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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Jun- 2025 -30 June
Lacoste appoints Éric Vallat as CEO
Éric Vallat has been appointed chief executive of Lacoste, effective from 1 September, succeeding Thierry Guibert, who has led the fashion brand since 2015 A graduate of HEC Paris, Vallat has held senior roles across the fashion, luxury and spirits sectors. He previously led Bonpoint and J.M. Weston, was chief…
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26 June
H&M profits fall in Q2 amid rising costs
H&M has seen its operating profits fall to SEK 5.9bn (£465m) in Q2, down from SEK 7.1bn (£560m) the prior year, as the group was hit by higher costs, store closures and lower sales. Over the period, net sales fell from SEK 59.6bn (£4.59bn) to SEK 56.7bn (£4.37bn) despite a…
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26 June
Hobbs opens new store at London Bridge station
Hobbs has opened a new store at London Bridge station, marking the fashion brand’s second travel retail site and its 11th shop in the capital. The 1,340 sq ft unit is the 70th Hobbs store across the UK and Republic of Ireland. It includes a free click-and-collect service aimed at…
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26 June
Primark to cut 150 roles as part of restructuring plan
Primark is looking to cut around 150 roles across Ireland, the UK and the US, with most of the redundancies expected at its Dublin head office. The job cuts are part of a restructuring proposal to outsource several support function activities to Mumbai-based Accenture, Primark confirmed. The affected roles are…
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23 June
River Island to shut 33 stores with hundreds of jobs at risk
River Island is reportedly planning to shutter 33 shops as part of a restructuring plan that would see hundreds of jobs at risk, Sky News has reported. The family-owned group, which currently operates around 230 stores, confirmed the proposals on Friday (20 June) following reports that it was working…
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17 June
Asos appoints new CFO
Asos has announced the appointment of director of group finance, Aaron Izzard, as chief financial officer and executive director, effective from 1 July. He will succeed current chief financial officer Dave Murray, who is stepping down to pursue other opportunities. Murray will remain with the online fashion retailer for a…
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11 June
Zara owner Inditex sees sales slow in Q1
Zara owner Inditex has reported slower than expected sales growth in Q1, with sales up by 4.2% to €8.3bn (£7.06bn), down from the 7.1% rise seen last year, and falling short of analyst expectations of 5.3% growth. Over the period, profit before tax was flat at €1.7bn (£1.45bn), though gross…
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11 June
Debenhams Group adopts AI for real-time pricing across brands
Debenhams Group has introduced artificial intelligence (AI) technology across its brands to automate product pricing and promotions in real time. The news follows the retailer’s partnership with AI platform Peak to replace manual pricing with automated, data-driven processes. The rollout will cover thousands of stock keeping units (SKUs) across its…
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9 June
River Island owners prepare rescue plan amid tough market conditions
High street fashion brand River Island has reportedly appointed advisers from PwC to draft a restructuring plan amid tough trading conditions, which could result in store closures and job losses, according to Sky News. Sources revealed to the outlet that although no definitive decisions have been made about the company’s…
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9 June
Matalan to open 10 stores annually amid £25m investment
Matalan has announced that it is set to invest over £25m in its UK store estate following the £25m of additional funding secured from its anchor investors last month. This marks the first phase of a long-term programme to modernise Matalan’s full estate over the next three to five years…
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