ONLINE retailer Nasty Gal's advert featuring a skinny model led to criticism online and a ban. Here's what you need to now about the advert and why it was pulled by the Advertising Standards Authority. What is the banned Nasty Gal advert? Three TV ads for the online retailer appeared in June this year 2018 Two other versions of it also appeared with additions showing on-screen text regarding next day delivery. Who is the model in it? The first ad featured a model posing in various outfits including swimwear, a dress and a tank top with a skirt and she was also shown playing tennis and golf. But her scenes in which her ribcage are visible lead to complaints being made to the Advertising Standards Authority. The Manchester-based online fashion retailer said the model was a UK size 8, with a Body Mass Index (BMI) of 18.8, within the healthy weight range. Why has it been it banned? In its ruling, the ASA said that in its view “there were specific scenes, which because of her … [Read more...] about What is the banned Nasty Gal advert, who is the model in it and why has it been it banned?
LONDON (Reuters) - Boohoo <BOOH.L>, the fast-growing British online fashion retailer, reported a 22 percent increase in first-half profit and raised sales guidance for the full year, underlining its position as one of the winners in a brutal clothing market. Founded in Manchester, northern England, in 2006, Boohoo has expanded rapidly, purchasing the PrettyLittleThing and Nasty Gal brands at the beginning of last year. Boohoo and fellow pure internet players, like ASOS <ASOS.L>, are bucking a challenging backdrop for UK retailers, outflanking and taking market share from traditional rivals burdened with big store estates. Boohoo, which sells own-brand clothing, shoes, accessories and beauty products online to a core market of 16 to 30-year-olds, made a pretax profit of 24.7 million pounds in the six months to August 31, up from 20.3 million pounds in the same period last year, on revenue up 50 percent to 395.3 million pounds. For the full-year to Feb. 28 2019 Boohoo … [Read more...] about Boohoo raises sales guidance after first-half profit jumps 22 percent
News / UK and world by Press Association September 26, 2018, 7:31 am FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Boohoo has posted booming interim sales and profit as the online fashion retailer raised its full-year guidance. The company booked a 50% rise in sales to £395.3 million in the six months to August 31, while pre-tax profit rocketed 22% to £24.7 million. Boohoo said group revenue growth for the year to February 2019 is now expected to be between 38% and 43%, up from its previous guidance of 35% to 40%. Boohoo saw strong revenue growth across all geographies in the period, with the UK seeing a 43% rise in sales to £234 million and international a 62% hike. The retailer’s international arm now accounts for 41% of group revenue. Both of the firm’s sub-brands, PrettyLittleThing and Nasty Gal, saw revenue growth of more than 100%. Joint chief executives Mahmud Kamani and Carol Kane said: “Our … [Read more...] about Boohoo profits rocket as retailer lifts revenue forecast
LONDON (Reuters) - Boohoo <BOOH.L>, the fast-growing British online fashion retailer, has poached an executive of Primark to be its new chief executive, with a remuneration package that could pay him almost 58 million pounds in five years. The company said John Lyttle, currently the chief operating officer of Primark, a division of Associated British Foods <ABF.L>, will start his new role on March 15 next year. Lyttle will receive an annual salary of 615,000 pounds ($804,604) and an annual bonus of up to 150 percent of his salary. He will also participate in a share plan related to the growth in Boohoo's market capitalisation over five years that is capped at 50 million pounds. Lyttle's appointment means Boohoo's co-founders and joint chief executives - Mahmud Kamani and Carol Kane - will see their roles change. Kamani will become group executive chairman of the company from March 15 next year and Kane will remain on the main board in an executive role and will assume the … [Read more...] about Boohoo names Primark’s John Lyttle as new CEO
News / UK and world by Press Association September 17, 2018, 7:50 am FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Online fashion retailer Boohoo has poached a top boss from Primark to take over as its new chief executive as part of a management shake-up. The company – which accounts for brands including Boohoo, Pretty Little Thing, and Nasty Gal – said John Lyttle would be instated as chief executive from March 15 2019. He will join from Primark where he currently serves as its chief operating officer, having previously held senior roles at Matalan and the Arcadia Group. The incoming boss will replace current joint chief executives Mahmud Kamani and Carol Kane. Mr Kamani will become executive chairman, moving him away from the day-to-day running of the business, while Ms Kane stays on as group co-founder and executive director. Current non-executive chairman Peter Williams will be stepping down as a result in … [Read more...] about Boohoo poaches top Primark boss as new chief executive