Member Info for southcoastbather

There will be 2 things missing when this makes a monumental recovery....

Trolls and opportunity....

The trolls I'll happily miss...

Its not all happy sailing at next....

https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11514192/Is-Next-running-into-trouble.html

"Next has slashed its chief executive's pay package by more than half after the retailer's profits fell for the first time in eight years.

Lord Wolfson's total pay, which includes big bonuses, has been cut from £4.3m to £1.8m, for the 2016-17 financial year.

He was paid a bonus of just over £500,000 for the previous 12 months.

The 55% pay cut was revealed in the Next's annual report released on Tuesday.

None of the firm's other three top bosses or non-executive directors were paid a bonus either.

Michael Law and Jane Shields were awarded a 1% increase in basic pay to £416,000.

They had each originally been in line for rises of 15% to £475,000.

Last month Next warned of a tough year ahead as it reported a 6% fall in 2016 profits to £790m.

The fashion and homewares retailer blamed a combination of factors, with its customers' incomes being squeezed by rising prices, forcing them to rein in their spending on clothes."

"Next said it had been 'quietly' reinventing the group, 'reshaping and restructuring' it to boost growth. "

How dare they do this.... They should announce toilet breaks 😉

"Hi scb. To be clear, I didn't say Boohoo have never beaten guidance - I expect they have done back in the day - so, no untruths from me and please don't put other words in my mouth."

Boohoo have beaten guidance before and right into the pandemic. A bit more recent than back in the day imo.

" Regarding the comparison I was making, of course you're entitled to believe that Boohoo possesses a superior management team to Next and that Boohoo regularly beats guidance in the way that Next does, but I beg to differ. I should say that the relative share price performance between the 2 companies doesn't back you up in this."

Next have seen multiple share price drops of 50 percent in the last 5 years, they have seen multiple drops of up to and over 90 percent in their history also.

They have been through very bad patches where the media said it was game over for them which obviously coincided with poor performance of the company and share price.

I get the frustration genuinely - but if you are going to compare the companies at least look at the bigger picture rather than just a year or two.

All the headwinds should be well and truly behind us now....

Unhooked at least post truths...you are posting as though boohoo have never beat guidance.

Boohoo as a company probably have beat expectations more than any other clothing company.

What company are you referring to releasing results today?

"Just think of the money Big Mike could have made if he'd have bought Rolls Royce share in stead of this junk!"

He would have also have to have bought rr around 3 and a half years ago to have bought at 30 odd pence.... Rr has recovered with improved performance...the same will happen here.

Oh ok, i thought for a minute that it could just be a made up comment from some plonker on social media..... Then again....

Whats on twitter?

Algo.... Inflation dropping is just one piece of the pie that will help the company improve its numbers.... When the numbers improve the sp will improve accordingly... Nobody is expecting this tomorrow.

Https://www.retailresearch.org/whos-gone-bust-retail.html

Who’s Gone Bust in Retail?

Who’s Gone Bust in UK Retailing in 2007-2024?

Never ending demise of the uk highstreet retailers....

Dying ...dying....gone.....

Dow jones on another break oit above record highs....

People have been calling a crash on the usa stocks for 3 years now....

Let's hope for the mother of all recoveries on boohoo.....

Inflation falls at fastest rate in 50 years, putting Bank of England's 2% target within reach.

And try not to dent the new one....

The boohoo group clearly states that it is targeting the market segment constituting of people in the age group of 16-40 years in the U.K. as well as internationally. Clearly, the target audience for boohoo is the young customer who is aspirational and aims to wear designer fashion clothes

Very insightful there doug....

I would expect Frasers to go after ted Baker to be part of their premium life style range....

For boohoo to get this done they would have to combine it with an update of better than expected trading and big improvements in margin etc.... Otherwise they would be under pressure from shareholders and creditors...

Highstreet dying..... Dying.... Dying.... Gone.....

"Ted Baker calls in administrators in latest UK fashion collapse

A number of big names in fashion have collapsed in recent months or faced major difficulties"

UK economy continues to bounce back as most sectors return to growth, new survey shows

Households are expected to see a significant real income boost as wage growth remains elevated while price pressures ease.

https://www.cityam.com/uk-economy-continues-to-bounce-back-as-most-sectors-return-to-growth-new-survey-shows/

Anyone that has made their first purchase at 41p has done so with full knowledge of the company unless they didn't do their research.

Bit late to be asking all the questions now.