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- 2018 -23 JulyGovernment
Committee finds retailers ‘poor’ at regulating fur sales
The Environment, Food and Rural Affairs Committee has found that retailers, local authorities and Trading Standards have been “poor at enforcing regulations around the sale of real fur”, following its recent inquiry. The committee also said that Brexit would provide an opportunity for the UK to improve its system of…
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Jun- 2018 -12 JuneComment
Fast Fashion: The global battle
The fast fashion landscape is a crowded space. Spend a couple of minutes on a train platform, browsing Instagram, scrolling through Twitter or watching YouTube and the vast array of adverts, celebrity endorsers, vloggers and other assorted brand affiliates makes it clear that a fierce battle for the wallets of…
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12 JuneOnline & Digital
Boohoo reports £183.6m revenue jump
Online fashion retailer Boohoo has reported a 53% increase in total revenue for the first quarter of the 2019 financial year. The group said that for the full financial year it continues to expect group revenue growth to be around 40%, with an adjusted EBITDA margin between 9% to 10%.…
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5 JuneClothing & Shoes
Quiz defies high street blues with 30% growth
Fashion retailer Quiz has bucked a calamitous high street trend in the first half of 2018, announcing revenue growth of 30% from the previous financial year. Physical store sales grew by 12% and online sales by 158% compared with last year. The company also saw pre-tax profit rise slightly from…
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May- 2018 -21 MayPeople Moves
Mothercare CEO takes £132k pay cut and rejoins
Mark Newton-Jones has been re-appointed as CEO of Mothercare on a salary of £480,000. The former CEO is being reinstated only a month after his resignation. David Wood, the former Tesco executive who had replaced Newton-Jones will now become Mothercare’s group managing director. A spokesperson for Mothercare told Retail Sector:…
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Apr- 2018 -25 AprilOnline & Digital
Boohoo sales double in full year results
Online fashion retailer Boohoo has revealed a £579.8m increase in sales, up 97% for the year ending on 28 February 2018. The online pure-play group saw strong growth across its three major brands. Boohoo’s revenue increased by £374.1m, up by 32%, and sister company Pretty Little Thing saw revenue increase…
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23 AprilClothing & Shoes
Boohoo expected to report 95% sales increase
Boohoo is expected to report a 95% increase in sales when it publishes its full year results on Wednesday (25 April), the City has predicted. According to City AM, this will mean an increase of £574.6m with pre-tax profits at around £47m. Boohoo has heavily invested in its infrastructure with…
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Mar- 2018 -27 MarchOnline & Digital
ASOS to host modern slavery event at House of Lords
ASOS is co-hosting an event at the House of Lords today (27 March) with Baroness Lola Young, co-chair All Party Parliamentary Group on Ethics and Sustainability in Fashion, to identify and address shared risks in the apparel sector. The 2.5-hour meeting, set to be attended by senior representatives from ASOS’…
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Feb- 2018 -19 FebruaryHigh Street
Philip Green considers selling Arcadia to Chinese firm
British retail magnate Sir Philip Green is reportedly in talks to sell part of the Arcadia Group to a Chinese textiles giant. Reports said that Chinese firm Shandong Ruyi has already held negotiations and looked over the books of the retail conglomerate, which owns Topshop, Miss Selfridge, Burton and Dorothy…
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