Boohoo Group, the London-listed online fashion retailer, announced that it has downgraded its fiscal 2024 revenue targets due to a slower recovery in sales volume than originally anticipated. As a result, the company expects its revenue for the year ending February 28 to decline by 12% to 17%, a significant deviation from their previous guidance of flat growth or a slight … [Read more...] about Boohoo Group Lowers Revenue Targets for Fiscal 2024
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Auto1 Group Faces Decline in Sales and Lowers Expectations
Shares in Auto1 Group have seen a significant decline today following the company's report of decreased units sold in the second quarter, as well as a downward revision of their sales expectations for the entire year. As of 0950 GMT, shares were down 9.45% at EUR8.87. According to Auto1, they sold 141,682 units in the quarter, representing a 15% decrease compared to the … [Read more...] about Auto1 Group Faces Decline in Sales and Lowers Expectations
