Boohoo for Yahoo as SEC begins probe into cyber breach January 23, 2017 Tech giant Yahoo is being scrutinised in an investigation by the the US Securities and Exchange Commission (SEC) over whether it should have reported data breaches sooner to investors. In December, Yahoo admitted it was a target of a cyber attack in August 2013 in which data of more than one billion users was compromised. In September, the [...]
Shoppers spent £133bn online last year, but the internet is hitting margins January 17, 2017 UK retailers raked in £133bn online last year as the internet's importance for the retail industry continued to grow. Research from IMRG and Capgemini shows that shoppers spent £18bn more online in 2016 than they did the year before, a growth of 16 per cent. Read more: John Lewis will cut staff bonus as profit comes [...]
These are the key trends in retail in 2017 – and who will benefit from them January 16, 2017 The Christmas reporting season isn't over yet – the market is awaiting updates from Dixons Carphone and WH Smith – but the figures that have been reported so far have indicated some of the key retail trends investors should watch out for this year. Read more: Brexit vote boosts Hugo Boss The outlook for the UK consumer [...]
Boohoo sets the online shopping trend to start the New Year January 10, 2017 Boohoo.com has ended 2016 on a high and looks set to continue the form into the New Year, with the online clothing retailer reporting strong increases in revenues and raising its revenue guidance for the start of this year. The figures Revenues grew 55 per cent, with growth in America particularly impressive: US revenues increased by [...]
UK retail scores “solid yet unspectacular” end to 2016 January 10, 2017 Retailers are bracing themselves for a possible slowdown in consumer spending this year, but the sector ended 2016 in (relatively) good health, thanks to a strong performance on Christmas week. Like-for-like sales in UK retail increased one per cent year-on-year in December 2016, according to figures from the British Retail Consortium (BRC) and KPMG, improving from a [...]
Online retailers including Asos and Boohoo set to be the winners of the festive season January 8, 2017 Retailers with a strong online offering are set to be some of the biggest winners of the festive season's trading, with analysts pencilling in sales jumps for Asos and Boohoo of 30 per cent and 46 per cent respectively. The City had been fearful that the festive period was a bloodbath for retailers after Next [...]
No tears for Boohoo as it nears $20m acquisition of US firm Nasty Gal’s assets December 28, 2016 Boohoo's share price rose this morning after the online fashion retailer announced it has initially agreed to snap up several assets from US group Nasty Gal for a cool $20m (£16.2m). Joint chief executives Mahmud Kamani and Carol Kane said the purchase agreement, which is Boohoo's second acquisition announced this month, is an "ideal next step" [...]
Boohoo’s share price surges as it picks up a two-thirds stake in PrettyLittleThing for £3.3m December 14, 2016 No tears over here: Boohoo's just acquired a majority stake in fellow online retailer PrettyLittleThing for £3.3m. Boohoo's chairman Peter Williams said PrettyLittleThing was a "natural fit" and would complement Boohoo's "inclusive and innovative" brand. We are delighted to add this fast growing, international business to the group. We believe this is an excellent opportunity to [...]
Boohoo upgrades forecast for the second time this year September 27, 2016 Online fashion retailer Boohoo upgraded its forecasts again today after announcing bumper sales growth and profits for the six months to the end of August. Boohoo upgraded its full-year sales guidance for the second time in two months. At the beginning of August, the online retailer upped its expected sales growth to between 28 per cent [...]
DFS’ share price jumps as the company upgrades full-year forecast August 11, 2016 DFS' share price was up over 13 per cent this morning after the company said its results for the full year would hit the top end of its expectations. "In light of second half of trading, the board expects DFS to deliver record performance for the full year with results towards the upper end of market [...]