218
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
Published
Sep 26, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

Boohoo delays and cancels orders - report

Published
Sep 26, 2022

Boohoo has reportedly cancelled and postponed orders that were due from a number of suppliers as sales continue to be affected by consumer caution and rising prices due to soaring supply chain costs. 


Reuters



The Sunday Times reported that clothing suppliers in Leicester are feeling the biggest impact from the cancellations.

A Boohoo spokesman told the newspaper: “As is the case across a retail sector currently navigating uncertain demand, we are constantly reviewing our requirements.”

Boohoo is unlikely to be the only fashion firm doing this. A similar thing happened across the sector in 2020 as lockdowns due to the Covid crisis meant that normal fashion shopping patterns were severely disrupted.

While online specialists benefited to a certain extent as physical stores were closed, shopping tastes changed. Dresses and more formal clothing — for instance — were abandoned in favour of categories like loungewear. It all meant that seasonal buying plans for SS20 were turned on their head.

As for today, one supplier also told the newspaper that “Boohoo has cancelled a load of orders. We are just here to do the fast stuff and when they don’t need it, they just stop it in its tracks”.

While at the current circumstances might not be quite as extreme as during lockdowns, the company is having to deal with some exceptional issues with the hangover from the pandemic and the Russia-Ukraine war severely affecting supply chains and pushing up costs fast. As well as this, it's also having to deal with intense competition from major rival Shein.

This has led to an 85% drop in the company’s share price over the past year. It means the multibrand business currently has a value of 'only' just over half a billion pounds, well below the billions it was worth 12 months ago.

The company will be reporting its interim results on Wednesday.

Copyright © 2024 FashionNetwork.com All rights reserved.