All Boohoo articles – Page 3
-
Retail Navigator AnalysisBoohoo Group (Financials)
In a challenging retail environment, particularly for ecommerce as consumers continue to return to physical stores, the group’s performance for the year to 29 February 2024 (FY2023) came under further pressure, impacted by increased inflation and the cost-of-living crisis hitting consumer demand. Group revenue slumped 17.4% year on year to £1.46bn in FY2024, having fallen 10.8% to £1.77bn the previous year, while pre-tax losses widened to £159.9m.
-
NewsBoohoo calls on shareholders to reject Frasers’ proposals as losses deepen
Boohoo has this evening called on its shareholders to vote against all the proposals set out by Frasers, insisting its existing board can turn the ship around even as its losses deepened in the first half.
-
NewsPeel Hunt downgrades profit forecasts for six retailers due to Budget impact
Investment bank Peel Hunt has downgraded its profit forecasts for six retailers, including struggling fast fashion player Boohoo and cycling and motoring specialist Halfords, due to the effects of changes to national insurance made in the recent Budget.
-
NewsBoohoo outlines ‘concerns in relation to Frasers’ behaviour’ as battle continues
Boohoo has written a new letter highlighting “concerns in relation to Frasers’ behaviour” as the two retailers continue their public battle over the company.
-
NewsFrasers insists on shareholder approval before any Boohoo asset disposals
Frasers has written a new letter to Boohoo demanding the retailer allows shareholders to vote on key decisions including any disposals of Boohoo’s assets.
-
DataRanking: The top 25 fastest-growing retailers show how we shop the ‘new normal’
Thanks to the Interpath Retail Index 2024, Retail Week can reveal the top 25 fastest-growing retailers and what they tell us about how shoppers behave in the ‘new normal’. To read the full report and see the full list of fastest-growing retailers which goes up to 100, click here.
-
Retail Navigator AnalysisBoohoo Group (Strategy)
Boohoo Group is set to benefit from the online expertise of its new CEO Dan Finley. Boohoo Group deputy chairman Alistair McGeorge said: “Dan and his team have successfully transformed Debenhams from a failed department store, creating a new business model that is a capital-light, stock-light, high-growth marketplace.”
-
NewsMike Ashley lashes out at ‘desperate’ Boohoo over CEO snub
Frasers owner Mike Ashley has hit out at fashion retailer Boohoo, calling its decision to snub his demand to be made CEO in favour of promoting from within “desperate”.
-
AnalysisWho is the new Boohoo CEO and is he the right pick to turn the struggling retailer around?
Boohoo has announced the appointment of a new group chief executive officer following the shock departure of John Lyttle just two weeks ago. And no, it’s not Mike Ashley. Is Dan Finley the right man for one of the toughest, and now most controversial jobs in retail?
-
NewsBoohoo snubs Ashley demand as it names Debenhams boss as new chief executive
Boohoo has snubbed the demands of its largest shareholder by appointing former JD Sports and current Debenhams boss Dan Finley as its new group chief executive.
-
AnalysisShareholder shootout: the key players in the looming battle for control of Boohoo
As the behind the scenes boardroom battle for control of fallen fast fashion giant Boohoo breaks out into the open, Retail Week looks at the major shareholders and how they may decide the fate of the retailer
-
NewsBoohoo has set out its view on Frasers’ bid to set new direction
Fashion retailer Boohoo has issued a response to Frasers Group’s attempt to shape the business, including a demand that Mike Ashley be installed as chief executive.
-
Opinion‘As Mike Ashley steps back into the ring, why is he set on Boohoo for his comeback fight?’
The sector held its breath this morning as one of retail’s last great heavyweights stepped back into the ring. But why now, for Mike Ashley? And, more importantly, why Boohoo? Asks news editor Hugh Radojev
-
NewsFrasers has urged Boohoo to appoint Mike Ashley as new chief executive
Frasers Group has written an open letter to Boohoo urging them to appoint Frasers founder Mike Ashley as the retailer’s new director and chief executive following John Lyttle’s departure.
-
AnalysisBoohoo: Is a brand breakup the best bet for the fallen pureplay giant?
Following last week’s announcement that Boohoo chief executive John Lyttle is exiting the business and rumours of a break-up of the group’s brands, Retail Week takes a look at what’s next for Boohoo, what Lyttle’s departure means for the business and if the fashion retailer is the next target of Mike Ashley’s ongoing shopping spree.
-
NewsBoohoo boss announces he’s leaving as group signs debt deal
The search for a new CEO is underway at Boohoo as boss John Lyttle announced his departure after five years at the helm.
-
DataRanking: The UK’s biggest fashion retailers and where they’ll be in three years
Thanks to exclusive data from Retail Week’s sister brand Retail Navigator by Lumina Intelligence, we can reveal how the landscape for fashion retail is going to change over the next few years – and which brands are set to dominate our high streets and wardrobes.
-
NewsBoohoo bosses under pressure to break up business and ‘spin off’ brands
Bosses at fast-fashion giant Boohoo Group are mulling a break up of the business as it faces pressure from shareholders to turn its fortunes around, according to reports.
-
NewsDebenhams is launching new international websites in time for Christmas
Debenhams is expanding internationally with new websites in Ireland and Australia set to launch before Christmas.
-
NewsBoohoo will start supplying all US customers from its UK distribution centre
Fashion retailer Boohoo has said it will stop supplying US customers from its Pennsylvania distribution centre and will fulfil these orders from its UK warehouse in Sheffield.