Manchester based fashion retailer Boohoo weathered negative publicity over its supply chain failings, reporting a 32% rise in sales in its latest quarter, benefiting from rising demand as lockdown restrictions eased and the integration of new brands.
The Company said revenue rose 32% to £486.1 million in the three months to May 31 compared to the same period last year.
“I am delighted with our performance in the first quarter, particularly as it was always going to be challenging to produce strong growth rates on last year, when lockdowns around the globe drove such high traffic to online retailers,” Chief Executive John Lyttle said.
In September, Boohoo accepted all the recommendations of an independent review that found major failings in its supply chain in England after newspaper allegations about working conditions and low pay in factories in the Leicester area.
The group pledged to fix the problems with its ‘Agenda for Change’ programme and in March revealed a major consolidation in its list of British suppliers.
Boohoo reported on the programme on Tuesday, saying it had made “excellent progress”. It said it was on track to publish a global supplier list in September and continued to review its manufacturing supplier base.