This ad will be closed automatically in X seconds.

Boohoo expected to unveil lockdown sales surge in market update

Retail group expected to report a 39% rise in sales to £1.7 billion for the full year to the end of February.

It’s expected to be confirmed that it’s ‘boom time’ for Boohoo this week, when the online fashion group updates the market on its soaring sales during the pandemic.

The group is expected to reported a 39% uplift in sales to £1.7 billion for the full year to the end of February when it updates shareholders on Wednesday 5 May.

The initial impact of the deals for Debenhams and three Arcadia brands – Dorothy Perkins, Wallis and Burton – is also expected to be discovered, while investors will also be looking to find out whether sales have been impacted by the re-opening of non essential retail on the high street from 12 April.

Analysts have predicted that the company will deliver an adjusted pre-tax profit of £147.3 million for the year.

“It’s been boom time for Boohoo through the pandemic, as shoppers switched from physical to virtual shopping baskets, lured by the e-retailer’s cheap prices,” commented Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown on The Industry.Fashion.

Want to read more news like this? Simply sign up to our daily digest by clicking here. You can also follow @LicensingSource on Twitter and @licensing_source on Instagram.

The creative agency has welcomed Ben Laskey, creative director, and Craig Gordon, design director, to its board of directors....
Jazwares Game Studio is collaborating with Sony Pictures Consumer Products to introduce the official Cobra Kai: Karate Legends gaming experience to the Roblox platform....
“For this project, we blurred form and function to create an elevated collection of organic neutrals with motifs and textures inspired by our travels.”...
A number of activations involving the emoji brand are currently taking place at One East and Mosaic Shanghai, following a deal between The emoji company, Mandy Group and Medialink Group....
Natural History Museum is looking to hire a licensing manager to further grow its commercial and visitor experience department....
Over 270 industry executives took to the streets around Embankment and Westminster last night (17 July) for the popular summer treasure hunt in aid of The Light Fund, raising more than £8,000 in the process....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.