Fast-fashion giant Boohoo reports blockbuster sales growth during the lockdown and acquires Oasis and Warehouse

Boohoo

• Boohoo reported blockbuster sales growth for the first quarter of the year on Wednesday. 
• Sales soared 45% during the quarter proving that the company was able to not only survive but thrive during the coronavirus pandemic. 
• The company also announced its acquisition of the online businesses of British high-street brands Oasis and Warehouse for £5.25 million ($6.6 million).
• Visit Business Insider's homepage for more stories.

British fast-fashion Boohoo is on a path to dominating the online fashion scene. 

The company, which also owns Pretty Little Thing, Karen Millen, and Nasty Gal, reported first-quarter earnings early Wednesday morning. 

See the rest of the story at Business Insider

NOW WATCH: Why thoroughbred horse semen is the world's most expensive liquid

See Also:

• A California gym reopens with bizarre-looking plastic workout pods to enable customers to exercise in groups and maintain social distancing
• Thousands sign petition to shut down UK's luxury shopping 'village' that's hugely popular with Chinese tourists after giant lines outside stores prompt safety concerns
• Retail brands must go further to impress on social media as likes and followers will become more valuable post Covid-19, GlobalData says

SEE ALSO: Private jets, parties with Khloe Kardashian, and $1 million weddings: Inside the lavish lives of a billionaire fast-fashion dynasty

from Feedburner https://ift.tt/30VJd8B