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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Jan- 2024 -12 January
Wolf and Badger sees record festive trading
Wolf and Badger has reported record-breaking festive trading and has also achieved 15% revenue growth for 2023. Additionally, it maintained consistent profitability throughout the year, which meant it reported its first full-year EBITDA profit despite a challenging market. In addition to its online presence, the brand operates stores in London,…
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12 January
Authentic Brands acquires Sperry
Authentic Brands Group has announced the acquisition of Sperry, an American heritage footwear brand. As a result of this the Aldo Group comes on board as Sperry’s North American operating partner for wholesale, e-commerce and store operations. The brand is renowned for its iconic boat shoes and has heritage spanning…
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11 January
Online fashion revenues rise 6% YoY in December, True Fit finds
Online fashion revenues rose by 6% year-on-year in December 2023 compared with the same time last year, buoying the overall “muted” Golden Quarter fashion sales, True Fit data has revealed. True Fit’s Fashion Genome, which pulls together the preferences of 82 million active shoppers and over 20,000 brands, showed that…
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11 January
Boohoo added ‘Made in UK’ labels on clothes made in South Asia
Boohoo reportedly added “Made in the UK’ labels to some of its clothes that were actually made overseas, according to claims from BBC Panorama. The BBC investigative show said that Boohoo removed label from a selection of plain t-shirts and hoodies and had them replaced with the Made in the…
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11 January
Frasers Group appoints new joint broker
Frasers Group has announced the appointment of Jefferies, a full-service investment banking and capital markets firm, as its new corporate broker. Jefferies will replace Liberum as the company’s joint corporate broker, alongside Barclays Bank plc and Deutsche Numis, with immediate effect. Frasers said: “The board of Frasers wishes to thank…
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10 January
Axel Arigato to open flagship store in Covent Garden
Axel Arigato, the Swedish footwear brand, is set to open a new flagship store in Covent Garden in 2024. Located in Covent Garden’s Seven Dials, the entrance of the lifestyle brand spotlights Covent Garden’s position as a destination for international, high quality, fashion retailers. A ‘people-powered’ lifestyle brand, Axel Arigato…
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10 January
Sosandar revenues up 23% in record quarter of trading
Sosandar has welcomed a record quarter of trading over the festive period, with revenues soaring 23% to £14.3m in the three months ended 31 December 2023. Over the quarter, a strong performance was seen in October and November and this carried on into December, with all channels “continuing to perform…
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9 January
Shoezone profit before tax jumps to £16.2m
Shoezone has revealed that its profit before tax has risen to £16.2m, up from £13.6m last year, for the year ended 30 September 2023. Alongside this, the company posted revenues of £165.7m, up from £156.2m for the same period last year. Shoezone saw store revenues of £134.8m, up from £129.8m…
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9 January
Boohoo eyes closure of Leicester factory
Boohoo Group is looking to close its Thurmaston Lane factory in Leicester in favour of relocating its operations, Drapers has reported. The news comes after the online fashion retailer entered a consultation last month, which revealed that “less than 100” employees will be impacted at the so-called “model factory” in…
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5 January
Next boss warns of stock delays due to Red Sea attacks
Next chief executive Lord Simon Wolfson has warned of stock delays as a result of the attacks on cargo ships in the Red Sea. Wolfson told The Guardian that while the current situation is a “minor inconvenience” it could become a major problem this year if it continues. Attacks from…
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