Large shareholders in British online fast-fashion retailer boohoo see market concerns over the company's profit margins as overblown and are making the most of a share price rout to add to their holdings.
Boohoo continued its impressive run in the last months of 2017 with its main brand, as well as PrettyLittleThing and Nast Gal, all powering ahead globally. Can surging growth continue? The company thinks it can.
The first half saw stunning sales rises at Boohoo.com and while margins suffered, growth in menswear and specialist product, a focus on international expansion and on integrating its acquired brands really paid off.
The good news just keeps coming from Boohoo.com with the online fashion retailer late on Wednesday saying sales more-than-doubled in the past three months and announcing major moves to help it accelerate its growth.
It was another year of power growth for Boohoo and expect more of the same this year as PrettyLittleThing and Nasty Gal boost revenues. Key to its growth story is global revenue as non-UK shoppers spend more per order.
The active acquisition strategy of UK fashion e-tailer Boohoo.com is keeping it in the news at the moment but on Tuesday it made headlines for its existing business as sales soared and the US operations raced ahead.