Debenhams name rescued by Boohoo - but Oxford store will still close
The company highlighted that Debenhams has six million beauty shoppers and 1.4 million Beauty Club members. Boohoo said: “The group intends to rebuild and relaunch the Debenhams platform, helping further the group’s stated ambition to lead the fashion e-commerce market, and grow into new categories including beauty, sport and homeware.” Boohoo shareholders appeared to welcome the deal, with shares up 4% in early trading on Monday. However, Shore Capital retail analyst Greg Lawless warned that an online-only operation could hit Debenhams’ beauty sales. He said: “The big que...
Source: thisisoxfordshire.co.uk
