Member Info for ragtrade

AoD did you know David Pyne?

Contd -as you have quite rightly said it takes time, Q3/Q4 we will start to see if they have got it right.

AoD see my post last week, ranges are least are being built now they have teams for each Brand, totally agree re the Micro detail, you only get this if you have been in the trade, strong merchandisers are being bought in to support Debs/Burtons buying, no point in having great ranges putting in all the effort across the micro level and then buying 300pcs of a cargo pant from size 28 to 38 in reg and long only to sell out in of a 32 reg in first week. Personally from what i'm seeing they are starting to get ahead of the curve especially for trans and SS22, as you have q

Couldn't agree more, BH went very long the moment it bought Debs and Burtons/DP's. Debs was never over ready more like a frozen Turkey, they had very little stock, it was going to take time and people to rebuild inventories for own buy plus still very few MarketPlace Brands, looking at Menswear Own Buy dominates the line numbers plus they are really starting to now grow them. I have been in London office on numerous occasions recently as they are very hungry for new development and now have teams and structures in place to execute the depth of buys required, all Debs Brands now have Individual Buyers, they still got a way to go but SS22 will be big for all the Debs Brands. Deffo marketing is key and totally agree re the photography, Asos nail this, difficult to grasp this but as always in Fashion it's the sum of many parts that make up the offer and project the Brand. One thing for sure every sector within the this Industry is under margin pressure, however with the amount of Brands that BH Group now has they do have the oppo to edge up prices without too much impact on at least some of the Brands because at mo costs are only going one way and this will def need to be passed on as over the years costs have been cut to the bone. Footnote, Asos doing oppo for recent acquisitions, they have cut back the buyers,designers, gmt techs on TM/TS to minimum, it's a reboot, reset, rebuild.

Hey Bruce, well aware of y.days posts just posting Drapers take on it and i'm not sure its giving investment advice, as you can see from below some people don't come on hear every day and may have missed it.

Not sure if this has been posted already but this is from Bella in this mornings Drapers.
US investment company T. Rowe Price has taken a 10% stake in Boohoo Group to become one of its largest shareholders.
BY ISABELLA FISH
1 SEPTEMBER 2021
The firm already has a major stake of more than 11% in Asos, which acquired the Topshop, Topman, Miss Selfridge brands at the start of the year.
T. Rowe Price’s latest investment makes it the third largest shareholder in Boohoo Group, sitting behind asset management group Jupiter Fund Management in second, and founder and co-chief executive Mahmud Abdullah Kamani in first place.

Oh please Danman your trolling articles posted from a trade mag, GROW UP, your acting like a weirdo teenager, your supposed to be a respectable accountant. Now i'm sure you haven't forgotten, i'm the official poster of the year as voted for by this board, LoL , you don't like what i post then filter, just like i'm once again about to do with you, GROW UP.

Danman, to be clear once again, go back and read, i did not say Debs sells 200k of Wrangler, as you well know i said it used to, i worked with them for over 30 years, until they went to 120 days payment when i bailed, this figure came from David Pyne and as i am showing you it could have been at any point during his reign at VF from the Days of the Debs CEO's i have mentioned, of course dismiss it as it doesn't fit your narrative, just like you now dismiss the original post which was actually about Debs buying in Brands, of course dismiss this also as it's tiny, the marketplace is also made up of a significant % of own buy which is massively expanding, again you dismissed it as wrong route, you also dismissed the investment in recent recruiting of new buyers and designers. Re The Hut group it buys a sizeable amount of the Clothing Brands it stocks through the shop to put not just in the shop (which you weren't even aware of) but also on- line, sure dismiss The Hut Clothing offer.
Dismiss and twist and try steer towards a different narrative, classic Danman, btw love the way you have taken down the awful Twitter photo since i mentioned it, one with Cap doesn't show the hair loss as much, just shave it fella!
So to sum up all of this has latest Cr#p from you has come about because i post about the article re BH Creative Director appointment and you Troll posting not one single comment relating to it but instead a load of bullsh#te and that, wee man, sums you up nicely.

Trolling Danman,
The whole point WAS that BH Group sells Brands it brings in and fulfills, you said it wouldn't , it does, it's also bringing in Own buy in massive way, you then had to Gaslight, you had no option but to turn the whole post into something else. Despite the many great posts from others, tumbleweed from you but you then also Troll a post i made (and all others) about Molly Mae again in to something completely different, not even commenting on the post but dragging it back to another post, Twisting, Trolling, Turning everything i post as i'm in your head.
I comment on here to people that are interested, i'm in Pulteney St office with one of our designers at least every two weeks getting an insight into most of the BH Group Brands, i know it grates you as only time you get an insight is when you get to see a report (not long now to look backwards once again!!!) , the BH and PLT doesnt fit Debs, they are having to start looking at buying deeper and wider, of course you won't get it unless it's on spreadsheet, i know it's not easy being a boring ,balding, wee redhead but stop being so bitter, your the right size for a Troll but it doesn't have to be this way, get those shoes i gave u link for.

So as i say i lots of great posts on here and i post an article from yesterday's Drapers about PLT and you Gaslight about an old post that has no relevance whatsoever, the words "used too" give it away/ I'll happily discuss/debate with AoD the early years of Belinda Earl through to later years of Rob Templeman and Sergio Bucher along with VF corp all of which span 3 decades but not with a clueless Troll who has zero insight into any of it.

OMG Danman Sachs , the list just gets longer and longer, lots of good posts on here and tumbleweed from you, yet i post one article from Drapers about PLT and you reply by Gaslighting some info taken out of context about line buys i mentioned in relation to when Debs were retail, so now to add to your ever expanding personality traits you are now officially a Troll.
Small thats 32S (tho needs turn ups) Trolling, Gaslighting, Non Cord wearing Red headed Accountant devoid of humour.
In my pocket wee man, i can see i'm the worm in your head, lol. BTW the lovely people of Great Pulteney St say hello, we do have a good laugh when i regale the fleagate story.

PrettyLittleThing has named influencer and former ITV Love Island contestant Molly-Mae Hague as its new UK and EU creative director.
Molly-Mae Hague has been announced as the UK and EU creative director for the fast fashion etailer, owned by Boohoo Group. In her new role, she will take an active position in creatively directing upcoming campaigns for the brand and signing new faces within the UK and EU.
PrettyLittleThing x Molly-Mae
Hague told Drapers it felt like a "natural progression" after launching several collections with the etailer.
Umar Kamani, CEO of PrettyLittleThing, said: “This felt like a natural fit for us. Molly has been a huge part of our PrettyLittleThing journey and she is so invested in the brand. We wanted to explore different avenues together and bring her on board as more of a creative, where she can work closely with our team and be involved in our wider strategy across the UK and Europe over the next 12 months."
In line with the announcement, she will also launch a 30-piece clothing collection, which features dresses and swimwear in sizes 4- to 0, and retails between £5 and £50.
Hague collaborated on her first clothing collection with PLT in 2019, after coming second in season five of Love Island. She was reportedly paid £500,000 for the collection, which sold out within hours of launching.

Yes Danman in your own head, i know you need it, which what Gas Lighting is all about.

Jesus Danman your one Pantone Chip short of a full shade card and a Gas Lighter of biblical proportions.

Danman , OMG such a shame i thought you actually had a sense of humour! Your all over the place and continue to pluck lines out of context to suit your argument. This is why it's a waste of time debating anything with you, you gas-light just about anything that you don't agree with, LoL i never said i was CEO of Regatta, nylons not my thing! Go back and read the whole thread through from the AW20 , as i already mentioned sometime back, i am the Founder of a Company that supplies this and other sectors of the Fashion Industry, i have done so for many many years and have been in Fashion all my life.
I said Debs USED to sell over 200,000pcs a season of Wrangler, it's below, Thu 13.36 , read it!!!! you said and i quote from the below.
200,000 units of wrangler jeans is £6.3m (at £31 sale price as current). So again rag the numbers let you down as I think Debs should be doing a lot more than £7m revenue
I never said BH Group is selling over 200k pcs of Wrangler, what they will be doing is selling a lot of Wrangler it will be there biggest denim Brand and they won;t want to lose it, which is what i said to you when you first banged on about MarketPlace . It will be made up like the rest of this industry, many parts, this is what in your Black and White World you don't get. The sums are made up of the many parts, it's shades of Black, White, Grey and the rest of the Pantone Book. You have to be able to twist turn and pivot and one size never fits all, like BH Group have done you cannot dismiss Debs biggest selling Mens Denim Brand, whatever the numbers it will make up the biggest % of the sum of many parts that is the mens denim offer and also maintains the Wrangler demographic, that cross pollinates into own buy and MP Brands,
So your clear, Debs has a Website that Sells Fashion from Own Buy, Brands that its Buys and Brings in and "Marketplace Brands" the sum of many parts and this will never change because this is Fashion, dismiss nothing, inc the Jobs being created in Buying and Design, told you all of this before Mr Gas Lighter.

Just to add to below, from Bella at Drapers,
Boohoo to create 5,000 new jobs
Boohoo Group has outlined plans to create 5,000 new jobs in the UK by 2026, off the back of an investment programme worth over £500m.
BY ISABELLA FISH12 AUGUST 2021
Profit before tax at Boohoo Group grew 35% to £125m in the year to 28 February 2021, while group revenues rocketed 41% to £1.7bn in the period.
As a result of this "organic growth", the etail group said it now needs specialist employees in areas such as HR, accountancy, buying, design and ecommerce, and it is actively seeking technology and digital specialists to support new innovations. It has set out plans to secure additional warehouse space and invest in ‘smart IT solutions’, which will help its online and delivery processes to become more efficient, and in turn will create thousands of new roles.
Boohoo Group employed 908 people five years ago, and in January 2021 that number was 3,476 after purchasing Debenhams and Arcadia Group’s Burton, Dorothy Perkins, and Wallis brands.
Boohoo group CEO, John Lyttle, said: “The growth this business has experienced over the last 15 years has been phenomenal. It has not been without its challenges, but it is right to celebrate the significant contributions the company makes to the towns and communities where we operate. The investments we have planned will help us to continue our growth, increasing our customer base both at home and abroad, adding even more value as we do so.
“All of this has only been possible because of the amazing people who form our boohoo family. I am so proud of the way they rise to every challenge and I look forward to growing together as we cement our position as leaders in global fashion e-commerce.”

Danman , not sure where you got Regatta from, perhaps another tangent to suit your argument.
To be clear on the numbers online can shift 200,000pcs of Wrangler is on a Straight fit across about 4 washes rinse, stonewash, bleach and stonebleach, so 4 lines, a few other fits and washes, so this is just Basic Denim for one season, rest of the range is pretty crap so i wouldn;t give it time of day but you cant ignore the numbers on the denim.
Asos sells over 600k worth of jeans on own buy just on mens alone, when then started in the strand they used to buy 300pcs of a style in 4 washes, so total 1200pcs in order to hit fabric mins, it was grief but look where it is now.
Marketplace i don't disagree but as i have said to you it will be a mix of well known Brands that sell very large volumes, medium size Brands that will be happy to full fill and niche Brands that just want exposure, a mix, def not black and white,

Danman, i see the Accountants mist is descending once again.

I won't bore the crap out of the board by getting into a protracted debate yet again with you but one point which may give you an inkling into bought in Brands, Debs used to sell's over 200,000pcs a season of Wrangler across the styles @retail/online, only one that would even come close would be Burtons circa 60k, to replace 200k pieces a season is a tough task in anyone's book, so as i said many moons back a mix never black and white, this is fashion not a balance sheet or a graph.
Regatta CEO , (a low end outdoor Brand )thats funny, a sense of humour, i like it, try keep it up.

Danman, i think you need to widen your u/s of Debs and the BH Group, they bought Debs for many reasons one of the main reasons was to inherit a myriad of own buy Brands to add to the stable, they now have a horse for every course, this is fundamental, your wrong about the money, the recruitment is across many areas and there is big focus on design and buying, BH (Manc) and PLT are already well honed.
All the Debs in house Brands are now seeking to increase their teams, Asos currently looking to rationalise TM/TS/Miss teams and strip them back to the core and re build, big shift of these people are already moving across to BH Group (London), many were already being head hunted as Mitch knows most of the TM/TS teams as does JL. Your fixation with fast fashion (which as you know i supply btw) is fine for old BH (Mancs) but the Debs Brands do not need this, prices are higher, quality is better and generally lead times do not need to be anywhere near as fast. Marketplace will be and is a mix of Brands that will be happy to fill inventory/take direct returns etc and the better more well known ones that will not, so therefore have to be bought in, old argument that you lost but as always you then go on to say well that maybe but it's tiny, only Wrangler (few pairs lol , any idea how many they sell of there basic core jean???? ) I'm sure that the more niche brands will be many but the these anchor Brands sell thousands of pairs, like the niche Brands some anchor Brands will come and go, it will never be one size fits all.
Margin drivers will be all the own buy Brands, the depth of these is pretty impressive, from babywear, kids, young fashion, towny, indie, 30,40, 50, 60 something, i've not even gone into the nuances of each of these own buy Brands and what they bring to the offer but they cross all prices points and fast fashion to slow fashion.
Chuck in Market Place and Beauty and a money to recruit and push them into the limelight to be able to maximise all areas then it's pretty mind blowing long term were they could end up. Gaining traction on Debs Brands, MP , Beauty and keep pushing forward on BH/PLT in US is obvs the goal.

This is exactly what they need to be doing, forget N Brown, they need to maximise what they have and what they have is massive, i mentioned after the Debs acquisition they need people and systems, this is now coming into sharp focus, the structure is building, you cannot build these Brands overnight, nothing was ever oven ready with Debs, it had been stripped to its core, it needed new ingredients and a long time to cook! Boo Hoo Group has the Brands to tick just about every box but they need focus and strong buying/merch teams across every single Brand to start to eat into the competition, which they 10000% will do, the top tier of Management that has been brought is hugely experienced in this, rock solid and extremely driven. Next is on there radar and Boo Hoo is more dynamic and driven at just about every level than the journey men and woman that are sitting in what the ragtrade call the graveyard of Enderby. Q3/Q4 people.