Boohoo has a consultation process underway with around a hundred staff members who work from its London offices. The business is working to both reduce costs and improve performance following a period of soft trading. Affected staff – in eCommerce, buying and design roles – are from its Burtons, Dorothy Perkins and Wallis businesses which will, it is understood, retain their own websites after the cut in staff numbers. Moving forward remaining employees fom the three brands will, alongside those working on Coast, Oasis, Karen Millen, and Wallis, come under the control of Debenhams.com management team.
With revenues having fallen to £882.4m for the half year to August 31st, this was 10 per cent down Y-O-Y, due to reduced demand Boohoo had also experienced higher freight and operations costs.
In common with many other online fashion retailers, the year ahead for Boohoo remains uncertain as inflation continues to dampen consumer demand.
The business commented: “Our people teams will be supporting those potentially affected.
“We are committed to our portfolio and believe that all of our brands have a significant role in the ongoing success of the group and are maximising their individual potential for growth.”
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