Member Info for Peoplepower1

Online sales for Inditex, owner of Zara, rose by 50% year-on-year during the quarter, and were up 95% year-on-year in April. Online sales looking good for Boohoo Group too.

Inditex, the owner of Zara, said online sales surged 95% in April as its stores were closed during the coronavirus lockdown in much of Europe. That sounds good for Boohoo Group too.

Inditex, the owner of Zara, said online sales surged 95% in April as its stores were closed during the coronavirus lockdown in much of Europe. The company said it expected part of the shift to be permanent, with a quarter of sales expected to be online in 2022, up from 14% in 2019.

Even so, the firm booked its first-ever quarterly loss as sales overall dived. Sales fell to €3.3bn (£2.9bn) for the first three months of the month, down from €5.9bn a year earlier. That led to a quarterly loss of €409m for the Spanish firm, which also owns the Bershka and Pull & Bear brands.

"Lockdown is accelerating existing trends, forcing retailers to acknowledge the digital age has dawned," said Sophie Lund-Yates, from stockbroker Hargreaves Lansdown.

"The Zara owners were already working towards improving their online capabilities but lockdown has ushered in a new urgency."

She highlighted Zara's success in managing its stock levels. Inventory fell 10% in April, she said, "in stark contrast to the likes of M&S or Primark who have been lumbered with swollen piles of stock".

Inditex said it would spend €900m a year for the next three years on big, centralised stores and its online platform. It will close more than 1,000 smaller stores in the process.

The firm has a big advantage over many High Street competitors, thanks to its cash reserves.
It has €5.8bn, compared with €6.7bn last year.

https://www.cap-xx.com/contact/

You're right Tony_P, the address is already on the contact list in the link above.

The CAP-XX Share price has been 3p bid and 3.30p ask since 5 June 2020 so it's holding up well.

ADBB - I think it's people selling who may be worried that the shops are opening and this will affect Boohoo sales. I can't see it myself because of all the social distancing in place. The numbers of Boohoo shares changing hands is very small each day that the share price has gone down. Shares do go up and down even Boohoo. I've always held through all the ups and downs because Boohoo always comes back and even stronger. Boohoo is an excellent share, with excellent management, no debt and £350 million net cash to spend on failing brands. Boohoo are superb at buying failing brands, integrating them and turning them around within 2 years.

Tysonfury123 - I'm also invested in Boohoo and have been since 2015. I bought at 27p and they're now 383p. I buy for the long term and by long term I mean 10 years plus. I will be keeping my Boohoo shares for at least another 10 years and probably even longer. I have two shares CAP-XX and Boohoo. I like to have the time to research thoroughly and to keep up to date with what's going on with each of them hence why I have only two shares.

https://www.canberratimes.com.au/story/6765784/revisiting-the-1970s-the-best-bits-trending/?cs=14259#gsc.tab=0

Click on the post and check out the 1970s trending trousers from Boohoo in Australia for Winter.

CAP-XX have appointed two new vice presidents for sales within about the last year. One for Europe Marco Ranelli and the other one for the Americas who was recruited from Ioxus.

I would expect them to be increasing sales with the existing Murata customers and finding new sales for the Murata's CAP-XX supercapacitors and for the 3v prismatic supercapacitors.

For me, the way for CAP-XX to expand is by having control over their own manufacturing and sales.

Supercaps can double the lifetime of batteries. This also helps the planet and saves on waste too. We need to educate everyone on this so supercaps are used with batteries by manufacturers in all their products.

I'm happy with the payment to John Lyttle too, Laughton.

Onwards and upwards for the Boohoo share price.

On page 10 of the link in my post below for Murata's CAP-XX supercaps:-

3.

When you have a problem about low battery power, Murata’s supercapacitors can support it. Connecting the supercapacitor to your battery in parallel can boost the power in your device (Fig. 17). This will enable you to improve product performance and quality. For example, it can improve RF transmission distance to be long, bass sound quality and so on.

On page 8 of the link in my post below for Murata's CAP-XX supercaps.

2.3. High power

Murata’s supercapacitors have high power in a slim package. Lithium coin batteries (Li-MnO2), lithium thionyl chloride batteries (Li-SOCl2) etc are being used widely in long-life devices. However those batteries have only quite low power (Fig. 14). In this reason, devices with those batteries are limited to low power function. Even though alkaline batteries or small lithium ion batteries have higher power, it will have shorter life time under high-power load. Murata’s supercapacitors can assist those batteries for high-power function or long-time working with their quite higher power (Fig. 14).

https://www.murata.com/~/media/webrenewal/products/capacitor/edlc/techguide/electrical/edlc_technical_note.pdf

Useful reading on Murata's CAP-XX supercaps.

From the RNS on 16 March 2020 for the Interim Results:-

Work continues on the Company's 3 Volt prismatic supercapacitor product to adapt it to the Murata production lines and on new chemistries to further improve product life and performance. The Board remains confident that its 3 Volt prismatic supercapacitors will be a significant source of revenue going forward.

Tysonfury123 - Murata have had a licence with CAP-XX for many years. For me, they've built up a good relationship together. Murata know CAP-XX will look after Murata's customers for CAP-XX'S own supercaps. There's not enough money to be made in supercaps at present for a billion dollar company like Murata so it makes good business sense for them and for CAP-XX to take over manufacturing and selling their own CAP-XX supercaps to Murata's cusotmers. This is what CAP-XX need to be doing manufacturing and selling their own supercaps. This is where CAP-XX can make money. All profit made can then be reinvested back into CAP-XX's manufacturing to make more and more profit.

Several current and former employees have said Gap Inc. had been weighing its options for the Gap label for some time, including closing or selling it.

Tysonfury123 - Some more info for you from the latest CAP-XX trading update

Cash as of 8 May 2020 was A$4.4m. The Board also expects to receive a payment from the Australian Taxation Office of A$3.3m in the fourth calendar quarter of 2020. The Board is confident that the Company will have sufficient cash to complete the integration of the ex-Murata customers and the former Murata manufacturing assets, which the Board believes will result in a significant uplift in revenues and ultimately positive cashflow from operations in due course.

Tysonfury123 - For me, CAP-XX will win the case against Maxwell. Ioxus are no longer defending a similar court case brought by CAP-XX so there'll be a judgment in favour of CAP-XX in about 2 months against Ioxus. Winning any court case always helps the CAP-XX share price.

However, in my opinion, the real game changer for CAP-XX will be the up and running automated production lines CAP-XX have bought from Murata. Here's the link to read if you haven't already read it:-

http://www.allenbycapital.com/research/research-cpx_31_3866217389.pdf

Clothing retailer Gap has reported a loss close to $1bn due to store closures because of the coronavirus pandemic.

The company was $932m (£740m) in the red for the three months to May, compared with a profit of $227m in the same period last year.

It comes as Gap wrote off the value of the goods it holds by more than a quarter of a billion dollars.