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Birmingham Post
Birmingham Post
Business
Jon Robinson

Boohoo slumps to £91m loss as the cost-of-living crisis squeezes shoppers

Boohoo lost more than £90m during its latest financial year as the cost-of-living crisis squeezed shoppers.

The Manchester-headquartered fashion giant has posted a pre-tax loss of £90.7m for the 12 months to February 28, 2023, compared to a profit of £7.8m in the prior year and £92.2m in the period before that.

Its revenue also slipped from £1.98bn to £1.76bn over the year although the latest figure is still ahead of the £1.23bn it reported in 2020.

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