Wednesday, June 17, 2020

Boohoo sales surge as it pays £5.25m for Oasis and Warehouse brands

Consumers turn to online retailer’s loungewear and athleisure during lockdown

Boohoo’s sales surged by 45% in the quarter to the end of May as consumers turned to online shopping during the coronavirus lockdown.

The online fashion retailer, which owns brands including Nasty Gal, Pretty Little Thing, Coast and Karen Millen, said customers were opting for loungewear and athleisure as a result of the shift to a more home-centred lifestyle.

Related: High street splurge unlikely anytime soon despite £60bn unspent

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from Mergers and acquisitions | The Guardian https://ift.tt/3hAjk3M

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