H&M and Boohoo warn about supplies ahead of Christmas
Clothing and home retail chain Next warned earlier this week that consumers may have to wait longer to receive goods this holiday season.
Supply chain snags are hobbling European businesses as rising shipping costs, a growing energy crisis, and acute trucker shortages in Britain threaten their ability to meet surging demand heading into Christmas.
Online retailer Boohoo lowered its forecasts for sales and profitability, while H&M reported slowing revenue growth. Both blamed delays in deliveries and the higher cost of moving goods. Boohoo shares plunged as much as 17%.
