Caveat: €58m bonus play of Boohoo's Irish chief could become a crying game
Inflation has slowed the online fast fashion retailer’s growth
Source: irishtimes.com
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Inflation has slowed the online fast fashion retailer’s growth
Online fashion retailer Boohoo has hit some major bumps in the road as the Vaccine Economy takes shape.
Boohoo's annual pre-tax profits slumped to £7.8m, down from £124.7m a year earlier, amid sky-high freight and distribution costs and dwindling shopper demand.
Boohoo group total group sales +61% since FY2020
Statutory full-year profit before tax at Boohoo Group was GBP7.8m (US$9.7m) for the year ended 28 February, down 94% on the year prior.