BooHoo.com news and archive

Boohoo raises guidance on strong H1 performance

In its results statement for the six months to August 31, 2018, Boohoo Group Plc said revenues reached 520.5 million dollars, up 50 percent or 49 percent CER. The company expects group revenue growth for the year to February 28, 2019 to be 38 percent to 43 percent, up from our previous guidance of 35 percent to 40 percent, with adjusted EBITDA...

Report

Boohoo founder’s brother gifts 30 million shares to his children

Jalal Kamani, brother of one of the Boohoo.com founders Mahmud Kamani, has gifted 30 million ordinary shares to a trust established for the benefit of his adult children. The company said in a statement: “Boohoo.com has been notified of the following dealing in the company’s ordinary shares of 1 pence each made on June 13, 2018 by Jalal Kamani....

Management

Boohoo.com posts 53 percent growth in Q1 revenue

Boohoo group revenue of 183.6 million pounds (245 million dollars), rose 53 percent or 52 percent CER for the three months to May 31, 2018. The company witnessed strong revenue growth and market share gains across all geographies with UK sales up 49 percent and international up 60 percent. The company’s gross margin of 55.2 percent was up...

Management

Boohoo revenues accelerate in fiscal 2018

Integrating PrettyLittleThing and Nasty Gal into the Boohoo group during the year to February 28, 2018, the company said, its revenue from Boohoo continued to grow strongly. The company added that against a backdrop of difficult trading in the UK clothing sector, Boohoo.com despatched 22 million orders to 9.8 million active customer accounts...

Fashion

Boohoo.com does capsule range with Zendaya

Boohoo.com has teamed with actress and musician Zendaya for a capsule collection set to debut on March 21. The news first broke on WWD. “I know my fans, and I know what’s important to them,” Zendaya said in a statement. “They are chic, fashion-forward and love clothes, but like most people, wanna be able to ball on a budget. So I felt this was a...

Management

Boohoo.com H1 revenues jump 106 percent

Boohoo.com’s group revenue for the half year increased by 106 percent or 101 percent CER on the previous year to 262.9 million pounds (352 million dollars), with the company witnessing revenue growth across all territories and brands. The company said, adjusted EBITDA was 27.8 million pounds (37 million dollars), an increase of 68 percent on the...

Report

Pierre Marie Jean-Louis Cuilleret joins Boohoo board of directors

Boohoo.com has announced that Pierre Marie Jean-Louis Cuilleret is joining the company’s board as non-executive director with immediate effect. Upon his appointment, the company added that Cuilleret will sit on each of the company's audit, remuneration and nomination committees. Commenting on Cuilleret’s appointment as non-executive director,...

Report

Boohoo non-exec director Stephen Morana to step down in July

Boohoo has said that after being associated with Boohoo.com for four years, Stephen Morana has informed the board of his intention to step down as a non-executive director of the company with effect from July 1, 2017. Morana currently chairs the company's audit committee. The company added that David Forbes, Senior Independent Director and...

Management

Pre-tax profit doubles to 31 mn pounds at Boohoo

Revenue of 294.6 million pounds (377 million dollars) at Boohoo.com increased 51 percent for the year ended February 28, 2017. Gross margin was 54.6 percent against 57.8 percent in 2016, while adjusted EBITDA of 35.6 million pounds (45.6 million dollars) was 12.1 percent of revenue, up 90 percent. Profit before tax of 30.9 million pounds against...

Report

Boohoo.com raises FY17 revenue outlook

Boohoo.com has said that the company has delivered a strong trading performance since the Group's trading update on January 10, 2017. The Board now expects Boohoo Group revenue growth for the twelve months to February 28, 2017 to be around 50 percent, ahead of the previously guided range of 46 percent to 48 percent. The company also said that it...

Report

Boohoo raises full year revenue forecast again

For the four months to December 31, 2016, revenues at Boohoo.com increased 55 percent or 52 percent CER. Sales in the UK were up 31 percent, while rest of Europe reported a rise of 63 percent or 54 percent CER. Updating its revenue guidance once again, Boohoo said, it expects revenue growth to be between 43 percent and 45 percent in the year to...

Management

Boohoo raises FY17 outlook

Boohoo.com has said that the company continued to perform well since reporting its interim results on September 27, 2016. The company said, trading was strong across the Black Friday weekend and peak season trading continues to be encouraging. Reflecting this strong trading performance, the Board now expects Boohoo to deliver revenue growth of...