Online fashion retailer cut over 1,000 jobs in year to February amid competition from rival Shein and resurgent high street
Shares fell by as much as 6.3% as the business reporting declining revenue
The company said its annual core earnings fell by seven per cent, revenue fell by 17 per cent, and the total value of goods sold fell by 13 per cent, after a tumultuous year in which it made multiple acquisitions.