Boohoo shares plummet as fast fashion star warns of continued sales slump
The online fashion retailer now forecasts adjusted underlying earnings to decline to between £58million and £70million for the year ending February 2024.
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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