RE: Mike Ashley, Shein, Missguided18 Sep 2023 02:00
WeeWee - Conversion rate for fy 2021 was 4.28% and fy 2020 was 4.26%. Conversion rate for fy 2023 was 3.74% . 4.28% to 3.74% is a decline of about 15% in conversion rates.
Klarna charge businesses a set fee plus interest of up to 5.99% for each transaction through Klarna. Klarna is much more expensive for businesses to provide than Visa.
Boohoo have already stated that returns for fy 2023 were higher than pre-pandemic. This was for a year where Boohoo's revenue was down from I believe nearly £2bn to £1.77bn.
t4g - if you can't be transparent with your calculations on returns, then, for me, you're not to be trusted.
Please read my posts in full and more than once, so you don't jump to conclusions about what you think I've said in my posts.