UK online fashion retailer Boohoo raises outlook again



British online fashion retailer Boohoo.com on Tuesday upgraded its sales guidance for the third time in three months as it reported a more than doubling of first-half profit on the back of strong revenue growth driven by new customers.
The firm, which designs, sources and sells own-brand clothing, shoes and accessories online to a core market of 16-24 year-olds in Britain and globally, said on Tuesday it now expected revenue growth for the full year of 30-35 percent.
In August the group had upgraded its forecast to 28-33 percent.
Boohoo floated at 50 pence a share in 2014 but the stock was... read more

 
27 September 2016 in Business, Views: 32
Source: Reuters
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