Boohoo’s 27 per cent revenue jump is nothing to cry about March 11, 2015 ONLINE fashion retailer Boohoo has reported a stylish 27 per cent surge in full-year revenue. The group, which targets 18- to 24 year olds, accredited mobile phones with helping to boost sales. Mobile traffic now represents almost half of all sessions and daily unique visitors to Boohoo.com. Mobile user conversions to sales improved by over [...]
Investor cheer boosts Boohoo share price seven per cent March 11, 2015 Shares in online retailer Boohoo are back in fashion after it reported a 27 per cent surge in full year revenue. Shares in the Manchester-based group jumped as much as seven per cent to 27 pence in early morning trade today. But despite the gains, they remain well below last year's initial public offering price, [...]
Boohoo in tears as shares hit by profit warning January 7, 2015 BOOHOO’S shares plunged more than 40 per cent yesterday after the online fashion retailer issued a profit warning, blaming heavy discounting across the UK high street. The company, which made its debut on London’s junior market in March, said price cuts by high street rivals looking to shift jumpers and coats following warm autumn weather [...]
Analyst Views: What was your reaction to Boohoo’s trading update? January 7, 2015 ALISTAIR DAVIES | INVESTEC Boohoo’s statement highlighted a competitive and challenging UK market, resulting in slower-than-anticipated sales growth. International saw an encouraging rebound in ROW, reflecting benefits from price reinvestment, with Europe delivering mixed results. Lower sales growth… led us to cut our forecasts materially. MATTHEW MCEACHRAN | N+1 SINGER Boohoo has delivered 25 per [...]
Boohoo share price plummets to record low as etailer issues profit warning January 7, 2015 Boohoo's share price has plummeted by around 40 per cent after the etailer issued a profit warning this morning. Although the fast fashion etailer said it had a record week over Black Friday, when demand was 2.4-times higher than its previous busiest day, it warned that full year results would be below market expectations. [...]
Boohoo claims credit for online market success October 14, 2014 BOOHOO co-chief executive Carol Kane said the online fashion retailer’s success and recent IPO had acted as a wake-up call for other high street stores to improve their own online businesses, as it posted a jump in sales yesterday. Boohoo made its successful debut on Aim in March, with a market value of £560m, just [...]
Boohoo share price up as profit increase bucks retail downturn October 14, 2014 Boohoo has nothing to cry about this morning, reporting strong half-year results – its first since going public – and sending shares up five per cent in early trading. Pre-tax profits were up 23 per cent to £4.5m, as revenue was up 31 per cent to £67m in the six months to 30 September in [...]
Boohoo share price soars after reporting accelerating sales growth September 12, 2014 Boohoo's share price soared six per cent this morning after revealing revenues will be up nearly a third for its first half. The etailer, which went public in March, is expecting revenues to rise 31 per cent to £67m for the six months to August 31, it said in a trading update this morning, [...]
Top Boohoo staff get share awards July 7, 2014 ONLINE fashion retailer Boohoo has granted share options to senior managers for a total of 988,000 shares. The company, which listed on Aim in March, said the options granted had a vesting period of three years, a total exercise period of 10 years, and will be subject to the firm hitting certain goals. Its shares [...]
Boohoo revenue soars 62pc March 31, 2014 Online fashion retailer Boohoo.com finished the year to 28 February with net revenues enjoying a year-on-year rise of 62 per cent to £109m, according to the company's year end trading update. Boohoo.com saw earnings before interest, taxes, depreciation and amortization for the period in line with expectations, increasing 200 per cent on the previous year. [...]