UK’s Boohoo weathers supply chain failings with 32% jump in sales By Reuters
LONDON (Reuters) - British online fashion retailer Boohoo weathered negative publicity over its supply chain failings, reporting a 32% rise in sales in its latest quarter, benefiting from rising demand as lockdown restrictions eased and the integration of new brands. Boohoo, which sells clothing, shoes, accessories and beauty products aimed at 16 to 40-year olds, said revenue rose 32% to 486.1 million pounds ($686.8 million) in the three months to May 31 compared to the same period last year. "I am delighted with our performance in the first quarter, particularly as it was always going to...
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