Clothing & Shoes

Boohoo losses hit £160m amid sales slump

The group attributed its sales decline to an increased focus on profitability, as well as the growth of its commission-only revenue model

Boohoo losses have widened to £159.9m in its full-year results, up from a previous loss of £90.7m, as revenues fell amid a challenging market backdrop over the period.In the year ended 29 February 2024, revenues fell by 17% to £1.46bn, down from £1.77bn the prior year. 

Check out our free weekly podcast

Back to top button