RE: Sold TUI for boohoo20 Jul 2020 10:43
@biddwolf I actually started working for next in 2003 and was offered shares in their share save scheme for around £7-8 if I remember correctly. I was only 16 it was my weekend job and it was too much hard work setting up an account etc so I didn’t get it. It will forever be my biggest regret in life! I ended up staying with the company for ten years all through my education and for a few years after too and in that time I saw the shares rose to £50. After I left I saw them rise to £70. I guess working for them I never understood the hype around them and didn’t see the shares rising this way! (I still don’t own any shares in Next btw, although they are incredibly cost cutty and their online makes them a lot of money, a lot of their stores don’t bring in much and they keep them open so people can do their online returns easily. It’s their online that really keeps the brand going )
It’s another reason I feel boohoo is a safe bet being online only, a lot of these retail stores don’t make any money due to the overheads