Member Info for ragtrade

So Pedro the owners and Directors that run this business with decades of decades of experience within the trade and whom got this company to where it is by being innovative and taking personal risks are what ??? Less knowledgeable about their our business ?? right ok i've got that. Shorters of course understand the angles of their own game but they are clueless as to how this years Xmas ad will go down or if gen public will go and smash the doors down to party in KM dress.

Drapers take on yesterdays statement.

Boohoo Group has agreed to terms of a preliminary settlement with parties that brought a US class action claim alleging that its promotions in California misled shoppers.
The Financial Times had reported in July that Boohoo's promotions allegedly involved offering "discounts" to US customers, and that these discounts were on items that had inflated prices, rather than the original prices.
The case, which was brought in a Californian court, also involves its brands PrettyLittleThing and Nasty Gal.
The etailer, which also owns Karen Millen, Misspap, Oasis and Debenhams, said the preliminary settlement will be covered in full by its existing claims provisions, which stood at £19.1m ($26.1m) at 31 August.
Boohoo Group said: "Whilst there is no guarantee that the preliminary settlement will result in a final settlement of the claim, the parties will now work together to incorporate the terms of the preliminary settlement into a legally binding settlement agreement."

Kindness, you're a genny us, i was losing faith in this board, groundhog days, same old same old inane chat, then boom, out of the blue the below, its priceless, wasn't sure at first if you were referring to MW or one of Umar's house parties.

I’ve also heard they are big into perverted things . I was told there is cocaine everywhere in these parties they are all doing it,the media should investigate but they won’t as they are friends investing then publish crazy stories to drop the price . It’s very corrupt.
Ive actually sees pictures that on someone’s phone of high ranked people with this lot doing lots of dodgy things .

A lot of these parties are full of older men and there are a lot of young beautiful girls around . To me why not have women around that are in the same age bracket 50 year olds instead of someone 20 years younger .

Wyn totally agree but it's one hell of a long journey, most Multiples will have a shop in a major city but to feed all the market towns where these Multiple stores once proliferated is long gone, these Town Centres have become an eyesore so, i would be ecstatic if we start to see the rejuvenation and the independents comeback, however since the Multiples looked to dominate and grow we saw the demise of not just the Indie store but the destruction of so many Indie clothing Brands, so choice for these independents is much much less, ironically if you have an idea for a clothing Brand it's far cheaper to air it online now which is where most of these Brands are cropping up, gaining traction, is , however quite another matter. Like happened in the 80's nothing would please me more than to see entrepreneurs with flair, drive and ambition flood back to the UK High Streets, sadly i think this will be a very slow burn.

Kall etail v retail , i u/s you love this debate but H St has been decimated by covid, so competition is even less, hell even my 84 year ol Mum now buys on line now,
I'm passionate about the H St but it needs totally re inventing, it's so staid and dull now days, generic repetitive shops, that all said in current equilibrium i do think there is room for both, caveat being to all of this it's in my humble opinion.

Wyn i think we can all agree that ST this share and many others across diff sectors are going to be hit by uncertainty and therefore volatility, it's a no brainer which is why a lot of the posts of late have become so inane. Do all the naysayers really really think that this share will LT not at some point in the next 12 months start to recover.

For the LT i think this is the crux, decide how much LT and how much risk anyone is prepared to take, this is where the real debate should be, even if this share hasn't bottomed out it's not that far off it and anyone who manages to buy at the bottom, well, it's more luck than judgement, the real point is if this share can reach back to the heights it once was and beyond and how long that will actually take.
My view is that it can, i totally get the variables being too much for some, but i'm not seeing any nervousness on the buying side and SS22 qtys are pretty big for BH, i don't think they wud be bringing in all this stock to just markdown, they are seeing demand, so i think we will continue to see strong growth and once we get an inkling that costs across the supply chain are starting to subside then this share will climb again.

Wyn not sure about this.
Fast fashion is hard enough as it is to stay top dog for any length of time, let alone in a technological even faster moving environment, coupled with a social mobility upheaval.

I think this obsession with Fast Fashion is overplayed, majority is from UK and Turkey which as we know is not cheap so margins can be slim on own buy.
BH Group now has great balance of sourcing off shore (tks to AR) and a great balance of Brands (tks to acquisitions) to exploit this , I strongly believe these Brands will come into their own in next few years, they are going to be going head to head with Next, these Brands are far more steady and easier to plan, this is exactly what is going on within BH at mo, unlike Next BH Group is far more nimble then Next and BH's stable of Brands has far wider appeal, half the people on here are not even aware of what the Debs actually are, this is also crucial when it come down to joe public, it's easy to dismiss them as stale, some are but that's exactly what some of the demographic want, not to stand out in the crowd, for the ones that do there are others and ones who want to be fashion followers there is a Brand for them also, as for fashion leaders that's how BH got to acquire this stable in the first place. Fast, Steady, Slow Fashion this Group can now do all three.

EAL not sure what you mean by utter nonsense, i have not said cotton prices have affected today's share price??? Read the thread !! I'm telling this board cotton issue is not going away any time soon, Trans/SS22 retail prices are going up, each Brand will have diff strat on this and how the public view each Brands pricing will be key.

SCB , come on surely a founder is allowed a lunch as well !
Most of the stock coming in now, will, at least, not have been affected by cotton price issue, the real impact will come through Trans/SS22, garment prices are going up, ironically some of the BH longer lead brands will have been less affected as they were placed earlier and after Covid quite a lot of surplus fabric lying around but now all clothing prices being affected, not before time i might add. Only caveat which i mentioned before on here is the press reports of an Early Harvest UK/India trade deal with clothing being in there which will lead to a 10% Duty saving.

SCB, mmmmmm, odd choices, stick to space, they are at opposite ends of spectrum, sweet spot at mo is Cord, especially 8 Wale on bottoms and 21 Wale on Shirts again RFD for for Garment Dyeing, therefore avoiding minimum issue coz min dye lot would be 3000 metres per col on fabric dye where as RFD min per col is 300pcs you make garment in RFD then can dye in any colour, speak to Neil he will know all this.

SCB, can you do me a favour and ask him why the flag was fluttering ? Can you also ask him whether we place more RFD Canvas, RFD Ripstop and RFD Twill today or just do on an adhoc basis against each enquiry and if we do that then our lead-time massively goes out but if we do start to back up now and price drops then we become uncompetitive, that's if mills are even prepared to take order.

Cotton price issue not going away, all our in house stocks pretty much dried up, some mills have stopped taking orders due to volatility, this is starting to feel like 2011.

https://tradingeconomics.com/commodity/cotton

Or would a shorter even go as far a to put a fleagate story out there, actually nah, way too far fetched, no one's stupid enough to sell off the back off a flea story, right.

For those who don't know Very Group (Shop Direct) was born out of the Littlewoods mail order, in essence it's an on-line dept store and Debs will be targeting them, that said Debs does have more recognised in house Brands that i think are better than Very's stable.
Source Drapers
Very Group reports record revenue
Revenue at The Very Group was up 18.2% year on year to £1.88bn in the 53 weeks to 3 July as sales grew across all categories. Group profit before tax reached £81.7m, up 68.8% year on year. Meanwhile, group EBITDA increased 13.7% to £300.5m , which the group attributed to “increased Very retail sales and improved cost management”.
The group’s fashion and sport category increased 11.6% compared with its 2020 financial results. Its children’s category increased sales by 67.7% year on year. Womenswear sales grew by 50.1% and men’s by 24.3%. Sales of the group’s celebrity and designer clothing offering surged by 69.5% in the year. This included its partnership with actress Michelle Keegan, sales for which increased by 25%.
In the year, Very customers grew by 12.4% to 3.82 million.
In the period it extended order cut-off for next-day delivery from 7pm to 10pm. App sales were up 45% year on year.
Henry Birch, CEO at The Very Group, said: “Whether working remotely, educating and entertaining the kids, updating their homes or simply wanting to look and feel good, we’ve given millions of families the items they need via an extensive range of flexible payment products.
“We’ve done this while moving our company forward operationally and strategically, from continuous digital customer experience improvements and developing our Very Pay platform to extending next day delivery cut off thanks to our highly automated fulfilment centre.
“The current environment is not without challenge, but our pandemic experience has shown us that our multi-category offer, combining leading brands with our Very Pay platform, is relevant to an increasingly wide number of customers. We are in good shape to face any future uncertainty, and remain confident that we are well positioned to take advantage of a market and customer behaviour that is moving towards our model.”

Knowbody i had you down as Rainman , LoL.

Knowbody lovin yer keyboard talent, you're deffo on the spectrum to be able to create a thing of such beauty.

Southcoast i'll give you a little unknown fact as i know her Dad, check out Polly Marchant.
https://makeupbypolly.com/

Polly is Paul's Marchant 's niece, her Dad is Paul's Brother, like me also a supplier, and yes sorry also a mate of mine.
Runs in the Family all traders and very successful.

Southcoast, LoL, well say hello to Captain Kirk for me.

Southcoast just for the record Paul Marchant is CEO @Primark , he was appointed by Arthur Ryan in 2009, i know Paul well, i went to his 40th in Shoreditch some years back, very very shrewd operator. JL was COO at Primark, i worked with him when he was at Burtons, both these guys at top of their game but like everyone (GT aside) not without their faults.

PJF- Re Dan GT 90 , i have to stick up for him, just in case you missed it.
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.