• Boohoo revenues decline

    21 days ago - By Fashion United

    Image: Boohoo
    Boohoo Group has reported an 8 percent year-over-year drop in revenue to 445.7 million pounds in the first quarter of the year, which it said was in line with expectations and against a strong prior year performance linked to lockdowns.
    Revenues increased 75 percent over the three-year pre-pandemic period.
    Commenting on the quarterly performance, Boohoo CEO John Lyttle said: “We have seen promising signs from the group's sales performance in the UK, which has improved month-on-month in the period and we are looking ahead towards our key summer trading season as holidays ramp...
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  • N Brown sales drop by 2.1 percent

    21 days ago - By Fashion United

    Image: Jacamo, N Brown media gallery
    N Brown Group Plc , for the 13 weeks ended May 28, 2022 reported revenues of 165.1 million pounds, down 2.1 percent compared to the previous year's first quarter.
    The company said in a release that earnings expectations for FY23 remain unchanged from those outlined in the preliminary results on May 18, 2022, with adjusted EBITDA expected to remain at a level similar to that reported in FY21.
    Commenting on the trading update, Steve Johnson, N Brown's chief executive, said: "Sales volumes since the start of the financial year have been softer, reflecting...
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  • Boohoo revenues decline

    21 days ago - By Fashion United

    Image: Boohoo
    Boohoo Group plc said in a release that due to lockdowns driving prior year comparative strength, and in line with prior guidance, revenues declined 8 percent to 445.7 million pounds in the quarter.
    Revenues increased 75 percent over the three-year pre-pandemic period.
    Commenting on the quarterly performance, John Lyttle, Boohoo CEO, said: “We have seen promising signs from the group's sales performance in the UK, which has improved month-on-month in the period and we are looking ahead towards our key summer trading season as holidays ramp up and customers look to the latest...
    Read more ...