Warehouse news and archive

Same item, different prices: Boohoo faces retail discrepancies

Online retail giant Boohoo is plagued by price discrepancies across its brand portfolio, despite items being the same. Research by the BBC found same items of clothing sold for various prices across its fashion labels, including a puffer coat that was 34 pounds more expensive at Coast than at Dorothy Perkins. Both brands are owned by Boohoo, as...

Fashion Featured

Ex-Warehouse executives launch new sustainable brand Albaray

Three former Warehouse executives are launching a new sustainable womenswear brand from April, called Albaray. First revealed by John Lewis in February as one of its new 50 fashion and beauty brands, Albaray will launch with a selection of dresses, separates and loungewear. Albaray is a sustainable start-up founded by chief executive Paula...

BusinessFeatured

Plans to convert retail space into logistics centres struggle to take off

With hundreds of stores closing their doors to customers for good at a pace never seen before, the retail space available has reached uncharted levels. While this wave of retail stores closures started over a year ago, the unstoppable advance of coronavirus has proven the deadly kiss to commercial property worldwide. In the past few months,...

BusinessFeatured

E-commerce driven demand for warehouses cheers the real estate industry in the U.S.

New York – While commercial leases and shopping centre spaces are in low demand these days, the need for more, larger warehouses and logistics centres for distribution warehouses helped to bolster industrial real estate deals. Those totalled 11.1 billion dollars in the quarter that ended in June, recent analysis by Real Capital Analytics shows....

Business

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|ANALYSIS Featured

Boohoo pays 5.25 million pounds for Oasis and Warehouse online businesses

New York – British online fashion retailer Boohoo Plc. has announced it agreed to pay 5.25 million pounds to take over the online businesses of the Oasis and Warehouse chains. Boohoo said Oasis and Warehouse would be integrated into its online platform. The brands generated 47 million pounds in revenues in the year to the end of February. Both...

Business

Liquidators appointed to Irish arm of Oasis and Warehouse fashion group

The High Court in Ireland has confirmed that the Irish arm of fashion group Oasis and Warehouse will be liquidated. Mr Justice Michael Twomey confirmed the appointment of Ken Fennell and James Anderson of Deloitte Ireland as joint liquidators. The Irish arm of the company employed 248 people and operated 13 stores and 29 concessions. At the end...

BusinessFeatured

Oasis and Warehouse to cease trading, 1,803 jobs lost

The Oasis and Warehouse group has been acquired from administration by former HMV owner Hilco Capital, though the group’s stores are not part of the deal, meaning 1,803 jobs have been lost. The group’s owner, Icelandic lender Kaupthing, appointed administrators from Deloitte last month to hold talks with potential buyers. Hilco has now agreed to...

RetailFeatured

2,300 jobs at risk as Oasis and Warehouse prepare for administration

Women’s fashion retailers Oasis and Warehouse are expected to appoint administrators as the high street continues to struggle in the wake of the coronavirus crisis. 2,300 jobs could be at risk. Parent company Kaupthing, an Icelandic bank, had previously been in talks to sell the businesses but the current crisis has strained interest. As first...

Business

Oasis and Warehouse seek new buyer

Womenswear retailers Oasis and Warehouse are reportedly back up for sale. The chains' owner, Icelandic lender Kaupthing, has appointed administrators from Deloitte to hold talks with potential buyers in the last few days, Sky News reports. The news comes after the UK government ordered all ‘non-essential’ stores - including fashion stores - to...

Fashion

Warehouse to launch Shrimps collection

Shrimps founder and designer Hannah Weiland is set to launch her first high street collaboration with Warehouse with a summer collection inspired by the Italian Riviera. The 40-piece collection encompasses Shrimps’ signature whimsical design and includes a co-ord daisy-embroidered set featuring a puffed-sleeve blouse and shorts, a retro...

People

Oasis and Warehouse appoint Hash Ladha as its new CEO

Oasis and Warehouse Group have announced that Liz Evans, CEO will be leaving the Group after five years in the role. Current COO Hash Ladha, the company added, has been appointed CEO designate with immediate effect and will become CEO when Evans departs next year. Commenting on the development, Johann Petur Reyndal, board director said in a...