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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May- 2025 -12 May
Debenhams Group exploring £175m debt refinancing deal
Debenhams Group, formerly known as Boohoo, is in discussions to refinance up to £175m worth of debt, according to reports from The Telegraph. The online fashion company is reportedly looking to access the high yield market for £50m of the proposed total. Debenhams Group has also sounded out several asset-backed…
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9 May
Primark to expand into Middle East amid Alshaya partnership
Primark has confirmed plans to debut in the Middle East, in partnership with international retail franchise operator Alshaya Group. Primark and Alshaya have confirmed plans to open the first of its new stores before the end of 2025 across the Gulf Cooperation Council (GCC). This will start with Kuwait (The…
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7 May
Skechers to be acquired by 3G Capital for $9.42bn
Footwear brand Skechers has announced that it has agreed to be acquired by 3G Capital for $9.42bn (£7bn). The investment firm has offered $63 (£47) per share in cash, representing a premium of 30% to the company’s 15-day volume-weighted average stock price. The transaction includes the option for existing shareholders…
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2 May
Shein considers US restructure as tariffs derail London IPO
Shein is reportedly exploring ways to restructure its US business in an attempt to get around the US tariffs on China, putting its London IPO in question, according to reports from the Financial Times. The fast-fashion company’s US business will come under heavy strain when a tax exemption known as…
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1 May
Puma to relocate UK HQ from London to Manchester
Puma is set to relocate its new UK HQ from London to Manchester, having agreed a 20,000 sq ft lease of workspace at the new Circle Square development. Located on the Oxford Road Corridor, Puma’s new HQ is in the £87m development being brought forward by Bruntwood SciTech – a…
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Apr- 2025 -29 April
Primark UK sales fall 4% in H1 as US and Europe boost growth
Primark’s sales grew by 1% to £4.47bn in the first half of the year, with adjusted operating profit up 8% to £540m, as weaker UK and Ireland sales were offset by growth across the US and Europe. In both the UK and Ireland, sales fell by 4% despite good like-for-like…
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29 April
Gymshark clears £600m revenue barrier for first time
Gymshark has revealed that it posted revenues of £607.3m for the year ended 31 July 2024, surpassing the £600m mark for the first time. This figure was an increase of 9% from the £556.2m it posted in the previous year, marking the 12th consecutive year of growth for the company.…
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28 April
Tariffs force Sketchers to withdraw 2025 sales guidance
Sketchers has announced that due to “macroeconomic uncertainty stemming from global trade policies”, the company is not providing financial guidance at this time and is withdrawing its annual 2025 guidance. The news comes as the group reported a 7.1% increase in sales to $2.41bn (£1.81bn) in Q1 2025, as a…
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28 April
Shein rises prices by up to 377% for US consumers ahead of tariffs
Fast fashion retailer Shein has increased its prices by up to 377% on certain products in the US in response to the upcoming impact of Trump’s tariff war. Bloomberg data found that price increases for US consumers came into effect on Friday (25, April 2025) with markups varying significantly from…
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24 April
Asos H1 losses narrow amid turnaround despite sales dip
Asos losses narrowed to £69.5m in the first half of the year, down from a loss of £120m the prior year, the “strongest sign” its new commercial model is working, according to the group. Despite the narrowed losses, sales were down by 13%, driven by continued annualising declines in old…
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