Boohoo warns suppliers of late payments as cash crisis deepens
Boohoo warned suppliers payments may be delayed as mounting losses, falling sales, and a costly borrowing facility strain cash and damage supplier relations.
Fast fashion's quick decline: Asos and Boohoo have that post-Covid feelling
Asos and Boohoo face steep declines as pandemic-era online growth unwinds, leaving large inventory costs, falling margins, and strategic pivots away from fast fashion.