RE: Investor relations19 Dec 2024 11:00
Retail UK online is just dead to fund managers atm.
They’re not growth, value or quality.
The government haven’t helped out darlings like THG, boohoo and asos as they let these cheaper options from the likes of China sell to the UK without loading tariffs on them to make it a level playing field. In fact the government are increasing operating taxes and overheads on our companies making it even harder for them to turn a profit.
Until that’s changes, I can’t see THG reporting strong numbers