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 mislabelled garments as Made in UK - BBC

By Abigail Townsend

Date: Thursday 11 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Fast fashion retailer Boohoo has been accused of claiming clothes were made in the UK when they were actually made overseas, it was reported on Thursday.
According to an investigation by the BBC's Panorama programme, T-shirts and hoodies that were made in South Asia had their original labels removed at the retailer's Thurmaston Lane factory in Leicester.

They were then replaced with labels stating "Made in the UK".

The BBC said that the incorrect labelling affected up to one in 250 of Boohoo's supply of garments between January and October last year.

Manchester-based Boohoo told the BBC that it was an isolated incident that occurred because of human error.

"We have taken steps to ensure this does not happen again," the spokesperson added.

Earlier this week it was reported that Boohoo was considering closing the factory, which it opened in 2022.

It is not thought to be related to the BBC's investigation, however, with a spokesperson noting at the time: "As in any retail business, the role of our sites continues to evolve over time.

"Following significant investments at our Sheffield distribution centre and the opening of a new distribution centre in the US, we must now take steps to ensure we are a more efficient, productive and strengthened business."

As at 1040 GMT, shares in Boohoo were down 1% at 34.6p.

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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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