Member Info for southcoastbather

Bang up to date....

Fast Fashion's Reckoning: Shein's Sales Plummet and the Rise of Sustainable Alternatives

https://www.google.com/amp/s/bnnbreaking.com/finance-nav/business/fast-fashions-reckoning-sheins-sales-plummet-and-the-rise-of-sustainable-alternatives

"https://www.google.com/amp/s/news.sky.com/story/amp/sainsburys-to-cut-1-500-jobs-in-cost-cutting-plan-13083846

Sainsbury's to cut 1,500 jobs in cost-cutting plan

The chain announced a strategy earlier this month that aimed to save cash from under-performing areas to invest in driving growth."

Starting to look like boohoo are ahead ofnthe curve.....

Looks like it's not boohoos job to employ the nation after all....

The buys over at Asos just go to show that the market really doesn't care much about Director buys or sells...

They can have a short term small impact but never any meaningful impact either way...

The tea rolls here want you to believe that Directors and the Kamanis should be buying but that's not really the case....

Seen it so many tikes on companies... Blah blah the directors should be buying etc etc.... Then when the recovery happens nobody cares lol!

Some good information in them posts regarding next and sports direct....

Both companies had hit a wall for growth...

Both company were in the media for a whole host of things regarding labour practices...

Both companies share prices were battered....

Its was game over for both companies apparently....

Then BOOOOOM! They both soared back to growth and in a shrinking high street....

Watch what boohoo does in a GROWING online sector.... 🚀

Https://www.google.com/amp/s/amp.theguardian.com/business/2015/dec/10/sports-direct-share-price-falls-following-guardian-working-practices-revelations

"Sports Direct shares plunge as sales growth stalls"

"More than £400m was wiped off the value of Sports Direct as City investors and MPs turned on the company following disappointing financial results and revelations over pay and working conditions unearthed by a Guardian investigation."

"The Guardian revealed on Wednesday how the retailer’s temporary warehouse workers are subjected to an extraordinary regime of searches and surveillance. Undercover reporters also came up with evidence that thousands of workers were receiving effective hourly rates of pay below the minimum wage."

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Then a few years later.....(the British media really are an embarrassing mess with short memories)

https://www.cityam.com/sports-direct-revenue-up-after-premium-lifestyle-sales-jump/

" Sports Direct shares soar on profit jump"

"The company’s share price surged more than 30 per cent to 470p after the high street store said reported profit before tax increased 160 per cent to £193.4m in the 26 weeks to 27 October. "

"Group revenue increased 14 per cent to £2.04bn, following a 79.2 per cent jump in premium lifestyle due to new Flannels stores and a full period contribution from House of Fraser, while UK sports retail sales increased 6.2 per cent."

https://www.sharesmagazine.co.uk/news/shares/retail-powerhouse-frasers-delivers-record-results-and-raises-full-year-profit-guidance

" Retail powerhouse Frasers delivers record results and raises full year profit guidance"

"Record results for the year ended 30 April 2023 revealed an impressive 15.8% rise in group sales to £5.6 billion, boosted by acquisitions including fast-fashion sites Missguided and I Saw it First and tailoring brand Gieves and Hawkes, leaving revenues more than 50% above pre-pandemic levels."

"Frasers reported a 40.7% surge in adjusted pre-tax profits to £478.1 million, ahead of the £468 million called for by consensus."

RE: Any of this sound familiar?

Https://www.google.com/amp/s/amp.theguardian.com/business/2016/mar/24/next-warns-of-toughest-trading-since-financial-crisis-and-cuts-sales-forecast

"Next warns of toughest trading since financial crisis and cuts sales forecast"

"The boss of Next has sent shockwaves though the high street, wiping more than £3bn off the market value of the country’s biggest clothing retailers after he predicted the toughest trading conditions since the financial crisis"

"But analysts said Next, which had a disappointing Christmas sales period, could not hide behind the economy as behind the scenes it is grappling with the waning star of its directory catalogue business which delivered 50% of its £821.3m pre-tax profits in the year to January."

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Then a few years later.....

https://www.google.com/amp/s/news.sky.com/story/amp/next-shares-surge-as-full-price-sales-drive-profit-forecast-up-11773994

" Next shares surge as full-price sales drive profit forecast up

The retailer raises its guidance after a better-than-expected financial performance in the first half of the year."

"Next has provided some rare cheer for high street retailers by raising its profit expectations following a better-than-expected leap in full-price sales."

" Shares rose sharply after the fashion chain reported a 4.3% increase in the half-year to 27 July, though the performance continued to be driven online as store sales declined."

Fast Fashion's Reckoning: Shein's Sales Plummet and the Rise of Sustainable Alternatives

https://www.google.com/amp/s/bnnbreaking.com/finance-nav/business/fast-fashions-reckoning-sheins-sales-plummet-and-the-rise-of-sustainable-alternatives

Did anyone notice this??

Slashed it's valuation by 34 billion just to raise 2 billion..... Pretty sure they're running big losses....

https://www.pymnts.com/news/retail/2023/report-shein-raises-2-billion-but-slashes-valuation-by-1-3

I had a tiny fun punt on superdry recently....

Put 2k in and took 6.3k out a few weeks later...

Made a couple of comments on the chat as well...

Now that was fun....

On the flipnside the so called fun punter here has spent over 2 years day in day out slanging boohoo off.... Is that a fun punt?? It doesn't make sense.... This share has smashed his life to bits. That's the truth.

The interesting thing when comparing asos with boohoo is the 5 year share price chart ups and down....

They are almost identical, yet asos has not been in the news papers day in day out dredging up old news....

Kind of paints the picture that that the issues affecting the sector is what's driven the sp down..... As appose to all the dross posted daily by the resident troll....

Just wait until there is the slightest sign of positive news.... 🚀🚀

Slashed it's valuation by 34 billion just to raise 2 billion..... Pretty sure they're running big losses....

https://www.pymnts.com/news/retail/2023/report-shein-raises-2-billion-but-slashes-valuation-by-1-3/

Fast Fashion's Reckoning: Shein's Sales Plummet and the Rise of Sustainable Alternatives

https://www.google.com/amp/s/bnnbreaking.com/finance-nav/business/fast-fashions-reckoning-sheins-sales-plummet-and-the-rise-of-sustainable-alternatives

Https://www.google.com/amp/s/bnnbreaking.com/finance-nav/business/fast-fashions-reckoning-sheins-sales-plummet-and-the-rise-of-sustainable-alternatives

Fast Fashion's Reckoning: Shein's Sales Plummet and the Rise of Sustainable Alternatives

Corrrr the whack jobs gone absolutely bonkers today

Not a chance its all priced in.... Wait until the Ukraine war ends and prices tank further.... This is just the start of glen falling.

Ld - it's not only sentiment that changes on one rns.... But also investors mind set.... When boohoo starts to motor with positive number you won't be in a hurry to sell👍

Https://uk.finance.yahoo.com/news/miners-set-bumpy-ride-060000383.html

Looks like miners are in for a terrible couple of years..... But it's just a cycle eh😂😂... Watch that money poor into the online sector from mining in the next 12 months.

https://uk.finance.yahoo.com/news/miners-set-bumpy-ride-060000383.html

The first of these is operational – Glencore and Anglo American, two of London’s largest commodity outfits, have bled profits in 2023

Bleeding profits will lead to a bleeding share price and no dividends."

Goro - https://uk.finance.yahoo.com/news/miners-set-bumpy-ride-060000383.html

The first of these is operational – Glencore and Anglo American, two of London’s largest commodity outfits, have bled profits in 2023

Bleeding profits will lead to a bleeding share price and no dividends.

Rag - I wouldn't even use the word unfair to describe the amount that boohoo are in the press, it's actually abnormal the amount of recycled old news that gets pumped out by the press.

The irony for me being that one of the worst offenders in the trade (uk wise) is now a ftse 100 company (sports direct)... Just shows how things can change and very fast.