Barely a week goes by without news of another retailer culling stores, cutting jobs or demanding that landlords renegotiate rents. Arcadia, Debenhams, Marks & Spencer, Monsoon, Boots, Mothercare – the list goes on.
Footfall in May suffered its biggest collapse in six years as shoppers abandoned high streets, shopping centres and retail parks. But as the high street faces a perfect storm of Brexit uncertainty, sterling weakness and an online revolution, the likes of JD Sports and Boohoo have become poster children for a new era of retail.
Boohoo Group PLC (LON:BOO) operates as an online fashion retailer in the United Kingdom, rest of Europe, the United States, and internationally. The company also provides its products under the boohoo, boohooMAN, PrettyLittleThing, and Nasty Gal brand names.