BooHoo.com news and archive

Boohoo confirms record Black Friday sales

Online fashion company Boohoo Group Plc has confirmed that since its half year end, trading has remained strong across its key brands with a record performance across the Black Friday weekend. The company said in a statement: “Our new brands, Karen Millen, Coast, and MissPap, have been successfully integrated onto our platform. Initial ranges...

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Boohoo raises guidance on strong H1 performance

In its results statement for the six months to August 31, 2018, Boohoo Group Plc said revenues reached 395.3 million pounds, up 50 percent or 49 percent CER. The company expects group revenue growth for the year to February 28, 2019 to be 38 percent to 43 percent, up from our previous guidance of 35 percent to 40 percent, with adjusted EBITDA...

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Boohoo founder’s brother gifts 30 million shares to his children

Jalal Kamani, brother of one of the Boohoo.com founders Mahmud Kamani, has gifted 30 million ordinary shares to a trust established for the benefit of his adult children. The company said in a statement: “Boohoo.com has been notified of the following dealing in the company’s ordinary shares of 1 pence each made on June 13, 2018 by Jalal Kamani....

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Boohoo.com posts 53 percent growth in Q1 revenue

Boohoo group revenue of 183.6 million pounds (245 million dollars), rose 53 percent or 52 percent CER for the three months to May 31, 2018. The company witnessed strong revenue growth and market share gains across all geographies with UK sales up 49 percent and international up 60 percent. The company’s gross margin of 55.2 percent was up...

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Boohoo revenues accelerate in fiscal 2018

Integrating PrettyLittleThing and Nasty Gal into the Boohoo group during the year to February 28, 2018, the company said, its revenue from Boohoo continued to grow strongly. The company added that against a backdrop of difficult trading in the UK clothing sector, Boohoo.com despatched 22 million orders to 9.8 million active customer accounts...

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Boohoo.com upgrades revenue guidance after strong H1 sales

The British online fashion retailer – just second to ASOS now – welcomed the autumn by upgrading its revenue guidance after half-year sales rocketed. The secret to this uplift lies on international growth and acquisitions. Joint bosses Mahmud Kamani and Carol Kane said that the stellar results give the firm “confidence to raise guidance for the...

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Boohoo.com H1 revenues jump 106 percent

Boohoo.com’s group revenue for the half year increased by 106 percent or 101 percent CER on the previous year to 262.9 million pounds (352 million dollars), with the company witnessing revenue growth across all territories and brands. The company said, adjusted EBITDA was 27.8 million pounds (37 million dollars), an increase of 68 percent on the...

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Pierre Marie Jean-Louis Cuilleret joins Boohoo board of directors

Boohoo.com has announced that Pierre Marie Jean-Louis Cuilleret is joining the company’s board as non-executive director with immediate effect. Upon his appointment, the company added that Cuilleret will sit on each of the company's audit, remuneration and nomination committees. Commenting on Cuilleret’s appointment as non-executive director,...

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PrettyLittleThing named the fastest growing online fashion retailer

PrettyLittleThing, the online fast fashion company, has been named the fastest growing online retailer. Data from Hitwise, the consumer analytics company, shows PrettyLittleThing’s (PLT) sales increased by 400 percent in the 12 months to February 2016 and site traffic rose a staggering 663 percent year on year since 2014. The Manchester based...

People

Boohoo non-exec director Stephen Morana to step down in July

Boohoo has said that after being associated with Boohoo.com for four years, Stephen Morana has informed the board of his intention to step down as a non-executive director of the company with effect from July 1, 2017. Morana currently chairs the company's audit committee. The company added that David Forbes, Senior Independent Director and...

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Pre-tax profit doubles to 31 mn pounds at Boohoo

Revenue of 294.6 million pounds (377 million dollars) at Boohoo.com increased 51 percent for the year ended February 28, 2017. Gross margin was 54.6 percent against 57.8 percent in 2016, while adjusted EBITDA of 35.6 million pounds (45.6 million dollars) was 12.1 percent of revenue, up 90 percent. Profit before tax of 30.9 million pounds against...

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Boohoo.com raises FY17 revenue outlook

Boohoo.com has said that the company has delivered a strong trading performance since the Group's trading update on January 10, 2017. The Board now expects Boohoo Group revenue growth for the twelve months to February 28, 2017 to be around 50 percent, ahead of the previously guided range of 46 percent to 48 percent. The company also said that it...