Online womenswear retailer In The Style, known for its collections with celebrities, has put out a profit warning after supply chain disruptions.
Shares fell 18.4 per cent, or 36p, to 160p, despite a 45 per cent sales leap in April to August.
Warning: In The Style has benefited from higher demand for occasionwear but customers have also been sending back more items
It has benefited from higher demand for occasionwear but customers have also been sending back more items.
The company, led by founder Adam Frisby, said: ‘Increased freight costs and disruption to the timing of shipments are expected to remain for at least the remainder of the current financial year [until March].’
Analysts at AJ Bell said returns ‘could have been reduced if it has stricter rules around returns’.
In The Style floated at 200p per share in March.
Frisby quit his job at Burger King to start the company from his bedroom with just £1,000 eight years ago.
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