Boohoo's profits have fallen over the past year, new figures reveal. The group has been hit by surging costs, high return rates and shifting habits. Boohoo shares fell over 13% in early morning trading; down 78% in the past year.
Boohoo's profits have fallen over the past year, new figures reveal. The group has been hit by surging costs, high return rates and shifting habits. Boohoo shares fell over 13% in early morning trading; down 78% in the past year
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Boohoo laments higher clothing returns and shipping costs as profits sinkThe online retailer sees sales growth slowing further in its current financial year as COVID-linked shipping woes persist and consumer budgets are squeezed by the cost of living crisis.
Source: SkyNews - 🏆 35. / 67 Read more »
Boohoo hit by higher clothes returns than pre-CovidThe fast fashion brand says shoppers are returning clothes at a higher rate than before the pandemic. Boohoo to them They are selling used clothes to everyone. I work at the post office and the amount of returns I have to process a day is unreal. Boohoo, pretty little thing and many other retailers. Same people are returning stuff regularly. Their clothes are like rags.
Source: BBCNews - 🏆 3. / 97 Read more »
Boohoo hit by higher clothes returns than pre-CovidThe fast fashion brand says shoppers are returning clothes at a higher rate than before the pandemic. Boohoo to them They are selling used clothes to everyone. I work at the post office and the amount of returns I have to process a day is unreal. Boohoo, pretty little thing and many other retailers. Same people are returning stuff regularly. Their clothes are like rags.
Source: BBCNews - 🏆 3. / 97 Read more »
Boohoo laments higher clothing returns and shipping costs as profits sinkThe online retailer sees sales growth slowing further in its current financial year as COVID-linked shipping woes persist and consumer budgets are squeezed by the cost of living crisis.
Source: SkyNews - 🏆 35. / 67 Read more »