Boohoo Group (BOO)

Sector:

Retailers

Index:

FTSE AIM 100

33.26p
   
  • Change Today:
      0.22p
  • 52 Week High: 41.94
  • 52 Week Low: 29.32
  • Currency: UK Pounds
  • Shares Issued: 1,268.68m
  • Volume: 1,953,743
  • Market Cap: £421.96m
  • RiskGrade: 206

Boohoo considering closure of controversial Leicester factory

By Michele Maatouk

Date: Tuesday 09 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Fast fashion retailer Boohoo is considering closing its controversial Thurmaston Lane factory in Leicester and relocating its operations.
The company confirmed to Drapers that it entered a consultation last month, with "less than 100" employees affected at what was dubbed a "model factory" when it first opened in January 2022.

A Boohoo Group spokesperson said: "We opened Thurmaston Lane in January 2022 to support the group in several ways, including manufacturing, printing and training. As in any retail business, the role of our sites continues to evolve over time and, following significant investments at our Sheffield distribution centre and the opening of a new distribution centre in the USA, we must now take steps to continue to ensure we are a more efficient, productive and strengthened business.

"All these factors have led us to make the difficult decision to consider relocating some of the operations at Thurmaston Lane and consider the closure of the site in due course. We are now in a period of consultation and are working closely with all affected colleagues to ensure they are fully supported during this process."

Boohoo said it plans to keep its quality assurance and ethical compliance staff full time and in another Leicester location.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Boohoo Group Market Data

Currency UK Pounds
Share Price 33.26p
Change Today 0.22p
% Change 0.67 %
52 Week High 41.94
52 Week Low 29.32
Volume 1,953,743
Shares Issued 1,268.68m
Market Cap £421.96m
RiskGrade 206

Boohoo Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
46.32% below the market average46.32% below the market average46.32% below the market average46.32% below the market average46.32% below the market average
17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average
Price Trend
42.28% below the market average42.28% below the market average42.28% below the market average42.28% below the market average42.28% below the market average
45% below the sector average45% below the sector average45% below the sector average45% below the sector average45% below the sector average
Income Not Available
Growth
84.29% below the market average84.29% below the market average84.29% below the market average84.29% below the market average84.29% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 5
Sell 5
Strong Sell 1
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Boohoo Group Dividends

No dividends found

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 226,845 @ 33.26p
16:35 1,789 @ 33.26p
16:35 1,790 @ 33.26p
16:35 1,508 @ 33.26p
16:35 1,950 @ 33.26p

Boohoo Group Key Personnel

CFO Stephen Morana
CEO John Lyttle

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