Boohoo makes strong finish to 2018

Image copyright
PrettyLittleThing

Boohoo has announced strong sales for the last four months of 2018, in another sign that people are choosing online shopping over the High Street.

The online fashion retailer, which also owns the PrettyLittleThing and Nastygal fashion labels, saw revenues in the four-month period jump 44% to £328.2m.

It revised its revenue growth forecast for the financial year to 43%-45%, up from a previous estimate of 38%-43%.

The company called the figures “another great set of results”.

In a statement, joint chief executives Mahmud Kamani and Carol Kane said: “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.”