The U.K.’s Competition and Markets Authority (CMA) is launching an investigation into three fashion retailers for making misleading claims about their sustainability practices, according to a Friday (July 29) press release. Fashion retailers ASOS, Boohoo and George at Asda have come under scrutiny as part...
In today’s top stories from Europe, the Middle East and Africa (EMEA), the Bank of Ghana has introduced a brand new mobile wallet, GhanaPay. Plus, United Kingdom clothing brand Boohoo looks into charging fees for online returns, Qualcomm wins its appeal of a recent $1...
As returns eat into more of its profits, U.K. retailer Boohoo is weighing charging customers a fee when they send back unwanted merchandise, Bloomberg reported on Thursday (June 16). While the company charges for international returns, it’s now considering charging for returns across all markets,...
U.K. fashion retailer Boohoo on Thursday (Dec. 16) downgraded its profit and sales growth projections for the second time in 2021, saying that supply chain snafus, inflation and higher-than-expected return rates are to blame for the drop, according to a Financial Times report. Early in...
November 29, 2022
U.K. fashion retailer Boohoo has doubled its stake in cosmetics brand Revolution Beauty. Boohoo announced the move in a Monday (Nov. 28) news release, saying it had increased its stake in Revolution from 12.8% to 26.4% due to its “belief in its growth potential.” The two British companies had an existing relationship, with Revolution selling […]
July 29, 2022
The U.K.’s Competition and Markets Authority (CMA) is launching an investigation into three fashion retailers for making misleading claims about their sustainability practices, according to a Friday (July 29) press...
June 16, 2022
As returns eat into more of its profits, U.K. retailer Boohoo is weighing charging customers a fee when they send back unwanted merchandise, Bloomberg reported on Thursday (June 16). While...
December 16, 2021
U.K. fashion retailer Boohoo on Thursday (Dec. 16) downgraded its profit and sales growth projections for the second time in 2021, saying that supply chain snafus, inflation and higher-than-expected return...
