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Revenue by channel
-Retail 74%
-Multichannel 23%
-Wholesale 3%
It’s just going to take a bit longer than online retailers to get going naturally. They will need to see how much permanent saws have migrated to multichannel and then if needed adjust store portfolio as per.
2020 has been a year where many businesses have tipped into online predominantly or have accepted that an online presence is fundamental in modern day retail strategy or you won’t last another 12 months.
Boohoo and Asos are excelling at what they do and will occur hiccups along the way. In the style - has struggled Adam frisbey seems to struggle to get a winning formul together. Missguided - Nitin Passi recently underwent a restructure after a disaster year and agreed physical retail is a no go for fast fashion. Missguided came out the blocks fast but have slowed, my personal opinion is Nitin needs help pushing his brand and can’t do it all himself.
Boohoo/ PLT have been market leaders in the last 3/4 years and now need to build on reputation and keeping their name clean.
Only fans - internet fan page as excelled online, Zoom has excelled. People who haven’t used the internet to order over the last few months have now crossed that path, it’s on their phone and they have paid for £9.99 unlimited 12 months delivery.
Intu properties collapse further highlights the problem with physical retail.
I was out in town last weekend and it’s starting to get back to normal. You can’t move on peter street for boohoo dresses then the next day is boohoo/plt comfty joggers on ordering a dominos pizza with wedges while nursing a hangover and spending 3 hours on Instagram.
Boohoo / asos are the leaders and will be for a few more years. If they don’t order from boohoo what is their alternative ? ‘I saw it first perhaps ‘ now that would be a very shrewd move by the family. Missguided? In the style? - struggle to compete, N brown? - brands are naff, JD? is branded and gym wear.
For me the virus hit JD when it was gaining momentum so it’s just had a bit of a slap, UK and US was performing well.
Retail sales were 75% and web sales 25% on 2019 financials haven’t checked the latest. JD does need a high footfall retail to be at its best.
Currently I imagine the board to be improving web offering and using this as an opportunity to negotiate very expensive leases with landlords I’d guess slightly cut some non performing retails stores where possible.
JD isn’t a BOO or ASOS but still a performer once it gets its momentum back.
This is something I’ve never understood why is they knew they were hustling too close to the bone they were flaunting all the cash. This is what happened to Hushpuppi recently. He’s might have gotten away with it if he didn’t or got himself a few extra years.
What worries me on boohoo is it’s nepotism. The head buyer was his girlfriend and all these other friends and family in positions.
It seems like kamani and Kane built a huge ship and were unable to sail it.
Cancel the bonus and clear things up in Leicester then get back to business.
The Kamani are very good at social media and can easily turn this around. No suprise Umar kamani used to have a odd looking 24/7 security guy with him called napper of something like that. Also the Kamani sons need to clean up their Instagram pages it’s full of absolute weak dribble, all that self proclaimed humble brag while wearing a £100k ice AP.
They can do a new clothing collection with all profits going to Leicester homeless and women’s refuge centres.
Also the opportunity for a Collab with Megan Markle.
The market for Boohoo and PLT have already paid £9.99 for free unlimited next day delivery so the loyalty is already locked in.
Boohoo just need to clean themselves up fellow at bonus structure, perhaps FTSE which would clean up decision making and increased audit/ committee.
Share price will medium/ long term decrease mainly according to revenue and profit which I don’t think is currently at risk.
There currently retail redundancies all over the place although slavery claims are important in the grand scheme its small change.
After being impressed initially by this company growth story for me the Kamani family and BOD are in risk of developing a Philip Green reputation if they haven’t already.
The £150m bonus scheme was a pension theft of the shareholders.
Noobz try not to be so anxious.
Out of £6bn owners nobody gives a hoot about your views.
Sorry to hear the news Pdub.
Hi Richken I appreciate posts from yourself and others on this bb.
You mentioned US$15 per kilo cost price but can only see US$18+ per kilo currently while benefiting from a favourable exchange rate. Can you point me to where $15 was stated please.