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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Mar- 2023 -9 March
Hugo Boss welcomes record sales in FY22
Hugo Boss sales increased 27% to a new record of €3.7bn (£3.2bn), according to the latest 2022 report released today. These recent figures mean that for the first time in the history of the fashion brand, the company exceeded the €3bn threshold (£2.6bn) despite the high levels of economic implications…
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9 March
Adidas profits fall 1% to £9.45bn amid Yeezy split
Adidas has reported that its FY gross profit declined 1% to £9.45bn, down from the £9.54bn it made in 2021, according to its financial for the period ending 31 December 2022. The company stated that its revenue was impacted by the termination of Yeezy partnership with Kanye West. Adidas’ EBITDA…
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7 March
Zalando’s customer base surpasses 50 million
Zalando, European fashion and lifestyle retailer, has announced that its customer base grew 6% more than 51 million last year because of the success of its loyalty programme. According to its financial results for FY22, Zalando’s loyalty programme, Plus, more than doubled its membership to over two million compared with…
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6 March
Victoria’s Secret sales fall 6% in FY22
Lingerie retailer Victoria’s Secret recently announced that sales for the full-year 2022 fell 6% compared to the previous year and now stand at $6.34bn (£5.27bn). The FY22 financial results published on Friday also show a decline in revenues for the fourth quarter of the fiscal year ended January 28, 2023.…
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3 March
Ted Baker owner considers Hunter Boot bid
Owner of Ted Baker and Reebok Authentic Brands Group (ABG) is reportedly weighing up a move to acquire Hunter Boot, according to Sky News. It is unclear how serious ABG are about bidding for the footwear company which holds a royal warrant for footwear. The business is up for auction…
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3 March
L Catterton acquires majority stake in A.P.C
L Catterton has announced that it has acquired a controlling stake in global French clothing brand, Atelier de Production et de Création (A.P.C.), to advance the brand’s international presence. Since the brand’s inception in 1987, Jean Touitou founded and has been managing A.P.C. He was joined by Judith Touitou in…
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2 March
Urban Outfitters owner hits record income for Q4
Urban Outfitters, Inc, the retail operator of brands Urban Outfitters, Anthropologie, and Free People, has revealed a record net income of $31.5m (£26.3m) for the fourth quarter ending 31 January 2023. The news comes as during the three months in the run-up to the end of Q4, the company’s total…
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1 March
Frasers seeks discounts from suppliers amid JD acquisitions
Frasers Group is reportedly seeking discounts on outstanding payments and spring/summer orders from its suppliers, Drapers has reported. According to reports, it is asking the suppliers of its recently acquired brands for a 10% discount off outstanding payments and a 20% discount off ordered goods for the spring/summer 2023 season.…
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Feb- 2023 -27 February
Primark owner raises guidance after better than expected trading
Primark owner Associated British Foods (ABF) has announced that it is raising its full-year guidance after Primark traded unexpectedly well. The company stated that its adjusted operating profit and adjusted earnings per share were now expected to be broadly in line with the previous financial year. Total sales at Primark…
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27 February
Adidas and West to sell leftover Yeezy stock in new agreement
Adidas has reached a new agreement with Kanye West that will ensure that the footwear brand sells the remaining $500m (£417.4m) in Yeezy sneaker stock. According to the retailer, the new contract will focus solely on the sale of the existing inventory of West’s shoe line and will not include…
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