How Boohoo plans to get back to growth – with help from Debenhams
Fast fashion retailers continue to grapple with the ongoing cost-of-living crisis and its effect on consumers as well as a resurgence of physical retail with shoppers heading back to physical stores.
Boohoo is no different as it slumped to a £91 million pre-tax loss in the year to the end of February this week.
The group, which owns brands including PrettyLittleThing, Nasty Gal, MissPap and Boohoo itself, said its profits fell due to dampened consumer demand, as well as rising operating co
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