Boohoo Group has a revenue increase of 44%

April 28, 2020 by
Sanne Leenders
boohoo group

Online fashion retailer Boohoo Group experienced a revenue increase of 44%. The online fashion retailer experienced a strong revenue growth across all geographical regions. The current international revenue is 45% of Boohoo Group's total sales.

The Boohoo Group currently has around 14 million active customers across the world and across all of its brands. As mentioned before, Boohoo experienced a strong revenue growth across all geographical regions. Within the United Kingdom the online fashion retailer's revenue grew by 39%. In addition, the international revenue grew by 51%. The performance of the online fashion retailer has improved over the last few weeks.

Growth per brand

Currently, the Boohoo Group owns a few different brands. In 2017, the group extended its customer offerings through PrettyLittleThing and Nasty Gal. Boohoo experienced a revenue growth of 38%. PrettyLittleThing also experienced a revenue growth of 38% and Nasty Gal experienced the largest increase of 106%.

Great year for Boohoo

John Lyttle, CEO, commended the following: "Whilst recent events have understandably overshadowed what has been a great year for Boohoo, they have also highlighted its key strengths. Our business is founded on our ability to be agile and flexible and it is at times like this when these abilities are tested, and I am proud of how our colleagues and business partners from around the world have responded to the challenges posed by this pandemic. Although there is near-term uncertainty in the markets that we operate in, the group is underpinned by its incredibly strong balance sheet and is well-placed to leverage its scalable multi-brand platform and to continue to disrupt fashion markets around the world."

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