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Analyst I used to work in FS so can probably help a bit, although my knowledge may be a bit out of date.

If a business wishes to offer a credit product then it needs to be regulated and licensed by the FCA. This is actually quite an onerous process. Short term BNPL products are exempt from FCA rules as they don't technically charge interest.

So in theory Boo could offer a spread payment offer of it's own. But it would be complex to create and manage.

I don't think Boo are FCA licensed to sell credit products, hence why they act as an introducer for the Debenhams credit card.

Analyst I thought the Klarna fee was 3% plus 20p.

I've never noticed a reference specifically to credit card income in Boo accounts, altho there is a line for interest income. This may have nothing to do with the credit card. I'd guess the credit card may become more important as an income stream as Debenhams grows and it gets a more loyal core customer based.

I can't see Boo going down the line of a Klarna competitor

Lowpay, strange it seems you are suggesting exactly that, without any evidence at all.

Brian is sourcing transport, I doubt he'd be doing that if he didn't expect to use it

Hexam, sorry, forgot to add that it's not just BOO own brands that are on the retail model its a proportion of the others although i've never seen what proportion

Also, analyst as far as i'm aware, it's still only PLT which has moved fully to the USDC. So im not convinced we will see much uplift in US. Prettylittlething.us is picking up increasing website views but its still a pretty small proportion of overall group views

Maybe Hexam but remember GMV is also reported net of all cancellations and returns which further complicates it.

It's a proper conundrum to be honest, if i get a spare hour or two I'll try to work it out fully.

It will also be a headwind for atleast H1 analyst. The market place now has over 4k brands on it, i think the last accounts quoted 3.5k.

What will be equally as interesting for H1 is if the labels have hit a base run rate and stopped falling. It looked like they had in the full year accounts, but until we see the figures its impossible to know

I don't think its that simple Hexam. Debenhams is a hybrid model, so there is still a large element of traditional retail sales

Where are you getting your 10% figure from, the latest results for Debenhams specifically are the 23 figures?

I've already given you the figure im expecting > £120m

Hexam, sorry 2022/23. Numerous articles reference the same figures, but here's one

https://uk.finance.yahoo.com/news/debenhams-slashes-losses-sales-jump-085021092.html#:~:text=Debenhams%20slashed%20its%20losses%20thanks,11.7m%20to%20%C2%A3732%2C000.

With two market places in place BOO will increasingly be judged on GMV not just revenue.

As the market place grows margin improves.

How much did Harry Kane get sold to Bayern for?

Another question for you Hexam.

Lets say Debenhams does over £120m revenue, which should give a profit in excess of £10m, what market cap would you assign to it with the brand heritage, growth and trading profitably

Hexam you may be better advised looking at the year end results for Debenhams, where sales were up over 50% yoy.

I doubt if we will see anything specific at H1 other than reported gmv, but i'm expecting Debenhams sales this FY to be atleast £120m

You still don't get how chat boards work do you spidey

must be lack of sleep or intellect?

A ten hour shift on a share where you have no investment

surely that is what is really silly

You are the only person saying everythingis super positive.

Some of us have been saying Debenhams is a fantastic opportunity for months, and it looks increasingly to be the case

Interesting link thanks Reardon. 19m customers quoted, it would be interesting to understand that at the capital markets day

Sorry i obviously meant higher lows!

And no i'm not Hexam, we disagree on the graph, I'll leave the twisting to the trolls

So you would call lower lows and higher highs fairly flat Hexam.

Good to know. With the size of the market i'll take slow steady growth, its the best way for businesses to plan

Reardon sadly LD is correct, and BOO has never been good at comms, even when results were stellar.

All we can really look at is comparative website stats and competitor performance.

My take out on website stats is that the last few months have been really positive for BOO, certainly from March or so. Debs has grown considerably in the last year and Plt in the US seems to be getting some traction. We certainly don't seem to see the gulf in website views that would be expected from the vast difference in customer numbers between BOO and ASOS.

The only other thing we can really look at is competitors who do report quarterly. Certainly, from recollection, all Next's growth seems to be coming from online.

Shein to me seems to be a reasonable topic for discussion on here as it is a serious competitor.

Many more people read these boards than contribute so it seems reasonable to me to point out the reality of trolls. Sadly they appear on lots of boards

Hexam perhaps you could explain how this represents a stalling in online?

It looks to me as if growth has resumed the upward trend after the covid blip?

https://www.ons.gov.uk/businessindustryandtrade/retailindustry/timeseries/j4mc/drsi