85 600
Fashion Jobs
SALLY BEAUTY CORPORATE
IT Director - Finance & HR
Permanent · DENTON
SALLY BEAUTY CORPORATE
Field Director of Loss Prevention & Store Safety
Permanent · DENTON
LEVI'S
Associate Manager, Retail Stores Communications
Permanent · SAN FRANCISCO
NEW BALANCE
Athlete & Product Services Manager
Permanent · BOSTON
NEW BALANCE
sr. Manager, Portfolio Management | Operations
Permanent · LAWRENCE
THE REALREAL
Field Sales Account Manager (Account Luxury Manager)
Permanent · NEW YORK
TREK
Service Manager
Permanent · CENTERVILLE
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 12 Hrs - Fashion Outlets Niagara Falls - Niagara Falls, NY
Permanent · NIAGARA FALLS
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tejon - Arvin, CA
Permanent · ARVIN
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tanger Outlet Center Midway - Rehoboth Beach, de
Permanent · REHOBOTH BEACH
AVEDA
Keyholder - Aveda - 25 Hrs - Kenwood - Cincinnati, OH
Permanent · CINCINNATI
MACY'S
Asset Protection Detective, FT Myers - Full Time
Permanent · FORT MYERS
MACY'S
Fulfillment Associate, Portland - Full Time (2550)
Permanent · PORTLAND
MACY'S
Asset Protection Detective, Roosevelt - Full Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Flex
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Part Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Detective, Market Place - Full Time
Permanent · CHAMPAIGN
MACY'S
Asset Protection Detective, Barton Creek Square Mall - Part Time
Permanent · AUSTIN
MOVADO GROUP
District Manager
Permanent ·
STAND OUT FOR GOOD
Brand Rep (Sales Associate)
Permanent · EAST RUTHERFORD
UNIVERSITY OF NORTH FLORIDA
Apex Accelerator Coordinator
Permanent · JACKSONVILLE
JCPENNEY
Asset Protection Associate - Patrick Henry Mall
Permanent · NEWPORT NEWS
Published
Apr 5, 2018
Download
Download the article
Print
Text size

Boohoo shares at 13-month low

Published
Apr 5, 2018

Clothing brand Boohoo saw its shares slump to their lowest level in 13 months on Wednesday after market analysts warned that its growth rate might be unsustainable.


Photo: Boohoo.com


Canadian bank RBC Markets sent a note to clients, saying:  “We do not think Boohoo's customer proposition is competitive enough to sustain higher levels of growth, not least without significant investment.”

The company cut its target price for the fast fashion retailer to 125p from 160p, and retained its ‘underperform’ rating on the stock.

The note sent Boohoo’s shares sliding by 6.8% to 141p on Wednesday. They have fallen by 15.8% over the last month.

The company needs to invest further in the business if it wants to maintain its advantage over its competitors, said RBC Markets.

“We therefore anticipate a margin re-set driven by price investments, rising customer acquisition costs and enhancements to enhance the proposition, particularly around delivery, where Boohoo is less competitive than its peers.”

Whilst Boohoo has continued to report growing revenues, its valuation has fallen by 45% since September, when a decline in margins spooked investors.

The group owns Boohoo, Nasty Gal and PrettyLittleThing.

Copyright © 2024 FashionNetwork.com All rights reserved.