The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Ashley once invested in Tesco when the shares crashed after their accounting scandal. Wasn't in admin or going bust, so your narrative of him buying only admin fodder shares is wildly incorrect.
https://www.google.com/amp/s/amp.theguardian.com/business/2014/sep/25/sports-direct-mike-ashley-43m-punt-tesco-shares
Totally agree, eBay and Amazon are still around even though you can get everything cheap from AliExpress. Some people prefer service and speed over price or just like I've platform over another.
What do you make of shein spending more than it's rivals on paid for traffic? Shein UK for example gets 30% of it's traffic through paid search. Boohoo looks like 7%. ASOS is 15% and shein com site is around 20%.. Data taken from similarweb.
Just shows they are cheap already, with a low margin but high customer acquisition costs compared to others and with paid for search that's traffic up for grabs if someone else decides to join that party and pay a little extra.