All Boohoo articles – Page 6
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AnalysisRetail 100 2021: Boohoo’s Carol Kane named UK’s most influential female retail leader
Carol Kane is the most influential woman in UK retail, according to the Retail 100 list, Retail Week’s ranking of the most powerful people in the industry.
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NewsBoohoo to link top team bonuses to meeting ethical and environmental targets
Boohoo has agreed to link its bonus scheme for directors to making changes to its supply chain following last year’s scandal.
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DataData: Asos vs Boohoo – the battle of the fashion etail giants
Asos and Boohoo – two fast fashion etail giants who have stormed through the pandemic, picking up struggling competitors as they go. But, in five years’ time, who will be the bigger powerhouse?
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Retail Navigator Analysis
Boohoo Group (Overview)
Boohoo Group (including BoohooMan) is a fast fashion ecommerce group based in Manchester, which owns and operates an eponymous clothing brand alongside PrettyLittleThing, Nasty Gal, Miss Pap, Karen Millen, Coast, Oasis, Warehouse, Debenhams, Dorothy Perkins, Burton and Wallis.
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Retail Navigator AnalysisBoohoo Group (Financials)
In a challenging retail environment, particularly online, the group’s performance for the year to end-February 2023 (FY2022) came under pressure, impacted by increased inflation and the cost-of-living crisis hitting consumer demand. Overall sales fell 10.8% year on year to £1.77bn in FY2022, having grown 13.6% to £1.98bn the previous year. Sales were up 43.2% on a three-year basis.
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Retail Navigator AnalysisBoohoo Group (SWOT)
Boohoo Group’s acquisitive strategy provides huge opportunities to widen its customer appeal. The takeover of premium retailers Karen Millen and Coast, and subsequently Oasis, Warehouse, Wallis, Burton and Dorothy Perkins will help widen the traditionally fast-fashion focused group’s target demographic. Furthermore, its relaunch of the Debenhams website has facilitated a push into beauty and homeware.
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Retail Navigator AnalysisBoohoo Group (Strategy)
The Boohoo Group comprises Boohoo, BoohooMan, PrettyLittleThing (PLT), Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Debenhams, Wallis, Burton and Dorothy Perkins. The group’s aim is to lead the ecommerce market and it has undertaken an ambitious growth strategy to drive this, where acquisitions have been key. Meanwhile, relatively low capital expenditure has proved pivotal to its profits.
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AnalysisAnalysis: Five ways Boohoo is building for the future after supply chain scandal
After a stellar year in which the fast fashion etailer reported over £1.7bn in sales, and acquired six well-known brands, Boohoo has unveiled plans to keep its momentum going.
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NewsBoohoo profits surge as sales rocket across globe
Boohoo has posted a spike in sales and profits as coronavirus lockdowns across the globe spurred growth in all of its international markets.
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NewsBoohoo buys London office as base for 600 staff
Fashion etailer Boohoo has acquired office premises in central London that will provide a base for 600 people.
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AnalysisChina boycotts H&M: Will Western brands have to choose between ethics and profits?
Tensions between China and the West reached boiling point last week as several countries, including the UK, imposed sanctions over human rights abuses against Uighur Muslims and retail found itself caught in the crossfire.
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NewsBoohoo explores vintage fabrics and resale websites as it targets sustainability
As part of its commitment to ESG and in tandem with the Agenda for Change, Boohoo has announced a host of sustainability pledges in a bid to ensure a better future for the business.
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NewsBoohoo publishes UK supplier list in push for transparency
Fashion etailer Boohoo has published a list of UK suppliers and unveiled a sustainability strategy as it seeks to address controversy that has dogged the business.
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AnalysisFrom catwalk to high street: is genderless fashion the future?
Not only did London Fashion Week go digital this year, it went genderless – but what could that mean for fashion retail?
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NewsMPs demand Boohoo bonuses linked with ethical and environmental pledges
The Environmental Audit Committee has written to Boohoo asking for its senior executives’ bonuses be linked to the progress made on its commitment to clean up its supply chain.
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OpinionErin Brookes: ‘There is no doubt that further retail consolidation is coming’
Green shoots of optimism may be germinating, but it is certain that the last 12 months have left an irreversible imprint on the UK’s retail industry.
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NewsOnline retailers launch new trade body to champion ecomm cause
Big-name pureplay retailers have formed an industry association to highlight their contribution to UK success and fight their corner – including on tax.
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AnalysisDo you really need shops? Lessons from Cath Kidston, Karen Millen and Coast
As pureplays Boohoo and Asos scoop up the brand rights to former high street darlings Debenhams and Topshop, switching them to online only, Retail Week gleans lessons from brands that have already ditched their stores.
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NewsBoohoo snaps up Arcadia’s remaining brands
Boohoo has finalised the purchase of Arcadia’s Wallis, Burton and Dorothy Perkins brands out of administration.
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NewsBoohoo closes in on £25m deal for trio of Arcadia brands
Boohoo is closing in on a deal for three of Arcadia’s high street brands as the fashion etailer presses ahead with its ambitious acquisition spree.
