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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Apr- 2021 -8 April
Asos profits rocket 253% amid lockdown
Asos has announced that its pre-tax profits rocketed 253% to £106.4m in the half-year ended 28 February 2021, as customers…
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7 April
VF subsidiary begins operations at fulfilment centre
VF Corporation, through its local subsidiary VF Northern Europe Limited, has announced that it has begun operations at its fulfilment…
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6 April
Peacocks rescued from administration, 2,000 jobs saved
Peacocks has reportedly been rescued out of administration in a move that will save 2,000 jobs and 200 of its…
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1 April
Next raises guidance despite seeing profits halve
Next has increased its forecasted profits for 2022 by £30m, despite seeing its profit before tax falling 53% year-on-year to…
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Mar- 2021 -31 March
H&M swings to £92m pre-tax loss in Q1
H&M has announced it has swung to a pre-tax loss of SEK 1.1bn (£92m) in its first quarter trading update…
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29 March
Garry Weber appoints new CEO
Garry Weber has announced the appointment of Angelika Schindler-Obenhaus as CEO, whose role will take effect from the end of…
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26 March
Fat Face reveals it was a victim of a cyber attack
Fat Face has revealed it was the subject of an IT hack on 17 January 2021, where it is believed…
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25 March
Foot Locker appoints new executive VP and CFO
Foot Locker has announced the appointment of Andrew E. Page as executive VP and CFO, effective April 12, 2021. Page…
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25 March
H&M and Nike face ‘backlash’ in China over Xinjiang cotton labour concerns
Nike and H&M are reportedly facing a “backlash” in China after both groups outlined their concerns regarding the Xinjiang cotton…
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25 March
Boohoo cuts ties with number of suppliers
Boohoo has published details of its UK manufacturers and new sustainability strategy, marking a key milestone in the group’s ‘Agenda…
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