Online Retailer Stands Up to Allegations

  • Boohoo denies allegations of putting workers at risk during COVID-19
  • Labour Behind the Label made accusations against Boohoo’s business practices
  • Online retailer says it has terminated relationships with non-compliant suppliers
  • Boohoo acquired Oasis and Warehouse online businesses recently
  • Fashion group also purchased remaining interest in prettylittlething.com

Online clothing retailer Boohoo has refuted claims made by worker’s rights group Labour Behind the Label, which accused the company of putting factory workers in Leicester at risk of contracting COVID-19. The group alleged that workers were forced to work while sick and some employees were denied pay when isolating. However, Boohoo stated it does not tolerate non-compliance within its supply chain and has terminated relationships with suppliers found to be in violation of its code of conduct. The company also revealed it has adapted its operations during the pandemic to follow government guidance on social distancing and hygiene measures. In addition, Boohoo recently acquired Oasis and Warehouse online businesses and purchased the remaining interest in prettylittlething.com.

Factuality Level: 7
Factuality Justification: The article provides accurate and objective information about Boohoo’s response to accusations made by Labour Behind the Label. It also includes relevant details about the company’s recent acquisitions and trading performance.
Noise Level: 3
Noise Justification: The article provides a balanced view of the situation by presenting both the allegations made against Boohoo and the company’s response to those allegations. It also includes relevant information about the company’s recent acquisitions and trading performance.
Financial Relevance: Yes
Financial Markets Impacted: Boohoo’s stock price and the online clothing retail industry
Financial Rating Justification: The article discusses Boohoo’s business practices and its recent acquisitions, which can impact financial markets and companies in the online clothing retail sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article. The article discusses accusations against Boohoo’s business practices regarding worker safety during the pandemic, but it does not describe an extreme event that happened in the last 48 hours.

Reported publicly: www.retailsector.co.uk