Boohoo share price soars as trading update suggests etailer is back “on track” June 10, 2015 Boohoo's shares soared this morning as investors lapped up a strong trading update from the etailer, following a stumble earlier this year. The figures: Revenues rose 35 per cent for the three months to May 31, while gross margins climbed more than 60 per cent. The company, which listed last year, now has 3.3m [...]
Boohoo’s finance chief Neil Catto granted options over 1.6m shares May 26, 2015 Boohoo’s finance chief Neil Catto was yesterday granted 1.6m share options worth £400,000 after his previous options effectively went under water following a slump in the online retailer’s share price. Catto, who steered the company through its float in March last year, was rewarded at the time with options over 2m shares. These would have [...]
Boohoo puts last year’s troubles behind it as profits make a jump May 6, 2015 Boohoo said yesterday that it has put last autumn’s troubles behind it after reporting a 27 per cent jump in full-year sales. Boohoo’s share price plummeted by around 40 per cent in January after the e-tailer issued a shock profit warning, blaming heavy promotional activity on the UK high street following the warm autumn season. [...]
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 [...]