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Birmingham Post
Birmingham Post
Business
Jon Robinson

Boohoo hit by delivery delays as sales take huge cut

Boohoo has revealed a huge drop in sales as extended delivery times and the cost of living crisis continued to bite.

But the Manchester-headquartered fashion group said it would still hit expectations during its financial year despite the massive drop in sales during the last few months of 2022.

In a statement issued to the London Stock Exchange, Boohoo said its UK and US divisions had driven an 11% fall in sales across the group in the four months to the end of December.

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