RE: Shein growth dissappeared and company could close??16 May 2023 17:20
So many characters under one user name... Reminds me of the film split.... Although you will be bang on with the below post... The fruit will bear mid 2023.
Peoplepower1
Posted in: BOO
Posts: 6,238
Price: 55.32
No Opinion
RE: Daytradenovice.29 Jun 2022 15:46
Thank you scb. It seems unlikely to me. May trading was good. And people may turn to Boohoo for cheaper clothes, so it could work out well for Boohoo.
Yes Boohoo made a loss of £4m for year ending 28 February 2022 however that was because they had a hell of a lot of expenditure. New Warehouses, automation of existing warehouses, marketing and websites for many new brands, London Soho Office building where they coudl have a beauty store on the ground floor, beauty store in Manchester, new factory and training extablishment in Leicester, supply chain costs, supply chain problems, etc., etc. 13 Brands is a mammoth task and for me, they will start to bear fruit in mid-2023.
All online retailers are being hit Asos, THG, Revolution Beauty, etc., etc. Inflation is going up, cost of living is going up, economic woes and these are hitting all online retailers worldwide.