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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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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11 JuneOnline & Digital
Boohoo owner hit with £118m lawsuit
Boohoo owner Mahmud Kamani, has had a lawsuit filed against him by an IT consultant for breach of an agreement. Contractor Richard Womack is seeking remuneration for setting up the website, database, and integrated stock lines for the online retailer. He claims to have organised and bought equipment for photoshoots,…
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7 JuneOnline & Digital
Boohoo faces Commons pressure over Usdaw meeting refusal
Online fashion retailer Boohoo, is coming under pressure from chairman of the Environmental Audit Committee MP Mary Creagh, as it again refused to meet for talks around its ethical trading standards. The Union of Shop, Distributive and Allied Workers (Usdaw) is the fifth largest trade union in the UK with…
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Apr- 2019 -24 AprilOnline & Digital
Boohoo revenues surge 48% in 2018
Online fashion retailer Boohoo has reported a 48% increase in revenues to £856.9m for the year ending 28 February 2019. Pre-tax profit also jumped 39% to £59.9m, and adjusted EBITDA increased to £84.5m, 9.9% of revenue, compared with the £56.9m reported the previous year. Additionally, its PrettyLittleThing and Nasty Gal…
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15 AprilAdvice
An opportunity for fashion retailers to shine
Almost everywhere we turn there are proclamations of retail doom, high street downfall and talk that things have never been so tough. Just last month, the fashion retailer Select announced that it was preparing to call in the administrators, putting 2,000 jobs at risk. However, there has also been some…
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Mar- 2019 -27 MarchM&A
Boohoo acquires online retailer MissPap
Online fashion retailer Boohoo group, has acquired the brand and intellectual property assets of women’s pureplay fashion brand MissPap for an undisclosed sum. MissPap, which was founded in 2015 in the north west of England and has amassed strong online presence with over 1 million Instagram followers, will join Boohoo’s…
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15 MarchPeople Moves
John Lyttle joins Boohoo as CEO
Boohoo has announced that former Primark COO John Lyttle has officially joined the online retailer as its new CEO with immediate effect. Lyttle joins boohoo following an eight-year tenure at Primark Stores Limited, a division of Associated British Foods plc. Boohoo said his appointment is a “key constituent” of the…
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