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Next will.be getting told that only Tesco and Asda etc had to introduce the following and all smaller shops had been exempt.
"A 5p charge for carrier bags was introduced in English supermarkets in 2015. In 2021, the charge was increased to 10p and extended to all businesses"
Trouble is with government interventions like the suggested tax is creep. Once they have a system up and running to take cash they almost always expand and stretch further.
The french are masters at protecting their own interests, thats all this about. they are not really interested in the environmental impact at all.
"It’s unclear how the tax might apply to boohoo. Reports suggest that it’s the ultra-fast fashion retailers, like Shein, that are the intended target of the new law."
Read the articles posted Spidy before you wade in with your negative nonsense. "Ultra" are the target. But, at the moment there is no meat on the bones, but if BH get levied then the likes of Gap, H&M, maybe Next etc could too. Not always about price but uploads too.
Just take a look at that share price and think back who has preached on here for month after month that the 'ship was turning'.
Plain and simple. It hasnt.
Its carp.
Yet the incorrect ramper who held all the way down STILL goes on and on relentlessly, trying to control the narrative and deny the reality, making outh that the 'ship' os sailingnon perfectly calm clear waters.
In the real world it isnt.
DYOR (and check the chart/history/sp), but dont get taken for a bigger fool than the deluded poster who's been asleep for years now.
Shein flying the goods from China will be the target from a CO2 perspective. This is a shocker for them.
Beware surcharges on the sale of each item - if approved...
https://www.fool.co.uk/2024/03/18/is-the-writing-on-the-wall-for-the-boohoo-share-price/
Spidey you talked about daily red flags and so far you have a law which may not happen, bad weather which actually benefits online and a moving average that could reverse in the next week.
It's hardly a list of daily red flags is it
And nowhere near as compelling as the potential positives
Maybe you should invest more than just your time here
Not looking good for Shein:-
Could be banned in France
De minimis law in US will make their business case a catastrophe
Being sued by multiple companies over copyright issues
Etc etc…
Shein and Temu
Like a door salesman trying to flog windows speaking to you
"Online always does better when the weather is crap as people can't be bothered to go out"
Tradey people also don't go out as in out in the evening wearing new clobber when the weather is dire and the online sales platter is saturated with alot more choice than at "Covid"
Can not see what the share price is at ?
Oh dear Spidey now you are clutching at straws.
Online always does better when the weather is crap as people can't be bothered to go out.
Why bother posting nonsense you can't back up.
Maybe let's talk about the recovering economy, the falling energy bills, the rising real incomes or maybe even the February website stats where Boo group spanked ASOS and Shein.co
.UK
But no, let's obsess about a law that may not come into effect next year and may or may not affect Boo.
It still wouldn't affect you as you have no investment here Spidey so why worry
Jeeeez!!!
Ultra-fast fashion is marked by even faster production cycles, blink-and-you’ll-miss-it trends, and poor labour practices. Brands like Shein, Boohoo and Cider are liberated from the concept of seasonal collections. Instead they are producing garments...
Read more at: https://www.deccanherald.com/lifestyle/fashion/ultra-fast-fashion-is-a-disturbing-trend-undermining-efforts-to-make-the-whole-industry-more-sustainable-2940193
Daily red flags you said Spidey, is that the best you can do.
Cracking weather again and fast fashion must be selling in droves ermmmmm??
Hasn't it,been reported that just recently reg the wettest so and so
"The bill aims to clip the wings of not just Shein, but any ultra-fast fashion brand."
The word there is 'ultra' shein on average upload 7200 new units per day, BH upload circa 200 per day.
That's funny as only a few days ago it breached under the 200 day did it not ?
And you are still avoiding the question
You talk about daily red flags, but it seems you can't post any.
Honesty isn't really your thing is it Spidey
"The bill aims to clip the wings of not just Shein, but any ultra-fast fashion brand"
Must be placed by the shorters I guess 🤫
Blimey Tradey!
HOME|FASHION|NEWS
Could This Landmark Change In Law Be The Beginning Of The End For Fast Fashion In France?
The bill aims to clip the wings of not just Shein, but any ultra-fast fashion brand.
Shein
By Natalie Hammond | Updated4 Hours Ago
You can currently buy a corset for £9.99, a tie-dye tank top for £5.99 and a pleated denim skirt for £12.99 on Shein, one of the most notorious for some, popular for others fast fashion behemoths to come out of China. But after a landmark decision in France, whose lower house of parliament unanimously approved a bill last week to impose a penalty on items of clothing made by fast fashion retailers, the hope is that, soon, the knock-on effect will be that consumers will think twice before hitting that seductive 'add to basket' button.
The bill aims to clip the wings of not just Shein, which it mentions by name, but any ultra-fast fashion brand who floods the market with enormous quantities of 'less than premium'-quality clothing that is manufactured at allegedly lightning speed often to the detriment of its supply chain workers, the planet, which is buckling under the weight of our unwanted clothes, roughly 92 billion tonnes a year, and, ultimately, the consumer, who becomes a part of the problem as they're seduced by the over-incentivised practices used by these websites, ending up with a haul after a frenzied shopping experience involving numerous countdown timers and discount-code banners. (In a statement to AFP, Shein said 'it follows best international practices in terms of sustainable development and social commitment.') If the law does come into effect after going to the senate, these companies will essentially be hit with an environmental penalty as a step towards counteracting the havoc their business models are perceived to have wreaked. According to The Guardian, 'A surcharge linked to fast fashion’s ecological footprint of €5 (£4.20) an item is planned from next year, rising to €10 by 2030. The charge cannot, however, exceed 50% of an item’s price tag.'
SheinSHOPPERS WITH CARRIER BAGS FROM SHEIN ©GETTY
In a statement to Reuters, Shein responded that a serious repercussion of the bill would be to, 'worsen the purchasing power of French consumers, at a time when they are already feeling the impact of the cost-of-living crisis.' And while it's true that a lot of consumers simply cannot afford to buy expensive clothes because of their economic circumstances, Shein woefully neglects to mention the fact that the amount of clothing it produces (7,200 new garments a day, according to the bill) and the way its website operates, encouraging users to buy as much as possible, negates that very argument. Shein, and brands like it, aren't apparently catering to a woman making a minimum wage who's struggling to pay their bills every month, but the student on a budget who needs something new to wear out this weekend. What it has done, so insidiously, is to effectively
Well what’s going to happen to Shein then? Boohoo has 13 brands not all fast fashion so has a moat but Shein will be bankrupt in France as they have 7,200 new lines a day! So I’d say Shein are the ones who will lose the most….
Is it Spidey, do you have an inside track on French legislation?
But that wasn't the question
You.mentioned daily red flags, still waiting for you to post a few
You say they are daily, so it shouldn't be difficult
“every fast-fashion purchase”??
Lol nah nah nah it's just all about the Goliath that is Shein that folk on here peddle 🤦♂️
Boo must be ermmm "slow fashion"
Gonna be applied to Boo Tradey.....you may not of noticed but Boohoo is (very large cough) "Fast Fashion"
The bill was initially launched by conservative law maker Antoine Vermorel-Marques from France’s Les Républicains party. The fast fashion “kill bill” was introduced to the French National Assembly last week, proposing a €5 levy on “every fast-fashion purchase” to address environmental concerns and bolster support for the French textile industry.
Spidey maybe you could share a few of these red flags.
Shouldn't be hard if they are "daily'. Or even weekly