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INSANE: 4 | Vintage Vibes

Boohoo backtracks on plan to pay bosses £1m bonuses

Shareholders complained about payouts amid missed bonus targets on sales, profits and IT aims

The Guardian - UK

Loss-making U.K. retailer Boohoo wants to reward its top team with millions in bonuses—and its shareholders aren't happy

“The market is unimpressed with paying executives £1 million packages when the performance of the company has been woeful,” one expert said.

Fortune

Boohoo recovery plan doubts grow as losses hit £160m

Shares fell by as much as 6.3% as the business reporting declining revenue

Evening Standard

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Boohoo dives into debt as losses soar to £160m and sales slump

Online fashion retailer cut over 1,000 jobs in year to February amid competition from rival Shein and resurgent high street

The Guardian - UK

FTSE 100 Live 08 May: Shares rise again to another record, Boohoo losses grow, Wetherspoons sales up

A fresh record for the FTSE 100 index and trading updates by JD Wetherspoon and Informa today provided more cheer for investors.

Evening Standard

Asda, Asos and Boohoo must avoid ‘greenwashing’ after crackdown

Retailers will have to file regular reports to UK regulator after concerns over environmental claims

The Guardian - UK

UK Libor trader Tom Hayes loses appeal against rate-rigging conviction – as it happened

The former star UBS and Citigroup trader was convicted of conspiracy to defraud by manipulating financial benchmark and served 5 1/2 years in prison

The Guardian - UK

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Zara owner Inditex's profits soar as it fends off Shein challenge

The surge in profits comes in contrast to struggling rivals including the UK’s Boohoo and ASOS

Evening Standard

Teenage darts sensation Luke Littler wins BoohooMAN modelling contract

Seventeen-year-old player could become millionaire

Evening Standard

Primark holds prices steady after Rita Ora helps lift sales

Cut-price fashion chain toasts festive sales rise as online rival Boohoo reports decline

The Guardian - UK

‘She agreed to work for £5 an hour’: the desperate plight of many Leicester garment workers

After Covid shone a spotlight on life in the city’s clothing industry, activists and unions gained access to factories. But abuses are still rife

The Guardian - UK

Boohoo considers closing UK factory it set up to improve workers’ treatment

Online fashion retailer wants to ensure efficiency at sites including Leicester as its sales fall

The Guardian - UK

‘Remarksable’: M&S set to be bright spark of festive retail season amid discount war

JD is licking its wounds as Asos, Boohoo and others take the axe to prices, but Sainsbury’s and Tesco may buck the trend

The Guardian - UK

This week’s best deals on Christmas party essentials

Save up to 30 per cent this Christmas with discount codes from boohoo, Paul Smith, ASOS, M&S and more

The Independent UK

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The Guardian - UK

Preaching sustainability while hawking fast fashion – meet the greenwashing influencers

For all their talk of capsule wardrobes, their business model relies on big brands and rapid trend cycles, says writer Sarah Manavis

The Guardian - UK

Asos has gone from being an iconic comfort brand to a fast-fashion also-ran. What happened?

Asos has an identity crisis – and, with post-pandemic inflation, its product and business model have become unsustainable, says freelance writer Sophie Benson

The Guardian - UK

Boohoo fails to lure shoppers with discounts as rival Shein takes a bite

Fast fashion retailer expects annual sales to fall by between 12% and 17% as buyers return to high street

Evening Standard

FTSE 100 Live: London rally fades as 30-year gilt yields hit mini-Budget levels, Boohoo profit warning

Choppy stock market conditions are continuing after a spike in bond yields caused by higher-for-longer interest rate expectations.

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Evening Standard

Fast fashion crunch deepens as Boohoo warns of sales plunge in sign higher-margin strategy is falling flat

The sector’s plans to boost profitability appear to be causing sales to tumble

The Guardian - UK

Pakistan welcomes fast-fashion brand Boohoo despite poor staff safety claims

Call to set up role comes as report alleges retailer uses factories that violate minimum-wage requirements and workers’ rights

Evening Standard

Halloween 2023: Popular costume predictions, from Barbie to The Little Mermaid

What will you be dressing up as as spooky season fast approaches?

The Independent UK

H&M starts charging shoppers £1.99 for online returns

The retail giant joins Zara, Next and Uniqlo in deducting a fee from a customer’s refund when they return an item

The Guardian - UK

Was Naomi Campbell’s PrettyLittleThing line a fast fashion faux pas?

In this week’s newsletter: The supermodel launched a collection with the fast fashion giants this week, which some say puts money above sustainability and the environment

Evening Standard

Best plus size Halloween costumes for women to buy online with UK delivery

Because you deserve better than an old bed sheet with cut-out eyes

Evening Standard

Best plus size bodysuits for form-fitting style and comfort

Say buh-bye to annoying rolling and bunching

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