Boohoo continued its impressive run in the last months of 2017 with its main brand, as well as PrettyLittleThing and Nasty Gal, all powering ahead globally. Can surging growth continue? The company thinks it can.
As the UK gets ready for a spate of trading updates, it seems that the week before Christmas saw a late shopping surge with fashion sales rising year-on-year, but it's unlikely to have rescued an otherwise weak season.
UK fashion e-tailer Missguided saw a sales surge in its latest year but that didn’t help profits and the firm, which recently moved into physical stores, swung to a pre-tax loss on investment spending.
Data reporting service Edited has revealed that 2017's Black Friday and Cyber Monday were the largest volume discounting sales days in US shopping history. Cyber Monday sales alone totalled $6.6 billion.
UK Christmas spending is likely to rise this year but the latest set of data suggests that it’s inflation that will be driving that rise, not consumer enthusiasm, and fashion will suffer even though beauty will prosper.