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Online fashion giant Boohoo today revealed a 41% surge in sales it raked in huge sims on the back of the online shopping boom during lockdown with Britons spending millions on lounge and sportswear while stuck at home.
The retailer, founded by billionaire Mahmud Kamani, said revenues jumped to £1.74 billion in the year to February 28 2021 from £1.23 billion in the previous year.
The fast fashion retailer, which recently bought Debenhams, Dorothy Perkins, Burton and Wallis and was rocked by the Leicester sweatshop scandal, told shareholders on Wednesday morning that pre-tax profits were also lifted by 35% to £124.7 million because of the sales explosion caused by the pandemic.