Boohoo has strong Christmas revenues

Boohoo raised its revenue guidance after having great success over a tough Christmas period for the high street.

The owner of Nasty Gal and Pretty Little Thing said revenue rose 44% to £328.2m in the four months to 31 December, up from £228.2m a year earlier. In the UK, revenues rose 33% to £180m and US sales jumped 78% to £70.4m.

Boohoo now expects revenues for the year to 28 February to rise by between 43% to 45%, ahead of its previous guidance of 38% to 43%.

Read more at Netimperative