Boozt continues strong momentum now expecting growth in the upper end of 2021 outlook
November 30, 2021 at 12:31 pm IST
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October and November delivered ahead of expectations and net revenue growth for 2021 is now expected in the upper end of the 27.5-32.5% range. The adjusted EBIT margin outlook is maintained at above 5.5% indicating a higher absolute adjusted EBIT for the year.
“The Modern Nordic Department Store strategy continued to unfold with strong growth across all our categories Kids, Sport, Beauty and Home as well as strong growth in the classic Women and Men’s fashion. We have experienced growing momentum in the first two months of the fourth quarter and Black Friday week itself had a positive development compared to last year, and showed record sales. We welcomed around 125,000 new customers during the Black Friday week. With the recent expansion of the fulfilment automation our colleagues in Ängelholm, Sweden handled the most busy period of the year impressively, and set a new record for numbers of orders handled per hour with ~8000 during peak.”
Boozt AB is a Sweden-based company engaged in the provision of e-commerce solutions for the apparel industry. The Company offers customized e-commerce software and services that create e-commerce platforms, namely Boozt.com and its mono-brand stores, that are fully hosted and managed. Its software includes Propilot, a Web shop management administration system that enables changes to Web shop content; Podium, a front end module which ensures optimized user experience for users on mobile devices; Fastlane, a warehouse management system (WMS) that runs fulfillment processes in warehouses and integrates them with distribution partners; CS Eye, a customer overview service; and Brand Portal, a business intelligence (BI) service suite. Its services include the development of an initial strategy, building an online shop, fulfilling orders, handling returns, running ongoing campaigns and acquiring and retaining customers.