Member Info for ragtrade

Dan -We are the manufacturer and these are purchase orders for Topshop designs, a lot of manufactures stopped production at beginning of Nov when payments started being delayed again , as did we, we also help back shipments, pending payment. TBH i think for the administrators to determine the inventory across all Brands is going to me a nightmare, easy for them to see what's in Stores, DC, under UK clearance and even what goods are on water but to look deeper than this i think will be a bit too much even if there is 80 or so of them in there. So we are keeping our options open, cannot see any future buyer walking away from SS21 wholesale orders, its a license to print money for doing nothing, beyond SS21 we will see but store need stocks and unlike Debs SS21 where stocks are going to be a big problem to carry on trading TS/TM is pretty much nailed, its like a pick n mix tkae what you want and leave what you don't, i think most holding stock and SS21 orders at COO are just waiting to see outcome.

I got a ton of SS21 stock for Topshop ready to got to Nordstrom Rack just sitting at port, i doubt it will figure in the Admins book, its not a debt or a asset as we still hold it, the eventual buyer for TS/TM Brands haven't had to lift a finger, if NS rack still want then they just give the nod to ship to US and pick up the profit, they even get paid before they have to pay us so they are not even having to fund the goods. If whoever buys TS/TM and can shutter 95% of stores they are going to make money very quickly, of course it depends on how much they have to pay but for the Brands but the money will start rolling in very quickly as these Brands are charged for SS21 and ready to go with the infrastructure to be able to deliver, they just need to get rid of the burden of stores, i also assume, correct me if i'm wrong, it will come debt free?

In fairness its a non story but it just shows how clean this co needs to be, you can take the girl out of Cheshire an all that and here in lies the issue it just chips away at the trust not matter how **** the story is.
https://www-thesun-co-uk.cdn.ampproject.org/v/s/www.thesun.co.uk/news/13394645/boohoo-boss-flouts-lockdown-rules/amp/?amp_js_v=a6&_gsa=1&usqp=mq331AQFKAGwASA%3D#csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.thesun.co.uk%2Fnews%2F13394645%2Fboohoo-boss-flouts-lockdown-rules%2Famp%2F%23csi%3D1%26referrer%3Dhttps%253A%252F%252Fwww.google.com%26amp_tf%3DFrom%2520%25251%2524s%26ampshare%3Dhttps%253A%252F%252Fwww.thesun.co.uk%252Fnews%252F13394645%252Fboohoo-boss-flouts-lockdown-rules%252Famp%252F%2523csi%253D1%2526referrer%253Dhttps%25253A%25252F%25252Fwww.google.com%2526amp_tf%253DFrom%252520%2525251%252524s

Tbh if you dig deep enough youd probably find issues with most companies, its impossible to police all the time, BH doing it on own doorstep and only giving a nod towards the issues tho was only going to end in tears, AR will drag them up to where they need to be, not sure in US if ethical compliance issues are taken so seriously, perhaps with Biden that may change.
Yep Sotheast Asia cud be massive.

Let me know if you manage to track down the Asos figs, tks

LoL , appologies or not as maybe for Nova landin page.

Dan , crossed over, i wonder why BH dont give, id be keen to know how Asos compares.

Dan i think Shein is a masive scatter gun approach, im not even convienced they no them demo themselves, so many people getting hooked by the pxs, id say its more oasis , river island demo but blurring into ither areas , customer retention is a massive issue as are cost of returns, if they are to seriously compete they need to sort and im surprised given how unethical they are that celebs are getting invovled. Your figs for insta very interesting , quite taken back at fashion nova as i new they were in direct competition but looks bigger than i thought, is there a fig for Boo Hoo ?

However , for those who invest in Boo Hoo because they get the demo angle of Glam Girl then watch outvfor these guys coming up on the rails in US , they are direct competition in US , not here in UK yet buy surely its only a matter of time .
https://www.fashionnova.com/pages/curve

Dan90 Shein make Boo Hoo look like the Anita Roddick of the fashion world. Deffo a distruptor, i guess any competition is good cometition, not sure their same demo as BH or Asos given the faces of some of there influenceres so any effect on BH trade would be minimal , one to keep an eye on tho. For anyone who isnt aware of their back ground and controversy heres a flavour, hope link works!
https://www-euronews-com.cdn.ampproject.org/v/s/www.euronews.com/living/amp/2020/08/20/welcome-to-the-dark-side-shein-is-the-biggest-rip-off-since-fast-fashion-was-born?amp_js_v=a6&_gsa=1&usqp=mq331AQHKAFQArABIA%3D%3D#aoh=16071867232295&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.euronews.com%2Fliving%2F2020%2F08%2F20%2Fwelcome-to-the-dark-side-shein-is-the-biggest-rip-off-since-fast-fashion-was-born

Dan90 nah , blowing who out of the water in US and Here?

Shein isnt going to threaten Boo in UK anythime soon for reasons i already outlined, however Nova is one to keep an eye on, giving PLT a run for its money over there , wouldnt take much for them to venture over the pond.

One thing that's been in back of my mind is the sentiment in the institutions re BH buying TM/TS, is this actually having a negative effect on S/P or will it have a negative effect, the other buys barely scratched the surface of cash reserves but buying TM/TS could wipe them out if everyone gets a bit my balls are bigger than yours.
Long term for BH it's essential but at what cost i'm really not sure as the Arcadia finances for last year or so are a closed book.

Oracle -They are def front runner, issue i have is that there could be a bidding war for them which does bot bode well for BH. They had little comp for Coast and Warehouse paying 5.2 mill, the stock alone was probably worth that! They paid around 18 m for Karen Millen again great value, I think TM/TS poss Miss S is another ball game, tons more really great stock which they will need to hit the ground running for SS21 so the money to buy cud be in another league but it will also put them in another league.

Just to be clear on Primark thats an estimate of nearly 2 billion in lost sales roughly 650 millon in lost profit give or take a pound or two!!!!!

As mentioned already on here, Primark have estimated a loss of £430 million this is for the Autumn l/d period., revolving credit facilities however mean it has 3.1 billion pounds of group liquidity, its' still opening stores with New Jersey and Florida in the US being cited as successful and is confident in the acceleration of US store opening programme. Strong customer response to the opening of first store in Rome, last week also opened our fifth store in Barcelona, opened 50th store in Spain, in León. Total estate now 389 stores. Go Primark !!!

Pea****s -MBO submitted for stores but with more emphasis on line -No surprise , bit late tho!!

Lloyd Shoe Company -Concessions in Topman, gone into Admin, old company, inevitable but non the less very sad 243 jobs at stake,

Bruce -Shein , private co backed by hedge funds and venture capitalists. Delivers direct from China so cant compete with likes of next day fast fashion etailers. Service has been very sketchy as has quality, sizing a bit all over the place as they dont have UK garment techs, returning customers poor, unsure how deep there pockets are but hopefully wont be in the game for any of UK brands but yiu never know, currently operation best described as cheap but hit and miss, very borderline .

@Maranello you've just about nailed it there, LoL

@Pmoran Christopher and Anthony Donnelly absolute legends they wrote a book called Still Breathing ! God knows where they are now.

Probably already been mentioned on here but Andrew Reaney i u/s will be holding MK's hand, AR is a cool operator with a ton of experience and knowledge so fingers crossed.

Pmoran , lol i live on Leics Rutland border! Worked for Pennywise in Manchester selling Joe Bloggs, Shami Ahmed , read his history when u get a chance, rags to riches and rags ish again. MK attitude qreminds me of it a bit altho its changing . I was i factory Leics two years guys in lungis indian skirts all asleep on benches, i i walked straight back out didnt feel rihht and thats what i could see! Times changing for the better, im off to London Thursday first time since March to see Very (littlewoods) done really well through this like other online and also Urban Outfitters everyone gearing up for SS21 , coukd be an amazing year for the lucky ones left.

Can we all stop engaging with Dan90 he is a total c***k albeit scalable, especially when rubbed, when he becomes an even bigger one.
Board needs to move on