
There was good news and bad in Boohoo’s final results for the year to February, but much of the bad news had been flagged in advance and the firm said the pain it's feeling now should be balanced by future growth.
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There was good news and bad in Boohoo’s final results for the year to February, but much of the bad news had been flagged in advance and the firm said the pain it's feeling now should be balanced by future growth.
Boohoo Group issued a trading update on Thursday and said that sales grew 7% in Q4 compared to a year ago but were up a giant 48% on a two-year, pre-pandemic, basis.
Online fashion destination Atterley has appointed former Boohoo director Kelly Byrne as its new chief growth officer. The founder of the online marketplace, Mike Welch, called it a “superstar hire”.
Boohoo Group has delivered a brief update on the Californian Class Action Claim that has been brought against it and the update suggests it could be about to put its legal woes behind it.
Online fashion giant Nasty Gal and the media brand Sports Illustrated announced on Thursday the launch of an athleisure collection created to celebrate women in sports.
Boohoo’s trading update on Tuesday showed that the pureplay e-tailer continued to prosper in Q1, even after UK physical stores reopened in April, although there were challenges in some markets and margins were squeezed.
Under pressure over some of its supply chain practices, Boohoo delivered some possibly positive news on that front Tuesday.
Boohoo on Monday confirmed that it has bought the Debenhams brand for £55m. It will use it to move into beauty and homewares, extend its own brand offering, operate a giant online marketplace and grow internationally.
A day after Asos announced strong trading at the end of last year, Boohoo Group came out with its own good news on Thursday as it said the four months to December 31 saw sales soaring by 40%.
A US lawsuit could see senior executives at fast fashion e-tailer Boohoo being quizzed by lawyers following the rejection by a judge of its attempt to dismiss an action over allegedly fake discounts.