Boohoo has outpaced the struggling fashion sector after posting record sales across all of its brands over a “highly successful” Christmas trading period. In the four months to December 31, the online fashion retail group saw revenues grow 100 per cent across all its markets, wracking up £127 million in net cash. Gross margins for the period also shot up 52.5 per cent.
Boohoo share prices fell six per cent this morning after one of its joint chief executives sold swathes of shares worth £10.7 million. Carol Kane sold 4.65 million shares at 230p each, reducing her stake in the business to just four per cent