Prettylittlething reports £6.5 million loss as Boohoo faces declining sales
Boohoo's financial troubles are highlighted as its brand Prettylittlething reports a pre-tax loss of £6.5 million for the year ending February 2024, down from a profit of £22 million the previous year. Revenue also fell significantly from £634.1 million to £475.8 million. Nastygal and Warehouse also faced steep declines, with Nastygal's revenue dropping from £67.3 million to £24.1 million and Warehouse's from £22 million to £6.7 million. Both brands reported increased pre-tax losses. Boohoo's overall revenue decreased from £1.76 billion to £1.46 billion, with pre-tax losses widening from £90.7 million to £159.9 million. The company continues to navigate a challenging market environment.