Online fashion retailer Boohoo’s net sales up 55% | Retail News UK
Home » News » Retailers News » Online Fashion Retailer Boohoos Net Sales Up 55

Online fashion retailer Boohoo’s net sales up 55%


READ MORE ON BoohooFashion RetailerFinancial ReportRetailer News UK


Image Courtesy:

Online fashion retailer Boohoo recently unveiled its sales report for the four-months period ended 31st December, 2016.

In the reporting period, the company’s net sales totalled £ 114 million, up by 55 per cent as against £ 73 million last year. Region wise, UK sales rose 31 per cent to £ 65 million compared to £ 49 million in the comparable period last year. Continuing the trend in ROE, USA and ROW…, Boohoo’s sales in ROE stood at £ 13 million, witnessing a jump of 63 per cent from £ 8 million; USA sales reached £ 19 million in the above-mentioned period while ROW region generated £ 15 million.

The fashion retailer also reported net sales for the eleven-month period of FY 2016. Net sales in this period soared 47 per cent to £ 241.6 million from previous year’s £ 164.4 million. The UK region reported sales worth £ 146.7 million with 35 per cent increase. ROE generated net sales amounting to £ 28.6 million, up by 51 per cent from last year. The USA also gained momentum with net sales of £ 13.8 million while sales for ROW region stood at £ 31.3 million.

Also ReadOnline fashion retailer Boohoo buys PrettyLittleThing

Mahmud Kamani and Carol Kane, Joint CEOs, Boohoo commented, “Trading in the four months to 31 December 2016 has been strong across all regions. Our strategy offering great pricing, enticing promotions and an ever-broader range of the latest fashion continues to drive growth and enhance customer lifetime value. In particular, sales momentum in the USA has continued robustly, helped by our strong customer proposition across the Black Friday weekend.  We are delighted to have completed the acquisition of a majority stake in PrettyLittleThing on 3rd January, 2017 and we welcome the team to the enlarged group. This is a fantastic brand to complement‘s own brand, and we look forward to building on its success.”

The company now expects its revenue growth to be between 43 per cent and 45 per cent in the year to 28th February 2017, above previous guidance of between 38 per cent and 42 per cent. This is attributed to strong trading through Black Friday continuing into the Christmas season.


Have some news? Let us know on

Recommended by Apparel Resources

Duluth Holdings Celebrates Grand Opening of its Twentieth Store in Warwick, Rhode Island

BELLEVILLE, Wis., April 27, 2017 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ:DLTH), a lifestyle brand of men’s and women’s casual wear, workwear and accessories,...

Zivame opens one more Studio in India

Indian lingerie e-retailer Zivame has launched its Studio in Chandigarh. The retailer has already launched its studios in seven cities: Bangalore, Pune, Delhi,...

Kering reports surge in first quarter revenue

Kering, the French holding group which owns fashion brands like Alexander McQueen, Balenciaga, Brioni, Gucci, Puma, Volcom, Saint Laurent Paris, and other luxury,...

Online fashion retailer Boohoo sees surge in sales

Online fashion retailer Boohoo recently unveiled its sales report for the year ended February 28, 2017. In the reporting period, the company’s net...

J.Crew announces strategic changes; to axe 250 employees

New York (US)-based fashion brand J.Crew has declared several calculated changes across its organization to place itself on a faster growth chart. As...

Fashion brand H&M named ‘Top Global Employer’: Report

Swedish fashion brand Hennes & Mauritz (H&M) has been named as Top Global Employer in Business of Fashion’s first ever annual report on The Best...

Sears gets new CFO in six months

American holding company Sears Holdings has recently announced appointment of Rob Riecker, the company’s controller and head of capital market activities as the...

BIBA plans to strengthen its kidswear segment

India-based ethnic wear retailer BIBA is planning to increase the number of its standalone stores for its kidswear category BIBA Girls and also...

LVMH to integrate Christian Dior Couture

The European multinational luxury goods conglomerate LVMH has announced that it is going to integrate the entire Christian Dior brand within the luxury...

India’s Reliance Retail sees 40.4% surge in profit

Reliance Retail, retail arm of Reliance Industries Ltd. (RIL), has announced 40.4 per cent increase in profit before depreciation, interest and taxes (PBDIT)...