Boohoo sales decline as elevated returns plague fast fashion

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Boohoo has recorded a decline in sales against strong comparables year on year.

Boohoo sales dropped 8% to £445.7m in the three months to May 31, but jumped 75% on a three-year basis compared with the pre-pandemic period.

The fashion group, which owns brands including Boohoo, PrettyLittleThing, BoohooMan and NastyGal, said that gross demand for its products remained in growth, up 9% year on year.

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