Asktraders.com news and archive

What crisis? Boohoo is online fashion's real winner

Boohoo’s latest quarterly results show the company is bypassing the Covid-19 crisis and snapping up ailing retailers on the way. The online fashion giant’s purchase of Oasis and Warehouse e-commerce websites for just 5.3 million pounds is virtually unheard of. “What’s not to like?” says Nigel Frith, senior market analyst at AskTraders.com. “...

Business

Expansion and weak pound drive Primark's sales, says analyst

Increased retail space fuelled Primark’s growth last year as the company’s value fashion proposition resonates beyond the UK in markets including Europe and the U.S. The weak pound is proving a positive gain as two thirds of the revenue is generated outside of the UK. Steve Miley, Senior Market Analyst at AskTraders.com told FashionUnited: “...