If bans were dished out for talking shyte cwwx would be the first to go....π
It's the calm before the storm.... Getting closer to a rerate and all the new contributors ramping it will arrive π
Ummmm...
Chinese fast-fashion retailer Shein has admitted two of its sites breached local labor violations and that it will be investing $15 million to improve the working standards at its factories
https://fortune.com/2022/12/06/shein-factory-investigation-finds-breached-local-labor-law/
Surprises me that nobody has made a point of the fact that shein are only "profitable" due to using tax dodging loop holes and even still only have a wafer thin margin.... Their current business model is not viable on a level playing field... Wait until the field is leveled because it's coming soon.
I don't think shein will list in the uk but if it does it may well bring some interest back into the sector.
Interesting to hear a new user and recent buyer like sam to be talking of share holder value.... Surely this is possibly the opportunity of a life time for a new buyer like you??...
Fira.... Thira.... Etc.... Etc...
A clown never changes its suit....
Volt - it's not going to happen - you are talking company fraud and also hmrc issues all for a couple of million quid?! Not going to happen.
Absolutely brilliant news... Get it sold and get the cash in the bank...
The giant Sheffield site and the usa distribution centres are the work horses for the business.... And of course automation....
2 years of streamlining and cost cutting to rebuild the margin are going to start shining through from here....
10 percent is the chairmans target margin....
When the market is satisfied that its all going in the right direction the rerates here will be very quick.
Big big future for boo and revolution beauty.....
"Revolution Beauty Group plc delivered a revenue beat and an earnings upgrade in a trading update today, suggesting vindication for the non-violent boardroom coup enacted by major shareholder Boohoo Group PLC (AIM:BOO) in 2023.
Boohoo forced an executive shakeout last year, which came to an end with former chief legal officer Elizabeth Lakeβs resignation in December."
What a difference less than 2 months can make huh?!
Less than 2 months ago the ceo walks under pressure....
2 months later they beat market expectations....
What happens here come May if we report better than expected margin and give a good update for current trading?!?
"John Lyttle, CEO of boohoo group plc, said: "I'm pleased that we have been able to reach an agreement with the CMA following its investigation into environmental claims.
"Along with the other retailers who have been a part of this process, we have chosen to sign a set of undertakings that will provide some helpful clarity on how the CMAs green claims code operates in practice.
"We remain committed to working with others to find collective solutions to the shared challenges of sustainability within the fashion industry."
I think this set of undertakings could also be a big problem for companies like Shein....
"In July 2022, the Competition and Markets Authority ("CMA") launched investigations into three businesses - including boohoo - to investigate green claims. We are pleased to announce that the CMA has now completed its investigation and has not found boohoo to have breached any consumer protection law. The investigation has therefore not resulted in any legal action being brought against boohoo."
Would you adam and eve it!! The first 3 percent rise for a while and all 3 of them are not here to tell us about it!. God dam
Ben... the sad fact is that life has come along and humbled him.....
He has got a life shortening illness that has left him being fed through a pipe.... By his own admission he doesn't believe he will ever draw from a pension he has spent his whole life paying into.
For some reason there is some happiness gained in this boohoo forum and being a vile person to boohoo holders...
I don't see why admin should remove this post as its all been posted in his history....
We will all get our money back plus multiples on top when boohoo recovers.... But him? Nope there's no getting time back....
Since buying and adding to boohoo over the last 2 years I've been to the carribean 9 times, spain twice and a few uk trips, plus had phenomenal growth in my on company and got my hands on some great investment watches... Also have a few investment rental properties that have been ticking away in the background paying themselves off for over 20 years.... Done some some lovely extensions and renovations on our home as well (adding plenty of value back when building was cheap pre covid)...
3 more Caribbean trips booked for this year also...
Life is pretty good all in all...
Maybe there will be a run on the banks that someone here predicted πππππ...
The amount spent online, known as online spending values, rose by 2.1% over the month to February 2024 (2.2% over the year). This monthly rise was the largest since July 2023 when shoppers switched to online shopping because of poor weather and increased promotions.
Clothing retailers reported strong online sales while department stores and household goods stores were the only two subsectors where sales values fell over the month.
This monthly increase in online sales led to a rise in the proportion of sales made online, from 25.1% in January 2024 to 25.7% in February 2024.
He's not an average anything.... Sub par in all aspects.
Quite a misleading headline there hey.
Skimming through comments on my first cuppa....
Then the second....
Then lunch....
Then all afternoon....
Then all evening....
Then 10pm to 1 am....
Then 1am to 6am....
I noticed the other day he wass commenting multiple times on a board between 3am and 4am as if someone might reply......
Deary me!!
As I've said.... 2 things will be missing when this recovers.... Trolls and opportunity....
The trolls i can miss but the opportunity I have taken..... π
Apple getting sued by the usa government for squashing the growth of other companies..... Shein are about to get the shaft in the usa lol...
Spk it would be interesting to tot up all the reviews for the 13 brands boohoo own and see how many there actually is...