Boohoo reaps in sale profit

Friday 12th January 2018 10:19 EST
 

The popular online fashion retailer, or you could say e-tailer, Boohoo has triumphed as it has boosted its sales for the year for the third time, thanks to a galore of acquisitions including NastyGal and PrettyLittleThing.

Boohoo's revenue has doubled to £228.2 million for the four months to 31st December 2017. Online sales such as the Black Friday Bonanza has also aided, and now it is touted that the company should grow 90% for the year to February.

The online e-tailer targets young consumers and they seem to have become a hit with them. Boohoo's share price has also leaped over 170% since it emerged in the London Stock Exchange in 2014.

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Boohoo's sales forecast

100% Annual sales rise (four months to 31st December 2017)

46% Shares gain in the past year-old

£2.4 billion Market Value 


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