Member Info for ragtrade

Go MOOoose, Go MOOoose, Go MOOoose.

Thanks Danl90, going to use it sparingly for a yearish and then probably sell, Did you go in the DB10 ! only 2 made i think, would not want to stick one of those into the gravel@ 2.5m One thing that never ceases to amaze me is the speed that track drivers actually go, you sit in car next to them and think this guys going way too fast for the corner but the car sticks and around the bend you go, nice experience Danl90. The Vantage and the DBS Superleggera, In No Time to Die, hopefully we will get to see last this summer, at last !!. Tom Hardy, Michael Fassbender or Idris Elba in that order for me to replace DC.

I will say one thing PP you are absolutely relentless and incredibly driven on this share, fair play but luck or judgement you've picked the right one, totally concur with PS , he's bowed out of the trade im still in it , one absolutely critical point re BH is appointments on each dept , for new Brand acquisitions they are nailing these positions, none of this of course short term will register,LT tho it will have a massive impact, they will challenge Next is a very big way.

Thanks PP , Cars are my thing, arrives late June , if L/D and the knock on effects have taught me one thing its lifes too short to not enjoy the fruits of your labour, no way of knowing whats around the corner, do stuff whilst you still can and live life to the full, thats my view anyway.

Oh come on Daman Sachs don't be like that, your share chat has become as stagnant as the BH share. So Cars, my 5k deposit is down on a F1 Vantage, i know i said id let some other mug take the hit on depreciation and get A Mclaren GT or DB11 even stretch to a low mileage DBS , but then the new F1 pace car comes out and Aston bring a Vantage F1 Track car out and im smitten, i cud just spin it and bank 10k ish but feels wrong. What your thougths fella ?

Sorry just been out for a quick 4 miler. Errr yes Daman, i think so. Apparently there a RNS or something re a warehouse this week , did u see it ? That cheeky fu**k*r PG got his 50m back, he's a bugger, probably bought BH shares with it, lol.
Im off to rugger training with my big tall lad, catch up laterz, id like to talk cars with you again.

And the biggest cut n past person on here is the D Sachs boy, its what he does,the only tbing he can do is quote reports , a retrospective view, come the next BH statement he'll be all over this board like a rash, this is guy who worshiped this share like a God , then sold on way down due to fleagare, panicked, bought in again , then cra**ed himself and yet again sold on way down due to USAgate, Dan Napoleon Sachs the accountant with Balls of Butter, lol, lol.

Danman , Napolean, Sachs, your fascination to keep cherry picking ny quotes on here knows no bounds, thou doth protest too much.
Your posting is irrelevant to this board, only looking backwards, zero knowledge of here now and only being able to analyse reports of performance just gone, which is why you sold on the way down , twice, off the back of fleas and usagate, priceless, so no point in any dedate with you especially given your Napoleon Complex.
PP im sure you now u/s Daman Sachs irrelevance to this board , dont engage it what he wants.

Spoke to buyers at Asos today, currently trade since Easter is up on many depts against targets set despite the weather, people are buying top go out next week, may slow down once shops open but it will be short lived and people young will default especially the time poor, remember the competition has contracted, for those left i expect a bumper summer across the fashion sector, both stores and online, CV permitting!!!

Quakerjon, if Asos is getting a kicking then there's no hope, they are streets ahead of the pack, more to the point the general public really don't give s***t , even fashion students who study and write about it for their degree barely take any notice when buying there own clothes, so it's left to the Fashion Companies to put it at the top of there Best Practice agenda of which Asos is one of the best, journo's just being journo's always homing in on the negative in hope of making a name for themselves when in reality very little to see.

Wyndrum, What i have posted re "Special Buys" is different to the BH situation, for these it's a numbers game, the "Special Buys" qtys are normally min 10,000pcs so for a Brand that normally operates on smaller qtys it can be quite lucrative and if done sparingly on the odd order doesn't damage the Brand and is just incremental business.
For the BH situation as i mentioned before on here and as i'm sure everyone can appreciate there is a ton of stock sloshing around at mo, nothing wrong with the stock just a consequence of Covid, to BH's credit on some of it they probably don't have any obligation to take but to full fill all the labels they have in such a short time it makes sense until structure is in place to use this stock and trade with it, school boy error on the cross offer and labelling tho!!! As i have banging on and on about on these pages , great acquisitions but it takes time to get structure in place and this issue is a classic example of what can happen without that structure, we do need to put this into perspective tho, in overall scheme of things it is tiny!!!
Why BH have been singled out God only knows, easy tgt i guess, BBC and Sky seem to be in competition, snakes and ladders will continue in some guise but it's effecting share price less and less as it's just really white noise. As quoted on here already many of these practices are adopted by supermarkets all the time especially the new pretenders and many own food by Brands are manufactured by the actual Brands, altho when it comes to food and German supermarkets i'm sure there are people far more qualified on here to tell what goes on.

For everyone's info there are well known discount retailers in the UK working with well known Brands, they work together to bring in product from the Brand in cheaper fabric on older designs, the retailer then puts in in the store marketing it as a end of line or bankrupt stock it acquired when in fact it's actually been made to order to certain margin requirements, the whole BBC story is utter utter Cr*p , this is not just done on clothing but on any aspirational Brand that the consumer thinks they are getting a bargain, from cutlery to perfume.

Wyndrum , i could spend along time on here extolling the virtues of each new BH Brand but not going to.
I think what sums it up for me is to ask myself these questions, re the Debs acquisition.
Do we think BH Group can do a better job online than the previous cash strapped encumbents and with the Debs site can they challenge Nexts successful online offer and steal market share from them.
If i just look at the fashion offers and demo dynamics of the brands they now own i say yes, do they have right management, i say yes, i know both, BH Group are streets ahead, finally do they have the structure to follow all thru, at mo no, however its being implemented and as i keep saying they will bear fruit in Q3/4, until then snakes and ladders but i do believe BH Group will disrupt a very staid Next and its not all abiut price, the teams they have and are bringing in are far more talented than the jobs for life brigade at Next, who spend hours mulling over what shade of Navy for coming season.

Just to let all know , due to CV and Administrations there is a massive amount of stock washing around. For BH the fact they carried on with the Arcadia sites and took all the stock as to the complication. If Oasis is short on Jackets and Jkt sales are strong i can see the arguments for relabelling to use up stock, oddly if suppliers are sitting on stock the BH are helping them but doing deals to take it , they have no obligation. It is complicated at mo but once stock washes thru system then this situation will settle down as all teams going forward to AW21 are building brand new ranges and buying independently. Again this is just back ground noise beauty of BH Group is that average person in street is clueless as to who owns all these brands and only ones who it really seems to matter to is the left wing media and nervous share holders, the link at bottom of BBC article says it all.

PP1 . Just for the record MIitch was MD of just TM not TS, anyway regardless the Guy is quality and a rising star and will def head up Burtons and poss DPs and others , both the teams for these Brands have moved across to BH inc Mo Srikanth who will head up Merchandising again absolute quality , brings massive experience, struture is building but most importantly placements are people at the top of their game.

Kallumama, supermarket clothes have been around for years, the market is big enough for all types of offer, Aldi/Lidl will hardly compete with BH or Next or Asos, they will def compete with Tesco's, Asda, Sainsbury on their clothing offers.

BH Group with the Debs Site will 100% steal market share from Next, with BH buying Debs they have everything to gain and very little to lose, Simon Wolfson realises this which is why he is pivoting Next's offer trying to bring in a younger and also a more upmarket demo because BH already have the young Demo and they have just bought oven ready Brands to go head to head with Next, what i can tell you is that BH is nimble and quick at making decisions, internal management at Next is much much much slower.

AoD , we are a Nation of Shopkeepers, LoL. I think anyone who dismisses the H St does so at their peril, it will re invent itself, in some H St's this is already happening, I think if one area epitomises this it's Brick Lane and surrounding area, ok it's London but the i have no doubt this will spread out and is already doing so, in my local area there is a young guy who came back from London started up a Artisan Bakery and has people queuing up from 8 in the morning at weekends he is sold out by lunchtime, also another lad has set up a cobblers and also retailing English made shoes, obvs l/d has been difficult for some of these stores but independent landlords have at least locally been very sympathetic. We are, i believe, in the very early days of local people, with ideas, being able to actually show case their creativity to an eager audience who are crying out for newness and inventiveness, to this ends I think this Country is one of the best in the World. We see a switch from the Internet becoming homogenised to the H St being niche !!

Like-for-like fashion sales increased 102.83% year on year in the week to 21 March, BDO's High Street Sales Tracker shows.

BY CAROLINE WADHAM
26 MARCH 2021
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Total like-for-like sales across the three categories BDO monitors – fashion, lifestyle and homeware – jumped 54.96%, compared to the same period in 2020.This is the highest total like-for-like since the tracker began in January 2007, however, during the equivalent week last year the country was on the cusp of a national lockdown which saw consumers pull back dramatically on non essential retail spending.

Total in-store like-for-like sales fell 72.91% year on year, as the national lockdown continues. This was largely offset by the rocketing of non-store like-for-like sales by 156.63%, compared to the same week in 2020.

Meanwhile, overall footfall was down 32.6% in the week, against the same week last year.

Shopping centres experienced the greatest footfall decline of 52.6%, while high street footfall fell by 34.8% year on year. Retail parks continued to weather restrictions best, but still saw a footfall drop of 21.8% compared to the equivalent week in 2020.

Shadowfall its not necessarily being jobbed out due to price but due to demand and greed, if a supplier wants more orders but is full then cheapest way is to sub it, means they don't have to invest in another unit, doesn't mean cheaper garments.
The way it should work is that buyers u/s each ftys capacity and only give them orders to full fill and not beyond, its standard industry practice and now BH are stepping in line with it, if fty wants more business then they build another unit and get it signed off by Auditors, as i say it's the norm, what was going on was not normal.

PP1 , 10000000% agree with your post below.
It will take six months or maybe more for the Boohoo share price to re-rate. The Institutional Investors aren't suddenly going to start buying in and buying back into Boohoo. They have to be convinced by Boohoo and publishing the audited UK supplier list is only the beginning.