Manchester based Online fashion business Boohoo is seeing its returns growing after sales increase although it says that customers are returning more clothes after trying them on.
The business said the growth in net sales over the three months to the end of February had reached 7%, adding to a strong year for the company.
The Company says that it expected to report profits of £125 million for its latest financial year
Chief executive John Lyttle said: “The group has delivered strong growth over the last two years, which has translated into significant market share gains.We are confident that pandemic-related headwinds are short term in their nature, and our focus is to ensure the business is well positioned for growth as these headwinds ease.”
