Fashion rental marketplace HURR turns a profit for the first time
Founder Lauren Roberts said an 18-month overhaul of operations and strategy had changed the business’s financial trajectory.
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Founder Lauren Roberts said an 18-month overhaul of operations and strategy had changed the business’s financial trajectory.
The Hull-founded retailer is back 14 years after leaving the high street, now as a marketplace for other sellers that holds no stock of its own.
The National Business Crime Centre says gangs are selling stolen stock through platforms such as Vinted, eBay and Facebook Marketplace.
The Manchester-based group, formerly Boohoo, said its marketplace-led turnaround was continuing “at pace”, with GMV growth speeding up to 2.9% in the second quarter.
The Bradford online retailer says its third-party marketplace has grown 100% since its official launch and outpaced the wider market.