Member Info for danl90

What “rubbish” brands?

The beauty of what we do is we run it all on ingenuity (same back end and ops) so the websites are just different store fronts

I didn’t know this until today but MyProtein bars are now in Asda, Morrisons and Co-op and today launched in Tesco!

This is a great move as the “convenience” shopper loves these

Grenade is market leader. Revenue £50m and £6m profit and bought by Mondelez for £200m

Tonight I walked past a Morrisons local. The myprotein shelf was empty bar 6 or so bars and the grenade was pretty much full. Also MYP bars were pride of place and grenade underneath

I asked if it was due to low stock and they said no it was MYP was more popular. Also the MYP bar was £2.20 vs £2.75 for grenade (same weight bars)

So given the choice and a 55p saving I think this is an easy win for MYP. Also as we own brighter foods our margin here will be very nice

Can you share this for boohoo and Asos

Thanks

Yeah I think parsnip doesn’t understand “inbound” and “outbound”

Boohoo is “inbound” from China where Shein is “outbound” one can be slower via sea the other can’t

So many idiots on here

Need to see how Chinese flight carriers can operate though?

“ not wasted millions a year on rent in London”

Does this offset the huge fall in overseas revenue and additional cost of outbound freight?

No it’s not even a fraction

Championing saving pennies while losing pounds. Silly point

Not true Shein flys the stock to EU

Most airlines are cancelling service from China to
EU as the flight is too long to go around Russia

This is going to mean cost for air freight will rise significantly or be slower via shipping

Boohoo will hopefully weather some of this with U.K. manufacturing

But interestingly, does this completely shut Shein off? They air freight all good in single packages. If the flights don’t run can Shein operate?

No debt to Ingenuity it seems!

This is positive in that it would align that Softbank don't want to take the debt of the Group/ part they are not interested in

But also negative as it would be interesting to see how these core business funds their debt obligations from cash flow while paying GMV into Ingenuity

This is why the Capital Markets event was a mess as we have no idea how any of this will work at a company level

Look at the debenture filings

SLA divested and held a small amount. A stock price moves based on a volume of sellers and buyers. If it drops 20% it doesn’t mean 20% of stock was sold. It’s just for the volume sold vs liquidity it found buyers at a price

The point you made was “consumers care about it” yet your backing your point up with a pension fund? Makes no sense

No I’m not saying loose and casual will take market share. I’m saying (third time) that boohoo can loose that part of the market as it’s a less reactive purchase (so people will wait for it) and also fit is less important so people have a higher keep rate

Shein is worthy as it sources from similar places to boohoo and others in China. It’s only speed to market it is bad but as I say for casual clothing that’s not an issue

"cheaper the same exact issues exist with Shein (Supply chain issues/ concerns regarding labour conditions). Honestly, why would anyone want to wait 3 weeks for clotheswhat if after 3 weeks they don't fit or look good. "

I answered this. The point is Shein may pick up the casual wear where fit is less important (a hoodie fits a lot of sizes). Also In terms of casual tops etc and even jeans. Sorry but i answered this

"Literally the fact Boohoo's share price has suffered was because of underpaid textile workers yet you say that consumers don't care about it?" - suffered as it was anticipated that customers would vote with their wallet. They didn't and boohoo sales soared regardless and the stock price recovered. Here you're just mixing the share price with trading performance

"Well if Shein wants to ever list on a stock exchange and assuming from your post this won't be in China" they could list in China. Regulation can be as they are domiciled there. The reason they won't have it is they don't "play" in China. Again i was clear on this

"A major risk that can also happen is a change in tarrifs for Companies domiciled in China. Duty and import tax rates can always change" well atm they are being subsidised so i agree this is a point but also misunderstands the Chinese gov. Again i said this

The issue with closing loopholes i also covered. The point is Shein don't "ship" bulk goods to a warehouse. They send small packages which due to size and low value (>$850 in US) are not checked by boarder regs

So given teh cost of an average Shein haul you think the US and UK gov will start opening parcels down to <$100 value? No chance

So it's impossible to police other than a blanket ban which is what india had to do

Very misunderstood

- supply chain issue is true but Shein gets a let off here by being so much cheaper. Also as we know customers wait for swim or casual clothes. Two Shein might claw this bit of the market. I fully agree speed is the winner here it’s a shame boohoo made this problem for themselves
- ESG, consumers don’t care. It’s a NIMBY thing with ESG and what we suspect (although it’s very obvious) is not certified or any pictures to one with the other
- chiense gov risk is tech and data of their citizens. Shein doesn’t operate in China so tbh for the Chinese gov this is great. It’s a form of economic warfare to the west by undercutting our companies (they get tax benefits to be a sole exporter)

Shein will need a proper gov intervention to stop it. Annoyingly it was Trumps move that helped them as it raised the minimum parcel value for customs

But with the Russia situation I can’t see anyone turning vision to China atm and poking the bear

Sold out in full confirmed

https://m.marketscreener.com/quote/stock/BLACKROCK-INCOME-AND-GROW-4003793/news/BlackRock-Income-and-Growth-Investment-Trust-Plc-Portfolio-Update-39533101/

Their point is valid re cashflow but as stated we have £530m on hand and no need for repayment of loan until 2026

RCF is undrawn

Ingenuity is the main demand on cash via capex and each day it grows and grows and starts to support itself

We really need supply chain headwinds to start to ease

£530m of gross cash and a £515m loan which isn't due until 2026

There is also an RCF of £170m which is undrawn

Capex this year will be c.£200m so will cover from earnings as long as we stay at these current levels of pressure

THG can ride out the next 12 months easy and that should be plenty of time for supply chains to have corrected and whey market normalised

You have to think as much as this pain hurts this could be a great long term win as smaller competitors fail or are materially weakened

Really need to hope that Ingenuity is still growing as aggressively as it was as that might be needed to help get Nutrition over it's current bump

I think we are saying we’d like to but we know now isn’t the time

But adding to the own brand beauty portfolio is a key strategy for the beauty division

As I say maybe they should try launching some own brands. We have nothing in make up. Do what Sephora do and try a celeb collab

Given the data, in- house manufacturing and also brand ability but lack of cash for M&A they should try launching some own brands

Asos have some this to fairly decent success

T4G I couldn’t sort you points on data? You’re hungover from last night I think

I gave you 4 different example of tech businesses telling us direct from the source how they all employ 100’s of data scientists. You gave no evidence of how many boohoo employ or even where they are

I gave you examples of spend on IT and data infrastructure at those four businesses. You said boohoo use salesforce but couldn’t explain why buying an off the shelf package beats what everyone else in the industry has done. I mean every other tech business should be fired?

I told what Asos is capable of in terms of data (personalised edits, responsive messaging, size prediction) and you gave what example of what boohoo can do? Oh yeah you couldn’t as apart from having a CRM and trend analysis there is no deeper use of the data

Your whole push back was the same as rags childish points of “well you don’t know” but again point to nothing tangible

Someone stuck with bbqs isn’t relevant to fashion so I don’t see the reference to your original point. The point is that rag doesn’t understand boohoo’s business. Boohoo is built on test and repeat and he doesn’t think that works and his own business isn’t set up for that

So he’s not in the same industry as boohoo. He’s a guy who supplies small generic order stuff not the core test and repeat business

Also add to that how he couldn’t explain how U.K. manufacturing was the same speed as getting from Turkey. It’s not but he swore it was

So I’d be careful T4G

My point is to demean his business it’s pointing out that he’s not in tbe “fast fashion” business which you believe he is

He was same as you. Tells everyone “wrong” but points to nothing tangible

But please tell me how I know nothing about data when even the boohoo ceo says what you’re saying isn’t right!

I mean that’s the funniest part. What you’re telling me I know nothing about the ceo of the company even tells you from his mouth they didn’t have live data insights! Moonpig, THG and Asos all do. And have the labour required to take the meaningful insights

But yeah me and all the tangible evidence must be wrong. Please point to absolutely nothing again to prove me wrong

A brilliant article and for me shows why the dermalogica point doesn’t stand

The intel, data and insight sites like lookfantastic gather is essential for brands to know how to reach customers needs

You stop supplying THG and you risk losing access to that customer base which 1) wants greatest range and 2) is seeking brands and ingredients as an educated consumer

What is also exciting here for THG and they gave this as an example with Christophe Robin over lockdown is these sites give us insight into trends LIVE as they are searched

That search is exclusive to us. And then as we have a portfolio of brands and our own manufacturing we can have a product to market even has a clue

The THG own brands are a good stable but we do need more and the current ones can grow

Don’t think that applies to skincare tbh

Look at their beauty brands on wiki only Dermatologica is a brand THG would sell

Then see how many items the retailers stock
LF - 107
Asos - 34
John Lewis - 88
Feel uniqiue - 94
Beauty Bay - 109

LF is a running a site wide promo but so is Beauty Bay and others

As I said this is how I used to shop Ralph Lauren when I was younger (only through Asos). Apparently Ralph kicked off but now they even sell exclusive with Asos and collabs

These sites are how brands get the younger shoppers. Without Asos Ralph would have been for old guys at the golf course but now it’s retouched a new audience

Dermalogica isn’t discounted. The price is the same. The basket is discounted. Asos was same with Ralph. The shirt was £90 but I got 20% off basket. So my perceived value as a £90 shirt and Asos eating the difference