Retail News » fashion industry

Boohoo was making headlines again yesterday, but this time not for the right reasons. Just a couple of weeks ago industry experts were looking to the e-commerce giant as a shining example of how to triumph during the Covid19 crisis, as it closed its first quarter with a 45% increase on sales over the previous year and topped off its success by snapping up...

John Lewis announced yesterday the re-opening of another 10 stores but advised that not of all of their remaining 18 stores will open again, leading to further fears of job cuts and a growing crisis in the retail industry. The 156 year old department store empire added its name to an ever growing list of retail giants which have announced closures and job cuts...

The Coronavirus crisis has taken it's fair share of victims in the world of retail, tolling the death knell for a whole slew of companies including Debenhams, Long Tall Sally, Cath Kidson, Warehouse and Oasis. And yet, recent news tells us all is not lost – Boohoo has stepped in and bought the online businesses of both Warehouse and Oasis for a bargain £5.25m....