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 -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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24 February
Monsoon bolsters childrenswear offering with dedicated boutique
Fashion retailer Monsoon is set to open its inaugural childrenswear boutique, in Westfield, Stratford City. Opening on 1 March, the new store is located on the Ground floor, in the heart of the childrenswear part of the centre. The boutique is the latest in a series of new bricks-and-mortar openings for Monsoon, following the autumn 2022 openings…
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23 February
Former Co-op chief emerges as frontrunner to become Matalan CEO
Jo Whitfield, the former Co-op supermarkets chief, has reportedly emerged as a frontrunner to run Liverpool-based fashion retailer brand Matalan, according to Sky News. The outlet reports that following her decision to step down as the Co-op’s food chief last year, Whitfield is now in detailed talks with Matalan’s new…
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23 February
TK Maxx owner sees Q4 net sales hit $14.5bn
TJX Companies, parent company of discount clothes retailer TK Maxx, has announced a 5% increase in net sales to $14.5bn (£12bn), for the 13 weeks ended 28 January. The company’s Q4 net sales in Europe and Australia rose 1% to $1.81bn (£1.5) compared with $1.80bn (1.49bn). This is an 11%…
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