Member Info for ragtrade

At least BH rose towards the end, Asos got hammered today just shy of 5% down and well below 52, hasn't been that low for nearly a month and was still heading South at the close.

AoD , yep and there's the rub, easy to moralise when you're sitting in a Wealth Society. We provide a creche at our factory and also support a charity that educates children from the Countryside, things have massively improved over the years but there is so many angles to this sometimes you can't do right for doing doing wrong.
As always this will blow over, JL and AR are good people, very professional and are doing there upmost to make this company a shinning example of how to operate, time is the answer to all of this but I think the naysayers appear to want a scalp for what has gone before.

Im astounded it even made the news let alone the 4th item, just goes to show the media's attitude towards this company, the article shouldn't affect share px just the fact that they are in the news again probably will.

30 years in rag trade, supply BH , Asos and others , any questions, unsure about stuff feel free, accuracy of answer will depend on question..

Keep any eye out on Debs website, the Admins are really starting to hammer down the prices, clothes are crazy prices and electricals are getting cheaper and cheaper by the week, bit like BH share (for TCM)

Pedro61 i really don't think that they were aware of actual specific slave labour to the extent you think.
To give an example of what's happened, i give you, the factory, an order of 1000pcs, you then take another 1000pcs from someone else, you are running late on order, so you give 500pcs of this to your mate down the road, he is using some form of what you would term slave labour, who is to blame for you giving 500ps to your mate, ME THE PERSON WHO GAVE YOU THE ORDER OR YOU THE FTY WHO TOOK ON TOO MUCH AND GAVE 500PCS TO YOUR SLAVE LABOUR MATE??
So i suspect that they new some sort of what we call jobbing out was going on but sorry i really don't believe that they new it was actual slave labour, the biggest compliance team can go over a fty to make sure he has enough capacity but they cannot sit on the door 24/7 to see he is not taking on more orders or giving orders out to his nasty mate.
So Pedro i ask you in all seriousness given the above what would you do to BH, given they were found to not be aware but to not have been as strict all system compliant as they should, even with the most strict supply chain abuses can occur, you cannot stop them, what then happens if factory is found out then rightly it is struck off, over night they lose all there business, serves them right.
Do you want MK to go to jail or the company to struck off ?? What do you actually want them to do to BH, because in a moral World you then have to do the same to everyone else, Rana Plaza over 1000 people died, Primark made goods in Rana Plaza !

Ancientofdays, spot on !!! i suspect BH man just thinks that they are getting a fine feel T-Shirt!!! Burtons use fully combed 180gsm min and that is not changing, basic T at BH man is i think £6, Burtons is anything from £10 to £12.
You made an absolutely key point, BH Group is now appealing to a much larger Demo and this really is not even close to kicking in yet , it will have a massive impact on revenues when it does, the BH Group Demo is now far wider than Asos which has nailed its colours to young fashion, BH Group is now more akin to Next albeit they have what Next does not have and that's a young fashion arm.
Last week we negotiated a ton of orders on ladies casualwear for quick delivery, they didn't want to compromise on quality of fabric just desperate to get stock in and start trading its all guns blazing, we will not see a major impact on revenues until second half of this year and i have a feeling that they will be mighty impressive, once we see Debs up and running it may give an inkling of what's to come.

Danl90 , always a pleasure, trust you're well, just to update you, specifically for Boohoo and PLT , printed poly and poly mix dresses set to comeback strongly this Summer as everyone ventures out, strong move towards casualwear and specifically denim smock dresses which currently are the fastest growing area, for the majority of the other BH Group Brands we wont see the very cheapest fabric used (polyester), this is deemed as base level, we may see a move to more mixed fibres to offset cotton increase but of course if demand in this sector increases Worldwide then so will yarn prices across the board. That said course this does not apply to menswear where polyester rarely darkens the door and cotton is King, we may see some impact on printed viscose reveres tho, Asos to continue with EcoVero version of Viscose which is much more environmentally friendly, so if you must buy viscose bbq shirt look out for EcoVero trade mark.

Pedro, as i say how longs a piece of string ?

Lets take the moral high ground on sustainability, mean's you have to buy a pair of jeans using recycled fabric and washing in a waterless Ozone machine, paying a living wage to worker, ok job done.
Nope, what about the thread used for stitching it, what about the metal work used on it, what if the metal work studs and zips are made buy people who earn less than a living wage, what about the the people who work in the mill supplying the recycled fabric?? are they paid a living wage ?? or even min wage , what if there is a young kid in there sweeping up the bits of yarn off the floor because his mum works there and his dad works in Dubai, she cant leave him at home, what you gonna do ??? What about the people who transport the fabric to the factory or the truck driver who takes the finished goods to the port, the guys who unload the cartons onto the container to ship to UK , what about the cartons, what if the cartons are made in a unlicensed factory ?? how you going to police all of this ?? Now take a look around the room your in, add all of the above to all the stuff in that room and believe you me i've missed out loads, (eg the machines that sew the jeans, who makes them?) Even the keyboard you type on and the phone you use. Morals yep nice idea in reality we don't live in Utopia. BH def were not 100% clear of what was going on in Leics of course they had an idea and turned a blind eye but my God how long you going to hold there a**se to the fire for it, especially when they have now done so much to mitigate it !! Go roast someone else instead who are far worse, start with Apple or Samsung et al and Cobalt mining in Africa, that's just phones FFS!
Now that piece of string is just getting longer and longer.

TCM yeah i get it, if you think the game you play on here makes a difference then yep it's perfect for it, i'll leave those far wiser than me to comment whether message boards impact on px.
Personally i make money elsewhere and only invest in stock market in companies within my industry that i can see are going places or as in the case of Asos were massively undervalued after CV crash.
Carry on D/T, can't possible see you are doing anything else given time your on here TCM, just wish you would do it without all the crap that you seem to think it needs to accomplish your goals.

Pedro, morals, how long is a piece of string.

I am a supplier, we supply BH through various brands out of Asia, we pay a living wage, we make profit, some BH prices harder than others but this company is no longer a two trick brand pony, prices will NOT have to increase across the board, some may, some may not, today the biggest pressure on prices is not CMT cost, its fabric cost, due to situation with Xinjiang Chinese Cotton prices are rocketing, the Chinese are hoovering up cotton from around the World to mitigate this, if this continues then clothing and textile prices across the World will rise, in fact just this morning i have had discussions with a major online company about AW21 prices due to this. This maybe an issue for likes of Primark and lower end prices of BH Group but this is also why this company needs looking at differently now because volume Brands like Burtons, DP's and some of the Debs Brands will be far less sensitive to a small increase to offset this, the dynamics underneath the surface are not as black and white with the BH Group as they were with BH Leicester, i find the continued fixation with Leics and old BH fascinating, Rana Plaza over 1000 people killed, when was the last time you heard Primarks a**se still being held against the fire for it ????? , ok sure it was in 2013, mud sticks, well not in fashion, barely gets a mention. Morals really !!! how about we start with Apple having a moral responsibility to fight oppression in China ???

Strongly suggest that anyone who is in this to make a lot of money in the short term either gives up or goes long. I'll say it again, obvs depends what you bought in at, but for big gains this share is a long or longer terms investment. What went before not now is, in a years time you won't recognise this company as BH / PLT, this is now Boo Hoo Group, the game has changed, Debs , Burtons, DP's will be big earners but it takes time. If you want to D/T then fill yer boots, for others who don't then give up on the day to day and the kids on here, go away and come back in 6 months, we will be in Sept and you will be seeing a spanking new Debenhams online Department Store rammed down your throats from all angles in the run up to Xmas with a whole array of sparkling Brands , the BH/PLT bling bling ugly duckling will be changing into a mature Swan appealing to the masses, failing that keep sticking pins in ones good self at the daily b*lls**t on here.

For anyone new on here, most , not all, posters with anything informative to say have left as this place has descended into a primary school playground, so just to add a bit of balance see below i posted back in Feb, for anyone not looking at this share every 30 seconds the below still very much applies, most of the bull/s the chat on here from last week is people who are bored with Netflix and had the sh*t furloughed out of them, for them its just entertainment nothing more.
Post from 23/02.
Quick one from me, tons going on behind scenes on all BH Brands not least new buying inventory for them to actually be able to start trading on all the new Brands.
My view only and as i've said many many times, this is a long term, longer term share, in meantime expect snakes and ladders, Short Term you can *****, fight, trade, don't trade, sell, buy, argue daily , hourly, half hourly, every dip and rise etc etc etc etc but THIS IS NO LONGER THE OLD BH ITS THE NEW BH GROUP, its full of uncertainty as a whole new transformation is taking place most of which everyone is oblivious to, expect to see big leaps forward on this share but not till Q3/Q4.

LoL , throw

LoL , snake

Longish ladder, through the dice get a one , move slowly back up the board again.

Oh sweet jesus, TCM !!! , ive missed off a T , i am so very very sorry.
Sleep tyte

Btw the way i do wish you would check your spelling, do you mean go below £3.35, its so incredibly annoying when being asked a question , for one min i though you were asking me to shout £3.35.

Oh grammar police , is that best you v a got

Hurry up tho as its nearly time for me to go out clubbing