boohoo posts first quarter sales growth

boohoo, the online fashion retailer, has posted first quarter revenues up 50 per cent over the previous year.

The firm which operates a major distribution hub in Burnley recorded £486.1m turnover for the three months to May 31 2021, compared with last year's £367.8m.

The increases included the successful integration of Dorothy Perkins, Wallis and Burton brands onto its multi-brand platform, and  the launch of the new Debenhams digital department store, with fashion, beauty and homewares.

John Lyttle, CEO, commented: “I am delighted with our performance in the first quarter, particularly as it was always going to be challenging to produce strong growth rates on last year, when lockdowns around the globe drove such high traffic to online retailers."

boohoo also posted an update on its Agenda for Change, which was created after reports that its supply chain benefited from paying workers less than the minimum wage.

Sir BrianLeveson, who compiled an independent report, said: "In my numerous discussions with directors and managers at boohoo, I remain encouraged by the determination of all to address the issues which were exposed last year and to both promote and embed a new way of working to the highest ethical standards.”

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