholesale shipments from…
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8 April
BRC boss warns greenwashing crackdown will discourage retailers
The CEO of the British Retail Consortium, Helen Dickinson, has warned that the CMA’s crackdown on greenwashing risks retailers scaling back their sustainability efforts. Dickinson’s comments to The Times follows the CMA’s announcement that it had secured “landmark changes” after the authority investigated the eco-friendly claims made by Asos, Boohoo…
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5 April
Logie Timber opens retail outlet near Forres
Scottish sawmill Logie Timber has opened a new retail outlet – Logie Timber Supplies – for woodwork and outdoor living at Logie Steading near Forres. Joining other independent retailers, the shop stocks a wide selection of clothing, outdoor equipment, gadgets and gifts. Alongside professional-grade tools and workwear, Logie Timber Supplies…
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3 April
Zara to upsize flagship store at Liverpool One
Zara is set to significantly expand its flagship store at Liverpool One later this year. The Inditex-owned brand will be undertaking a substantial refurbishment and expansion, which will see a brand-new 42,000 sq ft store open at the retail destination. Zara’s notable upsize will allow for an increased offer of…
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3 April
Secret Sales acquires Germany’s Dress-For-Less
Secret Sales, the marketplace for off-price retail in fashion, sportswear and beauty, has continued its international expansion with the acquisition of German online retailer, dress-for-less for an undisclosed sum. The “natural next step on an aggressive merger and acquisition (M&A) strategy”, Secret Sales said this deal solidifies it as “one…
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2 April
Shein profits clear $2bn mark ahead of IPO
Shein has seen its profits double to over $2bn (£1.6bn) while it waits to launch its IPO in either London or New York, according to the Financial Times. Furthermore, the company saw its sales jump to $45bn, becoming one of the most profitable fashion companies in the world. Only Inditex,…
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2 April
Superdry CEO abandons takeover as Hilco extends funding facility
Superdry CEO Julian Dunkerton’s plan to takeover the group has fallen through, as the fashion retailer has announced a funding facility extension of £20m with Hilco. The news comes after Dunkerton’s deadline to make an offer for the retailer was extended earlier this month. A statement in the London Stock…
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