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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 -
    2 February
    Adidas to sell remaining Yeezy stock

    Adidas to sell remaining Yeezy stock

    Adidas has reported an operating profit of €268m (£229m) in 2023, compared with its previous guidance of a €100m (£85m) loss, which was driven by a better-than-expected operational business in Q4 and the company’s decision not to write off the vast majority of its existing Yeezy inventory. The 2023 operating…

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  • 1 February
    Boohoo lenders reject £75m debt extension bid

    Boohoo lenders reject £75m debt extension bid

    Boohoo’s attempt to extend its repayment deadline on a £325m debt has been rejected by some of its lenders due to declining sales, according to the Telegraph. The online retailer told the Telegraph that it has managed to push the deadline on the £250m of the borrowing, which was supported…

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  • Jan- 2024 -
    29 January
    Hela Apparel Holdings acquires Focus Brands

    Hela Apparel Holdings acquires Focus Brands

    Sri Lankan clothes manufacturer, Hela Apparel Holdings, has announced its acquisition of Focus Brands, a brand management company in one of its key markets.  The acquisition comes as Focus Brands currently holds exclusive licensing agreements for the design and distribution of a number of major names, including Ellesse and Nautica…

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  • 26 January
    M&S makes two new executive appointments

    M&S makes two new executive appointments

    M&S has announced the appointment of Rachel Higham as its new chief digital and technology officer and Mark Lemming as managing director of international. Higham is currently chief information officer at WPP and will join the business later this year. Prior to joining WPP, Higham was managing director for IT…

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  • 26 January
    Superdry reports ‘challenging’ trading amid new CFO announcement

    Superdry reports ‘challenging’ trading amid new CFO announcement

    Superdry has revealed its half-year revenues are down 23.5% to £219.8m due to a “challenging” consumer retail market as it also announces the appointment of a new CFO.  The wholesale division is down 41.1%, meanwhile the retail segment proved “more robust” in the first half but has also underperformed expectations…

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  • 25 January
    Dr Martens Q3 revenue drops 21% to £267.1m

    Dr Martens Q3 revenue drops 21% to £267.1m

    Dr Martens has revealed that its revenues dropped 21% to £267.1m in the three months ended 31 December 2023. Alongside this, the company announced that its revenues dropped 18% to £273.8m on a constant currency basis. Furthermore, the company stated that its e-commerce revenue dropped 9% year-on-year and 8% on…

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  • 25 January
    White Stuff to open new flagship store in Liverpool

    White Stuff to open new flagship store in Liverpool

    Lifestyle brand White Stuff has announced it is set to open a new flagship store at Liverpool One in the coming months. Located on Liverpool One’s Peter’s Lane, the new 1,800 sq. ft store will create 10 new jobs in the area, feature an “elevated” design format, and stock all…

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  • 25 January
    Puma sales dip in 2023 due to Argentinian peso devaluation

    Puma sales dip in 2023 due to Argentinian peso devaluation

    Puma achieved full-year currency-adjusted sales growth of 6.6%, with preliminary 2023 sales of €8.6bn (£7.3bn) due to the devaluation of the Argentinian peso by 54% in December 2023.  The company said that the peso devaluation and its hyperinflationary accounting treatment led to a significant gap between the underlying operating performance…

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  • 24 January
    Quiz blames inflation amid Xmas sales dip

    Quiz blames inflation amid Xmas sales dip

    Fashion retailer Quiz has blamed “inflationary pressures” for negatively impacting its sales performance during Christmas trading as its group sales decreased 11% to £8.8m. In a trading update for the four weeks ending 31 December 2023, the group said the reduction reflects the negative impact of inflationary pressures on consumer…

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  • 23 January
    Primark sales jump 7.9% to £3.3bn amid strong Christmas

    Primark sales jump 7.9% to £3.3bn amid strong Christmas

    Primark has reported a 7.9% increase in sales to £3.3bn for the 16 weeks ending 6 January 2024.  The sales increase was attributed to “slow start” given the unseasonably warm weather, and “strong Christmas trading”. Like-for-like sales grew by 2.1% driven by higher average selling prices.    Primarks owner, Associated British…

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