Boohoo starts to recover

Customer numbers at Boohoo (BOO) jumped by nearly a third to 3m as the online-only fashion retailer extended its product range and invested in its website and warehousing. Sales for the year to February rose 27 per cent - and by a third in the UK to £94.3m - but heavy spending stopped most of the growth filtering down to the bottom line. Operating profits before exceptional items finished the fiscal year up just 6 per cent to £11.8m.

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