You are here: Home - Household Bills - News -

Boohoo plans to create 5,000 new jobs

Written by: Emma Lunn
The online fashion giant has announced a hiring spree, with plans to create 5,000 new roles as part of a £500m investment programme.

Boohoo says it plans to hire 5,000 staff over the next five years. The online brand plans to invest in warehouse space and IT, following the acquisition of brands including DebenhamsDorothy Perkins and Wallis earlier this year.

Boohoo revealed its latest plans in its ‘economic impact report’, and said the investments will help the company continue the ‘incredible growth’ it has experienced since launching 15 years ago, expanding from a single brand in 2006 to a group of 13 brands today.

The report said that Boohoo had a ‘growing global appeal’, with about 50% of its sales now coming from international markets such as the US and Australia. In order to meet this increased demand, Boohoo has set out its plans to secure additional warehouse space and invest in ‘smart IT solutions’ which will help its processes to become more efficient.

John Lyttle, Boohoo Group CEO, 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.

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

“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.”

The report also highlights the regional impacts of the group’s operations, with 94% of the jobs and economic benefit created by Boohoo Group taking place outside of London. Burnley is home to the group’s international distribution centre and Manchester is where the company’s head office is located.

The report also covers how Boohoo Group is working to ensure secure and stable employment for people. In the last financial year, the group moved more than 1,400 agency colleagues from its warehouse teams onto permanent Boohoo contracts.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week