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Rebs, what a sanctimonious, obvious, useless waste of everyone's time, including yours.
I do not think people here need to hear you preach about the kind of world we live in......do u see yourself as some kind of SJW (social justice warrior). Do u make your own clothes from hemp?
What was the point of this utter twaddle?
It's hard if not impossible to find a 'morally viable' investment these days. You can invest in BAE systems, or go for Tesla imagining the latter to be 'good'. Well not when you consider the massive environmental impact of mining for the batteries which power their cars. Humanity is screwed.....that's not news pal. Why are u moaning on the BOO board and asking people if they sleep at night.
I apparently 'deramp' BOO because my positing these days has been espousing a negative viewpoint. I watch with extreme interest the saga as it unfolds because although I haven't owned any for a few months, BOO made my life what it is. I do not have an agenda to buy or push the price any direction. I just have my say and enjoy the debate. Is my action in posting somehow immoral?
what a pointless conversation u have invited. Seems like u just wanted to have a cry and a whinge about the state of the world. Did it make u feel better? do u think u achieved something? Did u assuage your suffering at the hands of this cruel world and the evil of men? LOL. Instead of moaning, like so many protesters and blame culture millenials, why don't you do something about it.....perhaps post how u help the situation.
I am buying food, preparing parcels and giving them out in Thailand to people who can't feed themselves because of COVID restrictions- hows that?
but u whinge whinge whinge. enjoy yourself
Would be interesting to get the views of those deramping like deranged hyenas what they think of the UK govt today announcing it will continue to supply ARMS TO Saudi Arabia, despite repeatedly recognising grave war crimes by Saudi Arabia against the people of Yemen?
In case people are wondering how this links to Boohoo, this is all about (lacking) values, morals, ethics and saying one thing but doing the exact opposite, and has everything to do with hypocrisy and gross double standards. Never mind Boohoo, this govt stinks to high heaven!
These days without exception everyone is passing the buck. Even BoJo blaming care homes for not properly following guidelines - for goodness sake! . No one wants to take responsibility and own up. Prince Andrew and his misadventures with teenage girls, Cummings breaking lock down and testing his eyes, Johnson presiding over the deaths of 60,000+, Patel bullying her subordinates, Jenrick pushing plans through for Desmond, the list is endless! And then within days we move on to the next news story. Even those deramping and calling out Boohoo couldn't give a flying fudge about where the clothes they wear come from. They are only interested in getting in cheaper and will run their own nan over for an extra quid.
You think Next and Asos are squeaky clean?! Think again. Even these so called influencers who haven't got two GCSEs to rub together... Happy to promote £6 dresses and then are suddenly 'shocked' to find out the person who made that dress got paid £3.50 per hour... Ffs doh!
Business is dirty.
Politics is even worse
Very few genuine people left on this planet sadly.
Boohoo may recover may not and will take care of itself.
Just look within yourself, and when u place your head on your pillow every night, just make sure you can do so without a guilty conscience.
I have two friends with daughters aged in late teens and early 20's. They say there is a constant supply of parcels coming from various companies like Pretty Little Thing - they wear something and once they have been seen in it (particularly on social media) they won't wear it again. It's why companies like this thrive, the youngsters buy cheap then throw it. And I don't believe either of the girls will even think about how it's made to be honest.
Slaves not paid but given food and shelter.
Try and afford food and shelter on £3.50 an hour, it's worse than slavery.
You need to look up the definition of slavery mate: it does not involve paying money to the labour. The alleged £3.50 is very low rate and illegal but it ain't slavery.
That's so true BM. Most people don't think about it a) because it's all they can afford, or b) because they want their wage to stretch further. Who can blame them in a way? Normal working class struggle to make ends meet. Boohoo have never (to my knowledge) "pretended " to be ethical. On the other hand, I was fooled by Joules, who I believed to be "British". (well technically they are). I'm lucky enough to be able to afford to pay £40 for a scarf and was happy to do so, thinking i was supporting my home economy. Yes, there is a tiny hidden label in each item that says "made in China" but i never felt the need to question it - until Covid hit. They have great marketing people that mislead. Boohoo can genuinely label their clothes "Made in Britain". It's all ****ed up. I just won't be surprised to see this share back near it's "norm" soon.
But now Next are implicated (and they must have read last years FT article), i'll keep an eye out to buy in there. Their SP has always been out of my league..........
I dnt know anybody who would buy anything if they knew for definite something had been made with slave labour.I am so glad that the government is trying to get to the truth.The guilty will have no hiding place.This strikes at the core of what this country stands for.Slavery has and always will be against all Human decency.Anybody that has treated people so inhumanely deserves a harsh punishment.
That's true BM.
I agree Taverham. I work in the marketing sector and we have exactly the same issues. It's rotten to the core, everything. There is so little value to anything (or anyone) now. Much as i would love to be able to use this platform to put the world to rights, my main point is - will this actually, in the long run, really affect the share price? Probably more so now as we are not in "the normal". But once those night clubs open and those girls want to look their prettiest at the cheapest price, on a Saturday night, this press coverage will mean diddly squat to them. And hey, if the company value drops so low the directors can't pull in their £££millions bonuses, that doesn't matter either. They'll just join big brother in San Francisco under the Pretty Little Thing banner. All the Boohoo shareholders will lose their investments but the kids will still keep buying................ :0(
People have known for years about the rag trade - the clue is in the name! I'm somewhat boggled by the virtue signalling twaddle peddled by some posters on here; people who are presumably very happy to consume all manner of goods produced by actual slave labour in far off lands.
Mailgirl1, Construction works in the same way on many contracts , with many clients effectively screwing over contracting companies by the same priciples but on larger contracts. Just look at the number that have run into trouble recently and had to raise cash or go bust; Costain and Keir raised cash and 22 others including carillion went bust in 2019 and that was before covid. I am not defending wages below minimum living wage or bad practices but I find it a bit hypocritical when the likes of amazon start to claim the high moral ground- ffs.
Great links, thanks for sharing. The FT article went on to say that all suppliers are called in once a month, in the same room, to "bid" on items of clothing. So they will hold up a dress (for example) and say "how much to make this?". Cheapest bid wins. Not only are the workers exploited (mainly eastern Europeans) but the companies go bust frequently and phoenix, to save paying tax/suppliers etc. They can't possibly make these items for such a low cost without screwing someone over. Never mind, Boohoo family still own Pretty Little Thing and another big name brand, that I forget it's name now.
There's a web site called "Made In Britain". It costs about £25 for a basic T Shirt but it's all ethical. Why spend that on a basic item when you can go out for 2 weeks in the latest fashion for the same money. Sadly, this is just a case of supply meeting demand.
This may be old news but it resonates with today’s agenda over historic slavery . Yes it’s unfortunate timing for BOO and others will probably feel relieved it’s not them in the spotlight, but they only have themselves to blame.
Actually happening quicker than I thought, the distancing is going to continue! Timber!
They could spend it buying shares -
Now Amazon drops Boohoo amid Leicester factory claims -
Sorry I meant May 2019
I can't understand why all this fuss now. The FT Weekend published this last May, it featured in their magazine. If you want the latest fashion item, delivered tomorrow, for less than a tenner, how else is it going to be produced? I was shocked last year when I read the FT article but i came to realise that's just the way this country ticks. Especially when I later read an article on how many tonnes of clothes were dumped each year. It's disgusting and it's wrong, but this is yesterdays news. I hope it will mean change - but sadly, I doubt it