British online retailer boohoo.com posts jump in revenues
Published 12/06/2014 | 08:04
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.
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.