Would love them to sell the Oxford St lease and possibly move the business more online, but just my opinion.
I've been in and out of both them stocks, but from my research and opinion Boohoo's price doesn't add up, a lot of the growth seems to be priced in. Would probably re-enter there if it got back close to the 40 mark in the coming months though.
Similar story with Debenhams, think it offers a lot and new leadership might spice the business up, got a close eye here if the SP heads… Read More
Hi All relevant comments below. Indeed the oxford st is quiet and over - spaced, they have got circa 13,000 sq ft, in the 90's the store was bombed out with customers. However that lease is worth somewhere in the region of £15M - £20M, as they have the lease to the whole block and they sub lease. Remember Regent st store is closing and they sold that lease for £2M plus. I would wait before Brexit vote before investing. At the mo it is not the time for investing in retail… Read More
Thanks Moorhey. I mean the upstairs part of FCCN on Oxford St (Women's and Accessories) always seems to have customers in. But, I'm concerned with the mens section? I've never really seen anyone shopping for mens, seems like wasted valuable floor space?
Call me bizarre, but when shopping I look to see to notice how businesses operate, been in the retail game for quite some years, seems to be a strange habit I've picked up.
On several (5+) occasions, I've counted 15+ FCCN staff at the… Read More
Hi JPTRADER - I'm a long-term customer of FCUK and I visit the Oxford Street store often (my current office is above Bond Street tube), and their current merchandise is right on trend and extremely competitively priced (when compared to Ted Baker, Reiss, All Saints etc). Personally, I'm not bothered about the lack of customers in the Oxford Street store. Was in the store this lunchtime (Friday) and plenty of staff were there, and customers buying. The reason the high-street is a bloodbath is… Read More
Hi JPTRADER. The facts are, as stated in previous posts, the high street is an absolute bloodbath at the moment. Worst I have known it since the 2008 crash. So many things against us, terrorist incidents affecting major markets like Oxford st, Brexit and the weather has not been favourable (snow this week). FC's product has got better, but their fight to get back to the black keeps getting derailed. However there are people that want the brand. That much I am 100% certain. Christos getting… Read More
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