LONDON (Reuters) – British online fashion retailer Boohoo said it will supply its customers in the United States from the UK, rather than its U.S. centre, resulting in a write-down.
It said on Wednesday it would provide further details at its half-year results, adding that the write-down on its balance sheet would be against the investments and costs associated with the distribution centre in Pennsylvania as well as certain one-off exceptional cash costs.
(Reporting by James Davey; editing by Sarah Young)
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