Boohoo Group released its half-year report on Wednesday and in a fashion retail market that’s seeing a record-breaking level of challenges, the company is going from strength to strength with revenue up 50%.
Boohoo Group has announced a new CEO from rival Primark with current co-CEO Carol Kane set to stand down as part of a board re-alignment. But Kane will remain heavily involved with company and will take on a new role.
TV show Love Island has fuelled a shopping boom this summer, proving a bright spot for both fashion and beauty as its official sponsor brands and others rode the wave of the overtly sexy style favoured by contestants.
H&M remains the most popular fashion brand globally with Zara, Adidas, Asos and Nike also in the top five of brands consumers are searching for, while French luxury labels are performing strongly, new figures show.
If further proof were needed that e-tail is the way forward for mass-market fashion, Boohoo.com's Q1 trading update onTuesday provided it. Total group revenue surged by 53% and PrettyLittleThing in particular excelled.