Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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So basically the high street is the place to go for cheap tat.
Plus when were Lidl and Audi on the high street.
https://www.google.com/amp/s/www.euronews.com/green/amp/2021/06/04/welcome-to-the-dark-side-shein-is-the-biggest-rip-off-since-fast-fashion-was-born
Welcome to the dark side: Why Shein might be the biggest rip-off since fast fashion was born
Talking of shain - has anyone seen their margin?
https://www.google.com/amp/s/www.thesun.co.uk/money/16560873/toys-r-us-uk-high-street-online-relaunch/amp/
No commitments to any shops opening up lol!!..
"Toys"R"Us ANZ intends to start web sales to UK shoppers over the next several months, initially from existing operations in Australia, whilst it works to establish local teams, offices and logistics sites during 2022 and 2023."
Loooooooool!!! That business model sounds very familiar to me....... Ohhhhh its a good business model alright.... Its all on line!!
Arms yes hence
"Those two links alone equate to 25,000 shop closures in 18 months...... If you can't see the pattern you are demented or in denial."
Lol idiot that's from April 12th
Read the headlines.... It's so horrific!!!
Dead and buried good night.
Online oh hello!!
https://www.retailresearch.org/whos-gone-bust-retail.html
Please Note: the figures given above for every year refer ONLY to UK failures and ONLY to UK retail businesses - so not to American business and not to restaurants, cafes and food services. The yearly totals in the Table above are intended to show the main trends applying to UK retailing, from relatively benign years where few companies go bust to perfectly horrid years like this one and 2020. So far of the stores' at risk', 53% have been closed and 43.7% of 'at risk' staff have been made redundant. The equivalent figures last year were 36.9% and 20.6% respectively,
Those two links alone equate to 25,000 shop closures in 18 months...... If you can't see the pattern you are demented or in denial.
https://www.google.com/amp/s/amp.theguardian.com/business/2021/mar/14/great-britain-high-streets-lost-more-than-17500-chain-stores-in-2020-covid
Great Britain’s high streets lost more than 17,500 chain store outlets in 2020
More than 8,700 chain stores closed in British High Streets, shopping centres and retail parks in the first six months of this year, research suggests. That is an average of nearly 50 outlets a day as the impact of the pandemic and changing shopping habits continue to hit many towns and city centres.4 Sept 2021
50 SHOPS PER DAY CLOSING - PEOPLE CAN'T SEE THE WOOD FOR THE TREES.
It's been a lovely trim down fantasy high street today lol.... Sadly that's all it is.
Kallu - as soon as the highstreet companies pay off their dept?!?! lol..... Those companies are up the creek woth out a paddle son.... Administration will be their way out
"The thing is you can be absolutely sure that Kallu would have been saying this about Boohoo in 2017, 2018, 2019 and 2020. You are basing your prediction of growth slowing/stalling on very little and many have been betting against them all that time - up until now they have proved all doubters wrong"
I've seen it every year since it was listed lol!! And it's always kept growing....
Wyn totally agree but it's one hell of a long journey, most Multiples will have a shop in a major city but to feed all the market towns where these Multiple stores once proliferated is long gone, these Town Centres have become an eyesore so, i would be ecstatic if we start to see the rejuvenation and the independents comeback, however since the Multiples looked to dominate and grow we saw the demise of not just the Indie store but the destruction of so many Indie clothing Brands, so choice for these independents is much much less, ironically if you have an idea for a clothing Brand it's far cheaper to air it online now which is where most of these Brands are cropping up, gaining traction, is , however quite another matter. Like happened in the 80's nothing would please me more than to see entrepreneurs with flair, drive and ambition flood back to the UK High Streets, sadly i think this will be a very slow burn.
The problems facing high streets up and down Britain are laid bare by analysis of official data showing the struggles that retailers were already facing before the Covid pandemic
hit.https://www.google.com/amp/s/amp.theguardian.com/business/2020/aug/10/extent-britain-high-street-decline-laid-bare-official-ons-data
Highstreet was failing years before covid..... Its frrrrkd
t4g, I don't think its that complicated actually.
If (and its a big if), high streets become attractive places to go (for whatever reason), new business will open on the back of its coat tails. Even if it goes over to just coffee houses and eateries, you will start to get ancillary shops open around them to try and exploit what ever demographic is attracted to the new look high street.
The key is the business model: Rent and rates have for decades been out of kilter with turnover unless you are either hugely popular or a very large company with multiple sits and scale of production advantages.
If rent and rates become attactive then who knows how it will pan out.
Online isn't going anywhere but the high st, for want of a better term is not dead yet either. (imo)
Kall etail v retail , i u/s you love this debate but H St has been decimated by covid, so competition is even less, hell even my 84 year ol Mum now buys on line now,
I'm passionate about the H St but it needs totally re inventing, it's so staid and dull now days, generic repetitive shops, that all said in current equilibrium i do think there is room for both, caveat being to all of this it's in my humble opinion.
"I completely disagree Ragtrade, I believe pandemic was peak online market penetration and the consumers will be going back to the high street and the growth that Boohoo in the UK showed due to market share capture from Arcadia and Debenhams will be cycled in a few months time, following that boohoo sales will be declining in UK"
But BooHoo are outgrowing this dichotomy and moving on.
For the likes of Primark etc, this is crucial - but for fast-expanding modern companies without immovable bricks-and-mortar overheads, it is less important where consumers spend their money. BooHoo could easily open some high street outlets if they choose, without tying themselves into long-term rental handicaps, but they are looking far far beyond such simplistic business models.
"I completely disagree Ragtrade, I believe pandemic was peak online market penetration and the consumers will be going back to the high street and the growth that Boohoo in the UK showed due to market share capture from Arcadia and Debenhams will be cycled in a few months time, following that boohoo sales will be declining in UK"
But BooHoo are outgrowing this dichotomy and moving on.
For the likes of Primark etc, this is crucial - but for fast-expanding modern companies without immovable bricks-and-mortar overheads, it is less important where consumers spend their money. BooHoo could easily open some high street outlets if they choose, without tying themselves into long-term rental handicaps, but they are looking far far beyond such simplistic business models.
Rags "Do all the naysayers really really think that this share will LT not at some point in the next 12 months start to recover."
It might not. US court case?, fall in demand? extra costs through wages and transportation and cost of material, grated competition?
(The "sell your used clothes" apps are aimed at younger buyers, will that have an effect? I don't know but I struggle seeing most companies prospects long term.)
Many of course will prosper but many won't, goodness knows which ones will and which ones won't.
Other than a few people who have had their own argument this thread has been perhaps the best for balanced debate I have seen on the BOO board for some time.
My personal opinion is that in the short term, I.e next 6 months, no one knows where this will bottom or steady out. 150, 180, 200? So there should be no rush to put all your ready cash in all at once.
Medium term, there are headwinds for sure. Some BOO and management related, some more global in nature. I think the global ones are the bigger risk for me at present. But I can't see supply chain issues or inflation getting much worse than at present and when they get better that will be good for BOO and pretty much all markets.
Long term (3-5 years) I am bullish on BOO getting back to 300/400 based on growth domestic and abroad and some of the headwinds easing. But we are all just making our best guess really.
Got £7.5k at 251 average. Will look to buy some more in the next couple of months when I feel a little more confident of where I think the bottom is.
Sure other people see things differently and no matter what I wish you all luck and success whichever companies you like the look of.
Wyn i think we can all agree that ST this share and many others across diff sectors are going to be hit by uncertainty and therefore volatility, it's a no brainer which is why a lot of the posts of late have become so inane. Do all the naysayers really really think that this share will LT not at some point in the next 12 months start to recover.
For the LT i think this is the crux, decide how much LT and how much risk anyone is prepared to take, this is where the real debate should be, even if this share hasn't bottomed out it's not that far off it and anyone who manages to buy at the bottom, well, it's more luck than judgement, the real point is if this share can reach back to the heights it once was and beyond and how long that will actually take.
My view is that it can, i totally get the variables being too much for some, but i'm not seeing any nervousness on the buying side and SS22 qtys are pretty big for BH, i don't think they wud be bringing in all this stock to just markdown, they are seeing demand, so i think we will continue to see strong growth and once we get an inkling that costs across the supply chain are starting to subside then this share will climb again.