COVID-19 Impact on The Hut Group and its future prospects
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The post coronavirus (COVID-19) company impact report analyses the impact of the COVID-19 outbreak on The Hut Group & its future prospects.
The group’s revenue is forecast to increase by 30% in 2020, reaching USD1,749.2 mn, riding on the unprecedented rise in demand due to COVID-19.
THG will launch its USD5.9 bn London IPO in September 2020, backed by strong year over year financial performance and technological prowess
Scope
– Many of the trends brought about by COVID-19 have been beneficial to The Hut Group (THG), especially the shift in spending from stores to online.
– and THG’s continued efforts to improve its ecommerce platform will help it register a strong remainder of 2020.
– THG’s customers from international markets have increased due to the optimization of the company’s international sites linguistically, through payment solutions, currency, and courier integrations.
Reasons to Buy
– Use our revised 2020 forecast for The Hut Group to understand how it will perform this year.
– Use our charts to review how The Hut Group's sales are split by region globally and how these regions have been impacted by COVID-19.
– Use our in-depth analysis to review how The Hut Group has responded to COVID-19 and how this will affect its performance.
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