Higher returns and cost-of-living pressures on customer spending has led to fashion giant Boohoo falling to a loss and its sales slumping during the first half of its financial year.
The Manchester-headquartered group, which also includes the PrettyLittleThing and Karen Millen brands, made a pre-tax loss of £15.2m for the six months to August 31, 2022, compared to a £24.6m profit during the same period in 2021.
Boohoo also reported a 10% drop in its revenue to £882.4m.
