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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Dec- 2022 -14 December
Shein considers becoming online marketplace
Shein is reportedly considering becoming an online marketplace platform, in a move that would enable third-party merchants to sell directly to customers, according to a memo seen by The Wall Street Journal. The move would see the online retailer expand its business beyond selling its own brand apparel. According to…
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13 December
Frasers Group snapped up I Saw It First for £1
Frasers Group has revealed that it acquired online retailer I Saw It First for a cash sum of only £1 earlier this year. In its latest interim results for H1, Frasers said the brand owed £13m to shareholders at the time of its takeover. As part of the transaction, which…
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12 December
Superdry boss eyes potential buyout
The founder and current CEO of Superdry, Julian Dunkerton, has reportedly held talks with private equity firms over a potential buyout, according to reports from the Sunday Times. Talks are believed to have taken place this year which would see Dunkerton roll his 23.9% stake in the company into a…
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12 December
M&Co appoints administrators
M&Co has fallen into administration after struggling with rising input costs as well as lower consumer confidence in recent months. Adele MacLeod, Gavin George Scott Park and Robert James Harding of Teneo Financial Advisory Limited were appointed joint administrators on 9 December, a statement on the retailer’s website confirmed. According…
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9 December
Primark to open 10 stores before Christmas
Primark’s parent company Associated British Foods (ABF) has announced that it is set to open 10 new stores before Christmas. As part of its trading update ahead of its AGM, ABF stated that Primark’s trading had been “encouraging” with the retailer set to open 27 new stores in the current…
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8 December
In The Style CEO steps down as strategic review launched
In The Style CEO Sam Perkins has announced that he is stepping down from his position at the company. The company’s founder Adam Frisby will replace Perkins as CEO on an interim basis. He led the group as CEO for nine years until January 2022. The fashion retailer also announced…
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7 December
Quiz returns to profitability in H1 as demand rises
Quiz has welcomed a “significant” increase in profitability in its half-year results, as profit before tax hit £1.8m, up from a loss of £1.3m the prior year, after the group witnessed stronger consumer demand for the brand. The group, which also benefited from softer prior year comparatives as a result…
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5 December
Jaeger MD to depart
M&S-owned fashion company Jaeger has announced that its managing director Fiona Lambert is departing the business after almost two years at the brand. The news comes as Lambert oversaw Jaeger’s relaunch and come-back after it was bought out of administration by M&S at the beginning of 2021. Prior to joining…
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2 December
Hush appoints new CEO
Women’s fashion and lifestyle brand hush has announced the appointment of Sarah Miles as CEO, effective 16 January 2023. Miles joins from Sephora, having previously been CEO of Feelunique, the beauty e-commerce platform. She led the team that grew revenues to more than £100m prior to its sale to Sephora…
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2 December
Asos interim CFO to step down
Asos has announced that the interim chief financial officer, Katy Mecklenburgh, will step down from her role at the company for the CFO position at Softcat plc. It is reported that Mecklenburgh will continue in her current role at Asos for the next six months, which is the agreed terms…
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