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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Jul- 2022 -12 July
Sosandar revenues jumps 142% as losses narrow in FY22
Sosandar has seen its revenues rocket 142% to £29.5m in the year ended 31 march, 2022, in what it dubbed a “milestone year” for the group. This included three consecutive months of “record” revenue in September, October and November 2021, as the group welcomed an “exceptionally strong” financial performance, exceeding…
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11 July
Independent retailer Scamp & Dude opens flagship store
Scamp and Dude, an independent womenswear retailer, has opened its flagship store in Marlow High Street. The 1,569 sq ft store will be an immersive retail space to showcase the brands growing collection of “stylish and responsible womenswear”, and also a space to celebrate the power of community, from ongoing…
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11 July
Joules appoints KPMG to help boost profitability
Outdoor fashion and lifestyle retailer Joules has appointed ‘Big Four’ accounting firm KPMG to improve its cash position in the face of turbulent economic conditions due to the cost of living crisis. According to reports from The Sunday Times, Joules has called in advisors from KPMG’s debt advisory practice to…
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11 July
Levi Strauss & CO revenues jump 15% to £1.25bn
Levi Strauss and Co has revealed its net revenues climbed 15% to $1.5bn (£1.25bn) in its second quarter after global direct-to-consumer sales rose by 16%. In the three month period ended 26 May, the group also reported strong growth in its company-operated store sales which increased by 23%. The second…
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7 July
Gap to launch in India amid Reliance Retail franchise deal
Gap Inc. has entered into a long-term franchise agreement with Reliance Retail Limited, India’s largest retailer, to bring Gap to India for the first time. Through the partnership, Reliance Retail has become the official retailer for Gap across all channels in India. Reliance Retail will introduce Gap’s latest fashion offerings…
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7 July
Ankorstore partners with Mary Portas
European curated marketplace, Ankorstore, has announced its brand partnership with retail expert and broadcaster, Mary Portas, in an effort to “advocate” for independent retailers and brands across Britain. This partnership is said to arm businesses with the tools and technology needed to thrive, while the brand’s platform has reportedly evolved…
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7 July
US Hedge fund giant builds 5% stake in Boohoo
Online fashion retailer Boohoo has seen its share price rise 3.7% as it disclosed that Citadel, one of the world’s largest hedge funds, has built up a 5% stake in the company. Its shares rose by 2p to 57p after US-based Citadel became its fifth-biggest backer in the company. According…
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5 July
Quiz returns to profit as revenues soar 97%
Quiz has welcomed a return to profitability in its full-year results as group revenue soared 97% year-on-year, with trade largely boosted by the end of social restrictions. Profit before tax hit £0.8m in the year ending 31 March 2022, up from an underlying loss of £9.6m in 2021, while EBITDA…
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4 July
Diet Coke appoints Kate Moss as creative director
Diet Coke has announced that Kate Moss has been appointed creative director of the brand, as it celebrates its 40th anniversary this year. Moss will work on its new campaign ‘Love What You Love’, which aims to spotlight “individuals who embrace a positive attitude to life, by knowing who they…
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1 July
New JD store in Aberdeen to create over 30 jobs
JD Sports is set to open a new store in Aberdeen on Saturday and has created over 30 local jobs. Store positions have been filled for store assistants and managerial positions for the new location at Kittybrewster retail park. The store is JD Sports’ third location in Aberdeen, in addition…
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