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Or as others have said Nestle etc. All that matters is a reasonable supply chain policy to demonstrate due diligence and care in conducting business.
Ref BOO I think it is one of those cases where there is fraud in their trading environment but that market dynamic is ultimately not their responsibility. Alibaba would be a Stirling example of that. I'm liking the look of both.
wait for all sellers to go and a blue finish then another 4-5% up tomorrow, slow and steady rise everyday to £1
i get a feeling an order is being filled. sells in the low 74s but the SP is holding up.
moved alot today on not alot of volume. avg volume day so far.
And you comment and it retraces! (Tongue in cheek mate, your contribution has kept me entertained and holding on)
rocket engine stall.
oh f
It's rising because DBNO hasn't posted an ultra positive comment for an hour
Does anyone know what's driving this rise?
Is it just oversold?
My avg is 71 so very glad that it's happening but can't figure out the catalyst.
bigsmoke- EXACTLY. Boo just got caught out.
TED does relatively high-end clothes but I GUARANTEE you somewhere in their chain they have some skeletons. They probably don't even know about it.
If you buy a shirt for £5 you KNOW that somebody somewhere is getting f***ed. You know it. You just pretend not to.
But then every time you fill your car with petrol you KNOW deep down that somewhere some part of the world has become less nice. And every time you eat anything with palm oil in it, a part of a forest somewhere is lost.
Capitalism and ethics don't mix very well unfortunately. Hopefully the generations below me will put that right.
Boo will be fine. Looking better already today.... Next week it'll slowly build back up- under the radar
SP stuck in a very narrow range imo. for now. maybe later today it breaks out.
pull back down to 68.5p on the bid. bounced off it.
where do Boo generate their sales? is it just the website?
"you find me a company that produces cheap goods (primark, h&m, lidl) that DOESN'T have some hugely underpaid labour involved."
you find me a company that provides cheap SERVICES that DOESN'T have some hugely underpaid labour involved.
anyone who thinks boo hop shares will not bounce back over 300 in the next few months has no idea about business or how people work.
you find me a company that produces cheap goods (primark, h&m, lidl) that DOESN'T have some hugely underpaid labour involved.
also, look at places like Nestle, Nike, Philip Morris, Apple - they have all had scandals around their labour.
and look at Amazon right now - the way they treat their staff is absolutely abhorrent and there have been countless stories about it but.... they can get me the headphones I want by the end of today if I order them this morning and they're cheaper than antwhere else so....
boo is a huge opp to make serious £££ especially under £2.
"how can Boo's suppliers get cheap labour workers now we are out of the EU. they are not high paying skilled jobs. UK workers won't work for £3 per hour."
I suspect Boohoo's solution will simply be to have an inquiry (which they've already initiated) and then quietly move the jobs abroad, which makes the most sense to my mind. I don't think there will be long lasting reputational damage. The #boycottboohoo twitter campaign never really gained much traction (500 shares I believe) and 18-24 year old memories are very short. In fact, I would be surprised if many are even aware of the scandal in the first place.
People still shop at Aldi after the horse meat scandal.
However, I did see it reported that they had seen a decrease in the number of their apps being downloaded. Whether that is a response to this time will tell.
It's going to come down to the numbers, like most things.
All but one analyst, remain bullish on the stock.
there was a BBC article this morning about 'before you buy the £3 top' but it seems to have been removed.
how can Boo's suppliers get cheap labour workers now we are out of the EU. they are not high paying skilled jobs. UK workers won't work for £3 per hour.
Boohoo has been criticised by the chair of an influential committee of MPs, who said the online fashion firm had failed to address warnings of malpractice at Leicester factories. Philip Dunne, the chairman of the environmental audit committee, which questioned Boohoo co-founder Carol Kane about problems in Leicester factories in November 2018 for a report on the fast fashion industry, has disputed claims the group was not aware of potentially illegal working practices at factories making its garments.- Guardian
Well they will be under scrutiny for a while and may well have to answer to a Parliament Commitee, but it appears they cut corners and covered up some bad practices.
Things wont be the same for them and the investigation, implementation of changes etc will cost them, so their exceptional charges will take a hit
The media will keep them and their industry in the spotlight and social media will keep the issue going...but...it depends on how much pressure and attention can be maintained as to whether consumer buying decisions change.
They couldnt cope with the lockdown demand and put h/s second despite saying they were working night and day on safety....investors may not re-elect certain board members and demand change
All in all will be costly but changes will be implemented and they will no doubt then work on public image again....they will survive and absorb the cost of it all
Any enquiry into Leicester factories will no doubt take months and months but there will no doubt be more scrutiny from now on...one hopes
For the BOD to deny knowing and blame it all on suppliers stinks and they will be put to task over that
Any opinion on boo hoo here? Rather not ask those over on their board - rather hear a distanced opinion than someone caught up in it