Member Info for Peoplepower1

Personally, I would have thought Umar Kamani would have eventually taken over as CEO of the Boohoo Group.

The fact that he's leaving doesn't bide well for me.

The US is now expected to go into recession and lead the world into recession.

https://www.drapersonline.com/companies/directory/boohoo/debenhams-buying-director-departs-boohoo

Pessimism
Need a revolving credit facility of £300m to operate the business day to day
Huge competition in USA from cheaper Chinese online fast fashion Shein and Temu, now in UK too.
Higher interest rates to last for longer.
Inflation to last longer
Wages going up
Energy prices still high
Cost of living still high
China and US in trade dispute could affect supply chains
US Distribution Centre not open yet.
$197m gift cards can be combined for take up
Free shipping available to California for single gift cards adds to costs

The more sellers you get the more the share price goes down.

The more buyers you get the more the share price goes up.

It's no more complicated than this.

Share Prices go up when there are more buyers.

Share Prices go down when there are more sellers.

It's as simple as that.

Sosander now on the retreat.

More buyers means the share price goes up.

More sellers means the share price goes down.

This is what happens with all shares.

Guess what, Sosandar are down today too. Oooops .........

See what I mean. They must prove how clever they are. They got the BBC article wrong, so they have to prove they were right somewhere else. They can't admit being wrong.

Same old way of operating all the time on here.

Best to ignore them because they hate being ignored.

They can't cope with being ignored.

As I said they'll use anything to prove they're right when they're so wrong.

If only, they spent the same amount of time learning about their investments and investing.

They hate to be wrong and so must always argue and argue that they're right, no matter how obvious it is that they're wrong.

Sad people who will never learn.

I'm so glad I'm not like them.

And they love to pose all sorts of questions and statements to try to prove how right they are, when they're wrong.

They simply can never admit they're wrong.

If you can never admit you're wrong then how can you possibly learn from your mistakes. Maybe they think they never make mistakes and keep making the same old mistakes over and over and over again.

I'm so glad I'm not them.

Articles can take a while to be picked up by other outlets.

It amazes me how little some posters on here use their brains to work things out and much prefer to jump to their own wrong conclusions.

Then they can never say I was wrong when it's obvious they are so wrong in their deductions.

And love to waste other people's time on here by arguing they're right when they're so wrong.

Have you read the EID narrative at the top? Shoppers have found the same clothes under the EID narrative for last year in an archived page. This is what is meant by archived in this BBC article today about PLT.

Let's not allow the truth get in the way on here.

Let's keep denying any negatives about Boohoo, PLT, etc.

When will we ever learn?

It looks to me like they're selling the same clothes from last year's EDI For this year's EID.

https://www.prettylittlething.com/shop-by/eid.html?refresh=1681915673935

The EID Collection on the PLT website.

My understanding is that these clothes were on PLT last year and PLT are trying to sell the same clothes this year too.

For me, I think charts will be extremely hard to do because of what's happening worldwide today like inflation, interest rates, warmongering, so it's no wonder the Boohoo chart is all over the place for you.

It's certainly not good PR to be caught out trying to sell last year's EID Collection for this year's EID Collection.

No wonder Umar Kamani is leaving PLT.

From my understanding of the article, PLT are trying to sell the same EID Collection of clothes from last year for this year.

So it looks like PLT are trying to sell off old clothes from last year for this year too and have been caught out doing this.