Member Article

Manchester’s boohoo.com sales up 25%

Manchester online fashion retailer boohoo.com has reported sales of £50.8 million for the four months to December 2014, an increase of 25% compared to the same period last year.

Despite these positive results the company say that this growth was less than expected.

It reports that ‘Black Friday’ sales produced a record week, which contributed to its financial results.

However sales growth was still less than expected, and the retailer says this was due to the warm autumn affecting the sale of winter stock.

Joint chief executives Mahmud Kamani and Carol Kane said “Whilst the period proved a challenging trading environment, we have still grown the business by 25%, albeit short of our previous expectations.

“We are very confident that our fashion credentials, pure play online model and the significant investment in infrastructure will continue to drive growth in the UK and internationally.”

This was posted in Bdaily's Members' News section by Sophia Taha .