Koovs manages to reduce pre-tax losses but sales decline

Indian online fashion retailer Koovs has reported 25 percent drop in its annual sales, while pre-tax losses for the 12 months to March 31, 2018 of 15.3 million pounds (19.6 million dollars), a reduction of 22 percent compared to last year. Gross sales declined by 22 percent to 14.8 million pounds (18.9 million dollars), reports Drapers. The company’s wholesale revenue for the year were down 29 percent to 6.4 million pounds (8.2 million dollars).