Member Info for Peoplepower1

I think what we're all missing is that it is about beating the share market and not beating people.

It's about learning how to beat the share market, we won't always get it right, we'll lose money, we'll make money. The most important thing is to learn from our mistakes.

If we don't learn from our mistakes, then we'll never beat the share market.

It sounds like you're a long term holder too, Buffaloben and making the same mistake I made.

That's your choice.

My choice is to learn from my mistakes.

Again, at least I learnt and admitted my mistake.

If you can rub someone's nose in it then why not. Is this how you communicate face to face with people by continually rubbing their noses in it.

Well if it is, I doubt if you have many people who would even entertain you face to face.

Please note the term revenue is used on Boohoo's interim results and not the word sales.

Maybe do a little bit of reading yourself before posting WolfofWarks.

WolfofWarks - another one who thinks he knows everything and isn't prepared to look at what's ahead of him

You think because you've been involved in setting up a couple of RCFs that you're an expert. You're not.

As a long term holder read the links in full and learn about the billions lost on returns by people who wear clothes and return them.

Then call it revenue and not sales. Or maybe you're using obfuscation too.

Gross revenue doesn't include returns. Simple.

Reardon95 - maybe you need to read all the links in full before posting such comments.

As a long term holder of Boohoo shares you need to know all this whether you like it or not.

As I keep saying.

At least I've learnt and admitted my mistake.

Too many on here are not willing to learn and admit their mistakes.

However, they love to rub my nose in it, whilst still not learning and admitting their own mistakes.

What does that say about them?

At least I learnt and admitted my mistake.

Too many on here now are not willing to learn and admit their mistakes.

So maybe you need to keep reminding them.

More and more people are learning how to return clothes they've worn.

Read all the links below in full.

If you're a long term holder of Boohoo shares, then you need to know everything that's going on which could affect your shares.

https://www.360idtag.com/blogs/news/what-is-wardrobing-return-abuse

https://www.quora.com/Can-you-return-unwashed-unworn-clothing-with-the-tag-removed-if-you-still-have-the-receipt-and-tag

https://www.dailymail.co.uk/femail/article-2514675/Confessions-returnaholic-The-extreme-tactics-woman-uses-refund-wearing-clothes--matter-old-are.html

https://www.mirror.co.uk/money/money-talks-is-ever-ok-25434371

https://eu.jacksonville.com/story/news/2010/01/27/dare-to-ask-why-do-some-people-wear-clothes-wi/15958090007/

https://www.thesun.co.uk/fabulous/9873468/keeping-tags-worn-clothing-return/

From the Interim Results RNS on 28 September 2022:-

Net revenue declined 10% in the first half year:

As previously guided returns rates up significantly year on year, and ahead of pre-pandemic levels

UK revenues declined 4%, softening through the second quarter as inflationary pressures increased and consumer demand appears to have been impacted by cost of living pressures.

Read, read, read everything you can find about Boohoo if you're a long term holder.

The young people are saying they leave the tags on the garments, wear them out and return them.

Why don't you research the return rates for the industry and compare them instead of posting on here? Try doing some work for yourself. You're the one holding Boohoo shares so you should be doing all this already.

So from Boohoo itself stated on their RNS for the Interim Results on 28 September 2022:-

"As previously guided returns rates up significantly year on year, and ahead of pre-pandemic levels"

From the Interim Results RNS on 28 September 2022:-

Net revenue declined 10% in the first half year:

As previously guided returns rates up significantly year on year, and ahead of pre-pandemic levels

UK revenues declined 4%, softening through the second quarter as inflationary pressures increased and consumer demand appears to have been impacted by cost of living pressures.

I have read about this in so many articles. This is what young people are doing.

I don't think the labels will be obvious, do you? Labels are usually inside a garment and not on the outside.

I think Boohoo's return rate is something like 30%.

It was gross and net revenue, i.e. revenue not sales.

Gross Revenue doesn't include returns.