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Boohoo sees 15% revenue growth in 4 months till December

19
Jan '19

Courtesy: Boohoo

UK fashion retailer Boohoo has recorded revenue of £163.5 million during the four months ended December 31, 2018, up 15 per cent over the previous year period. The year-to-date revenue was £372.5 million, an increase of 15 per cent. For the reported period, the group revenue grew 44 per cent across all geographic regions along with net cash of £189 million.

The revenue of Pretty Little Things went up 95 per cent during the four months while settling at £163.5 million, with the year-to-date £312.8 million revenue, up 114 per cent. For the reported period, the revenue of Nasty Gal totaled £20.6 million, along with 89 rise in year-to-date revenue.

"We are delighted to be reporting yet another great set of financial and operational results and would like to say a very big thank you to all our team and customers. We remain firmly focused on continuing to provide our customers with great fashion at unbeatable value. The global growth opportunity is significant and we will be addressing it in a controlled way – investing in our proposition, operations and infrastructure to capitalise on the opportunity," Mahmud Kamani and Carol Kane, joint CEOs, said. (RR)

Fibre2Fashion News Desk – India

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