Could Boohoo shares be star buys of the summer?
The Boohoo (LSE:BOO) share price has been choppy over the past year. The fast fashion retailer has seen equally fast swings in sentiment from investors. The share price is down 16% over a one-year period, although up 4% over the past six months. Recent results  In the three months to the end of May, Boohoo saw a 32% increase in revenue when compared to the same period last year. This growth was driven by the UK and USA, with other markets showing a decrease. 5G is here  and shares of this sleeping giant could be a great way for you to potentially profit! According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air And if you click here well show you something that could be key to unlocking 5Gs full potential... It spent money on some big investments with an outlay of 143.5 million. This was mainly around new offices and distribution centres. Although this decreased the cash balance, Im not too concerned. Investing in infrastructure like this is a long-term benefit for the company, and for Boohoo shares in general. The other interesting element in its results was the report by Sir Brian Leveson on its supply chain initiative, Agenda for Change. This is specifically geared around the issues thrown up last year about low pay and unsafe working conditions in Leicester. It included some positive developments, but its too early to assess the results as this is a multi-year project. Yet its clear that Boohoo is using this as another way of gauging performance, aside from finances. Reasons to be positive  I think Boohoo shares could accelerate higher this summer and beyond as organic consumer demand rises. The easing of lockdown restrictions will likely see many looking to refresh their wardrobes as socialising and events become more frequent. The segment of the fashion industry that Boohoo operates in should allow it to capture this demand. After all, its mostly geared to a younger consumer whos keen to socialise. Further, the integration of brands such as Dorothy Perkins and Burton from the failed Arcadia empire is already helping revenue. Looking forward, Boohoo shares should benefit from this increased diversification. Caution with Boohoo shares  There are some risks that I see for Boohoo shares. The business has stated that its committed to changing and improving standards within the company and with suppliers. But this isnt something that can be fixed overnight. There could be more damaging practices that will come to light as the spotlight is shone on it. Ultimately, this could hamper the reputation of Boohoo and see a fall in the share price. Another risk is that Boohoo might actually lose out on some custom as customers decide to trade up to other brands. Over the past year, the amount saved by people in the UK has shot up. Now that people are feeling more confident about the state of the economy, it should encourage spending. Even for myself, my lack of purchases over the past year mean that now Im happier to buy something a little bit more expensive now. Overall, I do think the benefits outweigh the risks for Boohoo shares, and I think they will rise this summer and beyond. However, I dont see the firm as a star buy for my portfolio, and I think there are better opportunities elsewhere.