07-01-2015 13:11 via news.yahoo.com

Profit warning hammers shares in retailer Boohoo.com

By Neil Maidment LONDON (Reuters) - Shares in British online fashion retailer Boohoo.com plunged by almost half on Wednesday after fierce discounts across the industry hit sales and forced it to slash full-year profit forecasts. The company, which listed on the stock market in March, blamed price cuts by high street rivals looking to shift jumpers and coats following a warm autumn season for slowing demand in the run-up to Christmas. ...
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