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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Nov- 2022 -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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25 November
Frasers group acquires Savile Row tailor
Sports Direct owner Frasers group has reportedly struck a deal to acquire historic Savile Row tailor Gieves and Hawkes. According to the BBC, the company owned by Mike Ashley has been interested in a potential deal since September and has now finally secured the “long term future” of the 250…
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24 November
H&M reopens Regent Street flagship following refurb
H&M have reopened its flagship Regent Street store today (24 November), following a refurbishment and additions to the site’s offerings. It is reported that the site now has a “world leading” interior look and feel, as well as new circular and customer services, which includes the fashion retailer’s new clothes…
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23 November
Banana Republic to be sold by Next
Gap has announced that it has reached an agreement with Next to extend its joint venture and sell its Banana Republic and Athleta brands in the UK and Republic of Ireland through the retailer. Banana Republic, a global apparel and accessories brand for attainable luxury and heritage classics, will launch…
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22 November
Crew clothing eyes Joules takeover
Crew Clothing’s owner and majority shareholder is reportedly considering acquiring embattled retailer Joules out of administration, according to Drapers. The outlet has revealed that the Brigadier Acquisition Company, which is owned by Menoshi Shina, is in talks with administrators Interpath Advisory about a potential rescue deal that could see a…
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22 November
Raf Simons to close label after 27 years
Raf Simons has announced he is closing his eponymous label after 27 years. Announcing the news via Instagram, the fashion designer revealed that the brand’s spring/summer 2023 collection shown in October in London will be its last. “I lack the words to share how proud I am of all that…
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21 November
Foot Locker lifts guidance despite fall in Q3 sales
Footwear retailer Foot Locker has raised its FY guidance despite seeing a fall in sales and net income during the third quarter. For the 13-week period ending 29 October 2022, the company reported net income of $96m (£81.2m) compared with $158m (£133.7m) the prior-year period. Meanwhile, it confirmed third quarter…
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21 November
M&S welcomes menswear to ‘brands at M&S’ platform
Marks and Spencer has announced a deal which will bring brands such as Ted Baker, Superdry, Lyle and Scott and Musto to its ‘brands at M&S’ platform. The introduction of these latest third-party brand partners will see the addition of more than 250 menswear products to M&S.com bringing the total…
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21 November
H&M closes one in five UK stores amid sales hit
H&M has closed around one in five of its shops in the UK, according to The Mail on Sunday, as sales have continued to be impacted by changing consumer behaviour. The chain has reportedly closed 56 stores since its peak in the months before the pandemic, leaving only 192 outlets…
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18 November
Primark continues US expansion with NY store
Primark has continued its US expansion with the opening of its first of three new stores in New York. The retailer has opened a new store in Roosevelt Field in Garden City with a further two sites set to open on Jamaica Avenue in Queens, and City Point in Brooklyn…
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