Coast news and archive

Same item, different prices: Boohoo faces retail discrepancies

Online retail giant Boohoo is plagued by price discrepancies across its brand portfolio, despite items being the same. Research by the BBC found same items of clothing sold for various prices across its fashion labels, including a puffer coat that was 34 pounds more expensive at Coast than at Dorothy Perkins. Both brands are owned by Boohoo, as...

BusinessFeatured

Boohoo publishes another quarter of strong results

Boohoo Group plc reported strong revenue growth of 44 percent across all key geographic regions to 473.7 million pounds (614.8 million dollars) for the four months ended 31 December 2019. The company said in a statement that gross margin for the four months was 53.5 percent, down 70 bps. Boohoo revenue of 232.6 million pounds (301.8 million...

Retail

Karen Millen and Coast close all stores

Karen Millen and Coast have reportedly closed all their stores and concessions after being bought by online fashion retailer Boohoo in August. Administrators from Deloitte confirmed to Drapers that a total of 32 Karen Millen and Coast stores in the UK shut on 29 September, while all their 117 UK concessions closed the following day. Last month,...

BusinessFeatured

Boohoo raises full year revenue forecast

Boohoo Group plc has announced that trading for the first half of its financial year has been ahead of expectations with strong revenue growth driving operating leverage across key brands. The company’s board now anticipates that results for the current financial year will be ahead of previous guidance, with group sales growth now expected to be...

Business|ANALYSIS Featured

Boohoo’s acquisition of Karen Miller and Coast might unleash more deals in the industry

New York –British online fashion retailer Boohoo plc. announced earlier this week it had made an offer to buy “the online business of renowned British brands Karen Millen and Coast, together with all associated intellectual property rights.” Boohoo has bought the online business and all associated intellectual property rights of both businesses,...