STOCKHOLM (Reuters) – Swedish online fashion retailer Boozt
Boozt and other Nordic retailers are, however, bracing for a pick-up in competition after U.S. e-commerce giant Amazon.com
Boozt said second-quarter sales rose 38% from a year earlier to 1.22 billion Swedish crowns ($140.2 million) as its core platform Boozt.com grew 29% and cut-price Booztlet.com – on which the group has said it is increasing focus – jumped 168%.
Operating profit leapt 146%, to 120 million crowns.
“The migration from offline to online has accelerated and we have worked hard to strengthen our market position,” CEO Hermann Haraldsson said.
“We welcomed more than 300,000 new Nordic customers to our