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Evening Standard
Evening Standard
Business
Simon Hunt

Boohoo warns on profits after sales slide

Boohoo Mahmud Kamani

Boohoo sales have fallen a tenth as the company also swung to a loss (Boohoo/PA)

(Picture: Boohoo/PA)

Shares in embattled online fashion retailer Boohoo tanked 6.4% in early trading this morning after the company sounded the alarm on profits and warned sales were on a downward trajectory.

Revenues at company firm fell 10% in the six months to August to £882 million, with a similar decline in sales expected in the next six months, the firm said.

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