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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Dec- 2023 -11 December
Matalan adds 10 new third-party brands
Matalan has announced the addition of 10 new third-party brands launching exclusively online. The new brands are Quiz, Pink Vanilla, Blue Vanilla, Roman, Yumi, Mela London, Where’s that From, Izabel, Brand Threads and Toe Zone. These new brands will sit alongside existing brands such as Little Mistress, JDY, In The…
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8 December
Lululemon revenues rise by 19% in Q3
Lululemon has welcomed a strong third quarter of trading that exceeded expectations, as revenues rose by 19% to $2.2bn (£1.75bn), and gross profit increased 21% to $1.3bn (£1bn). Over the period, North America revenues rose by 12% while international revenues soared 49%. Overall, total comparable sales increased 13%, with comparable…
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7 December
Frasers H1 profits rise 25.7% to £364.7m
Frasers Group has revealed that retail profits from trading increased by 25.7% to £364.7m in the half-year period ended 29 October, driven by the “strong” performance from Sports Direct. During the period, Frasers also revealed that profit before tax increased by 8% to £310.2m, while profit after tax rose by…
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6 December
Farfetch considers Browns sale amid funding crisis
Farfetch is reportedly considering selling fashion retailer Browns as it faces a race against time to secure the future of the company, according to Drapers. This follows reports that the company is considering taking itself private to prevent its collapse. Founder José Neves is reportedly in discussion with shareholders and…
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6 December
Matches seeks cash to fund turnaround plan
Matches Fashion has reportedly hired an advisory firm as it seeks a cash injection to help fund its turnaround strategy, according to Drapers. The outlet reported that Matches has hired Teneo to explore funding options as it seeks around £50m with it citing a source that “all options are on…
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5 December
Marks and Spencer extends Christmas trading hours
Marks and Spencer has announced that it has extended its Christmas trading hours from 18-22 December with more than 400 stores open from 6am until 10pm. Additionally, a number of stores will also be open until 10pm on 23 December and 4pm on Christmas Eve for last minute Christmas shoppers.…
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5 December
Quiz launches strategic review after £1.5m loss
Quiz has announced that it has launched a strategic review after it posted a pre-tax loss of £1.5m for the six months ended 30 September 2023. This loss comes after the company posted a profit of £1.8m in the same period last year, with the retailer putting this drop down…
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Nov- 2023 -30 November
Clarks appoints Clarke Willmott to support national portfolio
Clarks has appointed law firm Clarke Willmott to its panel of legal advisors to support the management of the national retail portfolio and legal matters throughout England and Wales. Clarke Willmott will be advising on property issues for the business that designs, manufactures, and sells more than 40 million pairs…
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30 November
Dr Martens issues profit warning amid challenging US backdrop
Dr Martens has issued a profit warning due to challenging headwinds in the US. The British footwear brand’s profit before tax fell 55% to £25.8m for the six months ending 30 September. The group also reported that its EBITDA fell 13% and revenues declined 5% from £418.6m to £395.8m primarily…
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29 November
Canada Goose acquires knitwear manufacturer Paola Confectii
Canada Goose has recently announced the acquisition of the operating assets of Paola Confectii Manufacturing for an undisclosed sum. Building upon its existing network of seven facilities across Canada, the acquisition marks the company’s first European facility, and supports its strategic growth plan, specifically expanding existing categories and increasing year-round…
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