The fast-fashion retailer bought Debenhams out of administration in January and has relaunched its websiteThe boss of Boohoo has revealed that he is in talks to open a Debenhams store in order to secure deals with leading beauty brands. The fast-fashion retailer recorded another surge in online sales, beating consensus forecasts with a 32 per cent rise in first quarter sales and making £486.1 million in the three months to May 31. Sales have almost doubled over the past two years, helped by the rapid shift to online shopping during the pandemic. SponsoredBoohoo’s growth has been powered by its most mature markets in the UK, which lifted by 50 per cent during the period and accounted for two-thirds of sales, and in the US, which grew by 40 per cent. Growth in Europe and the rest of the world

Source: The Times June 15, 2021 11:13 UTC