High Street

Boohoo announces sales drop amid cost of living crisis

Gross demand growth was up 9% year-on-year, with net sales impacted by the ongoing normalisation of returns due to product mix change

Boohoo has announced that its revenues declined 8% in the first quarter of 2022, but are up 75% over the three-year pre-pandemic period reflecting multi-year market share gains across the Group’s multi-brand platform.

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