Boohoo.com Profits Double
Online retailer Boohoo.com reported today that its profits rose to 130% and lifted full-year sales guidance for the third time in four months.
Boohoo.com added lingerie this year, and its petite and plus sizes collection showed growth in the last six months. Childrenswear will be added to the retailer's line before the end of the year.
There are 4.5M active customers on Boohoo.com (28% higher than the same period last year) and expects a revenue growth of between 30- 35% from the combination of strong U.K. and overseas sales.