Boden, the British clothing retailer, has announced plans to close up to a quarter of its stores as part of a Company Voluntary Arrangement (CVA). The move will see the company shut 27 stores and result in the loss of around 360 jobs. Boden joins a number of other retailers who have undertaken CVAs in order to reduce their costs and restructure their businesses. Click here for more Details: Boden News
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In the 1800s, a new kind of business emerged. The department store was born, and shopping became a social activity. Women would go to shop for fabrics, clothes, and home goods, enjoying the experience of browsing through rows and rows of merchandise.
Boden is bringing back the department store—but with a twist. Our modern take on the department store emphasizes quality over quantity, offering our customers an intimate shopping experience coupled with top-notch customer service. You can find everything from stylish women
Boden, the British fashion retailer, is to close its stores in Russia amid reports of a financial crisis and plummeting sales. The company said on Thursday that it would close its 10 Russian stores “due to the current macro-economic conditions” in the country. It is understood that falling oil prices and Western sanctions over the Ukraine crisis have contributed to Russia’s economic problems.
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Boden, a UK-based retailer, has announced it will be ending its clothing and home sales to US customers. The company, which originally launched in 1991 as a catalogue-only business, says the decision was made to focus on its more successful European markets. The move affects around 150 jobs in the US. While Boden’s American website will remain operational for the time being, all orders placed from within the US will be cancelled and refunded.
Boden, the British online fashion retailer, just announced that it will be expanding its U.S. presence with a new fulfillment center in Pennsylvania. This new center is expected to create up to 1,000 jobs in the region. In addition to this news, Boden also announced that it will be debuting a new U.S. website in time for the holiday season this year. This expansion is part of Boden’s global growth strategy, which includes plans to open additional centers in Germany and France.
Boden | Clothing Retailer
Boden, a British clothing retailer, is going into administration. This means the company is moving into a legal process where it will appoint an administrator to oversee the company. The administrator’s job is to try and find a buyer for the business or, if that’s not possible, to sell off its assets and pay its creditors. Read more
This isn’t the first time Boden has faced difficulties. The company has been loss-making since 2016 and it has been slashing prices in order to try and stay afloat.
Conclusion
Boden, the online clothing and accessories retailer, is to close its High Street stores after 18 years in business. The company, which trades from www.boden.co.uk, will focus on its outlet sites and its own distribution center, saying that the current economic conditions present “too many challenges” for the High Street arm of the business.
