Boohoo

Boohoo see Q2 revenues surge 32% to £486m

Boohoo has reported a 32% surge in group revenues for the three months to 31 May 2021 from £367.8m to £486.1m which was spurred on by retailers turning to online shopping during the pandemic. UK revenue contributed heavily to the overall sales growth, which saw a 50% increase from £183m…

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How retailers can reduce returns through the use of Google Shopping and AR

The pandemic has significantly accelerated the adoption of e-commerce, with the total proportion of UK online sales remaining considerably higher than pre-lockdown levels. In fact, research has found that digital sales in 2020 accounted for a third of total retail sales in the UK for the first time ever. By…

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The Great Covid Experiment – Is the Pure-play Retailer Dead?

A year of enforced change in buying habits where pretty much everything went online is set to revert to “the new normal”. Yes, the Covid pandemic accelerated the shift to online; but is the future of retail really digital only? While in the short to medium term, there will remain…

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Debenhams’ remaining stores close for final time

Debenhams shuttered its last remaining stores over the weekend, ending its 243-year stint on the UK high street. According to Sky News, the retailer closed its remaining 28 stores on Saturday 15 May as it completed its transition as an online only retailer as part of the Boohoo Group. It…

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Boohoo welcomes Tim Morris as non-executive director

Boohoo has appointed Tim Morris as a non-executive director.  Morris is also currently group general counsel and company secretary at TalkTalk Telecom Group Limited, which was on the main list of the London Stock Exchange until March 2021 and which he joined prior to its IPO in 2010.  He held…

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Boohoo profits soar 35% in full-year results

Boohoo has reported that its pre-tax profit soared by 35% to £124.7m for the year ended 28 February 2021, up from £92.2m the prior year. In the same period, revenue climbed 41% to £1.7bn, up from £1.2bn the previous year, which Boohoo attributed to the growth of its longer established…

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Boohoo considers linking exec bonuses to ESG goals

Boohoo has told the Environmental Audit Committee (EAC) that it is exploring the possibility of linking senior executive bonuses to environmental, social, and governance (ESG) improvements. The strategy had been recommended to the online fashion retailer during a virtual evidence session with the group’s executives in December 2020. In turn,…

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Boohoo acquires new office in Soho for £72m

Boohoo has announced that it has acquired a new office in Soho for the group’s London-based brands for £72m. The new office is intended to become home for all London-based product, marketing, technology and central support teams, offering flexible working for approximately 600 employees. The news follows the retailer’s recent…

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JD Sports, Frasers Group and Amazon eye Topshop flagship

A number of retailers have reportedly expressed interest in purchasing Topshop’s former flagship store, including JD Sports, Amazon and Frasers. According to  Drapers,, the administrators of the 100,000 sq ft store have appointed Eastdil and Savills to explore a sale of the site. It also reports that the London store…

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Boohoo continues expansion with new warehouse deal

Boohoo has announced that following an exchange of contracts, it has agreed a long-term lease for a new warehouse in Daventry, in a bid to fuel further growth for the group. The site is due to become operational in the second quarter of the retailer’s financial year, and forms part…

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