Boohoo
This coverage tracks Boohoo’s position and performance in the UK fashion retail market, focusing on financial results, leadership moves, sustainability initiatives, marketing and expansion strategy. With analysis tailored to brand managers, retail executives and strategists, the reporting examines how Boohoo navigates fast-fashion challenges and compliance demands to maintain competitiveness.
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Feb- 2023 -3 FebruaryComment
After a tough golden quarter, can Asos reclaim its crown?
The most recent golden quarter came as something of a pleasant surprise to the market. Across the retail sector, companies rejoiced as sales bounced back in the first Christmas period that was not disrupted by virus variants. Of course, the period was not without its tribulations. Businesses were still hit…
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Jan- 2023 -25 JanuaryClothing & Shoes
Arcadia pension deal nears completion
Trustees of the Arcadia Group pension scheme may be close to securing a funding deal backed by one of the UK”s biggest insurers, Aviva, Sky News has reported. A binding deal would guarantee their incomes following the collapse of the group, which owned brands such as Topshop and Dorothy Perkins…
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19 JanuaryHigh Street
Boohoo revenues drop 11%
Boohoo has revealed its revenues dropped 11% to £637.7m in the three months to 31 December, in line with the online fashion retailer’s previous guidance. UK revenues declined by 11% year-on-year while international revenues fell by 10% after trade was “impacted by extended delivery times compared to pre-pandemic levels”. Boohoo…
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11 JanuaryClothing & Shoes
Boohoo to axe roles at London office
Boohoo Group is set to make a series of job cuts across its London office, and is reportedly consulting on more than 100 redundancies. According to the Times, the majority of roles under threat are in its e-commerce, buying and design departments. A consultation reportedly launched last week, though a…
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Dec- 2022 -15 DecemberPeople Moves
M&S appoints former Boohoo Group MD as head of menswear
Marks and Spencer has appointed the former managing director of Boohoo Group, Mitch Hughes, as director of menswear, Drapers has reported. Hughes replaces Wes Taylor, who steps down from his role at M&S this month after almost five years as director of menswear and kidswear. Hughes stepped down from Boohoo…
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Nov- 2022 -30 NovemberHigh Street
Boohoo alters suppliers payment terms
Boohoo has changed payment terms for suppliers from 30 days to 60 days, effective from 1 December, according to Drapers. Manufacturers will be paid 30 days from the invoice date, up from 14 days currently. In a letter to suppliers, seen by Drapers, Boohoo Group said: “As the business grows,…
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29 NovemberClothing & Shoes
Boohoo increases stake in Revolution Beauty
Boohoo has revealed that it recently increased its strategic investment into Revolution Beauty, with its direct interest hitting 26.47% of Revolution’s issued share capital. The retailer said its investment builds upon the existing relationship between the two groups, under which Revolution Beauty products are sold through several of Boohoo’s direct…
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Oct- 2022 -13 OctoberPeople Moves
Boohoo CIO exits business after three years
Boohoo’s chief information officer (CIO), Jo Graham, has announced her departure from the business after three and a half years in the role. Yesterday (12 October) was her last day, and Graham said she is going to take time off before pursuing a new role. Previously, Graham was a technology…
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Sep- 2022 -28 SeptemberClothing & Shoes
Boohoo warns of further sales decline as profits drop 90%
Boohoo has warned that its sales are likely to be hit over the remainder of the financial year due to increases in inflation-driven costs and lower sales than previously anticipated for the six months ended 31 August 2022 (H1). Revenues are expected to continue to decline and adjusted EBITDA margins…
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27 SeptemberEconomy
Boohoo and Wilko cancel orders with suppliers amid slow sales
Boohoo has been cancelling and deferring orders from suppliers and Wilko has deferred payments to suppliers to protect its squeezed cash flow, according to The Times. It comes as Boohoo has faced a sharp slowdown in demand. Clothing suppliers in Leicester, who are under pressure themselves from soaring energy…
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