boohoo reveals plans to create 5,000 jobs with £500m investment programme

An online fashion retailer has announced that it is aiming to create 5,000 new jobs across the UK as it invests more than £500m in the UK.

boohoo group, which owns a portfolio of 13 fashion retail brands, has revealed plans to create 5,000 new jobs as a result of an investment programme worth over £500m.

The jobs will be created over the next five years, and follow a year in which the group added £559.4m in gross added value to the UK, equating to around 4.4 per cent of the country’s clothing and footwear retail sector.

The group estimates that around 50 per cent of its sales are now coming from international markets such as the USA and Australia, with the investment plan setting out goals to secure additional warehouse space to meet the increase in demand.

John Lyttle, CEO of boohoo group, commented: “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.”