The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
MANCHESTER, United Kingdom — Boohoo Group said it was trading comfortably in line with market expectations after the online fashion retailer saw record Black Friday sales.
Boohoo's comments come as rival ASOS cut its annual sales growth and profit margin forecasts earlier on Monday, becoming the latest British retailer to highlight poor November trading.
Shares of Boohoo, which sells own-brand clothes, shoes, accessories and beauty products, fell as much as 20 percent after the trading update from ASOS. The stock recovered slightly after its own statement but was still down 10 percent at 08:23am.
By Arathy S Nair; editor: Saumyadeb Chakrabarty.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.