• Thursday, April 18, 2024

Business

Boohoo in fashion as retailer records growth

By: Eastern Eye Staff

ONLINE BRAND INVESTS IN DISTRIBUTION NETWORK TO INCREASE GLOBAL SALES BOOHOO confirmed its position as one of the few winners in Britain’s brutal retail market on Tuesday (12) as its online fashion and low prices attracted young customers at home, in Europe and the US. After years of mounting strain, Britain’s clothing sector has been upended in 2018 with traditional gi­ants such as Marks & Spencer and House of Fraser forced to shut stores as consumers shop online for cheaper goods. Several major names have gone out of business as retailers selling everything from clothes to electronics and discounted goods…

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