Boohoo’s business model is as cheeky as a bikini paired with chaps

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

Fast fashion in very large sizes is a recipe for success

co-founded Boohoo, an online fast-fashion firm, with Mahmud Kamani in 2006, “it was just me, Mahmud, a photographer and the model was Umar’s girlfriend at the time,” she says. Umar is a son of Mahmud, who later co-founded another successful web-based label, PrettyLittleThing, and sold most of it to Boohoo. The Manchester-based group has come a long way fast., the London Stock Exchange’s junior bourse. It has yet to achieve the scale of a Primark or, but it is becoming hard to ignore.

In addition to speed, two further ideas are helping Boohoo disrupt fast fashion. It was the first to use social-media influencers on an industrial scale—it has a network in the tens of thousands. Keeping up with all the new ones can be hard, says Ms Kane. “Love Island”, a reality-show featuring dozens of comely people locked in a villa and encouraged to couple up, is a reliable source. Not that celebrity looks are required to wear clothes from Boohoo or Nasty Gal, another of its brands.

The firm is paying only so much attention to how big companies are meant to behave. Mr Kamani, who with Ms Kane is its entrepreneurial force , is still in charge. As part of the shuffle he was made executive chairman, prompting Boohoo’s non-executive chairman, a retail veteran, to leave. “It is not conventional corporate governance,” says Richard Watts at Merian Global Investors, which owns 14.8% of Boohoo and which backed the change. “But Mr Kamani has been critical to the success of the firm.

Boohoo’s feistiness suits its customers . The tagline to a selection of Boohoo clothes picked out by Zendaya, an American actress, on the wall in Manchester sums it up: “When you’re being yelled at and you’re waiting for them to finish so you can hit them with facts.” Boohoo’s facts are millions of young customers and runaway growth, a combo that seldom goes out of style."Owning it"

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yeah. I bought a coat from boohooUSA and the zipper was broken within a week. I’d rather wait for quality.

Throwaway culture of clothing is just madness. Buy quality & make it last.

This is not good news. This is the shameless promotion of fast fashion.

Experience matters!

How quickly does it then get thrown away?

Paid article?

Universal Credit has made children economically viable in UK manufacturing once more

Yes. You can tell.

Fashion ... for people with no style? Trends ... for people with no imagination? Labels ... for people who like boxes? Brands ... for people who don't have their own identity? Money ... for people who don't know what's worth valuing?

'The Economist and their fashion tips are the best that ever happened to the upper class since 1843.' Prince Humptydump

Boohoo can design, manufacture and dispatch a new item in two weeks. It takes Zara three times as long But are they FairTrade fashion. Or offshore sweatshop operators in deathtrap factories?

Such cheesy Double Entendre headline. Trying to broaden your reader base ( pun unintended)?

okay

Keep Your Teeth White/Go For A Voluminous Hair Style/ Take Care Of Your Skin/Accentuate Your Symmetry/Be Confident. Those who maintain Hips to keep narrow to Thighs can be successful beauty look Men/Women in World. Stomach to Thighs should be slim with strong muscles 4 beauty

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Problem With The Ethanol IndustryThe U.S. ethanol industry has never been consistently profitable. The reason is the very nature of the industry's business model. 'Refiners object to the entire concept of being forced to blend ethanol and for being penalized if they don’t. Refiners have spent billions of dollars complying with the ethanol mandates. That cost to the refiners is essentially a transfer of wealth to the ethanol industry.' RFS Really concerned about billionaire's feeling screwed over. Weepy, even.
Source: Forbes - 🏆 394. / 53 Read more »