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Birmingham Post
Birmingham Post
Business
Jon Robinson

Boohoo posts first ever UK sales drop as USA and Europe revenue also falls

Boohoo United States United Kingdom Europe

Boohoo has posted its first ever drop in UK sales as the fashion giant struggled to keep shoppers spending.

The Manchester-headquartered group has reported a group revenue of £445.7m for the three months to May 31, 2022, down from the £486.1m it achieved during the same period in 2021.

Its UK sales dipped from £274.6m to £272.1m while its revenue in the rest of Europe fell from £54.4m to £49.6m.

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