Inflation deepens losses at online fashion group Boohoo

By Agence France-Presse

May 10, 2024 12:01 am

LONDON – British fast-fashion retailer Boohoo, whose brands include Karen Millen and PrettyLittleThing, reported on Wednesday a near-doubling of annual net losses caused by high inflation and weak demand.

The online retailer announced a loss after tax of 140.9 million pounds ($176 million) in its financial year to the end of February.

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