Member Info for ragtrade

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!

LH - arrrr Fleagate, Ye Good Ol' Days and the sunny uplands of £3+ , hope you made a bit first time round.

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.

LH couple of corrections, one i'm on here all the time, two we did, but I'm the giver not the taker.

Quote "Dan - I thought you were an accountant. If so you should know that there’s more than one way to value a business and no one way is right or wrong"

He uses the flea index, lol, lol, lol.

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.

Quote This will plummet, get out while you can

LoL LoL, epic insight.

Wyn-Well it is Christmas, anyway how the hell do you learn anything if you don't make mistakes, the Pregnant Actress said to the Bishop.

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.

PP1 -Nice.

#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.

Asos share price like BH is a massive opportunity, for Asos to be getting down towards CV wave 1 crash levels is insane.

@ Matty ditto but bought at 22.00 sold @ 52.00 also made 6 figs bought back in lightly @ 30, as for Boo Hoo bought sold many times, been on a L/T since they dropped below 3.00.

SCB Quote What brands are not own brands rag trade?

Everything on Debs Market Place.

T4G hear hear well said.

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.

For the record, nothing wrong with fast fashion, the naysayers get very animated when talking about PLT /BH re this and clumping it in with ESG.
Fast Fashion =Speed to Market, or just in time, it's about reacting to demand, if its strong then it's essential to meet that, even very High end Brands prefer to make out of Italy/UK/France as these are the ultimate Fast Fashion routes and quality is high.
Should not be confused with throwaway fashion which mainly comes from Bangla, this is not fast fashion it's long lead time and can be pretty shoddy, of course the odd rag made with remnants does come out of Leics from time to time !!!
Fast Fashion is good, it means less mark down and is very reactive to demand, like a tap can be switched on or off .