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Boohoo sales slowdown: Shares in fast-fashion group slide as profits slump

September 30, 2021

Via: Sky News

Sales growth in the three months to the end of August slowed to 9% compared with the previous year, a sharp slowdown compared with the 32% growth rate seen in the previous quarter.

Boohoo also warned that it faced higher supply chain bills and wages for warehouse workers to add to the swelling costs that took a chunk out of profits for the half-year – helping them fall by 64%.

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