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 -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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17 January
Uniqlo files suit against Shein for ‘copying’ viral shoulder bag
Uniqlo is reportedly suing Shein over claims that it has copied its viral “Mary Poppins” shoulder bags, the BBC has reported. The news comes after Uniqlo’s owner, Fast Retailing, filed a petition in the Tokyo District Court against Shein Japan and two subsidiaries in late December. The Japanese retailer argues…
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17 January
Mulberry revenue falls 8.4% amid luxury spending slowdown
Mulberry has revealed that its group revenue dropped 8.4% for the 13 weeks ended 30 December 2023. The company stated that this was impacted by the challenging macroeconomic backdrop and decline in luxury consumer spending. Mulberry also revealed that in the run up to Christmas it maintained its full price…
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16 January
Hugo Boss sees revenues rise to €1.17bn in Q4
Hugo Boss has reported a 13% increase in currency-adjusted revenues in the fourth quarter to €1.17bn (£1.01bn). It also achieved record sales of €4.1bn (£3.6bn) in fiscal year 2023, up 15%. In the three-month period, currency-adjusted sales for Boss menswear were up 13% year over year to €914m (£787m) ,…
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15 January
WCF Ltd acquires Bella di Notte
Mail-order clothing firm WCF Ltd has acquired a North Yorkshire-based lingerie and clothing firm Bella di Notte as part of its continued expansion for an undisclosed sum. Bella di Notte, which specialises in Italian lingerie and better-fit fashion for mature women, will complement WCF’s existing national mail-order clothing brands which…
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15 January
Chinese regulator delays Shein US IPO
Fast fashion brand Shein’s plan to take the firm public on the US stock exchange may be delayed after it applied for approval from a Chinese regulator, according to reports from Reuters. The IPO may be delayed as a result of the potential decision the Chinese regulator may make, with…
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15 January
Mango creates brand management division
Mango has announced the creation of a new brand management division in order to strengthen its executive leadership in all areas related to the company’s image, brand and customer experience. The new management division will be led by Blanca Muñiz, who will join the group as its new chief brand…
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15 January
Gap appoints chief business and strategy officer and chief people officer
Gap has appointed Eric Chan as chief business and strategy officer and Amy Thompson as chief people officer. Both leaders will join Gap’s executive leadership team and report to Gap president and chief executive officer, Richard Dickson. Chan has more than 20 years of financial and operational leadership experience at…
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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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