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Boohoo's gross margin ticked up by 60 basis points to 55.6 per cent, with the retailer predicting this financial year will see strong growth in profitability, meaning it looks set to be able to beat market expectations.

All share prices react to buying and don’t trade at the exact price they are supposedly worth.

On Wednesday 17 June 2020 Boohoo Group announced the purchase of 2 more brands, Warehouse and Oasis. Boohoo is clearly becoming the place where failed traditional fashion retailers are re-born online. What a fantastic business model Boohoo has. It picked up these new brands for only £5.25m. You can bet that, within a few years, both are likely to be booming under the new owners. They'll hit the ground running, with prior year combined online sales of £46.8m.

Boohoo Group revenue is up a very strong 45% Year on Year. Growth is particularly strong in Europe +65%, and USA +83%. These are now quite big numbers, and shows the global reach (and hence major opportunity for more growth) that the group has.

Warren Buffett says never bet against America. We might adapt that here in the UK to say, never bet against BooHoo! Just ask Matt Earl, Shadowfall, with his bungled shorting attack recently.

The valuation looks expensive, but bear in mind BOO normally beats original forecasts by a lot. Hence the current year PER of over 60, is likely to turn out to have been a PER of maybe 30-40. Far from excessive, given the ongoing and almost unlimited global growth potential.

Shares in online fashion retailer Zalando jumped on Thursday 18 June 2020 after the German company said it expects a big increase in second-quarter sales and operating profit as coronavirus lockdowns accelerate a shift to ecommerce.

The growth rate of online fashion looks set to triple this year to account for 23% of European sales in 2020, levels not expected before 2024 prior to the pandemic, analysts at Bernstein said, adding the market share could hit 37% by 2030.

"The sudden closure of all apparel retail stores across all major global markets has shaken up the channel mix in an unprecedented way this year," said Bernstein's Aneesha Sherman.
"(It's) five years' worth of growth achieved in about six months."

Boohoo, which owns the Nasty Gal and prettylittlething brands, said it was buying the online businesses of struggling UK bricks-and-mortar brands Oasis and Warehouse after last year buying Karen Millen and Coast.

Zara-owner Inditex , the world's biggest fashion retailer, said last week it expects online sales to make up a quarter of its sales by 2022, compared to 14% now, after a 95% surge in lockdown conditions in April.

H&M reported on Monday 15 June 2020 its group sales halved in March-May and were down 30% in the first 13 days of June even as stores started to reopen. Online sales jumped 36% in March-May 2020.

Known for its affordable fashion, Boohoo's popularity has surged over the years. According to a YouGov poll conducted in May, 11% of 18 to 24 year-olds made a purchase from the company in the last three months!

The online fashion retailer owns numerous popular brands such as PrettyLittleThing, Coast and Karen Millen, as well as its original signature label. On top of this, the group has just added another two to its portfolio. On Wednesday, Boohoo said it had acquired the online businesses and intellectual property of Oasis and Warehouse for £5.25m. Acquisitions have proved to be a key driver of growth for the company and I expect this trend to continue over the long term.

Moreover, on Wednesday 17 June 2020 the online fashion retailer released an impressive trading update covering the three months to 31 May 2020. The report outlined a bumper performance, with sales rising by 45% compared to the same period last year. As a result, the shares rose by 8% in early trading.

For the current financial year ending 28 February 2021, Boohoo has said it expects to deliver “another year of strong profitable growth, and ahead of market expectations”.

More acquisition opportunities could be imminent due to the pressure certain retailers are under from the coronavirus. Boohoo has a bulky pile of cash that could easily be used to finance any future acquisitions without doing significant damage to the balance sheet. For this reason, I expect the spending spree on cheap, distressed-but-improvable brands to continue. Consequently, I wouldn’t be surprised if the Boohoo share price continues to make impressive gains as the firm’s growth goes on.

Overall, Boohoo’s stellar performance in the midst of a global pandemic is commendable. What’s more, there are certainly opportunities in the not too distant future that could fuel further growth. As such Boohoo shares could truly be among the best to buy today.

The 12-week closure of the U.K.’s shops has been a boon for online fashion retailer Boohoo Group Plc, which is outpacing its brick-and-mortar focused rivals in sales growth.

A 45% revenue increase in the three months to May 31 crushed the consensus analyst estimate for 15% growth.

The update showed that even when nonessential stores are forced to shut, people still want to update their wardrobes, particularly those among the younger audience targeted by Boohoo. The company predicts that sales will grow about 25% for the current financial year.

“What pandemic?” Bernstein analyst Aneesha Sherman asked in a note. A 60 basis-point improvement in gross margin during the quarter was unique to the sector, she said, citing “lower markdowns than usual, with good demand and a highly responsive supply chain.”

DPD, Delivery Firm, said it expects strong growth to continue, even as shops reopen. It is investing £200m in vehicles, regional depots and handheld devices for drivers to record deliveries.

"I do think the High Street will bounce back from where things are now, but we have to base our modelling on our conversations with retailers and their projections," said Mr McDonald.

"It looks like there will remain a much greater reliance on e-commerce in the future - that's going to be our 'new normal'."

The lockdown brought many people to online shopping for the first time, according to Helen Norman, editor of the industry publication Postal and Parcel Technology International.

"A lot of people have just started shopping online during the pandemic. People are experiencing it for the first time and they're going to stick with it because it's easy," she said.

Thanks for that link Agent777 - worthwhile reading.

Merian selling 10m Boohoo shares is a drop in the ocean to them when they still have more than 121m Boohoo shares.

Looks like Merian Global Investors (UK) Limited sold about 10m Boohoo shares on Wednesday 17 June 2020.

Merian still hold more than 121m Boohoo shares.

Jefferies raises Boohoo price target to 500p from 460p and has a buy rating.

Oops - That should read 28 February 2022 and not 28 February 2020.

£6 share price for reaching revenue of £2.4bn for financial year ending 28 February 2020, for me, is easily achievable for Boohoo Group. That's nearly a 50% uplift on today's share price.

For me, Boohoo could easily double its revenue from £1.2bn to £2.4bn by end of its financial year, 28 February 2022.

Boohoo share price was £3 for revenue of £1.2bn. So revenue of £2.4bn could mean a share price of £6.

It's normal practice to counterclaim on patent court cases.

Goldman raises Boohoo price target to 500p from 490p and has a buy rating.

Barclays raises Boohoo Price Target to 470p from 425p with overweight rating. Overweight means buy.

E-commerce was already becoming a big part of our lives, but the pandemic has accelerated the move, so the prospects are looking good for the online fashion company, Boohoo. The outperformance of tech stocks in the past few months has really stood out, as the firms were able to continue operating in the lockdown, and with Boohoo an essentially online-only fashion house, it should emerge from the pandemic in a strong position. On the other side of the coin, high-street retailers are likely to be under even more pressure, so no doubt Boohoo will take more advantage of that.

The update showed that even when non-essential stores are forced to shut, people still want to update their wardrobes, particularly those among the younger audience targeted by Boohoo. The company predicts that sales will grow about 25% for the current financial year.

“What pandemic?” Bernstein analyst Aneesha Sherman asked in a note. A 60 basis-point improvement in gross margin during the quarter was unique to the sector, she said, citing “lower markdowns than usual, with good demand and a highly responsive supply chain.”