Fast Fashion Retailer Boohoo Is Demanding Supplier Discounts

This move comes as the British company, which owns brands such as Warehouse and Debenhams, faces weakening consumer demand amid the cost of living crisis in the UK.

One supplier described the decision as “major self-harm,” stating that Boohoo is “struggling to find suppliers and now they are screwing the ones they have.” Last year, Boohoo had already stirred controversy among its suppliers by extending its payment terms from 30 to 60 days.

In addition to seeking discounts from suppliers, Boohoo has implemented other cost-cutting measures. The company is currently consulting on more than 100 redundancies in its ecommerce, buying, and design unit operating out of Soho, London.

Furthermore, Boohoo is still working to overcome reports of poor working conditions among its suppliers that emerged in 2020, leading to a shake-up of the company’s supply chains and governance…