RE: Overvalued16 Jun 2022 18:05
Ted only recently gave an update and it was good .A story of recovery.Asos and boohoo are only internet based whereas te has shops,wholesale and royalties.Today is an odd day as retail sales in general have been holding up well.But because of these two internet companies all have taken a gigantic hit today .when people realise this there will be a bounce back.As I said yesterday the high returns of boohoo and asos are the main cause of margin loss,which includes the length of time it takes to resell,which is speedier when you have a retail network