Four stocks you should sell as interest rates rise

Ms Lund-Yates added that low consumer confidence could also hurt the business as shoppers cut back on spending to cope with the cost of living crisis.

“Boohoo customers are starting to return items more often, which suggests people are starting to realize they don’t need so much ‘out’ clothing.”

Boohoo, once a darling of the stock market, has lost almost half its value this year.

Moonpig

Ms Streeter said card seller Moonpig, which listed on the London Stock Exchange last February and has since fallen 67 per cent, was also vulnerable to further falls.

“They invested heavily in marketing because they needed to build awareness of their brand,” Ms Streeter said.

“But with the cost of living crisis and many consumers now being encouraged by higher interest rates to save more, it will be increasingly difficult to convince people to spend £5 on a card when you can get similar products elsewhere at much lower prices. “