Boohoo posts strong first quarter sales growth

In the three months to 31 May, sales at online fashion retailer Boohoo rose by 48% to £86.4 million with sales in the UK up 41%. Sales in its rest of Europe business were up 44% while sales in the USA and rest of the world rose by 97% and 50% respectively. During the period, the number of active customers grew by 24% year-on-year to £5.2 million.

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Sales at Pretty Little Thing reached £30.7 million while Nasty Gal’s revenue was £2.9 million.

Boohoo joint chief executives Mahmud Kamani and Carol Kane said: “Our performance in the first quarter has been very encouraging across…