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Updated: 12.06.2019
Christian Habeck equities trader

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  • Its international section recorded a 56% increase in sales
  • Stock up 2.75%

Boohoo (LON:BOO), a UK-based online fashion retailer, has reported a 39% increase in sales to £254.3 million ($324 million) for the first quarter ending May 31st, mainly due to its international unit which recorded a 56% increase.

“The group has made a strong start to the year as we continue to disrupt and capture market share in the UK and internationally across all our brands,” said chief executive John Lyttle.

The stock is currently trading 2.75% higher in London.