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Numbers out today don't look great for the high street. Overall worse than expected so better outlook for online sales.
Offensive and incorrect as usual.
Nice to see the rise again today :-)
GCSE maths Its Math
Only numbers that i am interested in are the ones in my investments!!!!! and how many degrees it will be on my next winter holiday
Not in UK it isn't
Forget spreadsheets Kalu learn to read charts Abf continual slide goes on you would have jumped from that ship long ago .GL
Kallu - why don’t you sell up and buy back in cheaper once the lockdowns and masks start rolling.
Kallu - If you honestly think the UK retail sales numbers where good today, You had better jump ship and go do something else. Deluded as usual https://www.reuters.com/business/retail-consumer/uk-retail-sales-fall-unexpectedly-september-2021-10-22/
I’ve had a scan through the ONS report now and my favourite part from the summary is this:
‘Despite relaxation of COVID-19 restrictions in summer 2021, in-store retail sales remain subdued; the proportion of retail sales online rose to 28.1% in September 2021 from 27.9% in August, substantially higher than the 19.7% in February 2020 before the pandemic.’
Now Kalluless is correct in that physical clothing stores preformed strongly in September +4.3% while online dropped back slightly by just over a percent. However we are fighting against a very strong comparative at the moment.
By ABFs BOD own admission they are experiencing strong pent up demand and I bet they do well out of back to school as well, which is a massive market which doesn’t get much recognition.
Won’t matter once it has to close again next month with no online offering to speak of.
"Despite relaxation of COVID-19 restrictions in summer 2021, in-store retail sales remain subdued; the proportion of retail sales online rose to 28.1% in September 2021 from 27.9% in August, substantially higher than the 19.7% in February 2020 before the pandemic.’"
All of us here know online is going to grow year on year..... WE ALL KNOW LOL
Opinion..... Ummmmmmmm
RE: Rns T ROWEToday 14:38
" With bricks and mortar retail demise more market share in future ( note Boo has doubled market share in past 2 years)."
Doubled market share during a pandemic - which is one in a hundred year event, when shops were ordered to close by the government.
"This one in a hundred year event does not seem to be going away anytime soon, hope Primark does not suffer further (lockdown looming)."
This time last year we were all working from home, but today I am in office and we have 25% of the staff present. If this is not progress then what is? Primark is valued at a grand zero in a sum of parts valuation of ABF, so any sales/profit is just a bonus and my bet is that things are only going to get better from here for Primark."
Yup thats correct kallu - Boohoo DOUBLED its market share during a pandemic when we were all locked up at home!! That's an amazing feat!!!
Asos in the same time gained 22 pc in revenue (boohoo 100 percent)
And primark lost a fortune..... Primark is ran by people with no vision.... No wonder the ceo of primark left and came to boohoo!!
Ummmmmmmm....
Consumer demand has been improving through August, principally in the UK but also in key overseas markets such as Ireland and France, where there has been a re-acceleration in the rate of growth. This has again improved in September, where the rate of gross sales growth has increased compared to that achieved in the second quarter of the financial year.
Our expectation is for full year sales growth of 20% to 25%, implying sales growth of 20% to 30% in the second half of the financial year. As we have indicated above, we have seen a re-acceleration in the rate of growth compared to that achieved in the second quarter.
The Group expects to emerge from the pandemic in a far stronger position compared to two years ago. Reflecting significant investments in its platform, brands and people, the Group has:
We remain extremely confident in the Group's future growth prospects, and as short-term demand uncertainty and material cost headwinds as a result of the pandemic unwind, we believe that the Group continues to be capable of executing its strategy aimed at leading the fashion ecommerce market with medium term guidance of sales growth of 25% per annum and adjusted EBITDA margin of 10% remaining unchanged
You mentioned September retail numers..... Boohoo seem to be doing just fine in sept....
"This has again improved in September, where the rate of gross sales growth has increased compared to that achieved in the second quarter of the financial year."
Clearly Shein will be banned in the UK and US soon!
More media coverage is good so MPs will be alerted, and it will definitely happen!
I doubt they will be banned entirely, but there may be some worker related restrictions - i.e., compliance with working conditions / wages, frameworks. I also think there's some questions about where the data the app collects is going. However, the notion that a conservative gov will ban free enterprise is a bit of a non-starter, IMHO.
@Knowbodyyouknow
How about import duty and VAT?
It's clearly unfair competition and kill all other low end retailers, it must be banned, and I think it will banned.
By killing UK/US retialers, no import duty and VAT collected, the governments will not accept this.
@traderUK
Sure, I take your point here. As I was saying (and I meant to include tax policy here) I think there will be restrictions of some sort and perhaps tax measures, but not a ban. Unless of course they refuse to comply.
looks like they want this back to 180p
No idea, why is dripping day by day! It might be energy, wage inflation and it might be loosing share to High st openings and their online push like M&S and others etc. Certainly it looks like bear phase and we should tight and eventually it will drift upward!
If its Archie Bland writing the articles, his family had strong ties with Next plc.
Kalluless you are holdings onto these month on month incremental ONS stats for dear life. The change into online has been transformational and it will get stronger and stronger with bricks and mortar (despite current pent up good performance) losing out at every step.
Now onto the increased living wage that has just been announced. That's going to make those fully staffed bricks and mortar stores even harder to make viable.
Take what you can from the rise of she in. it goes to show in particular that the market she in/boohoo and ASOS but somewhat less are fighting for really don't give two turds about ESG. Boohoo was virtually unaffected in revenue terms from the ESG scandal last year and the rise in she in reinforces this fact that the 16-25 demographic who use these sites simply don't care. Those that do care spend their money on guardian subscriptions and molton brown bath foam as opposed to she in or boohoo. Seems like she in are not having too much of an impact in boohoos conquest for market share thus far, but certainly one to watch.
More concerning however is the rise in she in seriously undermining the efforts Boohoo and others have made in "cleaning up" the industry. Now if a company like she in are allowed to run riot whilst UK companies are scrutinised, hounded and made to pay millions in ESG related expenses like boohoo was last year putting them at a natural cost disadvantage, this doesn't sit well with me at all. Surely governments will take action to level the playing field not only to make tax regimes fair, but to prevent undermining the work put in by UK firms regarding ESG.
After all, why on earth should boohoo , ASOS or any other UK retail investor pay for ESG related expenses whilst companies like she in are allowed to exist in their current form completely unchecked.
Kallumama
Posted in: BOO
Posts: 1,973
Price: 290.40
No Opinion
RE: What EVERYONE needs to remember!!!!!12 Dec 2020 21:02
"Because they’re worried. They’ve got open shorts and have no idea what’s going to happen! "
If you are long term investor in Boohoo you should not be worried about shooters, they are guaranteed buyer of the stock. The longs just have to hold till the shorter buy back.
My way of being bearish about Boohoo is to be a long term investor in it's competitor who will trampling it all over.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Kallu posting that primark would trample all over boohoo then this happens lol -
https://fashionunited.uk/news/business/primark-revenue-and-profits-hit-by-store-closures/2021042055065
The fast-fashion giant’s revenue fell 40 percent to 2.23 billion pounds for the six months to February 27, with the majority of its stores closed for more than half of the period. Unlike many of its rivals, Primark doesn’t have a webstore to offset sales losses from its physical stores
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Not quite the font of spreadsheets as he likes to think huh ??
It actually looks like he owns abf shares as well hence his deramping here....
If ons data is so good how did he not realise that primark were in big trouble while boohoo were absolutely smashing it!?
Kallumama
Posted in: BOO
Posts: 1,973
Price: 302.70
No Opinion
Arcadia to fetch 400m+, evans 23m=1xsales21 Dec 2020 10:30
Seems like offline fashion retailers are in demand Evans just sold for 23m= 1 times annual sales and Arcadia to fetch 400m+ Even while stores are closed during a pandemic
https://twitter.com/neilcraven1/status/1340961770345816064?s=21
==================================
You do post some stupid stuff!! boohoo and asos bought all the brands and turned their back on the stores looool .... nobody wanted the offline business side of things.
what a ridiculous point number 7 is. Remember back in 2000s when some nutter was posting bombs to tesco customers, attempting to extort money from tesco? Its like me saying primark has risks from this sort of terrorism or terrorists planting bombs in busy retail stores whereas boohoo don't. ridiculous point!
point 6 is of far greater concern to primark than boohoo. Primark employ nearly 180,000 staff whereas boohoo....just under 4000 lol.
point 5 makes no sense so don't even know what you are saying there. I think it is about the 2% short position...not exactly the big short is it, not even in the top 20 and not really a higher short position than it has been on average over the past 5 years.
point 3-4 god help brick and mortar stores come next rent review/business rates hike! it will make the proposed online tax look like chump change.
point 2 is equally as laughable and wishful thinking at best. Cases and deaths are doing nothing but rising, but there you are basing your point on a dodgy model that cases will drop whereas the vast majority of professionals in the NHS and other experts are seriously concerned with the current trajectory of covid cases.
point 1 is as dumb as comparing official CPI figures to a price of a loaf of bread. how can you use a metric as vague as "online sales increased by x%" and try to extrapolate this into boohoo not meeting growth targets without a scrap of context re business model historical success. Hilarious.
Must try harder.