boohoo Group has outlined plans to create 5,000 new jobs off the back of an investment programme worth over £500 million across the UK over the next five years. The investments will help the online retailer continue its growth. boohoo has set out plans to secure additional warehouse space and invest in smart IT solutions, which will help its processes to becomes more efficient. 

The announcement on jobs and investment is set out in boohoo’s Economic Impact Report, which details the current and historic gross value added (“GVA”) that boohoo contributes and has contributed to the UK’s economy.

Speaking about the report, boohoo group CEO John Lyttle said: “The growth this business has experienced over the last 15 years has been phenomenal. It has not been without its challenges, but it is right to celebrate the significant contributions the company makes to the towns and communities where we operate. The investments we have planned will help us to continue our growth, increasing our customer base both at home and abroad, adding even more value as we do so."