Boohoo’s trading update on Tuesday showed that the pureplay e-tailer continued to prosper in Q1, even after UK physical stores reopened in April, although there were challenges in some markets and margins were squeezed.
Debenhams may have closed all of its stores, but a new one could open under the Debenhams name. Now owned by Boohoo, the Debenhams brand is the subject of talks regarding the opening of one small shop outside of London.
Despite their various commitments and promises to making fashion a more circular and responsible industry, some fast fashion giants still make a majority of their clothes with environmentally harmful plastics.
The UK fashion industry is on notice. The government is launching a major initiative to crack down on workplace abuse, with particular attention to garment production, in a bid to improve and protect workers’ rights.
While the big news around the Arcadia sell-off was all about the sale of its star brands, a number of assets remain and those interested in buying the final intellectual property assets don’t have long to make an offer.
Boohoo is continuing its self-cleansing process. The online fast fashion retailer has launched a new clothing range made from recycled plastic and published its ‘Ready For The Future’ commitment to sustainability.