Member Info for ragtrade

Jack , its a massive gamble, they released some results in Sept which were awful and have since had to re finance. If they were pure etail id think more favourably but they havexa 60 store liability which must me burning cash at mo. Do a search there will some figures floating around like i say cant remember exactly but they werent good.

David forgot to mention as you know traffic means nothing with conversion thats 1st phase , 2nd phase is returning customers, read the comments on here, very small snapshot of the actual on line experience thats on top of it being as fashionable as Sue Ryder.
Ok, now im def,moving on, even im bored of this fasion chat re Shein!

@david sensitive law

You should no better than posting about stuff with little to go on.
Def stick to SEO where i bow to your greater knowledge.
As for Shein competing with Asos BH bow to mine because it isnt and unless it buys them out , which it wont and never ever ever ever will be.
I finally switched off based on your last paragraph.
Move on.

@wyndrum
Happens in every sector, competition.
From a fashion perspective i loathe B/H, it's brash, it's cheap, it's in yer face and quality is awful, end of the day i have to admire them because they have hit a rich vain of Millennials and the future Alpha kids that totally love the Social Media avenue that they have punted this down and they have Brand ambassadors that sadly these kids look up to. Yes of course others are going to come along but def not not not Shein!!!!! and there is isnt anyoen on the horizon that i can see and i'm in this game, only ones who can challenge at the mo are smallish Indie Brands, but you know what if they start to really threaten then they will just be snapped them up for a few million as part of a portfolio, B/H & Asos are now serious serious disruptors to the High Street that have just been catapulted to the fore by at least 5 years thru covid, people are not going back to the H St and of course nothing is forever but these guys are just getting bigger and if B/H can bring in the right management teams like they have so far then they will just get stronger and stronger. Hate B/H's offer but love the share offer op's albeit a bit squeeky bum sometimes.

Boohoo Shares to conclude

Short term-edgy very edgy, nervous and neurotic, undervalued, yes based on performance and potential.
Long term-A given

@Jackin36 Quiz is a retailer with on line presence, nuff said, it's not pure e tail so it has liability on the High St which as we all know is outdated, it's reduced its store count to 60 but of sales have tumbled and it's not in a great place,

@wyndrum
would you actually know if Shein had fashionable appeal and a strong back story to back up their Brand that also appeals to Generation Alpha, are you even aware of what Generation Alpha is ???

@DavidLaw Quote "If I was looking to hold Boohoo for years I'd next look at traffic growth and how Shein are growing their social media presence etc... and if it could cut into Boohoo's growth medium-term."

You guys really need to stick to your understanding of the traders and all that involves share understanding which in fairness i think you do, altho perhaps sometimes disagree. Please do not try and analyse fashion, with due respect you havent got a clue, Shein is a Chinese Co with zero u/s of what a girl in Newcastle or Exeter wants and what she wants in many things not just price, Asos and B/H are right here right now of the moment and they will be for at least the next 2 to 3 years. Asos have ticked just about every box, there demographic and appeal is wide, they even offered what you guys call the competition on their own pages (suspended granted) but they are honed machine, B/H are narrow, they may have a issue if they do not sort this out but JL and Board know this and will and are addressing to change the dynamic of their offer, but as i mentioned before they need to get out of their Cheshire bubble and B/H H/O to attract buyers from London that don't want to move up Norf and have a better u/s of different markets than they do, btw i u/s thay have opened a London Office for this, If you want to look at the competition then look towards the UK indie Brands that are very quietly coming up, these are the guys more likely to chip away at the like of B/H and Asos, take a look at Lucy and Yak, expensive but its starting to get noticed, not by you !!! but by the demographic of Asos and B/H, once volumes increase prices will reduce. Shein let it go, it's Sh*t on every level.

@Slipperz
Apologies, i have indeed corrected myself, my view was purely from a fashion perspective, it appears they are even more Sh*t than i thought they were, what's worrying is that people with a view on Asos and B/H on this board are holding them up as a risk, FFS!

Quote
"I ordered 5 years ago from Shein, never again. Waited two month, they sent me one out of three items after waiting two months. Forced them to refund the other two by blocking their PayPal account until they done so. The only item that arrived look plastics, oversized, and ended up in a charity shop."
I take it back Flipflop , Shein aren't in Vanarama League, it appears they are still trying to find a pair of boots!

"Whats all this about? I thought Boohoo did not use and does not intend to use Chinese manufacturers?"

Its about nothing, its complete and utter b/s
BTW of course B/H will use China to produce as its another fully vertical Country, mainly for Outerwear as its become too expensive and slow in other categories and for the record no reason not to use if Compliant!

ShareExpert (FlipFlop)
Shein will impact !!!! Do me a favour!!!! Are you serious, if you are then you have got even less of a clue then i though you had!!!
Asos Liverpool Boo Hoo Tottenham.
Shein are in the Vanarama League

Hearing whispers that vaccine is being set up for distribution in December for health worker an vulnerable but distribution is proving a nightmare, however don't go out and buy the Champers just yet, apparently we will all turn into Monkeys, you gotta love the Russians almost as nuts as the Yanks.
This is from proactive investors
Both had been hard hit yesterday as the UK edged towards a winter of discontent – and further lockdowns.

Friday, however, brought the news that the Chinese have uncovered a vaccine that is safe and provokes an immune response. Whether the wider world receives it remains to be seen.
Russia, meanwhile, is reportedly the source of a story suggesting an inoculation being developed jointly by AstraZeneca (LON:AZN) and Oxford University could turn its recipients into monkeys because it uses a chimpanzee virus as a vector.

@HKK ASOS openly publish their audited suppliers

Yes and as you have pointed out so do Boo Hoo and following the enquiry this will be updated shortly.
However sorry to tell you though that whilst it's transparent it is not fool proof and is full of pitfalls, eg how far do you want to go on this.
How about cartons goods are shipped in, whats the source and conditions for workers that supply? poly bags goods are placed in, same applies? zips/buttons?? print on T shirt, is it outsourced?? working conditions of dock workers handling goods, seaman on the boats shipping the containers, local lorry drivers taking cartons to port etc etc etc Sooooo this is why the whole Boo Hoo witch hunt is a bit of a joke because up to a point they are def liable but with the greatest will in the World you cannot cannot control the whole supply chain and even if they are squeaky clean when you leave it only takes one person in factory to lock a door by mistake or even intentionally, who is then responsible??? You've just left and it was all absolutely fine turn your back and anything can happen, it's human nature. No company should ever turn their back and become complacent, if they have followed procedure and stuff happens then they should not be made accountable.

@donotpanic Wonder if Boohoo start selling MASKS...

For balance Asos 615 options!

@donotpanic Wonder if Boohoo start selling MASKS...

Tell me that's not a serious question!!??

291 options!!!!!

@donotpanic Wonder if Boohoo start selling MASKS...

Tell me that's not a serious question!!??

@mcklondon too literal on this. As i've said before on this forum there is already lots of countries to make from. Bdesh is i suspect not on there radar as it's not fully vertical, eg most raw materials imported. India and Turkey will be, both vertical. as for compliance again as i've said many times most companies whose t/o is into the millions is probably breaking a rule somewhere along the line as it's virtually impossible to watch dog 100% of the time. You can audit every factory independently as they do and will continue to do the moment you walk away anything can happen, it then comes down to trust and the ethics of the factory and people who run it and this is impossible to audit. Truth be told any issues with this soon get forgotten by the customer, remember Rana Plaza in Bdesh, well 2500 people were injured over 1100 people died, it housed a few factories and the list of retailers that made in their allegedly included Prada, Gucci, Moncler and PRIMARK amongst others, today barely gets a mention and this was where over 1100 people died!!!! BTW John Lyttle and Andrew Reaney i suspect went through the grinder along with many others at Primark during this so they are more than aware of the pitfalls, these guys are seasoned Professionals of the understanding of Compliance around the World, its one of the reasons i think JL bought in AR.

One other point, since last L/D much has been muted about another big correction in the markets, today for the first time it's starting to feel a bit that way. If if if if if if we go into another national lock down (hopefully max 2 weeks) then it will once again be blood bath and today is just the start, especially as it looking unlikely businesses will have the same level of financial support as last time Ironically this may benefit Asos/Boo Hoo, again who the hell knows, one thing for sure they are better placed than most to at least have some immunity.

I supply this sector, have done for last 30 years No expert on the way traders forecast, buy, sell, panic, ramp, de ramp but having watched these shares carefully since lockdown it does seem that any profits for Asos were of course built in during the run up to the latest results and that any profits that BH were making were built in then taken out and then slowly built back up again to latest trading statement, altho not quite to the dizzy heights of previous share high due to ssssssssshhh issues!!! So we stand today with no one inc the Board of these companies knowing where trade will go in run up to Christmas for two reasons, Covid mark 2 and tightening of finances in the demographics they serve , which is def going to happen but to what extent is anybody's guess. For day trading this means opportunities albeit fraught with difficulties, however yet again L/T both these companies will be soaring come Spring and possibly before. There is nervousness to build back in on Asos in S/T due to this but will say again everything is in place for them to maximise when this all comes to an end, and if there is ONE CERTAINTY this will come to and end. as for B/H the same applies with the added caveat of what ever is left in the woodwork, but again like Covid this will come to an end. L/T eg spring these shares are 24 carat gold because they are the two leading players in this sector with no retail portfolio eating into their profits, as we all know for this demographic it will simply never be needed.