RE: Trading update expected 14/01/2131 Dec 2020 11:28
Not sure how to assess the Boxing day sales, Next usually has a lot of footfall then and with covid not sure if they will see that.
Feel the online retailers will have fared better.
Also does anyone know the arrangement Boohoo have/had with Asos why do they sell stock on their site? i hope this year has been an eye opener and we stop doing that, as surely that must be cutting into the margins, ok they have the platform and customer numbers, but boohoo have been growing aggresively now they can hold their own?
If we had to make one acquisition what would you want? I think Topman/Topshop would be good, but will be too expensive, but owning the big flagship stores say in London, Manchester, Birmingham, Leeds & NY (Think they still own that but did sell part of the business in 2012) may not be a bad idea, but the brand is very good and if anyone buys with no bidding war it will be far cheaper to what it was worth in January of this year, so long term will pay off.
Miss Selfridge or DP may not be bad brands if we buy they at a good price. We can overpay for Topman but hope they have the strategy to get the best out of that deal.