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 -26 January
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 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 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
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 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
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 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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22 January
Revolve reappoints Jenny Baxter Moser to its board
Jennifer Baxter Moser, who previously served on Revolve’s board of directors during a period of “significant growth and value creation” from December 2012 through July 2020, has been reappointed to the board effective immediately. Baxter Moser will also serve as a member of the audit committee and compensation committee. In…
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19 January
Birkenstock revenues rise to €1.49bn
Birkenstock has reported a 20% increase in revenues to €1.49bn (£1.28bn) for the year to 30 September 2023, boosted by European sales which increased 18%. Its EBITDA also rose 11% to €483m (£414m) and also recorded an adjusted EBITDA margin of over 30%. However it expects a modest headwind to…
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18 January
N Brown Q3 revenues drop 9.3% but guidance remains unchanged
N Brown has revealed that its group revenue dropped 9.3% to £226m for the 18 weeks ended 6 January 2024 compared with the same period last year. Despite this the company reiterated that its full year adjusted EBITDA remained unchanged. However, the 9.3% drop continues a trend of revival for…
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