Boohoo profits more than double

Endaba Group

Boohoo’s pre-tax profits have rocketed 129% to £14.4m in the 6 months to August 31st! UK sales are up 38%, with their number of active customers reaching 4.5m! The etailer has claimed their profit growth is a result of operational improvements and investment in technology. Their growth is not set to slow, as Boohoo is also set to launch children’s clothing and a maternity range in the second half of the year, and is considering acquiring rival fashion site Pretty Little Thing early next year! They have once again raised their full-year sales guidance to 30-35%!