Member Info for ragtrade

Well if i was going to lose to someone i honestly cannot think of anyone more worthy than Moose and may i just take the opportunity to steal the words of that great poet Vinnie Jones "its been emotional"

Where's the link ?? and not that i'm in the slightest bit interested, lol, but where did £5 Danl come?

Probably seen it but great Iconic Brand with Worldwide recognition not least in Far East currently bang on trend, back on track since Permira's involvement. This has been on cards for a while but looking like sooner rather than later now.

https://www.business-live.co.uk/manufacturing/dr-martens-planning-stock-market-19600600

https://www.theindustry.fashion/analysts-anticipate-strong-festive-trading-from-asos-and-boohoo/Might have already been posted, this is a decent on line publication for a bit of reading up on fashion industry, in article note sentence re ethical , Asos have launched ethical sustainable 4505 Activewear range recently, tbh the BH audiences cross over a bit but prices are so different i really dont think BH customer currently gives a dam at this stage but pressure is really gatheting pace within the industry so they will have to constantly re asses that their offer is at least ndustry standard.

@pp he's selling at £5 so doubt he'll be around beyond 6-12 months as he see's better value elsewhere and in this industry things can turn on a sixpence.
Short short term its going to intresting to see what the costs have been to these businesses over the last year, one of reasons we had such a good year is that we saved 80k alone by not doing overseas buying trips and comp shopping. Buyers and designers spend alot of time effort and not least money on trips to Ibiza , LA , Japan , Denmark even places like South Korea, taking pics of whats happening on street and buying local niche brands you dont see anywhere else, these happens twice a year plus many staff were furloughed at beginning, most of there bills will be down, this may enabled them to increased budgets else where like marketing. Very intresting couple of weeks coming up but pictured going to be distorted due to CV.

@HKK tbh its quite useful to pick up early bits of info but seriously thinking of coming off because i"ve ended being sycked into it and to go through all the crap now is outweigjing the return.

@peoplepower dont be sucked in.

We had our most successful year to date due to online, demand i think has surprised all, Dan is clueless re fashion and Arcadia, well thanks for asking , for record they offered 20% on stock in transit which all suppliers rejected so came back with 50% , invoice debt low as we are fob and work on 5% 30 days, this is depended on brand, all stock at source they oferring 100% because they need stock to trade for SS21.
As for homophobic, lol, im in fashion , apologies if it upset you but i knew it press his buttons as he is accoutant so probably is
Dan has to be 10000% right he will question every utterance, the time he spens on here speaks volumes, no one has to justify anything on here they are views take em or leave em, like i said we are all here to make money so what the hell does it matter, you make your own judgement.
My last words , move on.

Dont want to speak ill of the filtered but he is clearly off his own graph, only ever filtered TCM on here , at least he was funny, Dan has issues.
Anyway next couple of weeks are key, im hearing Topshop and Topman being broken up and Miss , DPs and Burtons sold as a job lot, Wallis for the bin, we'll see.

Its ended for me, has to filter him, havent the time or inclination.
Im afraid Dan is his own worst enemy he clearly has a grasp of Finance and Scaling but i run a business that supply's the High St and on line inc Asos, BH, Miss Guided and Very , im happy to let him covince himself he has an insight but he is 85% clueless and its pointless as because as long as we make money does it really matter what views are.

@kcc 100% agree, great product with great endorsement , this is what BH have done so well to the audience they appeal to, as long as they keep their eye on ball then they will stay ahead. Shein being chinese owned will always struggle to u/s the nuances of the UK Design , Chinese companies always struggled with western tastes and , Chinese owned MG is an embarrassment to the old mark. Biggest issue would be if they bought a UK co and kept infrastructure and chucked a ton of money behind it.

@Dan90 don;t worry your £5 accountancy comfort zone is not far away, looks like you need the cash.
I nearly threw up reading this
@bang you build pipeline. Takes time. Atm the world is rather unsettled so my role is more strategic. Building trust with potential businesses and keeping an eye on how they cope with lockdown 3
Even to someone like yourself you might think it odd to acquire a business when the world is in a lockdown

How your boyfriend puts up with you God only knows!

@PP If three new fast fashion companies undercut boo, UK and abroad, by 10% tomorrow how should we react? Give us a real business strategy answer.
This is only my view, just to answer your question from my view, not to get into a debate with accountant Dan90 because we are coming at this from opposites, suffice to say accountants come later, ideas are always first.
BH is top of it's game, it got here by having a manufacturing background, same as us, our strap line is manufacturing with design, if we didn't do this we would be like every other tom dick and harry who makes from Turkey to Egypt, Tunisia, China, Sri Lanka Vietnam Bdesh etc etc etc in India where we make. Anyone can undercut, we started with one unit now have 2 , third was in pipeline but its on ice due to CV. We got here not by being cheapest but by offering design, we have 3 in house and 7 freelance graphic, also need speed and reliability, no point in being cheap if the product is crap, just gets rejected in the DC, Shein good example cheap product but awful experience, no loyalty, pay peanuts get monkeys.
My point is that BH got where they are by managing to mix up the minimums they needed to start small with the ideas they had and were able to do this becuase they went off the back of their manufacturing, it's incredibly hard to launch a brand, most people do it through T's buying blanks and printing there own designs. BH had the beauty of being able to piggy back on there manufacturing orders, Whispering Smith and others are doing the same, so that's no1. Next comes marketing and burn rate, it's horrific, to get your Brand and Story in peoples faces is incredibly hard, cash just melts with no return, so many people have tried this including us , LoL , Idle Man was one that you may have heard of nearly made it, even had ex CEO of Asos put money eventually crashed ran out of funds.
So to conclude i really do not think BH has much competition and what's already there keeps it on it's toes , BH didn't appear over night it took a ton of money, time, creativity and effort. You have a choice in this business Sell 300pcs T shirts at say £10.00 or 1000pcs at £3.00 the discussion is as old as the hills, numero uno though never changes, product first , get that right and all else falls into place. BH just needs to carryon what it's doing, no one touching them any time soon, its about so much more than just being cheaper.
Issue i see is that it's competing with itself with BH and PLT and it really needs a wider audience which will allow it to sell bigger volumes, a £100 KM dress will sell absolute max 200pcs, this is not going to make this company soar.
My view only, hope this helps.

@dan90 so you want me to justify my queries against your justification for bailing at £5.00 and you being out of your comfort zone after this.
I'll humour you but i have a 10.00 Zoom call to discuss a AW21 Jacket Range so i'll try and be brief.

Firstly your an accountant, it's plain to see, you judge this share on graphs, spread sheets, protectors, stats, dynamical systems and differential equations i think you get the picture.
You will argue with your own shadow and fella you won't admit it but you are clueless on fashion.
Vanilla is a pantone colour in my World, in yours it's City speak for bland, this Brand was born out of what was seen coming around the corner and a strong back story, all clothing brands are, it wasn't built on a graph or spread sheet it was built on the passion for seeing that they could do something different, that hasn't changed.
As an accountant you will never be privy to this, you do not have a creative bone in your body, your creativity evolves around numbers, you cannot see what around the corner, which is why i get why that bailing at £5,the numbers don't stack up for you, the line on graph dips.
You have banged on and on about the us BH , we BH get designs out quicker and produce quicker than everyone else, you've constantly used the model that they use to show the value and that they can't be touched, yet you then go and contradict yourself by again banging on in accountancy terms about price elasticity and how a dog tooth top is everywhere and is an indicator to prices being driven down, Jesus man, we have a saying in this trade if they like it they'll buy, it's that f****ng simple.
What winds me up most is that you think you even have an insight into the game, do you even know who Pennywise, Whispering Smith are, they are from the same stable as Pinstripe, the issues BH had were visible to everyone in the rag trade from a million miles back because we all know how they operate. JL and AR i know personally i knew when AR was bought in things would settle, no graph or stat is gonna tell you that, this share could plummet tomorrow on another scandal, its the risk you take with the guys from this block, again no graph helping
I could spend all day on here tearing your arguments re fashion apart but they would still fall on deaf ears and you'd go back to your graphs and stats, well they are never gonna tell you if the AW range is going in the right direction, thats about passion for fashion and creativity. I get you are now our of your comfort zone because the graphs won;t tell you if they have got SS21 and AW21 nailed, in terms of product, source, price, influencer, social media platform, so don't stay on here too long as you may miss that magic £5.00 comfort zone.
TBH i hope he gets there sooner than later so o don't have to read your faux fashion statements.
Now I'm off got a business to run but if you need someone to argue you use your shadow and best you get one of those spotty tops whilst stocks

@dan90 your out at £5, your shine for BH dulls and your out of your comfort zone, no more justification needed, as long as you are comfortable job done

, no need to justify any futh

@danl90 , yep best you get out at £5 i can clearly see by your handbag quote that your knowledge of fashion v risk runs out, so a wise move by you as you say to KCC your out of your comfort zone , quit whilst ahead nothing wrong it, no more justification needed.

@dan90 your confidence to deliver further value at current rate has gone from hero to zero, that better ?
The whole value sector on H St has collapsed many times, its never just about prices, Next is a great example, it maitains prices, middle England percieves it still as great value, it doesnt do price wars, the UK punter trusts them as a brand, its not cheapest by hits right balance . The market is already uber competative, its actually just got less comptative as most UK retailers are being hacked to death with Covid and wont survive. As as a punter if you totally belief in the Brand then you will stick with it becoz Amber Gold from LA tells you to, Brand, Back Story are the value , they dont need to be anymore competitive than they already, price wise they are smashing Asos into next week on your beloved Activewear, i actually think they could chuck a pound on and no one would bat an long long lashy eyelid. Dont compare cars and insurance with fashion, you cant , build the brand and the story and followers will follow, any mug can under cut, you love this brand because of this story, market conditions wont impact that, better marketting and better influencers might , not the market conditions and price pressure.

@danl90 hero to zero in £5. Ok fully get it, think the reasons are flawed but thats not surprising as we come at this from different angles. All that counts is that you make money within the realms of your expectations and topping out at peak is luck as much as judgement. Dont disagree with £5 , i have issues with peoples confidence to spend in next 3 months, we had weather on our side in LD1 , this time not so much Jan to March i think will be a shocker even for on line, so any share surge for Xmas statement is a good time to cash in. That said if we contain CV then March onwards will be i believe incredible due tp pent up demand, very tricky when you also have TS/TM in mix, who went bust for many reasons, they adopted online early but not early enough, PG s arrogance and greed is no1 overriding factor, took all value out put nothing in. Im undecided when i will bail, if it goes above 4.50 between now and March then ill be very tempted as my over riding concern is their narrow offer across two Brands that are biggest earner doing same job. If TS comes into play then i'm gonna have to think long and hard.

@Danl90 this is fashion, this market has and always be one of the most competitive sectors, it's littered with casualties.

OK just so i'm clear and to confirm your bailing at £5.00 because the market is becoming more competitive, def got that right because i can clearly see you have said that and your worried about new entrants with different models challenging BH, you think BH prices should go up but your concerned about price pressure (despite as we know its BH trade mark and it's served their growth well) now the we have the shift will flatten on line.
I'm genuinely interested that you think this is all happening after £5,which is not too far away, and so your absolute resolute conviction and belief in BH falls away possibly within 6 months or after £5 which ever is sooner, any more value is just the market is just too mature for it to progress any further ?

@Splice my debate is with Danl90 i'm in big on BH, i'm keen to hear peoples end game strat, feel free to filter or just don't bother reading if you think it's of no interest.

@danl90 Asos t/o since 2012 £553m 2020 £3.2 billion not bad going, Miss Guided still 3 years younger than BH, we will see if they gain momentum and how much they can burn on marketing.

My point is your belief in them being the absolute pinnacle of the competition, which despite me being invested i don't i just see them as tapping into a trend very very successfully but see the flaws for growth that I think they must address, some more tricky than others but they do have right management to address however its no cake walk and it evolves nothing more than the offer and margins.
Your hype and enthusiasm for the PLT Activewear, whilst dismissing others as having missed the boat and despite your limited u/s of Fashion just highlights your utter devotion to "us" (Boo Hoo), you even say "we" like your the CFO on the BH Board (your dream job) and the growth, yes awesome.
Yet despite all of this adoration when it gets to £5 your out, you mean when it gets harder because it becomes more mature and like i mentioned the issues that Asos have it will start to impact on the share price.
So the adoration comes to an end when it matures because it becomes harder, i'm not saying 3-5 years, if that growth you love keeps going because of that Activewear (or possibly the models )you love then £5 could be reached in next 6 months yet your bailing because its too tough and all of a sudden all the stuff you have praised them for has gone over night they cannot compete any more.
Errrr ok , Roger that.