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Boohoo Drops First NFT Collection After ‘Higher Return Rates’ Raise Concerns

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Boohoo’s net sales jumped 10 percent to 506.2 million pounds ($670.9 million) in the third quarter, up from the 460.7 million pounds ($610.6 million) in the year-ago period. However, the British fashion e-tailer cited rising product returns as a factor inhibiting sales growth and lowered its full-year earnings guidance accordingly, driving its stock down as…

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