boohoo.com plc doubles revenues following record sales ‘across all brands’

Online fashion business boohoo.com plc saw its revenues skyrocket at the tail end of 2017.

The Manchester-headquartered company pulled in group-wide sales of £228.2m during the four months to December 31, double the £114.3m figure reported the year previous.

The UK remained boohoo.com’s biggest market, growing year-on-year by 107% and accounting for a £135.7m slice of the total revenues.

The rest of Europe (£28.2m), US (£39.6m) and rest of the world (£24.7m) markets saw growth of 102%, 105% and 59% respectively.

Fashion e-tailer PrettyLittleThing, which boohoo.com acquired in a seven-figure deal at the end of 2016, saw revenues grow 191% to £73.8m.

PrettyLittleThing was last year revealed to be the world’s fastest growing online fashion brand.

Nasty Gal, another group company, reported sales of £11.9m despite launching less than a year ago.

Mahmud Kamani and Carol Kane, joint CEOs of boohoo.com plc, said in a joint statement: “We are delighted to report another set of strong financial and operational results, with record sales in the four months to December across all our brands.

“The Black Friday period was our most successful ever and we traded well throughout the period under review. boohoo has continued to perform well, delivering strong revenue growth on increasingly challenging comparatives last year.”

They continued: “PrettyLittleThing has continued to deliver exceptional results and Nasty Gal is making excellent progress in its first year. Our focus remains on the customer proposition: offering the best range of the latest fashion at affordable prices, coupled with great customer service.”