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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Nov- 2023 -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.…
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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…
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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. …
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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…
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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,…
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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…
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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…
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9 November
Under Armour lowers full-year revenue forecast as Q2 sales flatten
Under Armour has lowered its full-year revenue forecast as its revenues stagnated in Q2. In the three months to 30 September its revenues dropped 1% to $1.6bn (£1.3bn). Wholesale revenues also fell 1% to $940m (£765m). As such, Under Armour stated that it now expects full-year revenues to be down…
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8 November
JD Sports faces questioning over ex-CEO’s non-compete deal
JD Sports is reportedly facing questioning over a multimillion-pound non-compete deal signed by former CEO Peter Cowgill, The Telegraph has reported. It comes amid speculation over Cowgill’s exit package with the group after he became a significant shareholder in a sports equipment maker. Under a non-compete deal signed in September…
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7 November
Primark sales jump 15% to £9bn
Primark owner Associated British Food (ABF) has revealed that Primark sales rose 17% to over £9bn, for the year ended 16 September 2023. Despite this, the company saw its adjusted operating profit drop 3% to £735m and its adjusted operating margin drop to 8.2%. The company put this down to…
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