Page 6 - John Lyttle News Today

Boohoo said on Tuesday that it swung to a first-half loss as it cut its full-year revenue outlook, sending shares in the fast fashion retailer tumbling.

Online retailer, Boohoo warns of a decline in full-year sales by up to 17% due to reduced spending by cash-strapped customers.

The online fashion retailer now forecasts adjusted underlying earnings to decline to between £58million and £70million for the year ending February 2024.

The fast fashion firm plans to make big cost savings after predicting a big fall in sales.

Londons FTSE 100 grew in confidence as Tuesday morning progressed, going into the afternoon in the green and outperforming European peers. The FTSE 100 index was up 13.74 points, or 0.2%, at...

The online fashion retailer now forecasts adjusted underlying earnings to decline to between £58million and £70million for the year ending February 2024.

On Tuesday morning (3 October), Boohoo Group reported revenues of £729.1m for the first half of the financial year – a fall of 17% compared to the

The fast-fashion company said sales in the 12 months to the end of February 2024 could be down as much as 17% on the previous year.

Sports Direct founder has spent roughly £40 million acquiring shares at the fast fashion site

Umar Kamani founded PrettyLittleThing with his brother in 2012, while his father, Mahmud Kamani, co-founded Boohoo in 2006