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- 2025 -11 June
Debenhams Group adopts AI for real-time pricing across brands
Debenhams Group has introduced artificial intelligence (AI) technology across its brands to automate product pricing and promotions in real time. The news follows the retailer’s partnership with AI platform Peak to replace manual pricing with automated, data-driven processes. The rollout will cover thousands of stock keeping units (SKUs) across its…
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9 June
River Island owners prepare rescue plan amid tough market conditions
High street fashion brand River Island has reportedly appointed advisers from PwC to draft a restructuring plan amid tough trading conditions, which could result in store closures and job losses, according to Sky News. Sources revealed to the outlet that although no definitive decisions have been made about the company’s…
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9 June
Matalan to open 10 stores annually amid £25m investment
Matalan has announced that it is set to invest over £25m in its UK store estate following the £25m of additional funding secured from its anchor investors last month. This marks the first phase of a long-term programme to modernise Matalan’s full estate over the next three to five years…
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5 June
Stradivarius to open first Glasgow store at Silverburn
Spanish fashion brand Stradivarius will open its first Glasgow store at Silverburn, joining a line-up of Inditex-owned retailers at the shopping centre. The brand, part of international fashion group Inditex, will occupy a 6,462 sq ft unit. Its arrival will bring the number of Inditex stores at Silverburn to four,…
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5 June
Dr Martens FY profits fall to £34m as sales drop 8%
Dr Martens has reported that adjusted pre-tax profits fell to £34.1m, or £40.3m on a constant currency basis, down from £97.2m in its latest financial results. Despite this, the group said it is expecting “a return to profit growth” in FY26 as its turnaround strategy progresses. According to the group’s…
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5 June
Weird Fish revenues and profits surge
British lifestyle clothing and accessories brand Weird Fish has reported “record” results for the year ending 31st December 2024, as its revenues increased 11.4% to £42.6m, and EBITDA increased 110% to £5.38m. The group’s gross profit was also up 27% to £27m as the business focused on physical expansion and…
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4 June
Nike appoints Michael Gonda as executive VP and CCO
Nike has announced that it has appointed Michael Gonda executive vice president and chief communications officer of Nike, effective 7 July, 2025. In this role, Gonda will lead the global communications organisation, overseeing all facets of the communications strategy, including storytelling, corporate and brand reputation, issues management, and employee engagement.…
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2 June
Burberry pays CEO £2.6m amid turnaround and widespread job cuts
Burberry has revealed that it has paid new CEO Joshua Schulman almost £2.6m in his first nine months in charge despite widespread job cuts at the company. In recent months Burberry announced plans to cut 1,700 jobs worldwide by 2027, including removing the entire night shift of 170 people at…
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May- 2025 -30 May
Capri Holdings revenues fall by 15% to $1bn in Q4
Versace owner Capri Holdings saw its revenues fall by 15.4% to $1bn (£742m) in the fourth quarter ended 29 March. It comes as net losses widened to $645m (£478m), up from a net loss of $472m (£350m) the prior year. Gross profit also fell to $631m (£468m) and gross margin…
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29 May
Shein shifts focus to Hong Kong listing after London IPO stalls
Shein is reportedly pivoting towards a listing in Hong Kong after a proposed IPO in London hit a roadblock from Chinese regulators, sources have told Reuters. The retailer is said to be looking to file a draft prospectus with Hong Kong’s stock exchange in the coming weeks, with plans to…
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