Boohoo reports record revenues over Christmas
The Manchester-based Boohoo Group has reported record revenues over the Black Friday and Christmas period.
The online retailer saw Boohoo revenues increase by 25% to £142.6m, while Pretty Little Thing was up 191% year on year to £73.8m. New American acquisition, Nasty Gal had incomes of £11.9m, which has grown month on month since its start-up in March of last year.
"We are delighted to report another set of strong financial and operational results, with record sales in the four months to December across all our brands,” said Mahmud Kamani and Carol Kane, joint CEOs.
“The Black Friday period was our most successful ever and we traded well throughout the period under review. boohoo has continued to perform well, delivering strong revenue growth on increasingly challenging comparatives last year. PrettyLittleThing has continued to deliver exceptional results and Nasty Gal is making excellent progress in its first year.”
In the trading update, the group revised its total revenue growth for the year to 90% from 80% - which itself was raised from 60% in September.