The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Based on not wanting it to fall further as ever
Beggers belief on here at times and likely why the share price fell today, Back in the real world as opposed to those pesky mm's that get blamed endlessly on here when it doesn't head north by the usual suspect/s
Exactly!
"Brands that churn out cheap clothes and constantly change their styles face penalties of up to 50 per cent of the retail price in a move to offset their environmental impact"
Fast fashion is boo for God's sake you lot 🤦♂️
"Usual shorter trick" ????
Quite a stretch of a statement yet again.
Always trying to give the impression it's those pesky mm's yet has never ever been able to cough up any evidence other than to blame the market
"Just because MA is buying doesn't mean the share price should rise. He's just buying shares on the cheap and taking his chances that fortunes may improve in the future. It's a gamble on retail which hasn't always paid off for him"
Very very very sensible comment .
Like clockwork.
Asc now broken support.
Boo next?
Both tend to follow suit
Not quite all base covered via KM at Boohoo I would of thought.
Interesting times rampsters
BUSINESS | BUSINESS NEWS
Zara owner Inditex's profits soar as it fends off Shein challenge
The surge in profits comes in contrast to struggling rivals including the UK’s Boohoo and ASOS
ZARA OWNER INDITEX HAS RECORDED HIGHER SALES
ZARA/INDITEX
DANIEL O'BOYLE, BUSINESS NEWS EDITOR @DAN_O_BOYLE
13 HOURS AGO
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Zara owner Inditex saw profits soar to almost €7 billion (£6 billion) as the Spanish-founded chain continues to dominate while rivals in the fast-fashion sector struggle.
The business reported sales just short of €36 billion. That suggests Inditex is still on top of the low-cost fashion world as it fends off the challenge of cheaper Chinese rival Shein, which has been looking at a possible blockbuster London IPO. Profits were up 28% at €6.9 billion, with €5 billion coming from Zara alone.
British rivals like Boohoo and ASOS have struggled to keep up the same momentum against Shein’s rise, with shares in both down more than 90% since early 2021. Sweden’s H&M, Zara’s most natural rival, has also struggled to keep up.
Inditex says it's focusing more on quality and detail. That could help it stand out from the Chinese upstart, which is rarely associated with those traits. It’s also spending €1.8 billion on new warehouses to grab more of the online market, where Shein is comfortably the leader.
The shares rose 4.6% to €42.97 in Madrid today, valuing the company at €134 billion.
CEO Oscar Garcia Maceiras said: ”Inditex’s performance in 2023 has been excellent.
“Our teams have been able to take advantage of the opportunities to keep growing profitably. We are investing to drive future growth.”
The firm upped its dividend by 28%.
Victoria Scholar, Head of Investment, interactive investor said: “Zara is successfully navigating the economic headwinds and outshining its biggest rival H&M thanks to its impressive ability to position itself as both quality and affordability. It doesn’t participate in the race to the bottom on price with the likes of Shein, but instead nimbly keeps up with the latest high-end trends, quickly responding to customer demand by increasing supply of popular items.
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Fidelity’s Tom Stevenson highlights four funds he’s chosen for his own investment accounts, based on the market trends he expects to see in 2024.
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“Zara offers a range of prices to suit different tastes and budgets, from its cheaper, basics range up to its more luxurious, expensive items, which helps the brand to remain economically resilient amid shifting propensities to spend.”
Same old Tradey and chucking rusks,stamping the feet whilst having a hissy moment.
Toddler!
Looks like 30p nailed on here to next visit
"I've never reported a single post as i prefer to let you trolls embarrass yourselves"
Comical as a bit tricky for tradey to now hop up and down 24/7 on the report as admin would likely ban him again
They must of got sick to death of him rambling away 10s of times a day trying to close every poster down that challenged his alternative facts he peddles.
The acclaimed alter ego chartist he's invented
Tradey now chatting to his JeremyP login.
Truly bizarre and speaks volumes about the desperation
JeremyP (cough) soon to wheeled out no doubt as this puppy sinks further to 30p.
Another heavily manipulated day downwards.
We await the usual guff reg the volume expert and trading whizz
Trading4good and the letter to investor relations 🤣
I know what to write it's my day job
You just know he's chased this puppy all the way down "can't get any cheaper" the same as Southcoast.
Board is full of these clowns with no attention to risk....they will always cite "top up" when falls.
Anyone on here thinking these 2 clowns only topped up sub a quid need the head examining as will of been at the first 20% or 10% drop from 4 quid they started
Folk should be very careful listening to these types of people as are deep under water
"SPK, they will make stuff up just to goad and disrupt"
So the Sky article (hardly old for God's sake) was made up Tradey?
Cracking deflection as ever.
Looks like the grown ups aka " Spk and co" should of gone to spec savers.
sky news logo
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Business
Hunt urges Shein boss to pursue blockbuster London float
Jeremy Hunt, the chancellor has met Shein chairman Donald Tang in a bid to persuade the online fast fashion behemoth to float in London instead of New York, Sky News learns.
By Mark Kleinman, City editor @MarkKleinmanSky
Tuesday 27 February 2024 13:54, UK
A keyboard and a shopping cart are seen in front of a displayed Shein logo in this illustration picture taken October 13, 2020. REUTERS/Dado Ruvic/Illustration
Image:
File pic: Reuters
Jeremy Hunt has held talks with the boss of Shein, the Chinese-founded fast fashion giant, in a bid to persuade the company to commit to what would be one of London's biggest-ever corporate flotations.
Sky News can exclusively reveal the chancellor met Donald Tang, Shein's executive chairman, this month as part of British regulators' and government officials' efforts to convince it to list in the UK.
Insiders confirmed the two men had held "productive" discussions about a London initial public offering amid signs its initial target of a New York flotation is faltering.
Sky News revealed Shein's deliberations over a London listing in December, with Bloomberg News repeating those considerations were ongoing in a report on Tuesday.
Money latest: Ryanair signs deal with website it called 'pirates'
The meeting between Mr Hunt and Mr Tang underlines the importance British officials are attaching to the idea of trumping the US in an effort to land the Shein IPO.
One capital markets banker said if it proceeded, Shein could become the London Stock Exchange's second-largest IPO in history, behind the 2011 stock market debut of Glencore International, the commodities trading and mining group.
Mr Tang has already met executives from the LSE as well as more junior ministers as part of its IPO preparations.
Shein filed documents for a New York listing last year, but has reportedly grown concerned its application may be rejected by the US Securities and Exchange Commission.
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Goldman Sachs, JP Morgan and Morgan Stanley have been appointed to work on the deal.
FILE PHOTO: People shop at the Shein Holiday pop-up shop inside of Times Squares Forever 21 in New York City, U.S., November 10, 2023.REUTERS/David 'Dee' Delgado/File Photo
Image:
Shein operates in more than 150 countries. Pic: Reuters
Based in Singapore, Shein has become one of the world's largest online fashion retailers, although its growth has not been untroubled amid mounting concerns about labour standards.
Last year, Sky News revealed Shein was in talks to buy the British fashion brand Missguided from Mike Ashley's Frasers Group.
While the transaction itself was worth only a modest sum, retail analysts said it could pave the way for Shein to build a more meaningful profile in the UK, potentially through a broader co
LMFAO as folk betting on the fact Shein won't list.
Money talks end of and will be the usual bit of a wing clip and that's it.
It will go ahead despite the flag waving on here
Yawwwwnnnnn Tradey!
Stuck on repeat again !