Member Info for Peoplepower1

T4g - of course you do. This means your calculation is wrong.

T4g - tell us how you worked it out, so we can be sure you've got the figure right.

I would think you won't give us this, in case you're wrong and you hate being wrong.

So, no calculations from you, what a surprise?

T4g - tell us how you worked it out, so we can be sure you've got the figure right.

I would think you won't give us this, in case you're wrong and you hate being wrong.

T4g - I'm guessing your returns figure is only for those paying the £1.99 return fee.

What about the return figures for those customers who pay £9.99 for free delivery and free returns for a whole year?

If it was £10m for H@ how come no figure was specified for H1? I'm guessing because H1 was even higher for returns than H2.

T4g - Is the number for all returns or only for those paying £1.99 return fee?

£20m is for those paying £1.99 for their returns.

What about those who don't pay anything for returns? They pay £9.99 for free delivery and returns..

No mention of them whatsoever.

In 2022 the estimate for online fashion returns was 33% with an expectation for this to rise to 50%.

Why do you think Shein allow some of their customers to keep items when they want to return them?

The cost of returning them is more expensive.

Why do you think Boohoo don't actually give the exact return figures?

Think about it. It can't be because the figures are low. It's because Boohoo's return figures are so high.

Poor scb still living in fantasy land about Boohoo.

You didn't even know about klarna and how it worked.

How much more don't you know about Boohoo?

You'll learn the hard way, sadly.

It's a bit like putting your head in the sand about Shein, Temu and loads of competition out there.

So, let's put our heads in the sand about Boohoo returns too.

Your choice, your money.

WeeWee - that's the guesstimates I've read that it's up to 50% returns for Boohoo.

The Boohoo figures given are revenue generated from the £1.99 return fee. No mention of those who get free returns. Hence, why you need to think things through and not take them at face value.

You can be sure the Americans are even more savvy on buying, wearing and returning using buy now, pay later facilities.

They generated £10m in returns for H2 so presumably double that to include H1 which is £20m. They're only telling you about those who paid £1.99 for returns.

What about the ones who don't pay for returns at all? They pay something like £9.99 for free delivery and free returns.

So, you don't know exactly what are the return figures?

Average items per package are 3, what about the many purchases of more than 3 items at a time?

Group Overview

Gross sales before returns were flat; however, return rates climbed above pre-pandemic levels following the exceptionally low levels seen during the pandemic and in the early half of the previous year, which impacted net sales growth.

From the RNS on fy 2023 - as I keep saying it is so important to read all RNS' in full and more than once.

T4g - as usual you haven't read the RNS for the fy 2023. It states in there that returns were higher than pre-pandemic.

Boohoo doesn't get £1.99 per item. Boohoo gets £1.99 for maybe 10 or 20 items in one package. £1.99 won't even meet the cost of these returns.

50 million returns in probably bags of 10 or 20 items will cost Boohoo more than £1.99 for these returns.

Boohoo don't have the resources to check each and every item of up to maybe 50 million items returned.

Boohoo's returns are getting even higher because customers are using Klarna to buy items, wear them and return them within 30 days without having to pay a penny for them.

Pay later with Klarna.

Millions of savvy shoppers have already chosen Klarna when shopping at their favourite retailers. Try before you buy and pay in full up to 30 days later, or split the cost into 3 interest-free monthly instalments.*