British online fashion retailer Boohoo bucks subdued industry trend
Group's share price up 42% so far this year as it posts stellar sales for its first quarter
12 June 2019 - 18:25
London — British online fashion group Boohoo bucked a tough retail market with robust sales growth in its latest quarter as its offer of cheap clothing, delivered quickly, chimed with shoppers.
Boohoo, which sells own-brand clothing, shoes, accessories and beauty products, said on Wednesday that revenue rose 39% to £254.3m in its first quarter, the three months to May 31. The group achieved strong revenue growth across all geographies, with UK sales up 27% and international up 56%. Its gross margin was 55%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.