Kourtney Kardashian And Plus Size Range Help Boohoo Double Revenues

Mr Catto said while he could see more takeovers in the medium-term, Boohoo wasn’t looking to buy any more firms imminently.

Gross margins slipped slightly from 53.1pc to 52.5pc as Boohoo cut prices to make the most of Black Friday.

Mr Catto said: “Some of our competitors were offering huge discounts, 50pc off everything, and we gave competitive discounts. Outside of that period we didn't have to give as much away in terms of promotions.”

Research firm Globaldata’s Charlotte Pearce said: “While its relentless discounting activity needs attention, boohoo.com’s product and brand presence is clearly winning over 16-24 year old shoppers, ensuring it will continue to outperform in 2018, luring away dissatisfied shoppers from the likes of New Look, Miss Selfridge and H&M."

Mr Kamani and Carol Kane, joint chief executives, said: “Boohoo has continued to perform well, delivering strong revenue growth on increasingly challenging comparatives last year. PrettyLittleThing has continued to deliver exceptional results and Nasty Gal is making excellent progress in its first year.”

Boohoo's shares were down 2.3pc to 202p in afternoon trade. 

Source : http://www.telegraph.co.uk/business/2018/01/11/kourtney-kardashian-plus-size-range-help-boohoo-double-revenues/

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