RE: BOOHOO16 Oct 2020 09:33
Boohoo reported that for the six months to August 31 sales increased 45% to £817m, while gross profits surged 47% to £449m.
The business has experienced a wave of negative publicity about working conditions at Boohoo’s Leicester suppliers. Experts were unsure how sales for the group might be impacted, as Gen Z have heightened awareness of the ethical and environmental practices of businesses they engage with.
Boohoo is now setting up its own factory in the UK to open next year. Additionally it is set to launch a textiles community trust to provide support and advice to garment workers in Leicester.