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 -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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1 December
Primark invests €100m into Spanish expansion
Primark has announced an investment of €100m (£86m) in the Spanish market including opening eight new stores and creating 1,000 jobs. The company will spend €80m (£69m) on opening the eight new stores and extending one existing store over the next two years. There are also plans to spend €20m…
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Nov- 2022 -29 November
Boohoo increases stake in Revolution Beauty
Boohoo has revealed that it recently increased its strategic investment into Revolution Beauty, with its direct interest hitting 26.47% of Revolution’s issued share capital. The retailer said its investment builds upon the existing relationship between the two groups, under which Revolution Beauty products are sold through several of Boohoo’s direct…
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29 November
N Brown Group CFO to step down
N Brown Group has announced that Rachel Izzard has notified the board of her intention to step down as group chief financial officer. Izzard will be leaving the group to take up a career opportunity outside of the online fashion and consumer credit industry. The retailer said that “the process…
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28 November
Superdry close to agreeing £70m refinancing deal
Superdry is reportedly close to agreeing a £70m deal with Elliott Advisors, a US-based hedge fund. The news comes as the retailer, which is being advised by PwC, will need a new asset-backed lending (ABL) facility for when its existing deal expires in January 2023. In addition to this, it…
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