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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Jan- 2023 -9 January
Stitch Fix cuts workforce as CEO exits
Stitch Fix, an online personal styling service, has announced it will reduce the size of its workforce by around 20%,…
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4 January
Victoria’s Secret acquires Adore Me
Victoria’s Secret has announced that it has completed the acquisition of Adore Me, a digitally-native intimates brand. According to the…
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Dec- 2022 -22 December
Under Armour appoints new CEO
Sportswear brand Under Armour has announced the appointment of Stephanie Linnartz as its CEO and president. Linnartz is currently the…
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21 December
Paul Smith halves operating loss as FY sales surge 35%
Fashion retailer Paul Smith has almost halved its operating loss from £16.16m to £8.25m for the year ended 30 June,…
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21 December
Nike Q2 revenues surge 17% to $13.3bn
Nike saw its revenues reach $13.3bn (£10.9bn) during the second quarter ended 30 November 2022, which is an increase of…
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20 December
Flannels joins rental market with Hurr partnership
Flannels has announced the launch of its new rental strategy, in partnership with rental platform Hurr. It has revealed that…
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20 December
Is Back to School behind ShoeZones’ newly-found popularity?
ShoeZone has recently come out with the news that its revenue increased by 31.2% to £156.2m from £119.1m last year,…
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20 December
Next sales ahead of expectations in Q3
Next has announced that sales were 0.4% higher than last year in the 13 weeks to 29 October, which is…
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19 December
Frasers acquires JD Sports’ premium fashion businesses
Frasers Group has announced the acquisition of JD Sports’ premium fashion offering in a deal worth up to £47.5m. The…
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15 December
Asos appoints new non-executive director
Online retailer Asos has announced the appointment of Wei Gao as a non-executive director. Gao was previously COO at Hopin…
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