Member Info for JeremyP

Https://www.proactiveinvestors.co.uk/companies/news/1044023/asos-will-need-to-work-hard-to-stay-competitive-analyst-1044023.html

Https://www.sharesmagazine.co.uk/news/shares/why-asos-shares-rallied-10-despite-alarming-first-half-sales-decline

No look at the UT

Plus Shein will lose market share following extended long lead times, European countries fining them and buyers will find their products are rubbish! I also think US sales are going well given the exposure we are seeing on social media etx

Finished at 378.20

Needs to break through and hold

Looks like…

Https://www.retailgazette.co.uk/blog/2024/03/shein-ipo-decision/

Sheins model is screwed they produce 7200 new items a day!

As speculation rages about Chinese “fast fashion” giant Shein listing in London, would-be investors should pay attention to what lawmakers are up to on the other side of the English Channel.

In Brussels today, EU member state representatives are set to discuss a French, Danish and Swedish proposal to restrict exports of textile waste — which have been surging in recent years with the growing popularity of ultra-cheap, in effect disposable, garments from the likes of Shein. Much of the exported material has ended up being dumped in countries such as Ghana and Kenya, causing serious environmental problems. “Africa must no longer be the dustbin of fast fashion,” France’s environment ministry said this month

This is just part of a larger French assault on the fast fashion business model. On March 14, members of the French parliament’s lower house unanimously approved a bill that would impose new restrictions on companies such as Shein.

The new law would require the French government to declare a definition of “very rapid renewal”, in terms of the volume and frequency of new product launches by clothing companies. Any company above the threshold would be banned from advertising. Such companies would also face penalties of up to €10 ($10.80) per item sold if they fail to take appropriate action on the environmental impacts created when consumers dispose of their products.

271 trades today normally over 1000

Hardly any algos traded…

Https://archive.is/2024.03.25-002757/https://www.thetimes.co.uk/article/close-tax-loophole-that-helps-fast-fashion-giants-says-theo-paphitis-27qqf2fw9

Only needs another 500 pts!

Correct interest rates @ 5.25% and banks pay 2% interest!!

US markets like the statement stocks flying

Everyone knows that but the dot plot is 3 cuts this year which is the important part here

Importantly 3 cuts this year they say….over to you Bailey!

Here we go….

Retail Week:

Former Asos chief executive Nick Beighton called Nordstrom “the right partner” when the collaboration was first announced in July 2021. So would now be the right time for the US department store chain to take this partnership to another level – or are Frasers still first in line?

Shore Capital research analyst Eleonora Dani says a potential Asos bidder needs to be tuned into the online fashion retail space in order to make it a success.

“Nordstrom would make sense because Asos needs a business that knows how to engage with shoppers online and that itself has a strong online presence,” she says.

GlobalData retail managing director Neil Saunders says “I think it makes sense from Asos’ point of view to be acquired; I think it would solve a lot of their issues and take a lot of heat off of them.”

A senior fashion retailer told Retail Week that a Nordstrom takeover is certainly a potential option, but questioned whether Mike Ashley’s retail empire might win the battle if it attempts to bring Boohoo and Asos together