Boohoo has posted a drop in revenue in its year-end results, but said it was making progress on a return to growth in the second half of next year.
The pressure of the cost-of-living crisis and increased competition saw profits halved, with adjusted EBITDA at £63.3m, down 49% for the period, with an adjusted EBITDA margin of 3.6%.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.