// Boohoo requests more than 30% discount from Turkish suppliers to match Pakistan prices
// It is understood that some suppliers risk having orders cancelled if they don’t comply with new pricing
Boohoo has asked for discounts of more than 30% on outstanding orders from Turkish suppliers as it looks to lower costs across its supply chain.
The group has written to some of its Turkey-based suppliers to revise some of the prices it had agreed with them after recent price benchmark changes achieved in Pakistan, Drapers reported.
It is understood that some suppliers were told their orders would be cancelled if they don’t comply with the new pricing, which are said to be more than 30% lower than the original prices agreed.
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It is also understood that most of the items involved are either in production or have been shipped.
Boohoo works with more than 250 suppliers in Turkey, according to the company’s factory list published at the start of 2022.
It follows the group’s 10% discount request earlier this month on outstanding orders from its suppliers.
Last week, Boohoo revealed it had plunged to a £90.7m pre-tax loss in its full-year results and sales dropped 11%, after shoppers pulled back on spending amid the ongoing cost-of-living crisis.
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