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Boohoo sales to soar by 31%

Sales at young fashion etailer Boohoo.com are expected to increase by 31% to £67m for the six months to August 31.

In a trading update released this morning (September 12) the business said revenue in the second quarter soared by 37% up from a 24% increase in the first quarter.

Sales in the UK were up by 50% in the second quarter while the rest of Europe was up by 61% and the rest of the world by 8%.

Boohoo will release its interim results for the six months to August 31 on October 14.

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