Member Info for southcoastbather

The US apparel retailer Gap has been struggling in Europe for some years but the pandemic has finished its high street presence. While it continues as an online operation, its closure of its 81 stores in Britain and Ireland is another blow to the battered city centres and shopping malls.

https://www.google.com/amp/s/www.independent.co.uk/voices/gap-closing-uk-stores-high-street-b1876126.html%3famp

They're falling like domino's.... The problem is that with one shop closing it means less customers for other shops as the whole "shopping package" offered by city centres is getting smaller and smaller therefor less people bother to make their way into town..... They sit at home with a coffee and order online instead....

Pmoron - I think people think you just get a website and post a t shirt out of thin air.... The forget the distribution and logistics side of things... Let alone know anything about automated distribution centres.... Now that is when the profits grow....

I'd be interested in a list of the competition boohoo has?. .. Saying everyone is selling online is quite silly really - its the same as saying 20 years ago "everyone is selling in shops"... Yes they were but did they all make it a success?! The answer is no!!

Boohoo are smashing the competition out of the park...

Exactly chancers.... This has been shorted down.... The resulting rise will be phenomenal...

2022 will see a record high for the boo share price!!

500p by xmas next year.

https://www.google.com/amp/s/www.bbc.co.uk/news/business-55661741.amp

January 2021 primark says it wont go online BECAUSE IT'S PRICES WILL HAVE TO RISE!

Customers have said they would welcome the retailer setting up an online shop.

But Primark, which saw a 30% sales fall to £2bn in the 16 weeks to 2 January, says the cost would mean price rises.

It contrasts with online only fashion retailers such as Asos and Boohoo, whose sales rose by around 40% in the last four months of 2020.

Look at primark - OUCHHH!!

Primark half-year sales decline by 41% to £2.23bn, while profit plunged 90% to £43m

https://www.retailgazette.co.uk/blog/2021/04/primark-profits-plunge-90-as-ab-foods-repays-121m-furlough-cash/

https://www.thefashionlaw.com/retail-woes-a-bankruptcy-timeline/

Have a read of some of these articles - they tell you all you need to know about where the money is being spent - online online online!!

Focus what's really happening and not what some muppet is spewing up day in day out!!

https://www.google.com/amp/s/www.business-live.co.uk/retail-consumer/shops-collapsed-administration-2021-19919723.amp

Just look at it!! It's in tatters!!

I like this quote -

"But it’s not all doom and gloom; online retailers have seen a boom in business as people’s shopping habits have changed in the last 12 months."

3000 retail stores closing so far in 2021 due to administrations.... Do people really believe retail is coming back to life?!

https://www.businessinsider.com/stores-closing-in-2021-list-2021-3?r=US&IR=T

Check out the recent next update!!

July 2019 online sale were 1 billion gbp
July 2019 store sales were 874 million gbp

July 2021 online sales were 1.52 billion (PLUS 52 PC)
July 2021 store sales were 540 million (MINUS 38 PC)

July 2021 total revenues were 7.5 percent above 2019 so the business is still growing to some degree but ALL the growth is coming from online - if next didn't have online they would be dead in the water.

NOW COMPARE BOOHOO TO NEXT!!

· Doubled market share in the UK and US over the last two years. Total group sales +73% since 1H20....

Just read this!! It's all you need to read!! High-streets have had it!! It's ALL going online within a matter of years.... There will be one last little splurge of people out shopping in town innthe run up to xmas this year and they will all be back shopping online. Next year there will be liquidations and administrations galore just like 2020!

https://www.google.com/amp/s/www.business-live.co.uk/retail-consumer/list-shops-fallen-administration-2020-18177619.amp

Anyone see sosander update?! Wow!!

https://www.google.com/amp/s/www.business-live.co.uk/retail-consumer/sosanders-half-year-revenue-rockets-21786837.amp

Huge growth online!! Just imagine what boohoo are going to do!!

Great consistent revenue at Debenhams as well.... Over 2 billion pounds every year for 10 years straight

Debenhams online sales values were over 500 million pounds per year...... And that's when they had physical stores open..... Imagine what those number will be without physical stores and all the associated costs of stores and staff being cut out .... So much to come from that acquisition...

I remember holding ocado around 300p when shorts thought they were clever... Look what happened there. ... Someone call the fire brigade!

This comment below is very striking.....anyone thinking the highstreet will flourish is deluded.... More highstreet stores will collapse in the near future.... Like dominos!! Wait until primark start closing stores as that will be game over for highstreet!

"The shift to ecommerce was happening well before the pandemic, but has accelerated significantly over the past year. It now seems unlikely that the High Street as we knew it will re-open any time soon, or ever. With plans in place for Debenhams to re-emerge in 2022, as an online-only retail brand, there can be no doubt where future trading opportunities lie.'"

Simon Underwood, business recovery partner at accountancy firm, Menzies LLP, said: 'Debenhams has been left with no place to turn and nothing worth selling except intangible assets. 

'The shift to ecommerce was happening well before the pandemic, but has accelerated significantly over the past year. It now seems unlikely that the High Street as we knew it will re-open any time soon, or ever. With plans in place for Debenhams to re-emerge in 2022, as an online-only retail brand, there can be no doubt where future trading opportunities lie.'

Debenhams had already announced significant job losses and the permanent closure of six stores, including its flagship outlet on London's Oxford Street.

Boohoo said the deal represents a 'fantastic opportunity' to target new customers and launch into the beauty, sports and homewares market for the first time.

The company highlighted how Debenhams has six million beauty shoppers and 1.4 million Beauty Club members.

It said: 'The group intends to rebuild and relaunch the Debenhams platform, helping further the group's stated ambition to lead the fashion eCommerce market, and grow into new categories including beauty, sport and homeware.' 

As stated earlier - similar web stats are wrong and the revenues vs the similar web stats easily proves this.

Revenue is up 20 percent for this last 6 months and will probably be in the region 28 to 30 percent in this current 6 month period... Maybe even more.

This run up to xmas will be absolutely phenomenal!

So what you are being led to believe is that PLT web traffic is down 30 percent in the last 6 month's....

The most recent 6 month update gives revenue growth of 20 percent, supposedly on the back drop of a 30 percent drop in traffic??

Someone is lying and I don't think it's boohoo...

This account Kallumama or what ever it is is being used by multiple users with the intention of shareprice manipulation... The incessant negative lies are beyond normal behaviour. Maybe take the time to report the account for market abuse.

"takeoverToday 14:34

mike ashley?
any views"

Yes - plain fkin stupid!!

The comments on this chat honestly - it's absurd!!

Management have given 7 straight year's of monumental growth and people posting here like it's game over lol....

"Even if we chop that in half, to 50% upside, that's attractive. If we chop it by three quarters down to 25% then it's still not a terrible upside."
On the topic of chopping
what if the brokers come back chop the 460 to 350p downgrade by another pound or two?"

What if they upgrade to 600p when the headwinds disappear and we have another 600 million revenue on top of this years revenue?