Member Info for Reardon95

Results are more than likely still in guidance though. Hopefully get a firm date soon…

They can smell blood here I reckon....Easy pickings at the minute.

Frasers adding??

Big downgrade from Deutsche bank too. Join the club there James

I agree Blackfox...Who knows what the results will be. They seem to be laser focused on Debs. Would be great if we could tie up a deal with Mike regarding opening up some physical stores in prime locations. Perhaps sub-letting the premises has not cost the business much. They must be confident it is the right move shutting it down after a year. Umar coming back could be a masterstroke. So many unknowns that currenty need answering. The SP clearly doesn't know what to do.

It is embarrassing that’s for sure….

I agree, some of the worst news in a while and that is saying something holding BOO. The sp was remarkably resilient today!

It'll be Mahmud....He is a complete buffoon

It's almost like there is no risk management or in depth costings/strategy with anything they are doing. There really are some complete chumps at the helm. Factor this in with completely alienating all of our loyal and most profitabile customers here in the UK with charging royalty customers with returns and cancelling accounts left right and centre. I have no idea what the management team have been thinking....

Very frustrating that BOO have spent millions opening all these warehouses and closed them all simultaneously shortly after they have opened....If they were that cash strapped I would have thought the stake in REVB would be the first to go.

LD do they have a date for the next update? Also, what is JL BOO email I could do with giving him a big round....

Commenting, Katie Cousins, analyst at Shore Capital said: “We have previously noted the Group’s struggle to gain traction in the US despite investing to grow market share and improve delivery times for consumers. To us, the change short life of the US warehouse (previously stated as a key pillar of growth for BOO) is concerning, highlighting a naivety of the American market, along with a waste of time and resources. However, Boohoo remains committed to broadening its product offering in the US, noting that orders will now be fulfilled by the automated UK DC in Sheffield.

“A tough US market is something that was also apparent in ASOS’ updates, and is an area we struggle to have confidence in for either Group’s growth strategy.”

Can't see anything regarding a £5m cost???

Jeremy it will be much more than that....You are just plucking numbers out of the air.

There will be dual shipping costs that we have already occured to get the stock out there. Now we will need to incur more costs getting all that stock back....horror show.

In the grand scheme of things it is actually positive news if margins are not being improved and there is automated capacity at Sheffield. I would of thought the costs and write down will be at least £20m though. Just another short-sighted gung-ho approach by the board.

LD I completely agree. The management team are so out of their depth here. Even drafting Umar back, absolute desperation. This is screaming sinking ship at the minute. I do think there will be some twists. Big Mike will make his move soon enough I imagine.

What is the management team doing here?! It’s just opened fgs….really really poor. It cost an absolute fortune too

Not going to happen, they like to keep lyttle for the corporate image…he doesn’t seem to do anything but demand bigger pay and bonuses for poor performance mind

Shocking results would not surprise me with Umars return…things must be bad. Complete disregard for any form of communication. Head in the sand yet again….

What position is umar going in to?