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Susannah Streeter, Senior Investment and Markets Analyst at Hargraves and Lansdown, wrote in a note.

“The overall rebound in retail clothing sales as people prepare for parties, weddings and holidays clearly shows there is appetite for Boohoo fashion savvy products, Streeter said. “But it is meeting that demand which has become increasingly difficult.

(Reuters) -British retailer WH Smith (LON:SMWH) said on Wednesday 15 June 2022 its revenue in the third quarter beat pre-pandemic levels for the first time as more people travel to work and tourist return.

The company, which has stores in travel hubs and sells everything from books and sandwiches to Bluetooth headphones, expects its full-year performance to reach the higher end of analysts' forecasts as travel rebounds in the summer season.

London-listed WH Smith continues to see recovery in the North American and British markets, with its total travel business revenue up 123% from 2019 pre-pandemic levels in the 15 weeks to June 11.

H&M is the world’s second biggest fashion retailer, behind Zara and Pull & Bear owner Inditex.

Its Spanish rival posted an 80 per cent leap in first quarter profit last week as shoppers were eager to stock their wardrobes up after Covid lockdown measures were eased.

H&M's Q2 sales beat expectations as it enjoys double-digit rise

H&M had good reason to be happy on Wednesday 15 June 2022 as it reported Q2 sales with a bigger than expected increase.

The world’s second-largest fashion retailer had a good time of it in the March-to-May quarter with net sales rising a healthy 17% year on year, or 12% in local currencies.

https://ww.fashionnetwork.com/news/H-m-s-q2-sales-beat-expectations-as-it-enjoys-double-digit-rise,1414932.html

Key features of Triple Bottom

-- Triple Bottom pattern is formed after a prolonged downtrend. -- When the breakout is followed by strong rising volumes, the signal is said to bear a firm strength. -- Triple Bottom is a bullish reversal chart pattern that analysts prefer to trade on with a long-term outlook.

Bullish triple bottom support hit sounds good to me. Not that I understand it however it sounds good anyway.

I think there are cargo planes that fly to the USA and not just passenger planes. Maybe cargo planes are more expensive, who knows.

Debenhmas isn't going to the USA now, however, that's not to say it's never going to the USA. It's going to take time to get Debenhams right in the UK before considering taking it to the USA.

And then the Bank of England on Thursday will be increasing rates too.

Will that be.25% or.5%?

All down to the Fed now - will it be a .5%, .75% or a 1% interest rate rise from the Fed for the USA?

Boohoo not down as much as Asos and THG today

For me, I see the US Distribution Centre opening for FY2024 in time for maybe a Debenhams launch in US.

Investing for the future

· Significantly increased market share in the UK and US since FY2020. Total group sales +61% since FY2020

· Extended target addressable market through acquisitions, with up to 500 million potential customers

· Increased warehousing and distribution capacity, capable of supporting over £4 billion of net sales

· Plans on track for automation of Sheffield warehouse going live in FY2023, driving material efficiencies, and opening of new distribution centre in the USA in FY2024, transforming delivery proposition

· Strong revenue growth in the UK of 27% YOY, with product, price and proposition resonating with customers

· £125 million of Adjusted EBITDA, down 28% vs. last year, and broadly flat vs two years ago, despite significant freight and logistics cost inflation and record investments across multi-brand platform

· Capital expenditure of £261.5 million, funded using existing cash reserves, including freehold properties and the expansion and automation of the distribution network

Worth reading through these again

By the way Property, plant and equipment is £349.2m in financial results for year ending 28 February 2022.

Filter button is above the post message sign.

More heart attacks coming ........

Heart attacks coming .........

Anger is not good for your health, particularly your heart.

Please remember that those who run down Boohoo may be right or may be looking to buy in as cheaply as possible.

Welcome to a bear market, if you've never been here until now.