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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Dec- 2019 -6 DecemberClothing & Shoes
Boohoo founders sell off £143m of stock
Boohoo founders, Mahmud Kamani and Carol Kane, have announced the sale of 50 million shares in the fashion group, at a price of 285p with a total value of £142.5m. Following this placing, which was announced in a regulatory filing yesterday, the duo now possess just over 184 million shares…
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3 DecemberOnline & Digital
Boohoo upbeat after ‘record’ Black Friday trading
Online fashion retailer Boohoo has reported “record performance” across the Black Friday weekend. The company was “pleased to confirm” that since its half year end, trading has “remained strong” across its key brands, and both of its warehouses also had a “strong” operational performance. The group’s new brands, Karen Millen,…
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Sep- 2019 -25 SeptemberOnline & Digital
Boohoo revenues spike 43% in half-year results
Online clothing retailer Boohoo has seen its revenues skyrocket by 43% to £564.9m for the six months to 31 August 2019. This was a result of “strong momentum” across the business, driving revenue growth in all of its brands and in all key focus territories. The group added it is…
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5 SeptemberOnline & Digital
Boohoo raises FY guidance after sales come in ‘ahead of expectations’
Online clothing retailer Boohoo has raised its full-year guidance after it reported sales for the first half of the year came in “ahead of expectations”. In a trading update Boohoo said that due to “strong” revenue growth driving operating leverage across its key brands it now anticipates group sales growth…
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Aug- 2019 -7 AugustOnline & Digital
Boohoo acquires Karen Millen and Coast putting 1,100 jobs at risk
Online fashion retailer Boohoo has acquired British brands Karen Millen and Coast, which were recently put up for sale by their owner Icelandic bank, Kaupthing. The group has acquired only the online business and all associated intellectual property rights from the administrators of Karen Millen Fashions Limited and Karen Millen…
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6 AugustOnline & Digital
Boohoo confirms offer for Karen Millen and Coast
Online retailer Boohoo has confirmed it has made an offer to acquire the online business of British brands Karen Millen and Coast, together with all associated intellectual property rights. The group believes that the online business of these brands would represent “highly complementary” additions to its scalable multi-brand platform and…
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Jul- 2019 -10 JulyAdvice
The impact of Brexit on the UK retail market
It’s no secret that the UK retail sector is facing a serious crisis, with the demise of several vendors including HMV, Toys R Us and LK Bennett a stark example of companies which have failed to stay afloat. But where did it all begin and what actions can retailers take…
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Jun- 2019 -21 JuneHigh Street
Usdaw to protest at Boohoo AGM
Retail trade union The Union of Shop, Distributive and Allied Workers (Usdaw) is set to protest Boohoo’s AGM today, (21 June) over the company’s refusal to meet over ethical trading. The protest will take place at Boohoo’s HQ on Dale Street in Manchester, and at its AGM on Hardman Square,…
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18 JuneClothing & Shoes
Boohoo launches first recycled collection
Online clothing retailer Boohoo has launched its first dedicated recycled fashion range. Made using recycled polyester, the fabric is created from plastic that has been directed away from landfill and repurposed to produce new yarn. Boohoo said the aim of the collection “was to not to compromise on style”, and…
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12 JuneOnline & Digital
Boohoo Q1 sales surge 39%
Boohoo has seen group sales surge 39% as revenues reached £245.3m for the three months ending 31 May. The online fashion retailer said it experienced strong revenue growth across all geographies with the UK up 27% to £140.6m and international up 56%. Across its brands, sales at Boohoo were £123.5m…
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