Online fashion retailer cut over 1,000 jobs in year to February amid competition from rival Shein and resurgent high street
Get Started for FREE
Sign up with Facebook Sign up with X
I don't have a Facebook or a X account
Your new post is loading...
Your new post is loading...
|
|
This article in the Guardian highlights a dramatic turnaround in the fortunes of one-time darling of the fashion sector Boohoo. The company who owns a range of brands - Debenhams, Warehouse, Dorothy Perkins and Pretty Little Thing - has moved from a position of having £6m in net cash a year ago to net debts of £95m by the end of February.
The first thing you might want to investigate is how firms can easily keep trading in such circumstances - but I'd then want to know what has happened to produce such a change and how the business might be expected to respond. At the moment, it has very much lost its lustre.