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 -1 March
Stuart Hill leaves Matches for DHL CEO role
Stuart Hill, COO of Matches Fashion, is set to leave his role to join DHL UK as its new CEO. In his new role, Hill will lead the company through the next phase of growth and oversee the opening of the company’s second hub in Coventry later this year. Prior…
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Feb- 2024 -29 February
Footasylum revenue jumps 7% to £320m in FY23
Footasylum has announced that its total revenue was up 7% to £320m for the financial year which ended 27 January 2024. EBITDA in FY24 for the group also jumped 38% to £22m, compared with £16m for FY23. The retailer experienced sales growth across all business channels during the year, helped…
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28 February
N Brown receives SBT approval
N Brown Group has announced that its near-term science-based targets to reduce greenhouse gas (GHG) emissions have been approved by the Science Based Targets initiative (‘SBTi’). By 2030, the group has committed to reduce scope 1, 2 and 3 GHG emissions from its operations by 46% from a 2021 base…
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28 February
Shein mulls London IPO amid resistance to New York listing
Shein is reportedly considering the possibility of switching its initial public offering to London from New York in what could be one of London’s biggest ever IPOs, Bloomberg has reported. According to reports, the fast-fashion company is in the early stages of exploring the London option in case US regulators…
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27 February
Asos relaunches influencer programme
Asos has relaunched its Asos Insider influencer programme after the initiative was previously wound down in 2020 due to the pandemic. The online retailer said the programme will allow fashion and style influencers from across Asos to “offer customers inspiration, beauty, fashion, and style advice across social channels”. The reintroduction…
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26 February
Frasers appoints four new directors
Frasers Group has announced the appointment of four new directors to its board. David Al-Mudallal, chief operating officer at Frasers and Ger Wright, managing director of Sports, have joined the board as executive directors following their “significant contribution” to Frasers Group in their existing roles. Al-Mudallal joined the group in…
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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.…
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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…
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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)…
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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…
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