Home Industry Online retailing – losing its shine?

Online retailing – losing its shine?

by Underlines

The UK’s online pandemic winners are losing their shine thanks to shoppers returning to stores, surging costs, supply issues, labour shortages and higher wages. The woes of many online sites have resulted in plunging shared prices across the sector, which have wiped millions off the value of businesses that just a year or so ago were soaring.

Retailer Sales Profits Share Price as compared to one year ago Period Covered
ASOS 1% -118% -80% Year to 31.08.2022
Boohoo -10% -13% -82% Six months to 31.08.2022
In The Style 28% -85% -89% Year to 31.03.2022
N Brown Group -4.6% -46.9% -49% Six months of 27.08.2022

 

 

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