Britain’s Boohoo warns on full-year outlook -Breaking
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© Reuters. FILEPHOTO: This image taken on September 30, 2020 shows a woman posing with her smartphone that displays the Boohoo application in front the Boohoo logo. REUTERS/Dado Ruvic/Illustration/File PhotoLONDON (Reuters] – British online retailer Boohoo stated Thursday that their financial year ended February 28, 2018. They blamed higher returns and delivery disruptions, as well as cost inflation.
The company now expects net sales to grow by 12%-14%, as opposed to the previous guidance of 20%-25%.
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