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Boohoo

Boohoo is an online fashion retailer founded by Mahmood Kamani and Carol Kane in 2006. The brand sells fashion clothes under its brand and other brands aimed at customers between 16 and 30 years.

The company has seen its sales grow over the years given its affordable prices, which appeal to young people.

The fashion retailer has also acquired numerous brands from defunct high-street retailers acquired over the years as customer preferences shifted to online shopping.

As a result, the company has been blamed for contributing to the fast fashion trend that has led to significant waste in the global fashion industry.

Boohoo’s low-priced fashion items and clothes are designed to be worn a few times and then discarded as fashion trends keep shifting.

The fashion retailer’s stock price came under intense pressure in mid-2020 after an investigation by the Sunday Times found that the company’s suppliers were underpaying their workers.

The investigation revealed that some of Boohoo’s UK workers were earning as little as £3.50 (US$4.37) an hour, which was way below the government’s minimum wage requirement of £8.91 per hour.

Boohoo has since cut off numerous suppliers and has promised to ensure that all its products are manufactured in facilities with good conditions.

However, the fashion retailer’s share price has continued to suffer and is down 45.76% since January.

However, despite its shares falling, its business has not suffered as much as other UK retailers as it continues to outperform its peers.

Boohoo latest news

boohoo
Shares
·Jun 29, 2022, 14:48 BST

Boohoo Share Price Trends Downwards as Retail Industry Struggles

On the downside, the boohoo share price has only had one direction throughout the month. Currently, the share price is...
Read More
Shares
·Jun 17, 2022, 17:52 BST

Boohoo Share Price Gains Big But Remains Vulnerable

The Boohoo share price leapt 12.74% higher on the day, enabling the stock to recover all the losses suffered on...
Read More
Shares
·Jun 09, 2022, 10:53 BST

Boohoo Share Price Opens Lower, But there is Hope for Recovery

The Boohoo share price has started the day on a negative note, as the stock struggles to command the attention...
Read More
Ted Baker share price
Shares
·Jun 07, 2022, 09:15 BST

Ted Baker Share Price on Edge Amid New Acquisition Intrigues

As acquisition chatter continues, the Ted Baker share price has been in the spotlight in the past few days. TED...
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Shares
·May 30, 2022, 13:46 BST

Boohoo Share Price Surges 5.8% Is the Rally Back?

The Boohoo share price is up 5.89% on the day and looks poised to make it three winning days in...
Read More
Shares
·May 25, 2022, 10:23 BST

Boohoo Share Price Forecast: The Contrarian Case for BOO

Fashion retailers in the FTSE 100 and FTSE 250 indices have been in a strong bearish trend as the companies...
Read More
Shares
·May 16, 2022, 15:31 BST

Boohoo Share Price Outlook Remains Grim on Broker Downgrade

The Boohoo share price is down 3.86% as of writing, as the UK online clothing retailer makes a shaky start...
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boohoo
Shares
·May 11, 2022, 09:06 BST

Boohoo Share Price is Extremely Cheap. Is it a Value Trap?

Clothing companies have performed poorly in London as they continue facing numerous demand and supply challenges. Boohoo share price is...
Read More
Shares
·May 04, 2022, 13:58 BST

What’s Next for Boohoo Share Price As FY2021 Profits Drop 28%?

UK clothing and online fashion retailer Boohoo saw a steep slump in the Boohoo share price after the company reported...
Read More
Shares
·Apr 28, 2022, 14:37 BST

Boohoo Share Price Outlook: Intraday Recovery Stalls Slide Below 76p

The Boohoo share price is trading higher on the day and looks set to prevent the third day of steep...
Read More
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