Clothing & Shoes

Boohoo profits halve in FY22

Despite the profit hit, the group said it is now in a ‘leaner, lighter, faster’ inventory position, with inventory falling by 36% in FY22

Boohoo has seen its profits fall by 49% to £63.3m in 2022, with revenues falling to £1.8bn, down by 11% against last year, though up by 3% on 2020.

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