Boohoo profit halves as the cost-of-living crisis hits fast fashion
Boohoo's profits have halved as shoppers deal with the ongoing cost-of-living crisis and flock back to physical stores post-pandemic.
Source: retailgazette.co.uk
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UK unemployment rises to 3.9%; Vodafone to cut jobs
Stocks in London were called lower on Tuesday, as investors looked ahead to critical US debt talks, set to resume later in the day, while the UK jobless rate rose unexpectedly and Vodafone plans to... | May 16, 2023
Source: marketscreener.com
Boohoo slides to almost £91m loss as cost pressures weigh on shoppers
The retailer revealed sales slipped by 11 to £1.77 billion for the year to February 28.
Source: warringtonguardian.co.uk
Boohoo reports £90.7m loss as cost-of-living bites Prolific North
Revenue also slipped at fashion giant, but was still significantly higher than last pre-pandemic total.
Source: prolificnorth.co.uk
Boohoo confident in recovering from negative year
Online fast-fashion retailer Boohoo Group reported revenue of £1.77bn in its final results on Tuesday, representing an 11% year-on-year decrease.
Source: sharecast.com