Member Info for mt11

Chancellor of the Exchequer announced customs duty on any value of parcel.

No other details yet, so let's wait and see... and yes I know The Times reckons it won't come into effect for a few years but the budget has changed multiple times this year.

@holidayfund077 - it can fall significantly from here. Many of the problems are self-inflicted, stemming from management’s unwillingness to operate more professionally. As I mentioned earlier, there was nothing preventing them from setting the results date for the 27th months ago, they chose not to. They can offer better guidance, they choose not to.

They might be able to block a bid being accepted but they might lose out if a bidder first builds a 30% stake.

Debenhams has gone from a 'powerhouse' to 'leading online fashion group' LOL

I was referring to Debenhams.com rather than the Group in terms of GMV.

Great news! They want to let China buy all our e-commerce businesses before they scrap 'de minimis'.

I'll be surprised if Debenhams.com GMV is falling and their revenue has flat-lined.

As far as I recall AIM companies do no have to publish a RNS on when they will release their results. They could just drop it in the calendar. It is obvious why they have timed it to fall just after the budget. They're Morons because they could have picked this date months ago. Parking that, the last 3-month period ain't the busiest for retailers. The one thing they can signal to is any projected demand for the busier period that we're in now.

We're roughly 60% down from the 52-week high.

Disastrous Dan and the Morons have had a hell of year.

Chunky sales this morning

Debenhams are hoping for a rule change with ‘de minimis’, if they’re smart then they will offer strong guidance on the back of that. PLT sale might hinge on that as well.

Shares down to new ATL this morning.

No surprises in Debenhams (Boohoo) delaying releasing their results until the last moment they can.

Results have to be published by end of play on 28th November 2025.

No news on the sale of PLT either.

Fun times.

- dropping deposits is going to be a issue

- reclassified a Transfer firm with MREL capital equal to minimum capital requirements will be a catalyst if it happens, worth remembering metro have a poor track record in this area with all the promises they made historically

- unsure what the end goal with metro is anymore, are they building it up to be acquired?

Johnhume - Debenhams/Boohoo have up to three months after the end of the interim period to publish the results, which means the deadline is the end of November.

From memory, the earliest they could release the results is around early November, given the 30-day close period and the fact that directors recently purchased shares.

This is all from memory... feel free to fact check and update us if you find any discrepancies.

> Did Watchdog mention that customers are actually incentivised to use store credit for refunds?

I didn't catch this but you're right in as much I know Debenhams offer:

> Any customers who opt for credit return will receive 10% extra on their refund price. The cost of your returns amount will be deducted from the full amount of your refund. We are sorry but any customers who made their purchase using store credit or a gift card will not receive the 10% extra on their refund price.

On the plus the side at least Debenhams/Boohoo had the common sense to avoid it becoming a infinite money glitch lol.

> That is online shopping in a nutshell - its is the business model and always will be.

It seems to have gotten worse recently to a point where ASOS penalise users who refund often and eventually will shut down their accounts.

For what it's worth. Debenhams/Boohoo has offered a full refund via their original payment methods as a "goodwill gesture".

It is what it is.

CWWX - They all will eventually until they are stopped, retailers copy each other a lot. I just seen the full One Show segment and the customers in this case purchased hundreds of pounds of goods knowing they'll send most of it back, that's not sustainable from the businesses' perspective. It is what it is though.

CWWX - SportsDirect would love to refuse refunds for online purchases but they are unable to because of the distance selling regulations which state consumers have a 14-day cooling-off period to cancel an order for goods or services without giving a reason unless it's a bespoke or customised item.

See

https://www.legislation.gov.uk/ukpga/2015/15/section/20

(16) If the consumer paid money under the contract, the trader must give the refund using the same means of payment as the consumer used, unless the consumer expressly agrees otherwise.

The customer is offered the choice. The dark UI/UX pattern is it defaulting to Store Credit, you could argue the default value should be empty until the customer selects an option.

Debenhams are using a dark ui/ux pattern similar to how other companies do when you sign up it's easy, but when you got to cancel you have to call them and sit on the phone for someone to answer. Yes, it sucks, but unsure it's strictly against the law.

I'm not sure sacking him was right but he was wrong, a warning and a email to all staff probably would have been more constructive.

That said it will be interesting to see what else a "common practice" defence can be applied to.

"Ideally the market needs to see Debs market place results ex internal brands on the platform, the capital / stock light model can then be measured"

Agree that they should but they won't.

Southcoastbather - you should write "one thing Dan will never post is a profit" in Dan's LinkedIn comments section until he answers :-)