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The SP is down because investors believe the strategy of high cost physical stores will set back profitability for several years..However as usual directors have got their finger on the pulse,in identifying that clothing retailers these days need to be a mix of stores and online.. Particularly for sosandar as they do not cater for youngsters..However the shares are too illiquid for any meaningful bounce back...Sosandar is a perfect fit for Next and can only hope for a takeover..The company is profitable.
Can see this going bust before being bought out... the share price movement suggests so.
At £30m its pocket money for the likes of ashley
Limited stock to buy now
Bounce coming
Company adopting the entirely wrong strategy.... this will be bought out.
Set to bounce from here
First batch
The drop in total orders is quite a concern. Hopefully the new initiatives bear fruit.
Brown Group also down massively.
A general malaise in the clothing retail industry.
We know John Lewis has gone but what will be new apart from Sainsbury's?
My guess is we'll hear more about the new partnership with Freemans (30 million unique visitors visit the brand’s direct to consumer website annually). Freemans scrapped their catalogue of 118 years and went all digital last month, they have launched a new "Made You look" TV campaign and there are a growing list of Sosandar items on their website.
If we hear more about the international rollout then a likely candidate could be Freemans owner, Otto GmbH. They are a German mail order company and one of the world's biggest e-commerce companies.
Half Year Trading Update on Wed 18th October.
The SOS shareprice has been massively negatively affected since the release of BOO's interim results on 3rd Oct. BOO's LFL revenue was down 17% and EBITDA was down 12%.
This has led to a shareprice drop since then of 4% for BOO (you could argue it was mostly priced in after an extended fall) but 17.4% for SOS! Now, I can't claim to be impartial here but that does seem to be a huge overreaction, given the different markets that the companies target and their customers' relative spending power.
I expect there to be a good bounceback on decent results (July's FY presentation said there had been a strong start to the financial year), hence I topped up earlier this week. The board have cleverly built a strong brand without throwing caution to the wind and that should continue. Unlike some other AIM companies they didn't duck out of 20 minutes of questions in their last investor presentation.
Full Year presentation video:
hTTps://www.youtube.com/watch?v=1xruP3r1t3M
Stock market disagrees. Going down for a reason.
I expect SOS to do ok without JL
Sosandar no longer on John Lewis website. I wonder what had happened there seemed the perfect partnership. JL struggling may have wanted better terms. Not good for Christmas sales growth
The TU will cover H1 to the end of September and with their clothes only in-store from 24th Sept it will be a little early to report on trading but they can confirm if the everything is in place.
There should definitely still be a TU in Oct
Last year's half year trading update was on the 18th October but it was announced at the same time as the AGM. It hasn't been announced so far, so my guess it might be after the effects of the roll out into Sainsbury's stores are know.
The AGM was by the book and it was stated that no questions on future outlook could be answered. There were no questions. Last year they arranged a trading update in October so that might happen.
Tried to attend AGM via Zoom but unsuccesful. Did anyone manage it and if so were there any interesting questions with corresponding interesting answers given?
*Been
Mean monitoring this company. Seems to have turned down and there is usually an underlying reason
I haven't read them but 1 star reviews tend to be written by angry idiots. Along the lines of: "I ordered this 3yr old Batman suit for my 10yr old and it didn't fit !!! Now he can't go to the party and it's all your fault !!!"
A mention for Sosandar in this Sainsbury's fashion hub article today. Also in the Times and Retail Week. It will be interesting to see Sosandar's in-store marketing as their CEO's advertising and marketing background is a strength.
Sainsbury’s launches third-party ‘fashion hubs’
https://www.drapersonline.com/insight/analysis/sainsburys-launches-third-party-fashion-hubs
Sosandar items available:
Sainsbury's: 143
Next: 2854! Wow, that's jumped up
M&S: 529
John Lewis: 355
JD Williams: 171
Very: 84
Re negative comments on the M&S site, I had a look and, of those items that have reviews, just over 8 pages of just over 10 have ratings of approx 4 stars or above and typically the lower ratings are from just 1 customer. I see that as pretty positive.
Sosandar have a wide range of clothes so not all of them are going to be hits. It's clear the SOS CEOs review data very closely. Badly selling or poorly reviewed items will disappear and best sellers will be prioritised.
Laughton, I think you might be right. I think many people only comment about any product if they're not happy with it. I think those who are happy with what they buy, don't tend to comment so much.
Had a quick look at the M&S website. A lot of pretty negative reviews of the Sosandar products from purchasers with a lot of those saying they would be returning the item.
Maybe customers are more likely to review when unhappy than when they are happy with their purchase???
In store Sansburys news imminent