Member Info for southcoastbather

Kach - they simply don't have the money to open bricks and mortar now... They did have 480 million quid at one time...

Would you believe that there was talks in the back ground way back then about opening some stores??

The company were advised to open some stores by institutions and their advisers... Guess who stone walled the idea?.... I'll give you a clue.... K... A... M... A...

Every time next report it highlights what a bunch of clowns we have running this show...

Next overseas online sales up over 30 percent on last year, thats on top of great growth last year.

What have boohoo achieved in the last 2 years? Losses of 250 million and a revenue decline of over 30 percent.

What will our next update show? Further revenue declines against a sector improvement overall.

I thought online sale was our speciality?

We had the opportunity to on board a proper ftse ceo and shareholders here blew it.

You will reap what you have sown here now.

Oh but debenhams will report huge pre returns gmv that do nothing for the group. Blah blah blag

I can dig all the exact numbers if you like, however its around 400 million in total the kamanis have benefitted while nobody else that holds today has benefited.

650 million quid of cash burnt for the privilege as well!

Over 400 million total including the plt buy out....

Reardon - they put 15 million back in from their family fund

Since ipo they have taken over 400 million pounds from the ipo itself, then further share sales topped off with the 170 million cash withdrawal for plt.

Also in the last 10 years the family have probably taken in the region of 30 - 40 million quid in salary and bonuses...

That 15 million is a pittance in the big scheme of things.

Since Mike and Mike lost the vote nothing has changed here, and when Kamani wins his seat nothing will change again...

The only people holiday right now are the kamanis, they cemented their profits years ago then watched everyone else lose.

The upcoming results will show that the company is still losing revenue and losses are growing - they will be singing like canaries about Dan and Debenhams though!!

Shareholders have every right to be angry and blame the kamanis every single day until this share price recovers to a good level.

Forget all this bullshlt of day in day out mm games, this is 30p because of the Kamanis and their management team, no other reason.

They have been absolutely atrocious over the last 4 years, self interest and self wealth is all they care about.

They have burnt through 650 million quid in 4 years to achieve 50 percent revenue loss. Farcical!

Imagine if the impossible happens, the usa market has an absolutely terrible correction and at the same time the uk retail sector has a monumental recovery...

Or maybe that isn't impossible....

Asos has 3 times recovered from huge drops in the past and it is more than capable of happening again....

Rev b just needs a good update now.... Then it will be off into the horizon....

I wish people would facts rather than blurt the same old rubbish, to thick to even read the accounts of a company they want to bash.

Same as when they repeatedly post saying "the sp is down" repeatedly for 2 years and the sp hasn't really changed for 2 years - i always envisage that person person saying this same thing to themselves on repeat all day with their tongue shoved between their bottom teeth and lip... Pop along to a mirror and try it... That is how you look to all the normal people here...

Shein are going to start posting losses from 2025...wait and see.

"Shein's sales and profits have declined in 2024, which has complicated its plans for an initial public offering (IPO):

Revenue growth: In the first half of 2024, Shein's revenue growth slowed to 23% year over year (YoY), down from 40% in 2023.

Profits: Shein's profits fell over 70% in the first half of 2024, dropping below $400 million. This is a sharp contrast to 2023, when Shein doubled its profits to over $2 billion.

Margins: Shein's margins shrank to 2%, from 8% in 2023.

Competition: Shein's profits have been affected by increased competition from competitors like Temu.

Regulatory scrutiny: Shein is facing increased regulatory scrutiny in several major markets.

Growth rate predictions: According to Forrester, Shein's growth rate is forecast to drop in 2025. "

Nasty gal was making nearly 6 million quid profit on 140 million REVENUE 3 - 4 years ago

It took management 4 years to get nastygal from failing brand to making 6 million profit, it took them a further 4 years to take revenue down to 24 million revenue and 10 million loss....

Here they are singing about debenhams and 3 odd million profit...

Its interesting to note when researching each brands accounts, that every year there was growth there would be special little column to highlight the percentage of growth - it seems this column is unable to work when the figure is MINUS as they completely remove the column.... Absolute clown show.

Some big developments this year over at revb debacle, entering approx 3 thousand stores... Ive got 100k shares over there for a long term hold.

Parsnip - When you break down the last few months all we really know is group numbers are still falling revenue wise and losses are up...

All this noise about debenhams is just management trying to cover the crap group figures...

The reporting for boohoo has become ludicrous over the past few years

It used to be revenue

Then they started changing it to gmv post returns

Now they are quoting pre returns gmv for debenhams!

And dan in his latest video is quoting some fantasy 2.4 billion gmv for the group

This year we will be lucky to post 1.2 billion revenue and that's a fact.

Fantastic board of directors!

Old revb climbing still.

Im not sure its a positive that a major holder has dumped 13 percent of the company stock in days.

Asos reported a record conversion rate, so hopefully boohoo had the same

Https://www.ons.gov.uk/businessindustryandtrade/retailindustry/timeseries/j4mc/drsi

First comparable pre covid figire is Nov 2019, percentage of retail sales done online was 21.6%

Nov 2024 has just hit 30%

Looking like this trend will continue to grow steadily over the coming years.

-------------

https://www.ons.gov.uk/businessindustryandtrade/retailindustry/timeseries/je2j

Online spend in £ obviously following the same pattern....

The long and short of it is this, if boohoo don't manage to turn the real business around now ie boohoo and plt, then they never will...

Everything in the sector is moving in the right direction.

Unless of course the next update says the brands are all returning to growth - 🤔

Boohoo should have kept their own brands off debs imo....

Shabz - replace the word quiz with boohooman

"Online: sales have been impacted by lower levels of traffic to QUIZ's own website reflecting subdued consumer demand for the brand, partly offset by the benefit of commencing sales through the Debenhams website earlier in the year."

Shabz - this is a big concern, and I suspect is what is making margins get worse on all other brands that we own which are sold on debs...

We are literally giving debenhams revenue from other brands

If for every 100 quid of boohoo clobber sold on debs we allocate them a tenner or 15 quid, the our other brands will shrink while debs will grow.... Literally gifting debs revenue and profit.