Debenhams and other Boohoo-owned brands saw mixed results in 2021-22 year

Debenhams and other Boohoo-owned brands saw mixed results in 2021-22 year



The business, which had previously been listed on the London Stock Exchange, was acquired by Boohoo in January 2021 after filing for administration.

The period covered by the accounts was clearly a tough one as its stores closed and it continued to battle the impact of Covid during lockdowns and in the post-pandemic environment.

Its sales were £56.2 million in the period globally, with the UK accounting for £52.4 million of that.

Its losses were attributed to the pandemic given the “unpredictability of customer demand, the rate of customer returns, the increase in shipping times and the cost of shipping both inbound and outbound products”.

But the group said that it remains “extremely confident in the company’s future growth prospects, and as short-term demand uncertainty and material cost headwinds as a result of the pandemic unwind, the company’s belief that it continues to be capable of executing its strategy aimed at leading the fashion e-commerce market remains unchanged”.

The accounts of a raft of the Boohoo-owned companies have also been analysed by Businesslive and they showed that a fall in sales outside the UK and US dented PrettyLittleThing

Meanwhile Nasty Gal

Karen Millen fared better as pre-tax profits jumped from £6.1 million to £12.1 million. UK sales rose from £27.7 million to £45.3 million and US sales from £2.4 million to £8.8 million. 

At Oasis

And in the 12 months, Warehouse

Leave a Reply

Your email address will not be published. Required fields are marked *