boohoo.com to buy Nasty Gal intellectual property, database for $20m
6th Feb 2017 07:58
(ShareCast News) - Online fashion retailer boohoo.com expects to buy the intellectual property assets and customer databases of US clothing retailer Nasty Gal for $20m, subject to approval by a US bankruptcy court. Approval by the US Bankruptcy Court is expected on or after 8 February, and if approv
Read moreInvestigation finds Boohoo, River Island, New Look workers paid £3.50 an hour
23rd Jan 2017 09:02
(ShareCast News) - Clothing companies AIM-listed Boohoo, New Look, Misguided and River Island have been accused of paying workers between £3 and £3.50 an hour, below the UK minimum wage. A reporter from Channel 4's Dispatches went undercover as a prospective employee at Fashion Square, which makes c
Read moreBoohoo.com lifts revenue guidance
10th Jan 2017 08:00
(ShareCast News) - Online fashion retailer Boohoo.com lifted its guidance for annual revenue growth following strong trading through Black Friday and into the Christmas season. The company, whose acquisition of PrettyLittleThing completed earlier this month, now expects between 43% and 45% revenue g
Read moreBoohoo.com to buy Nasty Gal assets
28th Dec 2016 07:30
(ShareCast News) - Online fashion retailer Boohoo.com has entered into an asset purchase agreement to buy certain intellectual property assets from retailer Nasty Gal Inc - which filed for Chapter 11 bankruptcy in the US in November - for $20m. Subject to US court approval, to be sought on 5 January
Read moreBoohoo upgrades guidance, buys majority stake in PrettyLittleThing
14th Dec 2016 07:41
(ShareCast News) - Online retailer Boohoo.com upgraded its guidance for full-year 2017 on the back of a strong trading performance, as it announced the acquisition of a majority stake in fashion brand PrettyLittleThing. The company said it has continued to perform well since the interim results at t
Read moreBroker tips: TUI, Aggreko, Boohoo
17th Nov 2016 15:13
(ShareCast News) - Morgan Stanley downgraded TUI to 'equalweight' as it expects the travel group's heavy investment programme will dilute cash flow and earnings per share. The rating on the Anglo-German tour operator was cut from a previous 'overweight' rating and its price target cut to 1,100p from
Read moreLiberum downgrades Boohoo on valuation but still bullish
17th Nov 2016 09:28
(ShareCast News) - Boohoo.com was weaker on Thursday after Liberum downgraded the stock to 'hold' from 'buy' on valuation grounds after the shares rose more than 216% year-to-date. In a note on clothing retailers, Liberum said it remains bullish on Boohoo's prospects, but on a price-to-earnings rati
Read moreBoohoo reports jump in first half profit and revenue
27th Sep 2016 09:54
(ShareCast News) - Boohoo, the UK based online retailer, has had a successful first half with its sales expanding more than expected. The group's revenue rose 40% to £127.3m, beating Shore Capital's forecast of 37.6%. Profit before tax rose 129% to £14.4m. Majority of the group's sales came from t
Read moreBoohoo surges as it lifts FY sales guidance
9th Aug 2016 11:15
(ShareCast News) - Shares in Boohoo.com surged on Tuesday as the online clothing retailer said results for the current year are likely to be ahead of expectations after a strong performance in the first five months of the year and an encouraging start to August. Boohoo said in a trading update that
Read moreBroker tips: UK retailers, Petrofac, Whitbread
5th Jul 2016 10:02
(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar i
Read moreLiberum downgrades Pets at Home, upgrades Supergroup post Brexit
5th Jul 2016 09:15
(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar
Read moreMPs call for 'internet levy' to level business rates field
14th Jun 2016 12:54
(ShareCast News) - A UK parliamentary committee has recommended a levy on internet-only retailers like Amazon and Asos in order to level the playing field against high street shops who have to pay business rates on their shops. The Commons local government committee published a report on Tuesday th
Read moreBoohoo.com raises full year sales forecast after solid first quarter
8th Jun 2016 11:15
(ShareCast News) - Boohoo.com, an online fashion retailer, raised its full year sales guidance on Wednesday after reporting a 41% year-on-year rise in first quarter revenue to £58.2m. In a trading update the British retailer said it now expects annual sales growth of between 25% and 30%, compared to
Read moreBoohoo's full-year profit and revenue rise
26th Apr 2016 09:02
(ShareCast News) - Boohoo.com reported a rise in full-year profit and revenue, boosted by an expanded product range. In the year ended 29 February, pre-tax profit at the online fashion retailer rose 42% to £15.7m on revenue of £195.4m, up 40% from 2015. Adjusted earnings before interest, taxes, dep
Read moreBoohoo expands Manchester HQ with £1.6m property acquisiton
15th Feb 2016 10:52
(ShareCast News) - Online clothing retailer Boohoo.com has agreed to acquire a property on China Lane in Manchester for £1.6m that will be used to extend the company's head office space. The property is being bought from Jogo Associated Limited Pension Scheme, of which joint chief executive officer
Read more