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AN ONLINE fashion company and major Lancashire employer has report a large rise in profits. Boohoo, which maintains a large distribution hub on Heasandford Industrial Estate, Widow Hill Road in Burnley, reported a 41 per cent rise in revenues as the firm benefited from the online shopping boom during lockdown. The company told shareholders on Wednesday morning that pre-tax profits lifted by 35 per cent to £124.7 million as it was boosted by the sales increase, while revenues jumped to £1.74 billion in the year to February 28 from £1.23 billion in the previous year. Boohoo chief executive officer John Lyttle said: “Full-year 2021 has been a year of significant investment for the group as we build a platform for the future and I am very pleased to report a strong financial performance. ....
AN ONLINE fashion company and major Lancashire employer has report a large rise in profits. Boohoo, which maintains a large distribution hub on Heasandford Industrial Estate, Widow Hill Road in Burnley, reported a 41 per cent rise in revenues as the firm benefited from the online shopping boom during lockdown. The company told shareholders on Wednesday morning that pre-tax profits lifted by 35 per cent to £124.7 million as it was boosted by the sales increase, while revenues jumped to £1.74 billion in the year to February 28 from £1.23 billion in the previous year. Boohoo chief executive officer John Lyttle said: “Full-year 2021 has been a year of significant investment for the group as we build a platform for the future and I am very pleased to report a strong financial performance. ....
Boohoo: Burnley firm launches probe after same items of clothing sold for different prices lancashiretelegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lancashiretelegraph.co.uk Daily Mail and Mail on Sunday newspapers.
FASHION company Boohoo has announced major plans to expand into new buildings. The online retailer has said it will be working with several Burnley firms to work on transforming old industrial units on Widow Hill Road. Boohoo has also pledged to prioritise the use of local suppliers in an effort to breathe some much-needed life into the local economy. Head of logistics Paul Corrigan said: “Boohoo is a major UK success story, having been founded in 2006 and growing into the business it is today. “We needed to expand and relocate our global distribution centre and Burnley was the perfect location for that. ....