×
39 544
Fashion Jobs
CENTRIC BRANDS
District Manager - Orange County, California
Permanent · San Diego
ESTÉE LAUDER
Retail Beauty Sales Manager - Estee Lauder - Indianapolis, in
Permanent · Indianapolis
ESTÉE LAUDER
Retail Beauty Sales Manager Estee Lauder And Clinique - Fort Wayne, in
Permanent · Indianapolis
ESTÉE LAUDER COMPANIES
Manager, Indirect Procurement - HR Services
Permanent · New York
ESTÉE LAUDER COMPANIES
Corporate Account Executive
Permanent · Miami
JO MALONE LONDON
Retail Fragrance Sales Manager - jo Malone London - (The Grove) - Los Angeles, ca
Permanent · Los Angeles
CLINIQUE
Retail Beauty Sales Manager - Clinique - Birmingham, al
Permanent · Birmingham
LA MER
Retail Beauty Sales Manager - la Mer - (Polaris) - Columbus, oh
Permanent · Columbus
GAP
Senior Manager, CRM
Permanent · New York
GAP
Marketing Manager, Promotions - Gap Factory Online
Permanent · San Francisco
GAP
General Manager - Livingston
Permanent · Livingston
SAKS FIFTH AVENUE
Divisional Vice President, Omni Inventory & Shortage Control
Permanent · New York
HUDSONS BAY
Gift Registry Consultant
Permanent · Edmonton
SAKS FIFTH AVENUE
Cosmetic Business Manager - Armani
Permanent · Toronto
NEW BALANCE
Entertainment Marketing Manager
Permanent · Boston
NEW BALANCE
Vice President Global Lifestyle
Permanent · Boston
DVF STUDIO, LLC
Production Manager
Permanent · New York
MACY'S
Macy’s Green Acres Mall, Valley Stream, ny: Sales Supervisor
Permanent · Valley Stream
MACY'S
Marketing Manager - Wedding Registry
Permanent · New York
MACY'S
Macy’s Cross County Mall, Yonkers, ny: Sales Supervisor
Permanent · Yonkers
MACY'S
Supply Chain - Secaucus, nj - Operations Manager
Permanent · Secaucus
MACY'S
Macy’s Manhasset, Long Island, ny: Sales Supervisor
Permanent · Manhasset

Boohoo powers ahead again, no sign of slowdown in UK, US, Europe

Published
today Jun 12, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Boohoo Group issued a trading update on Wednesday that may have been short but it was fairly sweet with the three months up to May 31 showing continued “strong growth across all brands in all regions.”



Boohoo.com


The company said total revenue rose 39% to reach £254.3 million and even the troubled UK market saw a 27% leap to £140.6 million. The rest of Europe was up 72% to £38.2 million, with the USA up 64% to £51.3 million, and the rest of the world rising 26% to reach £24.2 million. All of those percentages were at actual exchange rates, and the constant currency figures showed only small variations.

Clearly, the company is firing on all cylinders, despite one tiny piece of bad news with the overall gross margin falling to 55% from 55.2%.

The company, which recently acquired the Miss Pap brand, said that its Boohoo brand managed a 27% sales increase to £123.5 million with growth accelerating from last year and the gross margin rising.

At PrettyLittleThing, revenue was up an astonishing 42% at £112.1 million, although the gross margin fell for this brand. At Nasty Gal, revenue rose an even more impressive 153% to reach £18.2 million “with gathering momentum in all markets,” despite a lower gross margin.

The company added that trading in the first quarter has been strong and it continues to expect overall revenue growth for the year of between 25% and 30%. 

CEO John Lyttle said: "The group has made a strong start to the year as we continue to disrupt and capture market share in the UK and internationally across all our brands. I'm delighted that the group topped the UK Hitwise rankings in May for the first time, demonstrating how our multi-brand strategy is really capturing our customers' attention. We have ambitious plans and continue to invest to ensure that our scalable multi-brand platform is well-positioned to disrupt, gain market share and capitalise on the global opportunity in front of us."

Copyright © 2019 FashionNetwork.com All rights reserved.