Boohoo warns profits impacted by higher returns rates and international delivery disruption

Boohoo has issued a profit warning in its latest trading update, blaming significantly higher returns rates impacting net sales growth and costs, as well as continued disruption to its international delivery proposition hitting international demand. It said that net sales are being impacted by returns rates that are 12.5 percentage (more…)

Post-Christmas returns expected to hit almost £4 billion in January

Post-Christmas returns could hit almost £4 billion, according to ParcelHero. UK shoppers are predicted to return 10% of their online Christmas purchases this year but return dates vary greatly among retailers, according to ParcelHero. Its research shows that stores including Amazon, ASOS, Debenhams, Gap, The White Company and Warehouse, give (more…)