Online Fashion Retailer BHS.com Closes Shop
- BHS.com to shut down just two years after relaunch
- Qatari owners Al Mana review the site
- 23% increase in sales and 69% rise in gross profit reported
- Focus shifting towards store-based business
Online fashion retailer BHS.com is set to shut down its operations just two years after its relaunch by Qatari owners Al Mana, who purchased the brand and worldwide IP in 2016. Despite reporting a 23% increase in sales and a 69% rise in gross profit, driven by strong womenswear performance, the company is now shifting focus towards a more store-based business model. The BHS.com team and suppliers will be treated fairly during the closure process, with a spokesperson expressing gratitude for their support over the past 20 months.
Factuality Level: 10
Factuality Justification: The article provides accurate information about BHS.com shutting down its site, the reasons behind it, and the company’s performance. It also includes a statement from a spokesperson for BHS.com.
Noise Level: 3
Noise Justification: The article provides relevant information about BHS.com shutting down its site after a review by its owners Al Mana, who will now focus on store-based business. It also mentions the recent increase in sales and gross profit. The news is not exaggerated or repetitive, and stays on topic without diving into unrelated territories.
Financial Relevance: Yes
Financial Markets Impacted: BHS.com and its parent company Al Mana
Financial Rating Justification: The article discusses the closure of BHS.com, an online fashion retailer, which has financial implications for both the company and its parent company Al Mana. It also mentions a 23% increase in sales and a 69% rise in gross profit, indicating financial performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
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