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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May- 2020 -15 MayClothing & Shoes
Boohoo secures £200m through share placing
Boohoo confirmed it has successfully raised almost £200m in funding following the placing of 58 million shares. The online retailer raised £197.7m through the successful placing of 58,140,591 shares at 340p per share, in a placing led by investment banking boutique Zeus Capital. Following the fundraise, Boohoo will have an…
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5 MayPeople Moves
JD Sports blocks director appointment at Boohoo
Sportswear giant JD has reportedly blocked non-executive director Kath Smith from joining online fashion retailer Boohoo in the same role. The online fashion group announced the appointment of Smith last month, effective from 1 May. Boohoo’s group CEO Mahmud Kamani had said: “Her commercial insight will be a great asset…
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Apr- 2020 -22 AprilOnline & Digital
Boohoo reports 54% rise in pre-tax profits in FY results
Online fashion retailer Boohoo has reported a 54% rise in pre-tax profit to £92.2m compared with £59.9m last year. In its full year results ended 29 February 2020, Boohoo reported a 44% increase in revenues to £1.2bn compared with £857m in the same period in 2019. Gross profit increased by…
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15 AprilComment
Will Boohoo’s bubble soon burst?
It’s fair to say that Boohoo was the success story of 2019. It achieved staggering growth and is now worth more than Marks and Spencer – an incredible achievement for a relatively nascent brand. But, as it continues its market domination, you do have to wonder when the good news…
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Mar- 2020 -4 MarchTips
Diving deeper into fall 2020’s menswear trends – what to know
Utility Clothing is Still Hot Businesses should refresh the design for the usual palette of khaki, olive, and tapenade colours and incorporate lighter and neutral tones to clothing. Premium brands can use simple leather ideas from Dior Homme for inspiration. For industrial designs, Y-Project attempts to take an alternative route…
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Jan- 2020 -28 JanuaryHigh Street
Over 31,000 retailers report signs of ‘significant financial distress’
The number of retail businesses in “significant financial distress” grew to 31,615 in the fourth quarter of 2019, according to research by corporate restructuring firm Begbies Traynor. The firm also reported a 8% year-on-year increase in the number of online retailers facing financial distress. Begbies Traynor’s Red Flag Alert research,…
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15 JanuaryAnalysis
Boohoo more valuable than M&S – a sea-change encapsulated
From a purely journalistic standpoint it is now a de facto cliché to refer to Marks and Spencer as the “high street bellwether”, yet that is the status it has held for so many decades. The once mighty monolith was the first British retailer to reach a market capitalisation of…
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15 JanuaryHigh Street
Moody’s downgrades M&S credit score to negative
Moody’s has downgraded Marks and Spencer’s outlook from stable to negative after it reported a 0.7% decline in revenues in its third quarter of the current financial year to £3bn. In referencing the decision Moody’s said that the “continued decline” in Marks and Spencer’s clothing and home like-for-like sales, which…
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14 JanuaryComment
How to: Proper supply chain management
“We are forced to work against our will” said the message in the Christmas card opened by a young English school girl planning to write her own wishes in the card. After the discovery of this message from a worker in a Chinese prison, Tesco’s supply chain management has been…
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14 JanuaryClothing & Shoes
Boohoo reports ‘strong growth’ over Christmas
Boohoo has reported a period of “strong growth” across all its brands in the four months ended 31 December. Total group revenue grew by 44% to £473.7m across all geographical regions, while total UK revenue increased by 42% to £255.8m. The US division also saw revenue increase by 57% to…
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