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Primark and Boohoo next in line to reveal Christmas trading

High street fashion giant Primark and online rival Boohoo will be among the next batch of retailers to report back on their festive fortunes.

Boohoo is set to leave rivals in the shade when it updates on Tuesday, with Numis pencilling in 38% growth in its third quarter, which covers the crucial festive season.

“We expect Boohoo to again emerge as a winner from a challenging trading period for both store and e-commerce apparel retailers, fuelled by the flexibility and speed inherent in their business model,” said Mr Bowler.

It comes after Boohoo booked a 50% rise in sales to £395.3 million in the six months to August 31, while pre-tax profit rocketed 22% to £24.7 million.

 

Boohoo Group PLC (LON:BOO) operates as an online fashion retailer in the United Kingdom, rest of Europe, the United States, and internationally. The company also provides its products under the boohoo, boohooMAN, PrettyLittleThing, and Nasty Gal brand names. 

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