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.
-
Jun- 2023 -12 June
Dune London opens new store in Newcastle
Dune London has announced its return to Newcastle with the opening of a new store on Grainger Street, situated within the Central Arcade building close to Monument. The new 1400 sqft shop is fitted with Dune London’s premium flagship concept, which has been designed in-house by the brand’s store development…
Read More » -
9 June
Jacamo and Ladbible partner for new marketing campaign
N Brown Group has announced that menswear platform Jacamo has launched a “bold” new marketing partnership with Ladbible Group. The long-term content partnership will see Ladbible create “engaging” video content and wider campaigns, where every featured look is shoppable at Jacamo online. Ladbible will launch a TikTok shop for Jacamo,…
Read More » -
9 June
Carhartt appoints vice president of global merchandising
Retail apparel and fashion brand Carhartt has appointed Tara Roemke as vice president of global merchandising. Roemke has over 20 years of experience in the retail industry and since then has worked in several merchandising roles. She joins from Ariat International where she worked for 13 years as senior director…
Read More » -
7 June
Stitch Fix explores UK exit amid falling revenue in Q3
Stitch Fix is exploring the possibility of exiting the UK market in FY23, after its net revenue decreased 20% year-over-year to $394.9m (£316.7m) in the third quarter ended 29 April. According to Stitch Fix, since first entering the UK market in 2019, the macroeconomic environment and the group have changed. …
Read More » -
7 June
N Brown appoints new CFO
N Brown has named Dominic Appleton as its new chief financial officer, succeeding Rachel Izzard who has stepped down after three years. Appleton joined the Manchester-based clothing and footwear retailer as chief financial officer designate in March of this year and has now been appointed CFO and a board director…
Read More » -
7 June
Asos suppliers cut ties amid falling profits
Suppliers to Asos have reportedly started cutting ties with the online retailer after credit insurers withdrew cover amid concerns over its declining profits, The Times has reported. It comes as the group fell off the FTSE 250 index last week, only weeks after it reported a fall in half-year profits…
Read More » -
7 June
Zara owner Inditex Q1 sales up by 13% to €7.6bn
Zara owner Inditex has revealed that sales grew 13% in the first three months of 2023 to reach €7.6bn (£6.5bn), as its Spring/Summer collections have been “very well received” by customers. The group reports that sales were also positive in all of its geographical areas and in all brands, with…
Read More » -
6 June
Pepco profits dip despite revenue surge
Pepco has reported a 6% decrease in profit before tax from €144m (£124m) down to €134m (£115m) during the six months ended 31 March 2023. Despite this the company saw a 22% increase in its revenue from €2.4bn (£2.07bn) to €2.8bn (£2.41bn) on a constant currency basis. The retailer put…
Read More » -
5 June
Asos faced £1bn takeover bid from Alibaba-backed retailer
Asos reportedly faced a £1bn takeover offer from Turkish online retailer Trendyol in December of last year. According to The Sunday Times, the offer from Trendyol, which is backed by Chinese retail giant Alibaba, valued the retailer between £10 and £12 a share. The outlet added that Trendyol had engaged…
Read More » -
5 June
Authentic Brands Group acquires IP of Hunter
Authentic Brands Group (Authentic), a global brand development, marketing and entertainment platform, has acquired the intellectual property of footwear brand Hunter. The British heritage brand, best known for its “iconic” Wellington boots, has evolved over the years from a rubber boot to a lifestyle brand, offering an expansive footwear collection,…
Read More »
