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.
-
Nov- 2023 -27 November
Asos ditches diversity goals in bonus scheme
Asos leadership team will reportedly no longer need to hit diversity targets as part of the criteria to achieve annual bonuses, according to The Telegraph. The outlet revealed that Asos has decided to prioritise financial targets as the embattled online retailer focuses on improving its share price and profit margins. …
Read More » -
22 November
Urban Outfitters owner hits ‘record’ $1.28bn in Q3 sales
Urbn, the parent company of Urban Outfitters, Free People and Anthropologie, revealed it experienced “record” sales of $1.28bn (£1.02bn) during the third quarter of the year, ending 31 October. This comes despite sales at Urban Outfitters dropping 14.2% during the period. The group also experienced a 3.6% drop in wholesale…
Read More » -
21 November
Iconix acquires streetwear brand Hoodrich
Brand management company Iconix International Inc. has acquired majority ownership of British streetwear brand, Hoodrich, in partnership with founder Jay Williams, who will retain an ownership interest. The deal, for an undisclosed sum, is based on a “shared vision” that the brand is poised to accelerate its already rapid growth…
Read More » -
17 November
Frasers Group opens multi-fascia store at Gateshead Metrocentre
Frasers Group has opened the doors to Sports Direct’s brand new 50,000 sq.ft multi-fascia store in Metrocentre, Gateshead including USC, Evans Cycles, and Game. Sports Direct’s new store offers specialist sporting areas for running, football, and outdoor, across men’s, women’s and kidswear, and brings Sports Direct’s Running Concept to customers.…
Read More » -
16 November
JD upsizes store at Bullring & Grand Central
Hammerson has announced that JD has more than doubled its footprint at Bullring and Grand Central, after officially opening an upsized store at the destination. The new 27,500 sq ft store demonstrates the appeal of Bullring and is reflective of Hammerson’s wider strategy to enliven its assets with high profile…
Read More » -
15 November
Matalan names former M&S digital boss as non-executive director
Matalan has named the former M&S chief digital and technology officer, Jeremy Pee, as its new non-executive director. Pee has over 20 years of experience in retail, five of which was spent most recently at M&S as its chief technology officer where he was responsible for the group’s digital transformation. …
Read More » -
13 November
Dune delays sales process
The sale of Dune has been delayed as the company has not received a bid which matched its valuation, according to reports from Drapers. The retailer has received offers from Footasylum owner Aurelius and Next for founder Daniel Rubin’s controlling stake in the business. Dune appointed KPMG to run its…
Read More » -
13 November
Theft to cost retailers £7.9bn in 2023, study finds
It has been forecast that retail theft will cost UK retailers £7.9bn this year, according to new research by Thruvision Group plc and Retail Economics. Thruvision, a provider of walk-through security technology, and Retail Economics stated that shoppers account for 60% of the value of the theft (£4.7bn) while employees,…
Read More » -
10 November
Vinted launches item verification service for designer products
Vinted, The online marketplace for second-hand fashion, has launched a new item verification service in the UK in a bid to increase trust in the authenticity of higher-priced, second-hand items and to combat counterfeiters. The service is an optional paid service to check the authenticity of selected designer items, carried…
Read More » -
10 November
Asos to launch first pop-up store ahead of Black Friday
Asos is set to launch its first four-storey pop-up store in Central London from 23-26 November. The Asos In Real Life pop-up will welcome customers to an immersive space at 11 Rathbone Place, where they will be able to experience its fashion “first-hand”, with a curated edit of AW23 collections…
Read More »
