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Boohoo continuing to pay suppliers promptly

27 Apr '20
2 min read
Pic: Boohoo
Pic: Boohoo

Boohoo Group Plc, a UK-based online fashion retailer specialising in own brand clothing, is continuing to pay suppliers promptly with industry-leading payment terms. The e-commerce retailer has also set up an emergency fund to help suppliers through the current COVID-19 crisis, as it aims to further secure its relationships with suppliers for the long term.

In response to Fibre2Fashion's email to Boohoo asking how the company intends to support its suppliers during the unprecedented crisis, a Boohoo spokesperson said, " As a group, we are standing alongside our suppliers, continuing to pay them promptly with industry-leading payment terms for all of their orders. We have also set up an emergency fund to help suppliers through this difficult period. Since boohoo was founded, we have invested in our supplier relationships and by continuing to support them through these short-term challenges, we will further secure these relationships for the long-term."

Explaining about the company's main priority during the ongoing COVID-19 pandemic, the spokesperson said, "Our top priority remains the health and wellbeing of our colleagues, our customers, and the many suppliers who work alongside us from around the world. From the outset of the pandemic, we have been closely following the government initiatives that support businesses and the public. We have been following all guidance regarding self-isolation, social distancing and personal hygiene in order to keep everyone in our boohoo family safe and well.

"The vast majority of our office-based teams are now working remotely. Our fantastic warehouse teams have adapted to completely new ways of working to ensure that they abide by all the social distancing procedures that we have in place. We are in constant contact with them and are working day and night to ensure that everyone is following the new systems, has what they need and, most importantly, that our teams are happy and healthy. Their ongoing safety and wellbeing is our number one priority."

Fibre2Fashion News Desk (RKS)

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