Online fashion retailer boohoo (LON: BOO) reported a 17% decline in full year revenues with a reduction in all the geographic regions. The share price initially fell but ended the day slightly higher at 35.26p. This is still well below the original flotation price in 2014 and it may take time for a more substantial recovery.
The UK sales decline of 15.6% was not as sharp as expected, but elsewhere trading was worse than forecast. European sales were one-fifth lower, while US sales fell by 17.8% due to long delivery times. The rest of the world revenues were nearly one-third lower. Active c...
