The sneaker and fashion retailer trimmed its outlook after alerting of trading volatility due to higher promotional activity and mild weather in key markets.
Boohoo said Mahmud Kamani would move aside as chairman on the same day that Frasers called for his removal, the latest twist in a spat between the online fashion company and its majority shareholder.
His firm’s collapse wiped $100 billion in market value, prosecutors said.
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The retailer says spending remains sluggish for apparel, TVs and home goods.
