Up-to-date coverage of the latest events in UK retail.
Boohoo sales surge in ‘strong start to the year’
Online fashion retailer Boohoo has posted a jump in group sales as it continues to “disrupt and capture market share”.
Boohoo Group sales surged 39% to £254.3m during the three months ending May 31.
The fast fashion retailer posted strong revenue growth across all its geographies with the UK up 27% and its international markets up 56%.
Amazon beats Apple as its crowned most valuable brand
Amazon has beat the likes of Apple and Google as it was named the world’s most valuable brand.
The online giant’s brand value surged 52% over the last year to reach $315.5bn (£405.9bn) according to the latest figures from Kantar and WPP.
Tech rivals Apple ranked joint second with Google - both with a brand value of $309bn (£243bn).
It’s the first time in 12 years that neither Apple nor Google has held the number one position.