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Off out on a lovely boat trip today super coward.... Ill post a little clip for you later...
Https://www.reuters.com/technology/temu-subject-tougher-eu-online-content-rules-eu-says-2024-05-31/
So Temu have joined Shein on the list of companies required to meet higher reg standards.
Easy to see how EU are going to proceed to curtail their activities now
Boasty
Your back!
Its just like you have never been away!
Https://x.com/theboohoorider/status/1796321925586624877
See any similarities hex??
Nobody stopped using the post office because of that scandal though - and likewise people arent going to stop using shein because of forced labor and malpractices. times are hard for most, and people shop where things are cheap, which shein wins hands down. ethics for joe public dont matter during hard times. things could take a turn if the carcenagenic chemicals in thier porducts was hammered home by the media, or if us,uk and eu done a blanket ban on thier imports over safety comcerns. but its a bad analogy comparing it to the post office.
Don't buy Chinese!
They subversively turning us over
Hmm, shame about the Volvo
And am partial to a special curry
Oh, and Bobo chicken.
That buying non Chinese might be harder than one thinks
Boohoo and other UK companies are jumping over hoops to meet Ethical criteria's, sustainability etc yet Temu and Shein have no scrutiny - the tide will turn and we are getting closer to the genie being let out of the bottle - it just hasn't held traction with the main stream media yet - like the Post Office scandal, it took a while for people to wake up and listen.
European stocks traded higher on Friday premarket ahead of more economic data releases. Today, the bloc will receive inflation reports from France, Italy, and the eurozone. In addition, UK housing data and more speeches from bankers will characterize the session.
The DAX gained 0.09% at 7:50 am CET, while the CAC 40 was flat and the FTSE 100 rose 0.05%. The pan-European Euro Stoxx 50 inched up 0.10% a minute later.
At 7:49 am CET, the euro was down by 0.11% against the dollar, selling for $1.08205. The pound lost 0.08% to go for $1.27224 at the same time.
Baha Breaking News (BBN) / JG
Happy Friday y’al
Enjoy your weekend
Tradey-standards?
Do they exist?standards?
Heard you just call them up and they force a narrative down your throat all day
I think it's shocking Jeremy and you should be hounding your local mp daily.
Where are trading standards in all of these incidents
The amount of evidence against these companies seems to be growing by the day
Truly shocking
More ammo to buy here…
"Hexam remember that Easter fell in April last year and March this.
So the straight monthly comparison yoy isn't valid as holidays are always good for online sales"
True but my main point was that all the months before April were better than the previous year, not so much that April wasn't. The dip in April is probably just a hiccup because of the weather and, as you say, where easter happened to fall.
I'm just hoping Big Mike can get rid of Kamani, Kane and Lyttle and we can have some fresh re-vitalised dealership. These guys are sleepy and have lost their passion!
Hexam remember that Easter fell in April last year and March this.
So the straight monthly comparison yoy isn't valid as holidays are always good for online sales
SHEIN toxic 'forever chemicals' linked to cancer, infertility & autism!
https://www.dailymail.co.uk/sciencetech/article-13468265/Shein-childrens-clothes-toxic-forever-chemicals.html
"Where is your information that they underperformed?"
ONS volume stats and the BOO accounts (where they say orders were down 13%).
"I wouldn't say the online sector has been in growth since before covid, it would seem like April of this year is the first month that has beat the previous year's month"
You couldn't be more wrong really as once again you seem fixated on the proportion of internet sales out of total sales rather than the actual internet sales themselves. If you look at the internet sales these actually went DOWN in April year on year for the first time since February 2023. So the market has grown every month since the start of the last BOO financial year - until last month. If you remember the commentary it actually mentioned the drop in April in both total sales and internet sales but said that the drop in total sales was higher. Here's a reminder:
"The amount spent online, known as online spending values, fell by 1.2% during April 2024, and by 1.5% over the year.
As total spend showed a greater fall during the month (2.6%), the proportion of sales made online increased from 26.2% in March 2024 (revised from 25.9%) to 26.5% in April 2024." [note the percentages are slightly different to yours as their comment was based on seasonally adjusted figures]
"Bon that's an interesting statement from someone whos been here for 6 months....
But yes online spend is set to TREBLE by 2029.... (not April 2024)"
Your entire post history is visible for all to view, dope.
Bon that's an interesting statement from someone whos been here for 6 months....
But yes online spend is set to TREBLE by 2029.... (not April 2024)
I've actually been talking about volume and value for ages. Where is your information that they underperformed?
As I've also posted a few times now, the market looks at GMV as a key KPI for market places, so its natural for Boo to report on it. As I posted the other day, Shein's top line number is also a GMV number not a revenue one. I don't think anything can be read into a GMV statement at the moment other than it is an appropriate KPI.
In cash terms most of the opex savings will be in train now, so my view remains that either a revenue or margin increase will be required to deliver FCF.
I'm encouraged by the website stats so far this financial year, June's will be interesting to see if the trend continues.
I didn't say I thought your post was unbalanced, discussion is a good thing, so not sure why you are being techy?
But coasty, you've banged on for literally years about how the market is growing, and boom time is here. Strange to now deny it.
I wouldn't say the online sector has been in growth since before covid, it would seem like April of this year is the first month that has beat the previous year's month.... At a quick glance on my phone that is.
Its quite clear the sector has been in decline since the covid caused spike when shops were closed.
For all we know the company revenue could now be growing and we will soon find out at the q1 update!
The figures below would dictate a blatant contraction rather than growth.
Ill await the figure spin from hex👀
Period
Value
2019 MAY 18.8
2019 JUN 18.3
2019 JUL 18.7
2019 AUG 18.1
2019 SEP 18.1
2019 OCT 19.1
2019 NOV 21.6
2019 DEC 21.4
2020 JAN 20.2
2020 FEB 19.1
2020 MAR 22.1
2020 APR 30.3
2020 MAY 32.8
2020 JUN 31.3
2020 JUL 28.3
2020 AUG 27.0
2020 SEP 26.7
2020 OCT 29.0
2020 NOV 37.2
2020 DEC 31.3
2021 JAN 37.8
2021 FEB 36.5
2021 MAR 34.4
2021 APR 30.1
2021 MAY 28.5
2021 JUN 27.9
2021 JUL 28.0
2021 AUG 27.7
2021 SEP 28.3
2021 OCT 28.9
2021 NOV 32.8
2021 DEC 30.5
2022 JAN 30.1
2022 FEB 27.9
2022 MAR 26.3
2022 APR 26.5
2022 MAY 25.7
2022 JUN 25.2
2022 JUL 24.9
2022 AUG 24.4
2022 SEP 25.2
2022 OCT 25.9
2022 NOV 29.9
2022 DEC 27.1
2023 JAN 27.3
2023 FEB 25.8
2023 MAR 26.1
2023 APR 25.8
2023 MAY 25.7
2023 JUN 25.3
2023 JUL 26.2
2023 AUG 25.3
2023 SEP 25.8
2023 OCT 26.5
2023 NOV 31.0
2023 DEC 27.9
2024 JAN 27.1
2024 FEB 25.9
2024 MAR 25.8
2024 APR 26.1
https://www.ons.gov.uk/businessindustryandtrade/retailindustry/timeseries/j4mc/drsi