Home / Knowledge / News / Apparel/Garments / Boohoo's revenue up 40% in quarter ended Feb 29
Boohoo's revenue up 40% in quarter ended Feb 29
11
May '16
Courtesy: Boohoo.com
Courtesy: Boohoo.com
UK's reputed online fashion retailer, Boohoo.com reported a rise of 40 per cent in revenue in the quarter ended February 29, 2016 to £195.4 million as compared to £139.8 million in the corresponding quarter last fiscal because of strong revenues generated across all operating geographical regions.

The company saw a rise of 38 per cent in revenue generated from the UK region (its largest selling region) to £130.1 million by the end of February 29, 2016 as compared to £94.3 million last year.

It saw revenue of £22.6 million in the quarter, rise of 25 per cent, as compared to £18.08 million in other parts of Europe in the previous year. Revenue for rest of the world was £42.6 million as compared to £27.4 million previously, a rise of 56 per cent.

Commenting on revenue growth, Mahmud Kamani and Carol Kane, Joint CEOs of Boohoo.com said, “We are pleased to report a year of strong revenue growth across all geographic regions.  Active customer numbers, order frequency and conversion have all increased as we continue to invest in building customer lifetime value.”

“The expansion of our product range has been very well received by our customers and contributed to strong growth, with the new petite range performing very well along with plus-size, which was introduced last year and continues to grow rapidly,” they added.

The company expects a rise of 25 per cent in sales for the full financial year.

Strategy will be to use a combination of marketing to drive new customer acquisition and promotions to secure sales, all the while supported by most convenient delivery and return options and high level of customer service. (MCJ)

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search