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Matalan Retail Limited

Boohoo Group Plc

Where is Boohoo at with addressing its supply chain failings?

14 January 2021 | Hannah Abdulla

UK fast-fashion retailer Boohoo has said it is continuing its investigation into some suppliers, having already removed 64 as part of its new "deep-dive" initiative, following a supply chain probe related to working conditions and low pay.... read more


Boohoo Group remains unfazed by Covid-19 – What the analysts say

14 January 2021 | Beth Wright

Boohoo Group has raised its revenue guidance for the full year after posting a 40% sales hike for the four months to the end of December. Analysts note the fast fashion retailer has benefitted from further non-essential store closures in the UK which have renewed the shift of shopping online and hail its agility in pivoting away from partywear to the more resilient categories of athleisure and loungewear.... read more


Boohoo ups FY guidance on peak trading sales surge

14 January 2021 | Beth Wright

UK online fast fashion retailer Boohoo Group has raised its revenue guidance for the full year on the back of strong peak trading which lead to a 40% rise in group sales for the four months to the end of December. ... read more


Boohoo cuts ties with Pakistan supplier over pay claims

23 December 2020 | Michelle Russell

UK online fast fashion retailer Boohoo Group has suspended a supplier in Pakistan following an investigation that claimed workers are being paid well below the minimum wage and in "appalling conditions".... read more


Boohoo appoints PKF Littlejohn as new auditors

21 December 2020 | Michelle Russell

Boohoo, the UK online fast fashion retailer under pressure over its Leicester supply chain, has appointed new auditors to replace PricewaterhouseCoopers (PwC) who stepped down in October.... read more


Boohoo owner "feels punished" over Leicester scrutiny

17 December 2020 | Michelle Russell

The owner of UK online fast fashion retailer Boohoo Group has told an audit committee he feels the company is being punished over scrutiny of the Leicester garment supply chain and that he could easily take business off-shore but vowed the company is committed to "making things better".... read more


Boohoo criticised in spoof Black Friday media campaigns

27 November 2020 | Leonie Barrie

The UK-based online fashion brand Boohoo faces mounting criticism from campaign groups this Black Friday weekend over allegations of underpaid wages owed to workers in Leicester factories.... read more


Boohoo moves to rebuild trust with new board hire

17 November 2020 | Beth Wright

UK online fashion retailer Boohoo has appointed former Asos international director Shaun McCabe to its board as a non-executive director, who will also chair the audit committee.... read more


Boohoo allegations taint fast fashion reputation

30 October 2020 | GlobalData Retail

Recent allegations against the Boohoo Group's working practices in its Leicester factories have damaged the retailer's reputation, with 66.4% of UK clothing and footwear shoppers stating they now feel discouraged from purchasing fashion from any of its brands in the future. This malpractice has also had a huge negative impact on the image of the fast fashion industry as a whole.... read more


Boohoo faces more challenges as it seeks new auditor

19 October 2020 | Michelle Russell

UK online fashion retailer Boohoo is facing more challenges this week after it emerged that PricewaterhouseCoopers (PwC) is stepping down as its auditor, following a recent investigation linking some of the company's suppliers to money laundering and VAT fraud.... read more


Matalan cautious as Q2 profits slump by almost a third

14 October 2020 | Michelle Russell

UK value clothing retailer Matalan has booked a decline in second-quarter earnings and issued a cautious outlook amid the reinstatement of Government restrictions due to Covid-19.... read more


Boohoo names responsible sourcing director

12 October 2020 | Beth Wright

UK online fashion retailer Boohoo has named former Primark executive Andrew Reaney as its new group director of responsible sourcing.... read more


Boohoo insists leadership committed to delivering change – Update

6 October 2020 | Michelle Russell

UK online fashion retailer Boohoo has said its leadership is "absolutely committed" to delivering change, despite calls by UK MP Liz Kendall for the replacement of the company's chair and CEO after an independent investigation into its supply chain found evidence of illegal work conditions.... read more


Boohoo raises FY guidance as H1 sales and profit soar

30 September 2020 | Beth Wright

Boohoo Group has upped its full-year guidance on the back of a double-digit hike in both earnings and revenue for the first half, which came despite the launch of an independent review into its UK supply chain during the period.... read more


Boohoo to boost supply chain oversight as probe finds failings

25 September 2020 | Beth Wright

Boohoo Group has pledged to strengthen its sourcing team and work more closely with suppliers after an independent review into its UK supply chain identified "many failings" but determined the online fast fashion retailer's business model is not founded on exploiting workers in Leicester.... read more


Matalan in management reshuffle as CEO steps down

11 September 2020 | Beth Wright

Jason Hargreaves is to step down as CEO of UK value clothing retailer Matalan after leading the company for seven years.... read more


Boohoo slumps as suppliers flout minimum wage law

1 September 2020 | Hannah Abdulla

At least 18 of Boohoo's suppliers are alleged to have flouted UK minimum wage laws, and some have been accused of employing immigrants without the proper right-to-work documentation.... read more


ETI declines to participate in Boohoo investigation

25 August 2020 | Hannah Abdulla

The Ethical Trading Initiative (ETI) has declined to participate in Boohoo's independent inquiry into supply chain practices, saying it is not the best way forward to fully investigate the matters.... read more


Leicester urges UK brands to buy only from suppliers that work with unions

24 August 2020 | Hannah Abdulla

Leicester's mayor Sir Peter Soulsby has called upon major UK fashion brands including Boohoo, Asos, TK Maxx, Missguided, River Island, Next, and New Look to sign an agreement in which they agree to procure goods only from manufacturers that recognise and work with trade unions.... read more


New Boohoo-owned factory planned for Leicester ahead of supply chain review

28 July 2020 | Hannah Abdulla

Online fast fashion retailer Boohoo has updated on the independent review of its UK supply chain amid the news it has completed the purchase of a 2.5-acre manufacturing site in Leicester – which it says signals a new stage in the company's commitment to UK manufacturing.... read more


Matalan moves to Q1 loss as sales slump

21 July 2020 | Michelle Russell

UK value clothing retailer Matalan has moved to a loss in its first-quarter and booked a slump in sales as the closure of its store estate due to Covid-19 hit results.... read more


Quiz latest to offload Leicester supplier amid "modern slavery" allegations

13 July 2020 | Michelle Russell

Quiz has become the second UK fast fashion retailer in the last week to launch an investigation into one of its Leicester-based suppliers following allegations of non-compliance with living wage requirements, while reports have emerged nearly 10,000 modern slaves could be working in the city.... read more


Boohoo investigation could have lasting impact on transparency in fashion

8 July 2020 | Michelle Russell

Boohoo's share price slumped 22% in morning trading today (8 July) as a growing number of retailers ditched the group's brands from their websites over claims of exploitation and unsafe conditions at one of its UK supplier factories. Analysts have questioned where Boohoo goes from here and how it will affect fashion's transparency problem.... read more


Boohoo will "terminate" factories breaching supplier code

6 July 2020 | Hannah Abdulla

UK online fast-fashion retailer Boohoo Group has insisted it works to ensure everyone in its supply chain is "properly remunerated, fairly treated and safe at work" and warns it will axe relationships with factories that breach its supplier code of conduct after media reports surfaced that one of its Leicester-based supplier factories is paying staff just GBP3.50 (US$4.38) an hour.... read more


Leicester clothing suppliers in spotlight for lockdown breaches

1 July 2020 | Michelle Russell

Reports have emerged of "shocking" working conditions at clothing factories in the UK city of Leicester, which are said to have continued to operate at full capacity during lockdown primarily to sustain orders from their biggest customer, Boohoo.... read more


China or India eyed for next Fashion Transparency Index

22 June 2020 | Ivan Castano Freeman

Fashion Revolution, which monitors and ranks 250 clothing brands based on their labour and environmental behaviour, could launch its next Transparency Index in India or China, just-style has learned.... read more


Boohoo bags Oasis and Warehouse in latest buying spree

17 June 2020 | Beth Wright

Fast fashion retailer Boohoo has acquired the online businesses and all associated intellectual property of British women's wear brands Oasis and Warehouse from investment firm Hilco Capital Limited in a GBP5.25m (US$6.6m) cash deal. ... read more


Boohoo secures GBP197.7m as it eyes future acquisitions

15 May 2020 | Beth Wright

Online fashion retailer Boohoo has raised GBP197.7m (US$241.4m) in less than 24 hours through a share placing designed to help it fund future acquisitions amid the Covid-19 pandemic.... read more


The Boohoo group is "well-placed" to face Covid-19

22 April 2020 | Beth Wright

Online fast fashion retailer Boohoo has reported a double-digit hike in full-year sales and earnings, with group revenue surging 44% to GBP1.2bn. With its key brands likely to benefit from their value propositions once nationwide lockdown restrictions are lifted and consumers are able to start going out again, the retailer is well-positioned to weather the retail storm caused by the Covid-19 pandemic.... read more


Boohoo FY sales surge 44% to GBP1.2bn

22 April 2020 | Beth Wright

Boohoo has reported a double-digit rise in both earnings and sales for the full financial year and seems "well-positioned" to deal with the impacts of Covid-19 as the online fashion retailer cites improved year-on-year group sales growth during April.... read more


Matalan Q3 sales slip but online props up Christmas growth

20 January 2020 | Beth Wright

UK value clothing retailer Matalan has posted a drop in third-quarter sales as CEO Jason Hargreaves says consumer confidence and spending remained depressed throughout the autumn/winter season.... read more


Record trading at Boohoo – What the analysts say

14 January 2020 | Beth Wright

Online retailer Boohoo has hailed record trading in the last four months of 2019 – which includes the peak Christmas trading season – with group revenue surging 44% across all key geographic regions in the period to 31 December. The performance has seen the business raise its annual sales forecast, with analysts noting the group continues to excel in a challenging market.... read more


Boohoo raises FY forecast on "record" four months

14 January 2020 | Beth Wright

Shares in Boohoo rose today (14 January) after the online fast fashion retailer said it expects annual group revenue growth to come in ahead of expectations after a period of record trading in the last four months of 2019. ... read more


Boohoo hails "record" Black Friday performance

3 December 2019 | Beth Wright

Boohoo has hailed a record performance across the Black Friday weekend and says it is trading in line with market expectations in the lead up to the key holiday trading season.... read more


Brands still failing to deliver on responsible viscose sourcing

20 November 2019 | Michelle Russell

A new report has found that while the issue of responsible viscose production is now firmly on the agenda of the fashion industry, there are still brands and retailers failing to deliver on responsible sourcing.... read more


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