LONDON MARKET PRE-OPEN: ITV upbeat ahead of key summer viewing events
LONDON MARKET PRE-OPEN: ITV upbeat ahead of key summer viewing events | Financial News
Source: lse.co.uk
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Boohoo profits soar as Covid turns customer focus to loungewear
Boohoo’s adjusted pre-tax profit climbed by 37% in the 12 months to 28 February to a better-than-expected £174m as the group’s customers shrugged off concerns about the group’s supply chain, following last summer’s allegations that linked it to factories with poor working conditions in Leicester and abroad. Manchester-based Boohoo, which also owns the brands PrettyLittleThing and Nasty Gal, was able to take advantage of the declining fortunes of more traditional retailers during the pandemic. It acquired high street brands including Oasis, Warehouse and Karen Millen, as well as Dorot...
Source: theguardian.com
LONDON BRIEFING: ITV upbeat for 2021 on Euros, return to 'Love Island'
LONDON BRIEFING: ITV upbeat for 2021 on Euros, return to 'Love Island' | Financial News
Source: lse.co.uk
7 things I learned trying to shop on Boohoo's website
Boohoo announced a 41 percent rise in annual revenues to £1.7billion on Wednesday Boohoo, it seems, is unstoppable. The faster-than-fast fashion retailer announced a 41 percent rise in annual revenues to £1.7billion on Wednesday. It’s an extraordinary figure, especially in the wake of a pandemic that has caused so many high street fashion chains to crash into administration (the Boohoo Group went on to acquire several of these heritage British brands, including Warehouse, Debenhams and Karen Millen). The company attributes its success to sales of athleisure - comfy clothes that are worn...
Source: telegraph.co.uk
Boohoo: Burnley company reports surge in profits | Lancashire Telegraph
AN ONLINE fashion company and major Lancashire employer has report a large rise in profits. Boohoo, which maintains a large distribution hub on Heasandford Industrial Estate, Widow Hill Road in Burnley, reported a 41 per cent rise in revenues as the firm benefited from the online shopping boom during lockdown. The company told shareholders on Wednesday morning that pre-tax profits lifted by 35 per cent to £124.7 million as it was boosted by the sales increase, while revenues jumped to £1.74 billion in the year to February 28 from £1.23 billion in the previous year. Boohoo chief exe...
Source: lancashiretelegraph.co.uk