Boohoo revenue jumps more than 50 per cent as it plugs ‘record levels’ of investment into infrastructure June 12, 2018 It might be carnage on the high street for numerous big names at the moment, but Boohoo is going from strength to strength in online retail. It has reported a 53 per cent rise in revenue for the first quarter of the year as it eyes more market share gains. The figures Boohoo has set [...]
On trend: Invest in the new era of British fashion brands February 21, 2018 The past few days have been some of the most important in London’s fashion calendar. As Fashion Week graced us with its presence once more, City A.M.’s Alys Keys reported on the shift towards a more democratic industry, propped up by the power of digital influencers. The internet will continue to redefine how we shop, [...]
Online stalwart Asos is in for a fashion face-off with Amazon’s wardrobe service January 26, 2018 What do Debenhams, House of Fraser, Mothercare and Asos not have in common? Cracking Christmas clothing sales. While the high street’s stalwarts struggled to attract bargain-hunting shoppers over the festive season, their smaller online-only rival yesterday revealed a 30 per cent rise in sales for the final four months of 2017. Asos, or as As [...]
The AIMperor’s new clothes: Sosandar and Footasylum notch up share price rises after IPOs November 2, 2017 Two clothing retailers entered London’s junior market today, with shares in both jumping during their first day of trading. Footasylum, the sportswear retailer which is the branchild of JD Sports co-founders John Wardle and David Makin, debuted on the market with a price of 164p per share. They hit a high of 207p and closed [...]
Augmented reality startup Snatch wins £4.4m in latest funding and backing of LastMinute.com founder Brent Hoberman November 2, 2017 Augmented reality game Snatch has won £4.4m in seed funding from a raft of investors, including the co-founder of Lastminute.com The startup, established by British co-founders Joe Martin and Jamal Hirani, officially launches its app in the UK this week. It has attracted backing from LastMinute.com founder and cexecutive chairman of First Minute Capital Brent [...]
UK online retailer Sosandar thinks it can score better margins than Boohoo and Asos October 30, 2017 The giants of e-commerce have become experts at selling catwalk looks to cash-strapped millennials online, but new entrants are looking to take advantage of gaps in the online market. Founders of newcomer Sosandar, Ali Hall and Julie Lavington, are targeting wealthier women who have grown up buying clothes from Asos, but now want to buy [...]
When will it stop? Boohoo upgrades sales forecast yet again February 28, 2017 Boohoo has upgraded its sales forecast yet again, saying this morning that sales will double this year. Previously, Boohoo said its sales growth would be in the range of 46-48 per cent for the full year to 28 February. The online retailer, which targets millennials, said it had also improved its operations, meaning its margins [...]
Blame game over cyber crime leaves listed companies wide open to attacks February 9, 2017 A shocking disconnect between IT heads and their C-suite bosses means both expect each other to take responsibility for information security breaches, aerospace giant BAE Systems has revealed. While 50 per cent of IT decision makers would blame senior executives in the event of a breach, the most popular response amongst business leaders asked the [...]
Boohoo moves forward with $20m acquisition of Nasty Gal February 6, 2017 Online fashion retailer Boohoo is moving forward with its $20m (£16m) acquisition of bankrupt rival Nasty Gal, announcing this morning that the deal will be completed by the end of the month. Boohoo, which targets millennial shoppers, announced its intentions to buy up Nasty Gal's intellectual property assets and customer database on 28 December. This [...]
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 [...]