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Clippers are renting a large unit at Hadfield from N Brown and there are rumors Amazon are looking to take space. N Brown recently vacated a mill in Shaw which they were renting, ( believe it or not, from the local Chinese chip shop) it looks to me that N Brown are going to acquire the warehouses vacated by Shop Direct and consolidate most if not everything in one place in Shaw. Just my opinion.
Yes, I think it was Kay’s from whom I acquired my fist smart gear as a teenager in the sixties - never missed a payment. Those catalogue names were massive in their day with instant brand recognition for many people, but today they are largely consigned to history. My view is that this company - or its brands - have too low a profile, even if a lot of Money has been spent. At least on that basis there is plenty of scope to grow recognition and subsequently revenue.
I look at revenue and profits when deciding to buy shares Rather than names and gimmicks .
Bwng have gone through a transition from retail shops to 97% on line digital sales. They haVE done Extensive research and gone with the trends for online shopping. Very Good timing as it turns out with covid killing high street Footfall. The transition is pretty much complete and Recent full year Results they made £35mill pre tax profit - £27million profit after tax. The mcap is only £105mil...
I’m in boohoo as well after buying recently at 2.27p And its gone very well so far... The boo profit After tax is £72mil - 2.6 times higher than bwng - but the Boo mcap is £3501million - 34 times higher than bwng. -
J d Williams/nbrown used to be a direct competitor to the Kay’s and littlewoods etc catalogue brands. For years these companies were ahead of the game with home delivery and free returns and allowing customers to buy the products by paying weekly. They had state of the art warehousing (at the time), great product buyers and an excellent returns process and enjoyed a loyal customer base. Kay’s/great universal stores even owned their own delivery company in the shape of white arrow. The catalogue companies fell by the wayside a bit with the advent of the internet and most companies embarking on home delivery. In fact the great universal stores brands were sold to littlewoods (shop direct/very group) and both nbrown and very group have had to play catch-up to be able to still exist in what might now, at least on the surface, appear to be a saturated market. However the real business of the catalogue companies wasn’t so much offering the convenience of home delivery or the possibility to buy everything in one place it was to enable people to buy it on the weekly. It’s a different marketplace today but there are still people who want goods and who haven’t got credit facilities or have maxed out credit facilities that will still look to these companies to get what they want. They might try to sex up their branding and get on the influencer bus (Although one could argue the catalogue companies were the forerunner er to modern day influencing when they got soap stars and pop stars to model clothes in their catalogues) but they really aren’t trying to compete on a like for like basis with the likes of next or boohoo what they are trying to do is offer the home shopping experience and credit facilities to a customer base that is outside that of boohoo or next. Personally I think there is a place for very and down group but it’s a tough market place and there are risks with owing them. At the current share price I would say risk is mitigated somewhat and bwng might just be worth holding as they will most likely benefit from a recession and high street businesses failing. I’ve recently bought in at just under 30p in the hope that they can get back to pre Covid share price but it’s one of my recovery ‘punts’ as opposed to other shares I have either purchased or topped up at cheap prices because I beleive them to be solid companies that are simply undervalued.
One strength Boohoo has that this co doesn’t is a name that resonates- once it’s heard. N Brown...I bet few people have a clue. Yes we have several brand names but they are rather below many people’s radar. Boohoo cUstomers go to Boohoo where they find several brands - which that co is developing by acquisitions. N Brown Meanwhile doesn’t have direct customers, nor a recognition factor, and that’s a
A structural and marketing weakness in my view. But it’s easy for me to say....
Post lockdown I'm in good shape to be a Jacomo influencer, where do I apply?
Z-cars post
The company is very different from 18months ago, £millions have been invested automating inbound and out bound processes. People have been cross trained in the out bound department, so if there is a spike in orders people are brought in within minutes to get the stuff out. The new shift system is being rolled out so people can order later and receive goods next day, it also means that peak periods over summer and Christmas can be dealt with.
All the modules in returns are full, those still furloughed, were there are no places are either moving onto the late shift to picking or packing or will probably be made redundant. Staff are being taken on from Littlewoods which closes this ,month and they are recruiting via Mach. Sunday shift has restarted, there is overtime every day, which the company intend to do away with because of the cost ( staff were earning £32000 a year working all the overtime on offer).
The company are selling a lot more branded goods . I recall 10-15yrs ago, the Times commenting that no one would buy our products outside the board room, and that the company was going nowhere, well that looks to be changing.
Those people being recruited have been told they can take part in the bonus scheme which only kicks in if the company makes a profit of £125m before exceptionals
The new management look to be making all the right moves.
Very true. I believe most of the roles on the first 2 pages are new. One caught my eye. Influencer coordinator... thats how boohoo are so successful social media influencers.. its certainly an area bwng need to fully exploit
Zcars is the man in touch with the staff see his posts. Further down.
I suppose it depends on the reason for any vacancies. A good employer keeps good staff, with a low churn rate. If job vacancies are linked to expansion all well and good, so long as there’s ultimately a meaningful bottom line return on the investment.
Better link to job vacancies
https://www.jobtrain.co.uk/jdwilliams5/vacancies.aspx?txtLocation=&lstLocation=&txtKeywords=&chkCategory=&lstRegion=&chkSalary=&lstDepartment=&optMatch=&chkDivision=&PageNo=0&AttachedSAF=0&chkdepartment=&chkEmploymentType=&cmbSearchwithin=&txtpostcode=
I make it 89 jobs being recruited... a very good sign the business is growing..
https://www.jobtrain.co.uk/jdwilliams5/vacancies.aspx?txtLocation=&lstLocation=&txtKeywords=&chkCategory=&lstRegion=&chkSalary=&lstDepartment=&optMatch=&chkDivision=&PageNo=7&AttachedSAF=0&chkdepartment=&chkEmploymentType=&cmbSearchwithin=&txtpostcode=