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https://www.google.com/amp/s/amp.theguardian.com/fashion/2020/dec/10/topshop-administrators-seek-bids-200m-fashion-chain

Mentioned as front runners and Green is backing

@Mr can you provide a link for this

The worry was never us having an auditor. Of course we will get an auditor

The worry was more “what might PWC have seen” given they have been under the covers

That the top firms stepped away was also just sentiment. Boo will get an auditor RSM or Mazars would be big enough and happily take it

It will land with EY though

Boo has only done last years as a black friday announcement off its own back

the one the year before was as Asos had a profit warning so boo updated to say all was great with them

I think comparing our product to our competitors is 100% relevant

It's what our customers do all the time. If you aren't doing it how will you know when boo has lost it's edge

Boo - cheapest out there - if it's not that's a problem
PLT - cool and has a great following - if it's not cool that's a problem

You should 100% be tracking this

How do we know this?

New brand ambassador - 15.3m insta followers

Averages c.350k likes per photo so her engagement is HUGE. PLT get c.40k each post

She'll be a great asset!

@K - can't go any further with you sorry. My friends were all at uni 09 - 12 (extra years and staggered ages) this was arguably peak fall out of the last recesssion. Needless to say they all have fat loans and thin memories of what they paid for

Students want to make the most of going to uni not making the most of saving for a house! They are their to get a life not sit and bean count

Hospitality will bounce back we all agree - the wall of cash will drive discretionary spending it already has with new car sales etc

Students always have student loans so that’s a huge chunk of customers sorted

Wall of cash? Parents pass to kids. This happens all the time. Yeah this year there has been a boost “revenge” purchases ie cars but next year they don’t need another new car so this money will soon flow to kids and children

Especially as “little Timmy” has had such a tough year and not made the most of his “life changing” uni experience

@K Sorry you're way off. Your comment is like we are all going to walk around in rags!

Primark customers aren't boo customers (none of the que of karen and sandra's outside the manchester store are Boo shoppers). Boo shoppers are students, teenagers and young adults. We have just had a year with no social interaction and the country sat on a wall of cash (consumer credit at its lowest). When this is over the social and nightlife will boom and these demographic will happily spend their last money on a night out than other things

Our audience isn't a family of four! ha - "buying staples?" are you mad

@K but you point on returns is just your view. the data from the lockdown and other recessions shows that shoppers just buy less but return less. Your view is just wrong and no consumer evidence to support it

Rents - fine if they are free but costs a tonne to stock all the stores. Also trialing we discussed is basically blind fishing for store (arcadia make c.300 pieces to send to 5 - 10 stores to gauge interest is laughable) compared to boo which can see the whole country in one go

We see the trend weeks before high st. We then mop up the sales. By the time high street has stock (sufficient to stock it's shelves) that item isn't wanted and then they are stock with 200 stores full of clothes which aren't fashion in all sizes as they have no idea who the consumer will be

free rent levels the playing field? no this isn't a cost game its a data and revenue game

@K you're comment is not what the historical data has shown

Yes, customers were more choosy but this was at the front end ie they ordered less but kept more so our returns cost fell (DRAMATICALLY). Like it or not my I see this with my gf all the time she will take things out of her basket as the "amount looks too high" when I say might as well order it all try it and return it but this isn't the mindset. Also she could do that as we have flexible credit but for Boo's target audience they can't sit with £500 out of their account for a week or two so this really isn't the reality. Klarna is only a small amount of credit

Will stores have a lower cost of operating? No, we have answered this for your two or three times now and the answer is stock drag both at the front as they can't trial as effectively as Boo, they can't use the customer data to drive further engagement and upsell and three the huge tonne of stock that has to sent to all stores even if it doesn't sell (and they won't know it won't sell until it gets there)

from this is money

"Speaking to the BBC Today programme, Frasers' chief financial officer Chris Wootton said they were interested in Arcadia, 'but the process has only just started so there's a long way to go as to ascertain what - if anything - we look at with that'."

I think MA will go for the smaller brands as these will be cheap. 100% could be wrong as he is certainly a man of ambition. His bid for Topshop could top our purely on the basis of keep stores which we can't do

From the quote above though we shouldn't expect any Topshop news soon which is disappointing

I don’t think it’s racism. There are plenty of businesses that get beaten this way

I think it is a case that a lot of these MPs will now have a bigger wave of unemployment as retail has collapsed and being seen to be tough on online traders is seen as good. Boo just happens to be the one under the cosh as it had a lot of negative PR in the summer

The problem is sometimes they just want a scalp.

Doesn’t matter the logic or reason at that point.

I’m worried there are a few sharpened knives.

Agree. Also I tried that website and I got a completely different set of numbers to those above!

The big banks have this data and analysis and they will have some freshly minted analyst doing nothing but mining this data and building it into a model

If they were seeing something worrying they wouldn’t be buying

ESG is boo’s biggest drag atm. Having that stamp meant so many funds could buy but they now can’t. I’m having the same issue with Glen

I’ll just add to both as when they get the stamp it’s a home run

Can you share the app data?

Thanks - do you know how App traffic factors in or is this purely people who typed Boohoo into Google?

@Realism thanks for the data you provided. Can you provide links to how you go those I'm interested in some analysis of my own

I get boo's figures look poor but there is always going to be competition between boo and PLT directly but now we own all of PLT this is perhaps less of an issue

Long term growth for the group is set at 20% so maturity in the larger brands and over achieving in the smaller brands gives you the blended average required to meet expectations

@Realisminvestor2 also %'s are always misleading as it ignores the # value

1 going to 2 is 100% increased but i'd rather have 1,000,000 going to 1,150,000