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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Apr- 2023 -20 April
David’s Bridal enters administration
David’s Bridal UK has entered administration after its US owner filed for bankruptcy. David’s Bridal UK Ltd is a subsidiary of the “long-established” David’s Bridal LLC which is headquartered in Pennsylvania, United States of America. The US arm filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy…
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17 April
Just Hype rescued in pre-pack administration deal
Streetwear brand Just Hype has been rescued from collapse following a pre-pack administration deal, according to Drapers. Drapers reported that investor Sarjan Dulai has acquired the business for an undisclosed sum in a move that has saved 82 jobs. The Leicester brand had reportedly faced collapse amid falling sales and…
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17 April
Pretty Little Thing CEO steps down
CEO of Pretty Little Thing Umar Kamani has announced he is stepping down from his role after 12 years in charge. Kamani, who set the company up with his brother in 2012, said that he would still continue to support the brand on some projects until a new CEO is…
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17 April
Quiz revenues rise 17% in FY23
Quiz has revealed that its unaudited revenues increased by 17% to £91.7m in the financial year ended 31 March 2023, following strong recovery in consumer demand. The group’s gross margins for the year were in line with management expectations and consistent with those recorded in the previous year, and as…
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14 April
Uniqlo owner sees profits rise 16% to £1.3bn
Uniqlo owner Fast retailing has recorded a 16% rise in operating profit to ¥220bn (£1.3bn) during the first six months of the year to 28 February. Fast Retailing said that the business recovery in China and strong sales in Europe and North America was the primary driver and helped revenues…
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14 April
Superdry lowers guidance as sales fall ‘below expectations’
Superdry has lowered its FY23 guidance to £615m-£635m after sales in February and March were “below expectations”. The company stated that while sales were showing significant year-on-year growth they were not what the company expected. It has put this down to a number of external factors like the cost-of-living crisis…
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14 April
Dr Martens downgrades FY guidance amid higher costs
Dr Martens has downgraded the group’s FY23 guidance with EBITDA now expected to be around £245m due to higher costs at its US stores and lower wholesale revenue. While the group’s total revenue for the fourth quarter grew by 6% due to growth in EMEA and APAC, the expected EBITDA…
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12 April
VF Corporation unveils new Dickies global brand president
VF Corporation has appointed Todd Dalhausser, previously brand president of Altra, to the position of global brand president at Dickies as part of a number of key leadership appointments. He will report to Benno Dorer, VF’s interim president and CEO, and serve on VF’s executive leadership team. Dalhausser joined VF…
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12 April
Sosandar swings to FY profit as revenues rise 44%
Sosandar is set to welcome its first full-year of profitability in what it called a “milestone” year for the group, expecting profits of at least £1.6m, a “substantial” positive swing of £2.2m from the £0.6m loss in FY22. It comes as revenues rose by 44% to £42.5m in the year…
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12 April
Footasylum to expand store portfolio amid increased demand
Footasylum, the retailer of fashion streetwear and sportswear, has announced its plans for a series of new store openings and upgrades across the country in the year ahead. The plans come as the retailer has experienced a “notable” increase in demand for its womenswear, following the recent opening of a…
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