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Reuters
Published
Jun 12, 2014
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British online retailer boohoo.com posts 63 pct jump in revenue

By
Reuters
Published
Jun 12, 2014

British online fashion retailer boohoo.com reported a 63 percent rise in full-year revenue, driven by recovering consumer confidence that spurred more people to shop online.

Boohoo


Pretax profit more than tripled to 10.7 million pounds ($17.97 million) at the retailer, which floated on London's Alternative Investment Market in March.

Revenue came in at 109.8 million pounds in the year ended Feb. 28 from 67.3 million pounds a year earlier.

Boohoo designs, sources, markets and sells own-brand clothing, shoes and accessories through its website to a core market of 16- to 24-year-old consumers in the UK and globally.

$1 = 0.5956 British Pounds

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