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Surging demand for floral prints and soft tailored dresses have helped Boohoo post a huge jump in revenue for three months to the end of May. The fast fashion retailer, which also owns PrettyLittleThing and Nasty Gal, said strong block colours and ankle boots had also sold well. Group sales jumped 39% to £254.3m, although Boohoo's lofty profit margins dipped. It came as Zara-owner Inditex posted record sales of €5.9bn for the quarter. The growth contrasts with tough times seen at many other retailers - particularly those focused on the UK High Street. Just this week shares in Ted Baker dived 24% after it posted a profit warning. Meanwhile, the future of Philip Green's Arcadia, which owns ... Full story

12 June