Business World

Friday 29 August 2014

British online retailer boohoo.com posts jump in revenues

Published 12/06/2014 | 08:04

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Nicole Scherzinger on stage at The Olympia Theatre. Photo: VIP Ireland

British online fashion retailer boohoo.com (BOOH.L) reported a 63pc rise in full-year revenue, driven by recovering consumer confidence that spurred more people to shop online.

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Pretax profit more than tripled to £10.7m at the retailer, which floated on London's Alternative Investment Market in March.

Revenue came in at £109.8m in the year ended Feb. 28 from £67.3m a year earlier.

Boohoo designs, sources, markets and sells own-brand clothing, shoes and accessories through its website to a core market of 16- to 24-year-old consumers in the UK and globally.

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