Among the pandemic-induced crisis, Boohoo group has some plans to create job opportunities for the people in the UK.
The British online fashion retailer has revealed its plans to create 5,000 new jobs in the UK by 2026.
Profit before tax at Boohoo group grew 35% to £125m in the year to 28 February 2021, while group revenues rocketed 41% to £1.7bn in the period.
As a result of this “organic growth”, the e-tail group said it now needs specialist employees in areas such as HR, accountancy, buying, design, and e-commerce, and it is actively seeking technology and digital specialists to support new innovations.
Also, it has set out plans to secure additional warehouse space and invest in ‘smart IT solutions, which will help its online and delivery processes to become more efficient, and in turn will create thousands of new roles.
Boohoo group CEO, John Lyttle, said, “The growth this business has experienced over the last 15 years has been phenomenal. It has not been without its challenges, but it is right to celebrate the significant contributions the company makes to the towns and communities where we operate.”
John Lyttle added, “All of this has only been possible because of the amazing people who form our boohoo family. I am so proud of the way they rise to every challenge and I look forward to growing together as we cement our position as leaders in global fashion e-commerce.”
On the other hand, the investments they have planned will help them continue to grow, increase their customer base at home and abroad, and add more value as they go.
The group added that worth £500 million investment program reflects the need to meet growing demand.
Despite being in the news for wrong reasons all through last year, it’s been a good 2021 for the retailer. It first bought Debenhams in January 2021 and then picked up some Arcadia brands in February, then its revenue increased 32 percent in a great first quarter.
At the same time, the latest investment in creating more jobs is another effort by the group to look to the future and become stronger.
Nowadays Boohoo group, which owns PrettyLittleThing and Nasty Gal, among others, generates revenue of US $ 856.9 million.