Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"We've become immune to these types of allegations. There's no transparency from Shein, or other fast fashion labels like BooHoo and Missguided."
Above quote from one of your links below.
This may well be another reason why fast fashion companies' revenues are declining. Young people becoming more and more aware of all this.
West6809 - it's because we are able to think outside the box. Holding shares can prevent you from doing this because you can only look at the positives and rarely look at the negatives.
I don't want a debate with you because it's time wasting for both of us.
Stores revenue for Card Factory was up 10.5%, whilst online was down 13%.
People are getting out and about to shop. Fed up of being indoors, whether it's working from home and a need to get out, or maybe, even getting tired of buying online and wanting to see the real thing again.
Shein aren't going away, Temu aren't going away. Too much competition online now. There will be more and more competition online because it's cheap to set up a website and sell.
People have returned to bricks and mortar. People got fed up of being indoors and buying online during the pandemic. They want to get out and about now. Card Factory's recent results show stores' revenue growing whilst online is falling fast.
Cost of living is still affecting customers. Interest rates are high and are expected to remain high to the end of 2024. Oil is going up for people's petrol, bus, train fares and heating their homes in winter. This will push inflation up again.
Here's who provided Shein's funding in May 2023 -
Shein's rich backers are Capital, General Atlantic and the U.A.E. sovereign-wealth fund Mubadala.
Both Sequoia and General Atlantic invested in previous Shein funding rounds.
Investors in the last Shein round were allotted more shares in the company to maintain the size of their stakes, the people added.
This link is from the 30 January 2023.
Shein have already raised these funds in May 2023.
If Shein are slowing, then Boohoo are slowing too.
Not my mistake t4g - Forex.com's mistake - check the link below:-
https://www.forex.com/ie/news-and-analysis/earnings-to-watch-this-week-to-2023-10-06/
Boohoo has promised to return to profitable growth in the second half of 2023. That means results will be uninspiring when it releases first half results and pushes the onus onto the outlook.
Let’s start with the first half. Revenue is forecast to fall 12.6% to £771.1 million, in the middle of its guidance for a 10% to 15% drop as sales contract in all its markets. That, in turn, is expected to lead adjusted Ebitda – its headline earnings measure – down 10.2% to £31.9 million. Boohoo is seen turning to an adjusted pretax loss of £12.7 million from the small profit delivered the year before.
Commentary around inventory could be a good indicator of how much progress it is making. Boohoo made a big dent last year as it tries to become faster and leaner. Athleisure giant Nike won applause this week after reducing inventories more than expected, and Boohoo could see a similar benefit if it can impress on this front. Inventories are significant as they have a big impact on profitability and cashflow.
The weak performance in the first half will only raise pressure on the second. Boohoo has said it is aiming to deliver flat to 5% growth in sales and increase adjusted Ebitda over the full year. That suggests it has a mammoth turnaround to deliver considering the sharpness of the falls in sales and earnings forecast in the first.
Any beat in the first half would raise confidence it can meet guidance in the second, while any softness in the results may cast doubt over its outlook. Either way, Boohoo needs to reiterate its full year targets to avoid upsetting the markets. The worry for investors will be how the deterioration in the economic outlook, as well as increasing competition from foreign and domestic rivals, will impact Boohoo’s recovery.
Never discount nor dismiss the squiggly lines. They can tell you what's happening before the fundamentals catch up with them.
Support seems to be at 31.79p. Boohoo has closed today at 31.58p so now looking at 30p.
No-one makes you behave in a certain way. You choose how to behave on here and elsewhere. So don't blame others for how you choose to behave. Your behaviour is your responsibility. To blame someone else for how you behave is coercion.
If Boohoo could may be show some growth, then it may be an investment, even for me.
Until then, it's not worth an investment for me.
Yes, I look closely at Boohoo and its updates. I've known Boohoo inside out and upside down from 2015, so it's interesting to see if it can turn itself around. It's a good learning exercise for me.
Maybe a reason not to trust positive reviews for Amazon and others.
https://www.which.co.uk/news/article/one-in-10-amazon-customers-offered-bribes-for-positive-reviews-aUARn0z1qLUu?utm_source=ExactTarget&utm_medium=Email&utm_campaign=4353150-C_WS_EM_290923_control&mi_u=213963414&mi_ecmp=C_WS_EM_290923_control
Aarin Chiekrie, equity analyst, Hargreaves Lansdown: “Boohoo [LON:BOO] was having a tough time in the last update, with full-year revenue down 13% to £1.8bn ignoring exchange rates.
Sales declined across all regions, most notably falling at double-digit rates in the USA, which is seen as the group’s route to major growth.
Investors are looking forward to hearing whether Boohoo’s managed to stem the bleeding in next week’s half-year results, as well as how and when the group plans to return to growth.
With revenue expected to decline between 10-15% in the first half, Boohoo’s going to have to streamline its operations if it wants to keep full-year profit targets on track.
Falling goods cost inflation and much lower shipping costs should provide a slight tailwind too, easing some of the pressure on margins.
A small net cash position at the last count means there’s no immediate cash crunch and gives some wiggle room to turn things around.
But, if active customer numbers continue falling, it’ll be very hard to drive profits in the right direction again.”
Https://www.tripadvisor.co.uk/ShowUserReviews-g186338-d188816-r914113414-Debenhams-London_England.html#REVIEWS
Reviews for Debenhams - highest rating is terrible.
Do some market research, ask your wife, daughters, sisters, when they last bought from Debenhams?
Ask them to ask their friends the same question and let you know their answers.
Next is top of the league. Debenhams is bottom of the league.
WeeWee - to belittle someone is a cruel way of making someone else seem less important than yourself.
Cruelty is hatred and belittling is hate speech.
WeeWee - simpleton, devious ramblings is trying to belittle a poster. Belittling a poster is hate and the words used to do this are hate speech.
WeeWee - always gets it wrong. Had to pick apart the statement made by PDS2023 about the revolving credit facility. thinking it was mine.
I have to say I prefer PDS2023's description for RCF to yours.
Always helps WeeWee to read the thread of posts before posting, so you don't keep getting it wrong.
Poor WeeWee you have to feel sorry for him.
West6809 - for me, hate speech is not freedom of speech and too much hate speech by t4g, WeeWee, BB. It doesn't serve any purpose whatsoever on here. It's hate speech caused by their own frustration with themselves. No-one needs to be subjected to this.
I'm not into a debate with you on this because you will disagree with it. It's time wasting for both of us.