Boohoo sales rocket over Christmas
Online fashion specialist Boohoo has posted a strong Christmas sales performance.
Boohoo’s revenues surged 44% to £473.7m in the four months to December 31 and rose by the same amount to £1.04bn over the 10 months to the same date.
The USA and Europe led the way with a 57% advance in each market. Sales in the UK – Boohoo’s biggest market – rose 42% and in the rest of the world they were 13% ahead.
Gross margin fell 53.5% over the four-month period and Boohoo reported that it had successfully integrated and relaunched acquisitions MissPap, Karen Millen and Coast.
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