Boohoo to supply U.S. market from UK

LONDON (Reuters) – British online fashion retailer Boohoo (LON:) 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.