BlogBoohoo announces record revenue

Boohoo announces record revenue

Manchester-based fashion retailer Boohoo.com, who also has a site in Burnley, today announced record revenues across its brands.

The group, which includes the PrettyLittleThing and Nasty Gal brands, saw revenues in the final four months of 2017 increase to £228.2m. As a result, group revenue growth for this financial year is expected to be around 90%, an increase on previous guidance of around 80%.

Mahmud Kamani and Carol Kane, joint CEOs, commented: “We are delighted to report another set of strong financial and operational results, with record sales in the four months to December across all our brands. The Black Friday period was our most successful ever and we traded well throughout the period under review. Boohoo has continued to perform well, delivering strong revenue growth on increasingly challenging comparatives last year.

“PrettyLittleThing has continued to deliver exceptional results and Nasty Gal is making excellent progress in its first year. Our focus remains on the customer proposition: offering the best range of the latest fashion at affordable prices, coupled with great customer service.”

Latest

LockerQuest and Northern launch YEEP! parcel lockers across rail network

Passengers travelling on Northern services can now benefit from easy-to-use self-service parcel lockers following a new partnership between rail operator Northern and site commercialisation...

Teenager arrested after proactive drug dealing operation in Chorlton

A teenage boy was arrested by South Manchester police following a proactive plain clothes operation to combat drug dealing in the area. Officers headed to...

fulfilmentcrowd acquires Fulfilment.nl to accelerate European growth

fulfilmentcrowd, the tech-led logistics provider backed by private equity firm Palatine, has acquired Fulfilment.nl, a high-growth Dutch eCommerce logistics specialist, accelerating its expansion within...

UK Firms Urged to Address Communication Risks Linked to Fragmented Messaging Platforms

UK businesses are being encouraged to reassess their customer communication infrastructure following new findings that fragmented messaging systems are contributing to delivery failures, compliance...
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

How Local SEO Helps Businesses Thrive in the UK and Ireland

In today’s digital-first marketplace, the way customers find and interact with local businesses has changed dramatically. The days when a listing in the Yellow...

OrbicTrade Unveils AI-Powered Dashboard for Commodity Trading Front Offices

OrbicTrade has announced the launch of its next-generation AI-powered Trader Dashboard, a front-office platform purpose-built for commodity traders to streamline workflows, reduce administrative tasks...

I’m an eye surgeon – here are the reasons you shouldn’t delay an eye test

Brits are being urged not to neglect routine vision tests as a leading eye surgeon warns that many serious problems develop “silently”. Ms Masara Laginaf,...

High Earners in the UK Turn to Pensions to Offset Rising Tax Burdens

For many high-earning professionals and business owners, climbing income brackets can result in a heavier tax burden and reduced net earnings. Pension contributions remain...

More News

Limb Loss and Limb Difference Awareness Month Marks the Start of Two New Charity Partnerships for Mobility in Motion

During Limb Loss and Limb Difference Awareness Month, Mobility in Motion has announced that it has formed new partnerships with Steel Bones and Finding...

Surprising ways you might be putting your phone at risk

We use our smartphones for everything. Checking traffic, catching up with friends, browsing the sales… they’re our instant source of information. But these devices also provide...

5 Essential health and safety tips for UK workplaces

If you want to keep a UK workplace safe and legally compliant right now, you need to focus on five specific pillars which are...