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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Oct- 2020 -7 October
Clarks may turn to CVA to secure LionRock rescue deal
Embattled shoe retailer Clarks may reportedly resort to launching a CVA that could lead to some store closure in order…
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6 October
Ann Summers moves towards CVA
Ann Summers has suggested that it is likely to launch a CVA after the lingerie retailer failed to negotiate rental…
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6 October
Shadow Health secretary urges Boohoo investors to oust bosses
The shadow health minister has urged Boohoo’s largest investors to remove its current bosses following reports of unsafe working conditions…
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5 October
Mulberry swings to full-year loss
Mulberry has announced that group revenue fell by 10% to £149.3m in the full-year ended 28 March 2020, in light…
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2 October
Clarks pension trustees call in advisers
Pension trustees at shoe retailer Clarks have reportedly drafted in advisors as they seek to secure additional finance for the…
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2 October
M&S launches third-party fashion brand partnership
Marks and Spencer has begun stocking independent fashion brands on its site, with debut partner Nobody’s Child launching yesterday (1…
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1 October
H&M to close stores as online sales rise
H&M has announced that it is planning to close around 250 stores next year, as more of its customers shift…
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Sep- 2020 -30 September
Boohoo raises forecast as profits soar
Boohoo has reported that pre-tax profit soared by 51% to £68.1m in its latest half-year results. In addition, revenue soared…
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25 September
Hong Kong’s Lion Rock joins race for Clarks
A Hong Kong-based private equity firm, which backs a number of companies such as Taxi hailing app Hailo and Serie…
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25 September
Independent review ‘identifies many failings’ in Boohoo supply chain
Boohoo has published the results and response to the independent review of its UK supply chain. Alison Levitt QC was…
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