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.
-
Feb- 2024 -23 February
Shein eyes Boohoo suppliers for UK expansion
Shein has reportedly begun the process of onboarding a number of Boohoo suppliers as it ramps up its UK expansion, according to Drapers. The company reportedly sent an invitation email to suppliers used by Boohoo late last year, and some are now in discussions with Shein’s Chinese office in Guangzhou.…
Read More » -
23 February
Gymshark FY23 PBT halves despite healthy sales
Gymshark has revealed that sales rose 15% to £556m in 2023, despite posting a pre-tax profits fall from £27.8m to £13m for the 12 months to 31 July. The activewear group attributed its rise in sales to the “relevance and quality” of its products, as EBITDA also rose in line…
Read More » -
23 February
Zara owner expands budget brand Lefties in bid to rival Shein
Zara owner Inditex is reportedly expanding its low-priced, Gen Z-focused brand Lefties in a bid to be competitive against fast fashion rivals such as Shein. According to Reuters, the company is “quietly growing” its budget ranges as part of this strategy, including the expansion of Lefties, which sells €17.99 (£15)…
Read More » -
22 February
LDC and Faire launch pop-up for ethical UK fashion brands
Lone Design Club and online wholesale marketplace, Faire, have launched their first ever collaborative pop-up during London Fashion Month to give exclusive physical selling space to emerging and conscious UK fashion brands. The collaborative space in Covent Garden will be running until Wednesday 28 February, featuring the likes of Arctic…
Read More » -
22 February
Pepco to cease Austrian operations
Pepco Group has announced that it is set to cease its operations in Austria as it does not foresee that the Austrian market will reach the appropriate level of returns expected. The company stated that the exit from the Austrian market will improve the group’s cash flow and underlying profitability…
Read More » -
22 February
Tomorrow Limited acquires A Cold Wall
Tomorrow Limited, a London-based fashion accelerator, has acquired designer streetwear brand A Cold Wall for an undisclosed sum. A Cold Wall was founded in 2015 by Samuel Ross and Tomorrow Limited made its first minority investment in the label in 2018. While Ross and Stefano Martinetto, co-founder and CEO of…
Read More » -
22 February
Sports Direct launches Swiss brand On in selected stores
Sports Direct has announced the launch of On across its key stores including flagships in London, Birmingham, Manchester and its brand new Cardiff location, opening on 23 February. On has gained “significant” industry recognition and consumer popularity in recent years for its innovative technology, performance focused products and sustainable initiatives. …
Read More » -
20 February
Superdry founder in talks with US investor for take private deal
Superdry founder Julian Dunkerton is reportedly in talks with US investor Davidson Kempner as he seeks to put together a deal to take the company private, according to Sky News. The outlet said talks are at a preliminary stage and there is no guarantee that Davidson Kempner will agree to…
Read More » -
19 February
Mytheresa outperforms market despite falling profits
Luxury clothing retailer Mytheresa has hailed its Q2 performance as it said it “outperformed almost all competitors” despite posting an operating loss of €4.4m (£3.7m). For the second quarter ended 31 December 2024, Mytheresa said it saw solid growth with Net Sales increasing +8.3% on a constant currency basis despite…
Read More » -
19 February
Nike to cut 1,600 jobs in cost trimming measure
Nike is set to cut 1,600 jobs, around 2% of its workforce, in an attempt to trim its costs after worse than expected sales in the second half of 2023. In an internal email seen by The Wall Street Journal the company stated it would use its resources to increase…
Read More »
