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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

Tears at Boohoo as cost of living crisis brings growth to a halt

Boohoo has invested heavily in US expansion and acquisitions

(Picture: Boohoo)

Fast fashion juggernaut Boohoo today warned sales growth will grind to a halt this year as the cost of living crisis hits shoppers.

The warning came as industry data pointed to the fastest rise in shop prices on record. Boohoo said it hoped to avoid raising its prices but could be forced to by rising costs.

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