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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Oct- 2023 -16 October
Ted Baker owner steps in to ease financing trouble
Ted Baker owner Authentic Brands has stepped in after the company it appointed to run its UK operations has struggled to raise financing, according to reports from The Times. Authentic Brands paid £211m last year for the brand and intellectual property of Ted Baker and appointed retail management company AARC…
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16 October
Frasers ups stake in Boohoo to 15.1%
Mike Ashley’s Frasers Group has upped its stake in Boohoo to 15.1% as it continues investing in a number of UK fashion retailers. The news comes after Frasers increased its holding from 10.4% to 13.4% last week. It now holds 191,808,425 voting rights in the company. The group had previously…
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12 October
Uniqlo owner revenues rise 20.2% in FY23
Uniqlo’s parent company, Fast Retailing, has revealed a 20.2% rise in year-on-year revenues to ¥2.7tn (£15bn) for the year ended 31 August, as the group’s international division surpassed 50% of total revenues for the first time. Fast Retailing also reported that operating profits reached ¥381bn (£2.1bn), which shows a rise…
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12 October
N Brown profit before tax falls 97%
N Brown has announced that its profit before tax fell 97% from £4.3m to £0.1m for the 26 weeks ended 2 September 2023. Furthermore, the group’s revenue contracted 10.4% to £297m for H1 24 compared with £331.5m in the same period last year. The company put this fall down to…
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11 October
Jigsaw sales and profits leap in FY22
Jigsaw experienced a 28.6% rise in EBITDA to £3.6m and an operating profit of £1.9m for the year ended 28 January, following the popularity of tailoring and dresses to boost sales. The fashion retailer’s EBITDA and operating profit increased from £2.8m and £1.2m respectively in the previous year. The retailer…
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11 October
LVMH sees revenues rise to €19.96bn in Q3
Luxury goods group Moët Hennessy Louis Vuitton (LVMH) has posted reported revenues of €19.96bn (£17.25bn), up 9% year on year, in the three months ending on September 30. On a nine-month basis it also saw revenues jump 10% to €62.2bn (£53.7bn). All business groups reported sustained organic revenue growth over…
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6 October
Frasers ups stake in Boohoo to 13.4%
Mike Ashley’s Frasers Group has upped its stake in Boohoo to 13.4% as it continues investing in a number of UK fashion retailers. Frasers has upped its stake of 10% which it held at the start of the week. This means it now holds 170,426,000 voting rights in the company.…
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4 October
Superdry agrees to sell South Asian IP for £40m
Superdry has announced that it has agreed a deal to sell its South Asian IP to Reliance Brands Holding UK (RBUK) for £40m. RBUK will now majority own the Superdry brand and related trademarks in India, Sri Lanka, and Bangladesh. The deal is a joint venture between the two companies…
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3 October
Next CFO to depart after 28 years
Next has revealed that its CFO, Amanda James, has decided to retire from full-time work after 28 years. The retailer also announced that the CFO of Reiss, Jonathan Blanchard will be her successor. James will be stepping down from the board on 26 July 2024 and is planning to leave…
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3 October
Dr Martens to open 100th EMEA store on Oxford Street
Dr. Martens plc is set to open its 100th EMEA (Europe, Middle East and Africa region) store on London’s Oxford Street. The new location, at 184 – 190 Oxford St, will open on 10 November 2023. Dr Martens stated that the new store, which is near its flagship store in…
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