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.
-
Jul- 2022 -22 July
JD Sports expects repeat ‘record’ profits amid strong sales
JD Sports has said it expects its full-year profit before tax to be in line with its previous “record” performance after welcoming strong sales in the first four months of the year, with total sales in its like-for-like businesses up 5% against the prior year. It noted this positive performance…
Read More » -
21 July
Gym & Coffee raises €17m from Castlegate to fund UK expansion
Athleisure brand Gym and Coffee has revealed it has secured €17m (£14.5m) in new funding led by Castlegate Investments, with additional funding from West.Ventures, a Palo Alto, CA investment and marketing firm. It said the latest investment will allow Gym and Coffee to propel its growth into new markets like…
Read More » -
21 July
JD Sports and Aurelius Group enter talks on Footasylum sale
JD Sports has reportedly entered discussions to sell Footasylum to Aurelius Group, a private equity firm, following a “costly” clash with the CMA, Sky News has reported. Sky News said it has learnt that the group is now attempting to negotiate a sale of the brand “despite growing difficulties in…
Read More » -
19 July
Joules raises FY profit guidance as cost cuts bear fruit
Clothing and homeware brand Joules has revealed it expects FY22 adjusted profit before tax and adjusting items to be “slightly ahead of current market expectations” as its additional cost reductions begin to bear fruit. It revealed the trading trends outlined in the group’s previous update have also continued for the…
Read More » -
19 July
H&M Group to exit Russia
The H&M Group has announced its decision to begin winding down its business in Russia over the coming months, following current operational challenges and an “unpredictable” future. The company will temporarily reopen physical stores for a limited period of time to sell remaining inventory in Russia. The entire wind-down is…
Read More » -
15 July
Uniqlo owner raises outlook amid profit and sales surge
Uniqlo owner Fast Retailing has raised its full-year outlook after posting record profits for the third quarter of the year. In the three months to 31 May, the retailer recorded operating profits of 81.8bn yen (£498m), up 36.5% YOY. The strong performance comes as revenues surged 10.3% to 546.1bn yen…
Read More » -
14 July
JD to expand outdoor business with a dozen new openings
JD Outdoors will expand its footprint with the opening of over a dozen new stores by the end of the summer, amid a spike in demand for outdoor products as Britain spends more time outside in the UK and Europe. Adding nearly half a million square feet of retail space…
Read More » -
14 July
Dr Martens trading remains steady in Q1
Dr Martens has told investors its trading since the start of the year is in line with the guidance set out at its FY trading announcement for both the half and full year, after a period of strong trading in its first quarter. In its latest update, the boots retailer…
Read More » -
13 July
Boohoo to start charging £1.99 returns fee to offset shipping costs
Online fashion retailer Boohoo has become the latest retailer to start charging shoppers for returns as it looks to offset increased shipping costs. First reported by Retail Week, the move, which came into effect from 4 July, will see customers charged £1.99 to return goods with the sum taken out…
Read More » -
12 July
Matchesfashion appoints new CEO
Online luxury retailer, Matchesfashion, has announced the appointment of Nick Beighton as the company’s new chief executive officer. Beighton will take over from Paolo De Cesare who will hand over responsibilities this month, with Beighton taking his role at the start of August. Beighton joined Asos Plc in 2009 acting…
Read More »
