Shareholders in Boohoo are seeking answers from the company over conditions for workers supplying its garments after the online fashion specialist’s shares plunged more than £1.5bn in two days. The company has lost nearly a third of its value since Friday afternoon after Boohoo said on Monday it was investigating claims that staff at one
Poor sales of toys and video games dented Argos’s performance over Christmas as the chain’s owner, Sainsbury’s, said nervous shoppers were holding on to their cash. Sales of general merchandise at the group slid nearly 4% in the 15 weeks to 4 January. Argos also lost market share in toys as it ditched its traditional
Halfway down an expensive shopping street in Covent Garden, a few weeks before Christmas, two women stand outside a large glassy facade, wielding clipboards with intent. Their presence suggests the opening of an exclusive club, perhaps, or the private view for a buzzy new art exhibition. There is a small, discreet “Glossier” on each door.
Consumer experts have told those lucky enough to have received a gift card at Christmas to make sure they spend it while the retailer is still in a position to honour it. Stores pocket about £360m each year from cards that get lost down the backs of sofas or otherwise expire before being used. The