Online retailer Boohoo sales drop 11% in Christmas period

For its financial year, Boohoo said adjusted core earnings would be in line with market expectations.

The weaker trading, which echoed a sales fall at online-only peer ASOS, is in contrast to a stronger performance from more traditional retailers

Online fashion retailer Boohoo said revenue fell 11% in its key Christmas trading period, hurt by delivery disruption and tough comparatives, as it broadly stuck to annual guidance.

For its financial year which ends on February 28, Boohoo, which sells clothing, shoes and accessories aimed at 16 to 40-year-olds, said adjusted core earnings would be in line with market expectations.