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Well all i want to know is with all of his expert spreadsheet reading ability how did he not once predict that boohoo were and still are doing record sales?
And how does one not realise that online shopping now having 28 percent of the market instead of 19 percent is a massive positive?
Wow now they have Jack Grealish The Manchester City footie star, may get the odd sale there... nice one Boohoo
https://www.google.co.uk/amp/s/www.thescottishsun.co.uk/tvandshowbiz/celebrity/7900769/jack-grealish-lands-six-figure-boohooman-deal/amp/
That should drive some attention. Got to wonder when one of the directors maybe opening their wallets at these prices now
"Online spending values increased in September 2021 by 0.5% when compared with August 2021, largely because of an increase in department stores sales values (3.8%). The monthly increase in online spending values resulted in a slight increase in the proportion of online sales, which increased to 28.1% in September 2021, from 27.9% in August.
This remains far higher than the proportion of online retail spending in February 2020, before the coronavirus (COVID-19) pandemic, of 19.7%, although it is below the peak pandemic level of 36.6% reached in February 2021."
@@@@@@@@@
Very interesting figures above, pre pandemic online shopping rate was 19.7pc then mid pandemic it hit 36.6pc but have now settled at over 28pc.
This is an absolutely massive boost to online spending when put into perspective - it means online retailers revenue will go up by 30 percent against pre covid ....
When you consider boohoo was comfortably growing above the guided 25 to 30 percent growth per year with online having under 20 percent of shoppers online you then start to realise what's really happening....
Covid has accelerated the move to online shopping....
No wonder boohoo made this statement..."Consumer demand has been improving through August, principally in the UK but also in key overseas markets such as Ireland and France, where there has been a re-acceleration in the rate of growth. This has again improved in September, where the rate of gross sales growth has increased compared to that achieved in the second quarter of the financial year.
Our expectation is for full year sales growth of 20% to 25%, implying sales growth of 20% to 30% in the second half of the financial year. As we have indicated above, we have seen a re-acceleration in the rate of growth compared to that achieved in the second quarter."
"Online spending values increased in September 2021 by 0.5% when compared with August 2021, largely because of an increase in department stores sales values (3.8%). The monthly increase in online spending values resulted in a slight increase in the proportion of online sales, which increased to 28.1% in September 2021, from 27.9% in August.
This remains far higher than the proportion of online retail spending in February 2020, before the coronavirus (COVID-19) pandemic, of 19.7%, although it is below the peak pandemic level of 36.6% reached in February 2021."
*sales
Kallu posted....
"Kallumama
Posts: 1,973
Price: 193.05
No Opinion
RE: UK retail sales looking direToday 10:57
"You mentioned September retail numers..... Boohoo seem to be doing just fine in sept...."
They mentioned they will do higher growth and then gave a profit warning
Again, have you read the retail report? Please tell me what you have read and what the numbers are."
I replied....
"I’ve had a scan through the ONS report now and my favourite part from the summary is this:
"‘Despite relaxation of COVID-19 restrictions in summer 2021, in-store retail sales remain subdued; the proportion of retail sales online rose to 28.1% in September 2021 from 27.9% in August, substantially higher than the 19.7% in February 2020 before the pandemic.’"
So shop slaes are subdued by ONS figures but Kallumama thinks he knows different?
Just added some at 188.45p ... lets see where this finishes up today!
Obviously people weren't fooled by the headline and actually read that asos were far worse off than boohoo.... "asos getting hammered much worse than us today"
It's lovely how uk rags love to destroy company value....
asos getting hammered much worse than us today
Guess who’s back in boohoo.
With 20-25% rev growth and above Boo holders should do just fine the next couple of years. Arguing that Primark is any competition for BOO is laughable.
Cross reference the below statement for on online sales with what boohoo have stated.....
"Despite relaxation of COVID-19 restrictions in summer 2021, in-store retail sales remain subdued; the proportion of retail sales online rose to 28.1% in September 2021 from 27.9% in August, substantially higher than the 19.7% in February 2020 before the pandemic.’"
Boohoo state. "This has again improved in September, where the rate of gross sales growth has increased compared to that achieved in the second quarter of the financial year.".
This seems to marry up well with the official ons figures.....
What do people not understand here?? The statement below is pretty damn clear..... Oh hang on unless you're pulling numbers from the sky like a certain poster here.....
"Despite relaxation of COVID-19 restrictions in summer 2021, in-store retail sales remain subdued; the proportion of retail sales online rose to 28.1% in September 2021 from 27.9% in August, substantially higher than the 19.7% in February 2020 before the pandemic.’"
All of us here know online is going to grow year on year..... WE ALL KNOW LOL
Online retail in the UK
In the retail sector alone, online sales constituted 19.4 percent of all retail in 2019, and is forecast to reach higher levels in the next years due likely to the impact of the coronavirus pandemic. ... Clothing and sports goods were especially popular purchases made online.29 Sept 2021