Boohoo hikes guidance after ‘record’ quarter January 14, 2020 Boohoo raised its full-year guidance this morning as it reported record trading during the final quarter of last year. The online fashion retailer’s shares jumped more than five per cent after it announced group revenue in the four months to 31 December was £473.7m, an increase of 44 per cent compared to the same period [...]
All the big high street retailers that collapsed in 2019 December 23, 2019 It has been another turbulent year for the UK high street, which has struggled to adapt to changing consumer behaviour while battling rising overhead costs. Household names such as Debenhams, Mothercare and Clintons hit the news after they were forced to launch restructuring plans, close stores or simply stop operations. Read more: Why high street [...]
Boohoo co-founders sell off £143m of shares December 5, 2019 Boohoo’s Boohoo’s co-founders have sold a whopping £142.5m of shares in their company, it emerged today, sending the online retailer’s stock down in early trading. Co-founder and executive director Carol Kane sold a third of her stake in the fashion brand – 15m shares – for 285p each to slash her stake to 2.7 per [...]
Shares in Boohoo rise as it reports ‘record’ Black Friday trading December 3, 2019 Shares in Boohoo rose as much as three per cent this morning after the online retailer reported a record performance over the Black Friday weekend. The British fashion firm said trading had remained strong across its key brands since its half-year end, with a further boost from last week’s sales bonanza. Read more: International growth [...]
Pet Sematary trailer ‘inappropriately targeted’ at children, watchdog rules October 30, 2019 The advertising watchdog has censured film studio Paramount Pictures after a “frightening” trailer for the horror film Pet Sematary was shown before Youtube videos likely to appeal to children. The trailer – which opened with a girl walking through some woods with a voiceover stating: “Something up in those woods, it brings things back; sometimes [...]
Watchdog censures Boohoo and Missguided over ‘sexual’ adverts October 16, 2019 The advertising watchdog has censured retailers Boohoo and Missguided over adverts that contained “offensive” and “socially irresponsible” sexual references. In an online video ad for women’s fashion brand Missguided, young women in swimwear were depicted in “seductive poses”, including one shown with a strawberry between her lips. Read more: Deliveroo astronaut ad banned over misleading [...]
International growth boosts Boohoo profit September 25, 2019 Boohoo revenue and profit soared in the first half of the year driven by strong international growth at the fast fashion brand. The figures Revenue soared 43 per cent from £395.3m in the first half of 2018 to £564.9m in the first six months of this year. The company’s revenue was more than £1bn over [...]
Sports Direct’s Mike Ashley makes move for Links of London September 9, 2019 Retail magnate Mike Ashley is hoping to ramp up his high street spending spree after putting in an offer for troubled jewellery group Links of London. The Sports Direct owner is tabling a bid to snap up the retail outlet, according to Sky News, which has reported that Ashley is one of two final bidders [...]
Boohoo shares soar as online retailer boosts full-year guidance September 5, 2019 Shares in online retailer Boohoo soared to an all-time high this morning after the fast fashion firm increased sales growth guidance for the year. Boohoo’s share price was up 15.37 per cent to 280.7p after the company announced sales growth would be between 33 per cent and 38 per cent, against previous guidance of 25 [...]
Soaring temperatures fail to heat up July high street sales August 9, 2019 Soaring temperatures failed to lift high street sales last month but benefited online stores as consumers turned to fast fashion for their heat wave wardrobes. In-store like-for-like sales only increased 0.1 per cent in July as shoppers sheltered from the heat, upping the pressure on retailers as the third quarter continues. Read more: Restaurants eat [...]