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Boohoo announces record revenue

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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.”