Page 22 - John Lyttle News Today

BBC News Published image copyrightBoohoo Boohoo has reported a 41% rise in full-year sales as home working fuelled demand for athleisure, making up for a slump in "going out" gear. The online retailer said customers bought more activewear and loungewear during the pandemic. But it saw "significant declines" in areas such as dresses and "going out" clothes due to Covid lockdowns. Over the year, Boohoo bought a number of High Street brands which foundered in the pandemic, including Debenhams. It ...

Boohoo has said it is seeing “early rewards” after snapping up Debenhams and three Arcadia brands in rescue deals as it unveiled strong trading for the past year. The online fashion giant reported a 41% surge in revenues as it benefited from the online shopping boom during lockdown. The retailer said revenues jumped to £1.74 billion in the year to February 28 from £1.23 billion the previous year. It told shareholders on Wednesday morning that pre-tax profits lifted by 35% to £124.7 milli...

AN ONLINE fashion company and major Lancashire employer has report a large rise in profits.

Boohoo has said it is seeing “early rewards” after snapping up Debenhams and three Arcadia brands in rescue deals as it unveiled strong trading for the past year. The online fashion giant reported a 41% surge in revenues as it benefited from the online shopping boom during lockdown. The retailer said revenues jumped to £1.74 billion in the year to February 28 from £1.23 billion the previous year. It told shareholders on Wednesday morning that pre-tax profits lifted by 35% to £124.7 milli...

The online fashion giant reported a 41 surge in revenues as it benefited from the online shopping boom during lockdown.

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Boohoo’s adjusted pre-tax profit climbed by 37% in the 12 months to 28 February to a better-than-expected £174m as the group’s customers shrugged off concerns about the group’s supply chain, following last summer’s allegations that linked it to factories with poor working conditions in Leicester and abroad. Manchester-based Boohoo, which also owns the brands PrettyLittleThing and Nasty Gal, was able to take advantage of the declining fortunes of more traditional retailers during the pa...

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Boohoo announced a 41 percent rise in annual revenues to £1.7billion on Wednesday Boohoo, it seems, is unstoppable. The faster-than-fast fashion retailer announced a 41 percent rise in annual revenues to £1.7billion on Wednesday. It’s an extraordinary figure, especially in the wake of a pandemic that has caused so many high street fashion chains to crash into administration (the Boohoo Group went on to acquire several of these heritage British brands, including Warehouse, Debenhams and Ka...

AN ONLINE fashion company and major Lancashire employer has report a large rise in profits. Boohoo, which maintains a large distribution hub on Heasandford Industrial Estate, Widow Hill Road in Burnley, reported a 41 per cent rise in revenues as the firm benefited from the online shopping boom during lockdown. The company told shareholders on Wednesday morning that pre-tax profits lifted by 35 per cent to £124.7 million as it was boosted by the sales increase, while revenues jumped to £...