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The womens wear e-tailer Oh Polly has warned “repeat refunders” that their returns could cost up to £8.99 per order.
The British-based brand informed its customers of a new returns policy last week, that will see “repeat refunders” charged fees. New customers are to receive one free return, but after this, fees will be calculated on each customer's rate of returns.
These will range from £2.99 for 0-50% of orders returned, to £8.99 for those with 90-100% of online orders returned.
Oh Polly customers have 21 days from the date the order was placed to return orders for an exchange or refund. This is extended to 30 days for store credit.
In an email to customers outlining the new measures, the online retailer said: “We’d like to inform you of an important update to our returns policy.
“We really value each and every one of our customers, and one of the ways we keep pricing down is by being fair to all.
“Customers with high return rates increase the cost of the business, and we can either alter prices collectively for all, or only for those who fall into the high returner category.”
Oh Polly was founded in 2015 and is known for its higher-end high-street evening wear. The brand is celebrated for its body-positive approach, offering a wide range of clothing, including dresses, swimwear, activewear, and accessories designed to empower and enhance confidence.
https://www.theindustry.fashion/oh-polly-to-charge-customers-with-high-return-rates/
Oh your own 'fundamenal analysis and evaluation' so in other words your opinion as you've not given any insight into that. And when I say based on what I mean based on what is ot being taken over at £4-£5 thr most likely outcome? But I bet its your own fundamental analysis again.
Its also hilarious how your cherry pick what you want from the results ignoring 80% of the positives including more cash and reduction in inventory ahead of forecast.
And return to double digit growth being a pre requisite for apprecjation in value is a fundamentally flawed take and loads of other have also explained this to you but you just won't listen. Economic conditions aside, you think If Asos turn profit you think that won't increase the
SP?
Not sure what your agenda here as as you clearly are not and never were invested. Unless you are and are shorting the stock which is the only thing that makes sense given your views and cherry picked 'facts'.
:)
Roll on the rate cuts.
Short positions down slightly further.
And blue she goes
It was dragged down to 356 and is back on the up trend heading through 370 (day low to day high) 4% swing pushing into 374 buy with charts indicating 380 target as volume picks up
Please explain why it “looks like it’s being let go”
Quite a bland, generic statement with no foundation.
Looks like it's being let go
Think Toli is a super ramper as I was labelled a deramper by him last time, and I thought I was really bullish 😂
It won't
Based on fundamental analysis and a valuation model that I developed. And yes I did read the last results and recall a 25% revenue decline in the US (in an inflationary market even).
That's why I'm saying return to double digit growth (as a vote of confidence from consumers) is a prerequisite for any appreciation in value. ASOS is not there currently and outlook is stark.
Based on what? Did you even read the last results?
This will shoot shortly
I really don't know... but I believe there's 3 likely outcomes:
1) Turnaround works - ASOS back in fashion: Return to profitability (3% FCF margin), back to double digit top line growth including the US (this is very important). Evidence that SHEIN does not capture further market share from ASOS and competition eases. Material reduction in net debt and successful refinance in 2 years under more favourable terms. 100%+ increase to current share price
2) Opportunistic take over bid - Mediocre performance continues and someone snaps up ASOS at a low valuation (e.g. between £4-£5 a share), offer is accepted as no other better alternative and refinance looming
3) Turnaround plan goes sideways, and no credible alternative in place. ASOS taken over by creditors or another equity raise at a significant discount wipeing out existing s/g
Question is how much probability you assign to each outcome. I think ASOS is closer to 2) now with equal probabilities moving either to 1) or 3)
Where do you see the SP this time next year @Robertoknowlittlelo
So to get things straight.. you're not an economist, you have no background in finance, you are lazy with calculations (your words not mine) BUT - you have a theory that inflation should be calculated over 50+ year period and you also predict that inflation won't reach 2% for another 10 years.
I rest my case
Lots of O manual 1 share sells every 2-3 seconds - very very odd!
In case you still misunderstand me: I did not say it will take 50 years to get back to 2% average inflation. I do not know how long it will take, but that in itself is not the issue. I'm done here. GLA.
If you are going to offer a rebuttal, then you need to read the comment properly. Like mistaking my earlier comment about average inflation. Details are important.
I suggested that a credible period of time to use for measuring average inflation could be 50 years. Why? Because since the GFC, we have seen interference with the monetary system like never before.
With lots of consequences (intended or otherwise) that will have an impact on the purchasing power of the GBP and therefore lots of key asset classes and other commodities for a long time into the future. Which in itself, will influence inflationary trends going forward.
If you disagree with this, that is fine. If you think it is clueless, well, so be it.
Sorry 10 years
I wanted to, but stating it will take 50 years to reach 2% inflation target don't allow me to take you seriously
That is fine, RL. Feel free to listen to the experts at the BoE. And the politicians. They know what they are doing and they have got your best interests at heart.
I notice that you have not offered any of your own opinions, or rebuttals, just vacuous and snippy insults.
I thought you were actually being serious and engaging in a grown up way for a change. I was mistaken.
Hahaha I like it how there's always some disingenuous reason for the SP going down the drain..... 'manipulation' or it's the 'crooks at City'
£80,000 buy and hundreds of tiny sells
Analyses and views like LWHL's about inflation reveal a lot about the financial literacy of the 'investors' (or rather, gamblers) on these boards 😂😂😂😂😂
Sorry can't be taken seriously