Boohoo-owned Debenhams is preparing its expansion into international markets, with new websites set to launch in Ireland and Australia before Christmas. This is according to CEO Dan Finley, who confirmed in an interview to Drapers that the return to these markets was part of a wider expansion drive. This will also involve the launch of a Nasty...
23 Sept 2024
By now, the ongoing controversies surrounding Boohoo’s supply chain are no secret. The past five years in particular have seen a period of turbulence take hold over the company’s production process, as mounting investigations slowly unveil the slew of seemingly broken promises made by the company to fix what it repeatedly says has not been...
23 Feb 2024
British fashion retail group Boohoo has entered the Indian market for the first time via a partnership with the region’s multi brand platform Myntra. As part of the launch, three of the group’s owned brands – Boohoo, Dorothy Perkins and Nasty Gal – are now available to shop through the site, offering over 1,500 goods across a multitude of...
1 Dec 2022
For the six months to August 31, Boohoo Group’s net revenue declined 10 percent to 882.4 million pounds amid “macro-economic headwinds facing both consumers and businesses”. The company said it expects for a similar rate of revenue decline to persist over the remainder of the financial year if the “current conditions” continue. Boohoo now...
28 Sept 2022
Boohoo Group Plc recorded a revenue increase of 14 percent reported and currency adjusted to 1.983 billion pounds in the year to February 28, 2022. Revenue over the two-year period increased by 61 percent from 1.235 billion pounds in 2020, at a time when apparel markets globally remain below pre-pandemic levels. The company said that the trends...
4 May 2022
Boohoo Group has delivered net sales growth in the fourth quarter of 7 percent and full year increase of 14 percent, in line with guidance. In the fourth quarter, gross sales growth was 26 percent versus last year and 57 versus two years ago. The company said the net sales growth in the quarter was impacted by higher returns rates year on year...
10 Mar 2022
Fashion e-commerce site Nasty Gal has partnered with media platform Sports Illustrated on an athleisure capsule. In the 20 piece collection, shoppers can find a range of co-branded sweatshirts, bicycle shorts and matching sets all inspired by 80’s sportswear, with the clothing brand aiming for a luxe-athleisure aesthetic combined with functional...
3 Sept 2021
Nasty Gal has launched a sustainable-focused collection with stylist and model Jen Ceballos of Endlessly Love Club. The limited-edition 40 piece drop comprises clothing made from recycled fabrics, organic cotton and reworked vintage looks. The collection features ‘90s vintage reworked silhouettes and accessories created from denim off-cuts that...
29 Jun 2021
Boohoo Group revenue for the first half-year increased by 45 percent or 44 percent CER to 816.5 million pounds (1,048.4 million dollar). The company said in a statement that adjusted EBITDA for the period was 89.8 million pounds (115.3 million dollars), an increase of 48 percent, while profit before tax was 68.1 million pounds (87.4 million...
30 Sept 2020
Boohoo is facing a 100 million dollar (81 million pound) lawsuit over claims by lawyers in the US that it is using fake sales and promotions. US law firms Almadani Law and AI LawLawyers accuse the company of misleading shoppers by creating “sham sales” using fake ‘original’ prices on products against which the new ‘sale’ prices appear slashed....
2 Jun 2020
Revenues at Boohoo Group Plc for the year increased by 44 percent at current and constant exchange to 1.235 billion pounds (1.52 billion dollars) with strong revenue growth across all territories and brands. However, since the middle of March, trading has been mixed, as a result of the impact of the Covid-19 pandemic, initially with a marked...
22 Apr 2020
Boohoo Group plc reported strong revenue growth of 44 percent across all key geographic regions to 473.7 million pounds (614.8 million dollars) for the four months ended 31 December 2019. The company said in a statement that gross margin for the four months was 53.5 percent, down 70 bps. Boohoo revenue of 232.6 million pounds (301.8 million...
14 Jan 2020