The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Yesterday's dead cat and all
Clearly not one for the rampsters on here taken from that snippet
Looking ahead, Boohoo remains optimistic about its growth potential, focusing on sustainable and profitable expansion strategies. Nonetheless, analysts caution that the company’s tarnished reputation and financial struggles pose significant challenges to its recovery and long-term viability in the highly competitive online retail landscape"
Another monopoly top from the endless pit of wealth.
Nearly as a comical as "Jezza4G" and acclaiming to first buy in sub 30p to look credible
Laurel and Hardy a long way to go to get that piano up those greased stairs courtesy of "Shein"
Gen Z fast fashion brand Boohoo axes more than 1,000 jobs and crashes into debt as losses soar to £160million - just days after billionaire boss' son Umar Kamani enjoyed lavish £20 million wedding
https://www.dailymail.co.uk/news/article-13395365/boohoo-cuts-jobs-debt-sales-slump-battle-shein-temu.html
New questions emerged over fast fashion firm Boohoo recovery plan this morning, as losses ballooned to £160 million and sales slid by double digits across all regions.
The online retailer, which also owns Debenhams and the PrettyLittleThing brand, reported a £160 million loss for the year to 29 February, up 70% on last year.
Revenue was down 17% to £1.46 billion, which the business said came "as group performance continued to be impacted by a difficult macroeconomic environment".
Weak consumer demand has only added to the problems facing Boohoo.
Like recent fashion casualty Ted Baker and on-the-brink Superdry, Boohoo’s clothes have been falling out of style. At the same time, it faces stiff competition from Chinese retailers Shein and Temu, which sell their clothes at prices that homegrown retailers have struggled to compete with.
The business has been pursuing higher margins, but the sales slowdown suggests that it’s struggling to do so without losing customers.
Yanmei Tang, analyst at Third Bridge, said:
“Investors want Boohoo to make profit, but raising prices due to inflation while customers face financial strain puts them in a tough spot.”
Julie Palmer, Partner at Begbies Traynor, warned:
“In today’s competitive landscape for fashion, that’s not going to be easy, especially as cheaper competitors continue to take market share and there is a growing shift away from fast fashion amongst younger generations who increasingly prefer to buy pre-loved garments.”
The slide in sales came across all regions, including an 18% decline in the US, which Boohoo had hoped to be a key part of its turnaround strategy. Boohoo said long delivery times have “undoubtedly impacted demand” in the US, but the company hopes that this will improve as it opens a new warehouse in in Elizabethtown, Pennsylvania.
More of the "Tradey Fud news".....what a plumb!
Boohoo recovery plan doubts grow as losses hit £160m | Evening Standard
https://www.standard.co.uk/business/boohoo-losses-grow-shein-temu-sales-revenue-fast-fashion-online-john-lyttle-b1156322.html
Surey that's fake news paced by the shorters
Take the "boohoorider" seriously
Blimey man have you still not worked out how competly off the wall it is to have that name handle and posting idiotic bling pictures of a watch.
It looks very very messed up and something clearly aint plugged in upstairs
"I wrote to the BOD 12 months ago and said why don’t you do a sale and lease back on the properties and generate over £124m….."
Tradey lol.
Await further downgrades.
"Troll Blind"?
Blimey, "Tradey blind" empties your wallet even faster than a Troll.
What a clott
As ever Tradey trys to turn/spin it into his own self righteous quest with the usual forced down the throat dictating moral stance.
Blithering fool
Was a disgusting post END OFF!
Disgusting Southcoast
Reported!
Now chatting to himself again.
Blimey!
That's the idea with this Sam
"The UK’s post-Brexit pitch for the LSE is not likely to be as a safe haven for Chinese state-linked businesses as an alternative to a US listing and, as such, the UK is likely acting opportunistically to nab a listing from a company it does not see as strategically problematic. Fast fashion is hardly a national security threat.
But Shein’s listing may not mean very much beyond a PR boost. A steady flow of Chinese companies listing in London seems inconceivable in this new era of great power politics, but it suggests that the UK is looking East when considering the future of the LSE"
Good boost for the UK and definatly needs some injection. "But but but governance issues".fast fashion and national security lol
Shein mega listing could reverse momentum in London’s IPO melodrama | Evening Standard
https://www.standard.co.uk/business/shein-mega-listing-could-reverse-momentum-in-london-s-ipo-melodrama-b1155706.html
Shein lol.
Too much red tape to list (cough)we all got told eh Southcoast
"There is grave danger that growth will start to fall significantly over the next few years"
And the heads you got for boo pre 400p to 34p
In your on time