Five things you may not know about the fashion firm

John J. Gibson

You might have bought some joggers from there, or seen your favourite Instagram star wearing one of their dresses, but how much do you really know about Boohoo?

The online fashion firm has been a real winner during lockdown, with a massive increase in its sales by 45% to £368m in the three months to the end of May.

But it’s been hit by claims that workers at a Leicester factory that supplies some of its clothes were paid just £3.50 an hour, while being offered no coronavirus protection.

Boohoo has said it’s launching an investigation, but experts say it could struggle to make a comeback after the controversy.

Here’s five things you may not know about the company.

1. The Manchester-based family behind it are billionaires

Boohoo was founded by entrepreneur Mahmud Kamani and designer Carol Kane.

The pair had worked together at Pinstripe Clothing, a company that was

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Boycott Boohoo, or Hunt for Bargains? What Will Consumers Do?

John J. Gibson

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LONDON — After a rough few weeks, Boohoo’s share price is bouncing back, but the question remains whether its young consumer base will keep buying from the brand, which has been dogged by allegations of poor labor practices and unfair pay at one of its supplier’s factories in Leicester, England.

It remains to be seen whether the scandal will bring forth any meaningful change, or encourage consumers to stop before they shop, and think about the clothing brand, or retailer’s, ethics. Or will the controversy just be forgotten in a few months’ time, with boohoo.com’s young clientele once again turning to the retailer for cheap alternatives to the trends they spot on social media?

Recent history has shown that shoppers have short memories, and often return to fast-fashion sites because they can’t resist the social media buzz — and a good

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Delivery giant to hire 10,500 amid UK online shopping surge

John J. Gibson

Delivery giant Hermes says it will create 10,500 jobs in the UK after seeing a surge in demand from people shopping from home during lockdown.

This will include 1,500 full-time roles across its delivery network and head office, and 9,000 freelance couriers.

Hermes also said it would not accept any money from the government’s job retention bonus scheme, designed to help struggling firms.

It comes as a raft of companies make job cuts due to the pandemic.

Hermes boss Martijn de Lange said: “The pandemic has expedited the already phenomenal growth of online shopping and we see no sign of this changing.

“As a result, it is important that we have the right infrastructure and people in place to support this. This is good news for the many people who have sadly had their income affected and we are pleased to be able to support the UK economy with so

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Fashion vs. the Economy: Retail Faces Double Dip

John J. Gibson

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The economic roller coaster isn’t over — and fashion can just hold on as tight as possible. 

As horrible as the first phase of the coronavirus crisis was, it was relatively straightforward (and straight down). Almost everybody was forced to shut down and go home, leading a projected contraction of more than 30 percent in second-quarter gross domestic product and an unemployment rate of more than 11 percent. 

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Even though the initial shock passed, that sinking feeling hasn’t gone away. No one knows what’s coming next. For retailers and brands, that means adjusting their business models and conserving cash, fingers-crossed they make it to the other side of the open-ended economic crisis. 

The coronavirus is the driving force behind the chaos, but it’s not the only variable. The reactions to the pandemic on the part of federal policy makers,

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Fashion Retailer To Close All Connecticut, U.S. Stores

John J. Gibson

ACROSS CONNECTICUT — Fashion and accessory retailer New York & Company announced Monday plans to eventually close all its locations, citing bankruptcy complications.

New York & Company has a presence mainly in shopping malls and fashion outlet centers. New York and Company’s Connecticut locations include:

  • Manchester

  • Milford

  • Trumbull

  • Waterbury

  • Danbury

  • Foxwoods casino

Its parent company, RTW Retailwinds, filed Chapter 11 bankruptcy protection Monday. RTW sent an ominious warning to investors about that possibility in June.

RTW announced that plans to continue reopening New York & Company stores “when and where” appropriate for clearance sales. For example, the store at the Shoppes and Buckland Hills mall in Manchester was advertising a 50 percent off sale for “everything.”

The bankruptcy process will include RTW evaluating any bids for both its brand and online business, according to the announcement. When it celebrated a century in business two years ago, RTW was boasting 385

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