Online fashion retailer, Boohoo, saw a 17% fall in sales in the last year.

The firm's losses hit almost £160m, as sales fell to £1.46bn for the year to February 29, as reported by Retail Gazette.

Boohoo said the sales decline had slowed from 9% in the first half to 4% in the second half across its five core brands - Boohoo, BoohooMan, Debenhams marketplace, PrettyLittleThing and Karen Millen

It said there was "strong growth" in the Debenhams marketplace - a "capital-light, stockless model". To improve profitability in its non-core brands, it has been moving them over to the Debenhams marketplace.

The retailer invested £64.8m in infrastructure for future growth, including its warehouse automation project, which it said will help deliver £125m in cost savings over the coming year.

Boohoo said it is "well positioned to return to growth".