RE: 300p ++ next week14 Nov 2020 10:34
But the analysts argued that as in in retail, the most consumer-engaged online businesses would continue to improve their positioning and take market share.
‘The fact that consumers can return to the High Street with confidence is not going to reverse the importance of relevance; in our view, quite the opposite,’ said Peel Hunt analysts.
That means they expect fast fashion retailer Boohoo (BOO) and electronics specialist AO World (AO) to continue to perform strongly. They expect the latter to end of the year with 50% plus growth in active customers, resulting in repeat purchases that exceed the market’s expectation of 7-8% revenue growth next year.