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T4G quote Dan as I've said before I don't think you are a troll. However you cant say his assumptions are errors, just that they differ to yours.
Classic Napoleon Complex, most patronizing asrehool on here, only ever gives it large when he can pick apart a statement or a year end and then proceeds to tell the Company Board and all on here what they should of done, always in hindsight. Green screened him long ago, appears though they i still get to pleasure him as it looks like he reads mine, lol.
Most folks confuse fast fashion with cheap fashion..
Fast Fashion is good, it isn't necessarily cheap, it means meeting demand when its required, it also means turning the tap off quickly when a trend die's therefore reducing mark down, hard to do if all you do is source from Bangla on 120 days ex lead times, BH Group has Brands that require Fast Fashion and Brands that need the longer lead slower fashion, it also now has a very large breadth of sourcing, allowing it to flex between the two when needed.
Cheap Fashion, wear it couple of times, chuck it, no doubt some of this also in the BH Group mix but much less than say some of the so called competition, Shein!
PP1- If the stocks are heavy then most of the seasonal stuff will already be on markdown, the more basic stuff like denim and jersey are generally flow lines so they can phase back orders if stocks looking a bit onerous but general point about Xmas trade being poor due to lockdown is deffo a concern.
Arrrr lots green can only mean one thing, BH made a recent statement and the retrospective Wee Troll pops out from under his THG rock.
Now people lest we forget.
He is one of the top brokers in the UK, keeps quiet about it but in his early years George Soros mentored him, he also was Financial Director for Amazon, Facebook, Tik Tok and YT, he is the Author of the multi million selling books The Platform and Always in Hindsight, which were cited as the inspiration for THG. In the Gym one day, he shared some weights with Ben Francis, this is said to have set the seed that led to Gymshark. He is influential on the catwalks and always gets a front seat at London Fashion Week, he was a Cambridge Full Blue and is President of the Hawks Club and lastly is never never ever knowingly wrong, follow him and you can't go wrong, only downside is that he is nervous of fleas.
Wyndrum-Just shows how much you can learn not just dealing on here but on a personal level, when acting anonymously people push each others buttons when face to face they rarely would.
Points 1 to 7 Mcklondons rules, most guilty of this, some more than others "The Ginger Troll" LoL
Anyway, it's nice to have him back with a much more conciliatory approach and big enough to say he made mistakes, haven't we all, apart from the Ginger Troll, lol.
#Bella Fish @ Drapers
https://www.drapersonline.com/news/record-revenues-and-profits-at-inditex
This happened a few hours ago.
https://www.rferl.org/a/xinjiang-united-states-bill-forced-labor/31609932.html
I have also received the below, Asos are totally on the ball, BH Group doing ok but need be quicker, Shein well lets just say they will get what they deserve because if you're not allowed to lift the veil then ban them.
Dear Supplier,
As you are aware, following reports of human rights abuses in China’s Xinjiang Uyghur Autonomous Region ASOS has signed the Brand Commitment to Exit the Uyghur Region (Call to Action). We would like to take this opportunity to re-share important information on the updated US Customs requirements for products being imported into the country. Please re-familiarise yourself with the comms here, and reach out to us if you have any questions.
We would also like to inform you that Sheffield Hallam University has recently released a report on Xinjiang which you can read here. This report mentions the units linked to the use of Xinjiang cotton from page 61 onwards. We encourage you to read the report and hope that you find it useful.
We thank you for your ongoing support on this issue.
Kind regards,
Heads of Sourcing
Not seen this posted on here yet
https://www.fool.co.uk/2021/12/15/will-the-boohoo-share-price-rise-to-400p-in-2022/
ADP quote Wish I had a few quid knocking about, you can easily double your money on asos or boo
Totally concur, spent my last earnings from CV1 crash on AMV F1, rest of my Casino money is already tied in to Asos BH, deffoooooo L/T, LoL.
mcklondon -BH Man if your under 21 really shouldn't be darkening the door, tbh if they start attracting an older age group they aren't doing their job.
Burtons is def worth a look, the SS22 ranges are coming through late Jan and these have been headed up by Mitch Hughes, he is targeting the Next Demo but fabrics are better and the product is nowhere near as vanilla, worth keep an eye on it as i think it represents good value in balance between quality,px, styling.