Monday 18 December 2017

Online retailer Boohoo.com made €74m in first three months of the year

Ruth O'Neill modelling for Boohoo.com
Ruth O'Neill modelling for Boohoo.com

Boohoo.com, a British online fashion retailer, nudged up its full-year sales forecast on Wednesday, after a rise in new customers helped first-quarter revenue beat its expectations.

The company, which sells own-brand clothing, shoes and accessories online to a core market of 16-24-year-olds, said revenue rose 41pc year-on-year to £58.2m (€73.4m) in the three months ended May 31.

EBITDA margins would be in line with last year, as Boohoo.com planned to invest to bring new customers on board and grow internationally, the company said.

Reuters

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