Competitive Landscape6 Jun 2023 18:29
There is no shortage of online clothes retailers.
This is a highly competitive market.
It is also a market that has been struggling recently.
After a covid-related boom where everyone had to shop online, shoppers have increasingly returned to the high street.
On top of this, businesses have struggled with increasing costs and increasing customer returns.
Even some of the biggest companies in the sector, such as Boohoo and ASOS, are forecast to be loss-making this year too, i.e. for end of year 2024.
It is easier to get out of shares and get back in if things change, rather than hoping and holding.