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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Sep- 2022 -21 SeptemberAnalysis
Inflation, fast fashion and how to keep shoppers in a recession
According to the Office for National Statistics (ONS), inflation is back in the single digits in August after it rose to worrying heights in July. However, despite its fluctuations, inflation has remained at record-breaking levels, damaging profits for affordable fashion retailers among others in different sectors. According to Fashion Network,…
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Aug- 2022 -31 AugustNews
Boohoo warns suppliers risk further HMRC costs over polybag content
The Boohoo Group has reportedly been charged by HMRC as some of its polybags don’t have the certificate to confirm their recycled content. According to Drapers, Boohoo Group sent a letter to product suppliers on 26 August which said that this charge will be passed on to suppliers if they…
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30 AugustAnalysis
Why the fashion industry is edging into beauty
Fashion brands have always been intertwined with the beauty industry as they historically benefitted from the same demographic of female consumers. Luxury fashion brands such as Valentino, Giorgio Armani and Saint Laurent have been selling cosmetics since the 60s and 70s, with most finding a niche in producing luxury scents…
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17 AugustHigh Street
Boohoo makes strategic investment into Revolution Beauty
Boohoo has announced that it has recently made a strategic investment into Revolution Beauty Group plc amounting to a direct interest of 7.1% of Revolution Beauty’s issued share capital. The investment builds upon the existing relationship between Boohoo and Revolution Beauty, under which Revolution Beauty products are sold through several…
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9 AugustClothing & Shoes
Arcadia trustees near closing £1bn pensions deal
Arcadia’s pension trustees are reportedly close to securing a £1bn deal that will see them receive the retirement schemes promised by the group prior to its collapse, Sky News has reported. The trustees were said to be in “detailed” talks with Pension Insurance Corporation (PIC) about a deal to insure…
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Jul- 2022 -29 JulyClothing & Shoes
Asos, Boohoo and Asda investigated over sustainability claims
The Competition and Markets Authority (CMA) is launching investigations into Asos, Boohoo and George at Asda to scrutinise eco-friendly and sustainability claims made by the fashion brands about their products, including clothing, footwear, and accessories. The move forms part of the CMA’s ongoing investigation into potential greenwashing, and reportedly follows…
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28 JulyClothing & Shoes
Frasers Group acquires online retailer I saw It First
Frasers Group has announced the acquisition of the online fashion retailer I Saw It First for an undisclosed sum. Frasers revealed it looks forward to integrating I Saw It First, which has over 5 million consumers, and has rapidly grown its digital presence since its launch in 2017. I Saw…
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13 JulyClothing & Shoes
Boohoo to start charging £1.99 returns fee to offset shipping costs
Online fashion retailer Boohoo has become the latest retailer to start charging shoppers for returns as it looks to offset increased shipping costs. First reported by Retail Week, the move, which came into effect from 4 July, will see customers charged £1.99 to return goods with the sum taken out…
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7 JulyClothing & Shoes
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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Jun- 2022 -23 JuneNews
Boohoo appoints new CFO
Boohoo has announced the appointment of Shaun McCabe as the brand’s new Chief Financial Officer (CFO). McCabe will succeed Neil Catto whose role will reportedly transition to executive director as he remains on the group board. McCabe is expected to take up his new role later this year. Catto will…
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