Motley fool2 Sep 2020 00:48
Edward Sheldon: Boohoo
My top British share for September is online fashion retailer Boohoo (LSE: BOO).
Boohoo’s share price has taken a hit recently on the back of reports about poor working conditions at clothing factories linked to the company. I expect the shares to recover, however.
Boohoo’s brands, which include Boohoo, PrettyLittleThing, and Nasty Gal, remain very popular with younger fashion-conscious shoppers. Meanwhile, demand for comfy clothing is soaring due to the work-from-home trend. So, I expect Boohoo’s sales to continue rising at a healthy rate.
All things considered, I see Boohoo shares as a ‘buy’ right now.