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.
-
Sep- 2023 -4 September
New Look to complete £100m debt refinancing
New Look is set to complete a £100m debt refinancing to help the business amid a poor trading environment, Sky News has reported. The high street fashion retailer is reportedly in advanced talks with Blazehill Capital and Wells Fargo to replace a term loan that matures in June 2024. Sky…
Read More » -
1 September
Superdry falls to £148m loss in FY23
Superdry swung to a loss of £148.1m in the year ended 29 April, down from a profit of £22.4m the prior year. As a result, the retailer has agreed a loan with Bantry Bay Capital for up to £80m this year, and a further £25m with Hilco Capital post year-end. …
Read More » -
1 September
Lululemon sales rise 18% to $2.2bn in Q2
Athletic wear brand Lululemon has reported an 18% rise in sales to $2.2bn (£1.74bn) in Q2 2023. Gross profit was up 23% to $1.3bn (£1.03bn) and gross margin increased 230 basis points to 58.8%. Additionally, income from operations increased 19% to $479.3m (£378.02m) and adjusted income from operations increased 23%.…
Read More » -
Aug- 2023 -31 August
Lanvin Group sales rise 6.4% in H1
Global luxury fashion brand Lanvin Group has reported a 6.4% increase in revenues to €215m (£182.7m) for H1 2023. It also achieved a gross profit of €125m (£107.1m), up from €113m (£96.85m) the prior year. The fashion retailer said that it was on track to achieve adjusted EBITDA breakeven in…
Read More » -
30 August
M&S to re-enter FTSE 100
M&S is expected to return to the FTSE 100 for the first time in four years following a sustained rise in its shares. It has seen its share price surge by 80% this year and it is now valued at £4.3bn. According to its most recent trading update, its profit-before-tax…
Read More » -
30 August
Superdry shares suspended amid results delay
Fashion retailer Superdry has had its shares temporarily suspended by the Financial Conduct Authority (FCA) after delaying the publishing of its full-year results. The company stated that its results were not ready and therefore requested that trading of its Ordinary Shares be suspended. Superdry expects that its shares will return…
Read More » -
29 August
Authentic Brands partners with Baozun for Hunter China
Authentic Brands has announced a joint venture with Baozun for Hunter in Greater China and Southeast Asia. Through this partnership, China-based digital ecommerce group Baozun has acquired a 51% equity interest in Hunter in the region. This follows news that, in May of this year, Baozun was among the businesses…
Read More » -
29 August
Frasers ups Asos stake to 19.3%
Mike Ashley’s Frasers Group has announced that it has once again upped its stake in Asos to 19.3%, up from 18%. The news comes after the group increased its stake to 17% earlier this month. The group also raised its stake in Boohoo Group from 6.8% to 7.8%. Prior to…
Read More » -
25 August
Sparc Group agrees strategic partnership with Shein
Sparc Group Holdings has announced a strategic partnership with Shein, the global integrated online marketplace for fashion, beauty and lifestyle products. Under the agreement, Shein has acquired an approximately one-third interest in Sparc Group, a joint venture that includes Authentic Brands Group and Simon Property Group, with Sparc becoming a…
Read More » -
25 August
Quiz non-exec director steps down
Fast fashion brand Quiz has announced that non-executive director Charlotte O’Sullivan intends to step down from the board of directors on 30 November 2023. The decision to step down comes as O’Sullivan relocates overseas. Given this O’Sullivan will not be proposed for re-election as a director at the group’s annual…
Read More »
