Investment plan

Boohoo to create 5,000 jobs under £ 500million investment plan as retailer celebrates 15th anniversary

Boohoo has announced plans to create 5,000 jobs as part of a £ 500million UK investment plan to mark its 15th anniversary.

The Manchester-based online fashion retailer unveiled its 2021 Economic Impact Report on Thursday, which describes the company’s nearly £ 2 billion GVA in the UK economy since 2009.

Jobs will be created over the next five years, and Boohoo said the investment will help the company continue its “incredible growth.”

READ MORE: Amazon to open new delivery station in Rochdale creating 150 jobs

CEO John Lyttle said, “The growth this company has experienced over the past 15 years has been phenomenal. It has not been without challenges, but it is right to celebrate the important contributions the company makes to the cities and communities where we operate.

“The investments we have planned will help us continue to grow, increasing our customer base both at home and abroad, adding even more value in doing so.

Email newsletters

BusinessLive is your home for business news from the North West and you can stay in touch with all the latest news from Greater Manchester, the City of Liverpool area, Cheshire, Lancashire and Cumbria through our email alerts. -mail.

You can sign up to receive daily morning newsletters from every region we cover and weekly email newsletters covering key economic sectors from manufacturing to technology and business. And we’ll send out last minute alerts for any stories we think you can’t miss.

Visit our messaging preference center to sign up for all the latest BusinessLive news.


For all the latest stories, views, polls and more – and news as we go – follow our BusinessLive North West LinkedIn page here.

“This was all only possible because of the amazing people who make up our boohoo family. I am so proud of how they take on any challenge and look forward to growing together as we solidify our position as a leader in global fashion e-commerce.

The report also highlighted Boohoo’s “growing global appeal” – with around 50% of sales now coming from international markets such as the United States and Australia.

The company said that in order to meet this increased demand, it has outlined its plans to secure additional warehouse space and invest in “smart IT solutions” that will help its processes become more efficient.

The founders of Boohoo Mahmud Kamani and Carol Kane

The report adds thatIn fiscal year 2020/21, operations added £ 559.4 million from VAB in the UK, supporting around 8,050 full-time equivalent jobs. This digitwas equivalent to around 4.4% of the total UK retail clothing and footwear sector.

The report also highlighted the regional impacts of the group’s operations, with 94% of the jobs and economic benefits created by boohoo group outside London – at the group’s international distribution center in Burnley – and its head office in Manchester.

In the North West, the group has contributed £ 309million from VAB to the regional economy and, as of January 2021, employed 3,208 people in the region.

Leave a Reply

Your email address will not be published.