Member Info for Mattyboy-

Board stooped to new lows yesterday.
‘Kindness’ your posts were appalling and inexcusable….reported.

Boris removing all restrictions end of the month.
I expect a big splurge of all those COVID savings as we open up.Holiday bookings booming will drive sales to further highs.Think we’ll see big growth figures in second quarter and shorts buying back.Margins creeping back as temporary headwinds recede.
Expect Boris to announce package of help with energy prices too.
Our 16-30 demographic will be the least affected by cost of living increase.

Think we’ll climb back throughout the year as the globe opens back up.£2.50-£3.00 end of ‘22.

Couple of new nasties turn up late and ‘we’re all going to get slaughtered’

Oh dear…

…cut to 5 days.Just announced.

Good news for supply chains.

They landed on an ‘expectation’ as did ASOS.One you’ll accept, the other you won’t.
Anyway I ‘expect’ you’ll argue this for the next 4 years at least and you’re boring me now. Save it for bullying Rag with cameras and Pennywise.

That’s arguing for arguings’ sake.How can Boo’s ‘expectation’ on Omicron be anything other than finger in the air??Your response is nonsensical.

And yesterday’s afternoon dump(if you’ll excuse the expression) goes to show the shorts have no ‘research or insider info’ available to them that other people don’t have based on the fact that ASOS RNS was in line with forecast.
They were attempting to give the impression that news had been leaked in order to get people to sell.And of course the board filled with pond life at the same time time.
Hopefully this kind of manipulation will begin to get scrutinised as is starting to happen in the States.

From Boo……“This reflects our ‘expectation’ that the factors impacting our performance in the Period persist through the remainder of the financial year, and recent developments surrounding the Omicron variant could pose further demand uncertainty and elevated returns rates particularly in January and February"…….this ‘expectation’ you are happy to accept…there is no modelling forward within the above statement based on known facts.

From ASOS…..”Trends ‘expected’ to improve across the remainder of the year as peak-related supply chain bottlenecks ease and stock profile normalisesLow to mid-single digit price increases have been taken to mitigate cost inflation going forward across both ASOS and partner brandsReturns rate has normalised in line with expectations”…….and this ‘expectation’ you won’t accept.

the shorts will do another coordinated dump of borrowed shares again at some point today as they manipulated yesterday.
Go for it…you gotta buy them back and headwinds are easing up.

So it’s ok for you to rely on the word ‘expect’ when it’s suits your opinion but not for anyone else to use it in a post you don’t agree with?

“Trends expected to improve across the remainder of the year as peak-related supply chain bottlenecks ease and stock profile normalisesLow to mid-single digit price increases have been taken to mitigate cost inflation going forward across both ASOS and partner brandsReturns rate has normalised in line with expectations”

Whatever suits your argument.

'Asos is now back at pre covid levels of return and boohoo is above'....due to 'exceptionally high dress mix' vs 'demand for going out wear'.

'exceptionally high dress mix' as opposed to 'demand for going out wear' is the clue.

ASOS returns normalisation driven by dress returns.

NORMALISATION of returns has been driven by the return of party dresses.COVID is still here if you hadn't noticed so your 'stay in clothes' comment still applies.This is not a BOO quality issue.You made that up.

Not getting into a Ragtrade with you Dan.
Returns were not NORMAL. They have NORMALISED, the factor most likely being party dresses.NOT a quality issue as you made up.

No it isn;t.
If returns were consistent then they would have used the word NORMAL.
NORMALISED indicates at some point they were NOT NORMAL.
It is pretty clear.
You can twist it as much as you like.

And they didn't say they had normal return rates.....they said they had NORMALISED.....in other words they had increased(possibly to the levels we saw) and have now returned to normal.

How can you expect anything other than 'expectation' on a forward looking statement?

' as peak-related supply chain bottlenecks ease '
'Returns rate has normalised in line with expectations'

'As expected, gross margin decreased by 400 bps to 43.0% driven by heightened clearance activity to shift slow-moving '21 spring / summer stock, elevated freight costs, and use of air freight to circumvent supply chain constraints and maximise peak trading. Trends expected to improve across the remainder of the year as peak-related supply chain bottlenecks ease and stock profile normalises
Low to mid-single digit price increases have been taken to mitigate cost inflation going forward across both ASOS and partner brands
Returns rate has normalised in line with expectations'

As I said….he just does not get the fact that people in our demographic 16-30 choose brand over cost.

Ask a teenager if they want a Boohooman branded hoodie for £40 or a Primark one for £5.
I’m telling you 100% they’ll pick Boohooman every time.

Hi Osingh….he persistently uses ‘Kameena’ as a derogatory term for Kamani and ‘Kallu’ is Indian too so it’s pretty safe to assume he’s Indian.
My point was that maybe the Indian fashion culture for Boos age demographic is cost based as opposed to British culture which tends to be based on brand.
I have no other explanation as to why he fails to grasp that other than he just doesn’t want to as it doesn’t align with his agenda.