• Boohoo ups full year guidance on strong holiday sales

    5 days ago - By Fashion United

    For the four months to December 31, 2020, Boohoo Group plc reported strong revenue growth of 40 percent to 660.8 million pounds, with growth across all brands and geographies.
    Gross margin for the four months was 53 percent, down 50 bps year on year. Following the strong peak trading performance, the group expects revenue growth for the financial year to February 28, 2021 to be 36 percent to 38 percent, ahead of our previous guidance of 28 percent to 32 percent and continues to expect to deliver an adjusted EBITDA margin for the year at around 10 percent.
    Revenue continues to grow at...
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  • Boohoo ups full year guidance on strong holiday sales

    5 days ago - By Fashion United

    For the four months to December 31, 2020, Boohoo Group plc reported strong revenue growth of 40 percent to 660.8 million pounds, with growth across all brands and geographies. The company said, gross margin for the four months was 53 percent, down 50 bps year on year. Following the strong peak trading performance, the group expects revenue growth for the financial year to February 28, 2021 to be 36 percent to 38 percent, ahead of our previous guidance of 28 percent to 32 percent and continues to expect to deliver an adjusted EBITDA margin for the year at around 10 percent.
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  • Nordstrom holiday sales drop by 22 percent

    5 days ago - By Fashion United

    Nordstrom, Inc. has reported a net sales decline of approximately 22 percent for the nine-week holiday period ended January 2, 2021. The company said, combined November and December sales were in-line with its expectations for a decrease in the low-twenties percentage range for the fourth quarter. Sales trends increased sequentially by approximately 500 basis points relative to the third quarter, after adjusting for the shift of the Nordstrom Anniversary Sale from the second quarter to the third quarter in fiscal 2020.
    “We're encouraged by the increasing momentum throughout and following...
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