It has been revealed that online fashion retailer Boohoo has seen its shares grow significantly following reports that sales in America are storming and hopes that the weak pound will help boost exports even more.
Nearly at record highs, figures show that the company’s stock has grown 19% in two weeks, taking the value of Boohoo to £820 million.

An analyst at stockbroker Shore Capital, George Mensah, commented: “The market was already expecting Boohoo’s US sales growth to be quite strong. But the feeling is that they will surpass those expectations.”
Chief executives Mahmud Kamani and Carol Kane, who run Boohoo will be releasing its first half results at the end of September.