RE: Frasers purchases19 Sep 2023 12:14
Exactly pedro61 - back in 2015 Boohoo was the first cheapest online fast fashion company, 8 years later, there's so many offering cheaper prices to Boohoo. And there'll be more and more.
Plus there's the cost of living crisis, high interest rates, high inflation and clothes are not a priority.
Boohoo lost nearly 2m customers in fy 2023. In fy 2022 they had 20m customers. In 2023 Boohoo's customers went down to 18m.