Boohoo sales rose 40% to £661 million in the four months ended December 31st.
The group sees stronger sales than the pandemic, and more people are relying on online shopping as high street stores approach.
The surge in sales is despite low working conditions for employees in the UK and overseas. A survey by the Guardian found that the Boohu factory in Leicester does not pay the minimum wage to its workers.
Online retailers have hired Leveson to “bring transparency and independence” into the “Agenda for Transparency and Independence.” In today’s comments on the agenda for change, Lebeson said: “It’s clear that there’s a long way.”
Following strong peak trading performance, Boohu revenue growth is expected to be between 36% and 38% for the fiscal year ending February 28th, surpassing previous guidance of 28% to 32%.
Boohoo CEO John Little commented: Our team worked very hard in 2020 as they navigated many challenges, including the Covid-19 pandemic and the success of Oasis and warehouse acquisition and integration.
“Growth across the multi-brand platform is strong and we continue to expand our market share in all regions. We are looking at the sustainability approach and supply chain for the benefit of all our stakeholders. We are pleased to offer further updates on today’s Agenda for Change program, demonstrating our continued commitment to transparency when investing in. The group is in a great position to enter 2021, but we are is expected to be another year of progress towards the goal
It leads the fashion e-commerce market all over the world. ”
Boohoo Stock (LON:BOO) trades -3.47% at 339,00 (0937GMT).
