Up-to-date coverage of the latest events in UK retail.

Boohoo raises full-year guidance after ‘strong revenue growth’

Boohoo has raised its full-year guidance and now expects sales to grow between 33% and 38%, compared to previous guidance of 25% to 30%.

The online fashion group said: “Performance has been ahead of expectations with strong revenue growth driving operating leverage across key brands.”

The fashion retailer’s EBITDA margins for the financial year remain unchanged at around 10%, in line with previous guidance.

Boohoo said this reflected investments it has made throughout the year “including the three brands it acquired in the first half”, which included struggling fashion brand Karen Millen

Dixons Carphone sales rise despite struggling mobile division

Dixons Carphone has posted increased like for likes during its first quarter as chief executive Alex Baldock said the retailer was “on track with trading this year”.

The electricals retailer’s UK and Ireland like-for-like sales increased 2%, which Dixons Carphone attributed to a “strong performance in white goods”.

The international arm of the business registered a 4% uplift in like-for-like sales bolstered by a 4% rise in the Nordics and 7% rise in Greece.

Hilco Capital mulls Links of London deal

Homebase owner Hilco has its sights set on struggling jewellery retailer Links of London. The vulture fund is among several parties trying to secure a deal, Sky News reports.

Links of London is said to be the latest retailer considering a CVA and has already closed 15 stores in the US to avoid insolvency.

However, sources said a transaction involving Links of London was likely to be implemented through an insolvency process.