RE: This is Money's View on Boohoo's Results16 May 2023 18:32
Victoria Scholar, head of investments at Interactive Investor, said:
'Boohoo operates in a highly competitive market with a slew of low price point, fast fashion competitors.
'Squeezed household budgets amid the inflationary backdrop means less disposable income among its customers to spend on non-essential fashion items.
'And the e-commerce pandemic era online shopping boom has faded with many consumers enjoying going back to physical stores again last year.'