Boohoo dives into debt as losses soar to 160m and sales slump
Briefly

from www.theguardian.com1 week ago
Boohoo cuts over 1,000 jobs, laments widened losses and decreased sales by 13% due to fierce rivalry with Shein and post-pandemic high street resurgence.
www.theguardian.comhttps://www.theguardian.com/business/article/2024/may/08/boohoo-dives-into-debt-as-losses-soar-and-sales-slump
Net debts of 95m accrued, contrasting the previous year's 6m net cash, attributed to losses rising 76% to 160m amidst market difficulties and weakened demand.
www.theguardian.comhttps://www.theguardian.com/business/article/2024/may/08/boohoo-dives-into-debt-as-losses-soar-and-sales-slump
Read at www.theguardian.com
#boohoo #financial-challenges #market-competition #job-cuts #debt-increase
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