Companies
Online retailer Boohoo sees sales drop 11% over Christmas period
Company blames delivery and distribution problems for decline in revenue
Boohoo, the fast-fashion company run by Irish chief executive John Lyttle, saw its revenue drop 11 per cent in the last four months of 2022, compared to the same period last year.
In an announcement to the markets on Thursday the company said its total revenue in the period fell from £714.5 million to £637.7 million, with the revenues in its biggest market, the Uk, falling from £451 million to £400.8 million.
Its sales in ...