Member Info for Spideystreet

Just look at the dosh Shein have to chuck at advertising of late as it's phenomenal ...Boo -who?

menu icon

header logo image

WATCH LIVE

TECH

Meta's continued rally could hinge on the fortunes of upstart retailers Temu and Shein

PUBLISHED WED, JAN 31 2024 1:16 PM EST

UPDATED SAT, FEB 3 2024 1:44 PM EST

Jonathan Vanian

@IN/JONATHAN-VANIAN-B704432/

WATCH LIVE

KEY POINTS

Temu and Shein, two online commerce companies that were headquartered in the China region, have been significant contributors to Meta's ad rebound.

Meta finance chief Susan Li said on the last earnings call in October that the company has "benefited from spend among advertisers in China reaching customers in other markets."

Should the companies pull back on their spending, Meta's growth rates could take a hit.

In this article

META

Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016.

Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016.

Shu Zhang | Reuters

Like many Facebook and Instagram users, marketing veteran Victor Lee is inundated with ads from Chinese online retailer Temu when he opens one of his Meta apps.

Recently, he saw a promotion on his Instagram feed for a generic golf bag. Lee, a newbie golfer who's been shopping for equipment, was intrigued enough to click on the ad. He then landed on Temu's storefront.

CONTINUE READING

In this article

META

TRENDING NOW

1

Don't use these phrases in a job interview, they are ‘major red flags,’ says ex-Google recruiter

2

Psychologist in Finland, the No. 1 happiest country in the world: 4 phrases we use every day

3

One of world's top ocean shippers says the outlook has changed for the global economy

4

Laid-off techies face 'sense of impending doom' with job cuts at highest since dot-com crash

5

If you use any of these 4 phrases you have higher emotional intelligence than most

View the full site

© 2024 CNBC LLC. All Rights Reserved. A Division of NBCUniversal

Data is a real time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stocks, Quotes, and Market Data, and Analysis.

Privacy Policy Do Not Sell My Personal Information CA Notice Terms of Service

Data also provided by

And the snippet from the article as I'm not aware of a trade war between UK and China.???

It's going to happen

Excitement is already gathering over what could be one of the largest ever flotations in London, spurred by the belief that a decision to float here, rather than in the US, would 'happen with a bang', as one City figure puts it. The arrival of funky Shein (pronounced She-in) could shift the perception that our stock markets are a dowdy backwater. Obstacles stand in the way, however.

Although now Singapore-based, Shein still requires Beijing's blessings for its plans.

:Also it may not have abandoned its earlier ambition to go public in New York, hoping to overcome objections, some of which arise from the US and China trade war."

Asc also still heavily shorted.

Mindful that despite the bunting put out in here the shorters have been spot on to date and I fully expect further falls and asos the next due litmus test.

Comment of the day surely =

"Be nice to see Mahmoud et al put their hands in their pockets, for once, and purchase stock themselves, rather than keep up the radio silence of the last year or two.

Doesnt show much in the way of confidence to the wider markets having them sitting on their hands."

USA

proactive logo

ASOS, Boohoo facing downside as online-only retail under pressure - analysts

Published: 11:26 15 Mar 2024 EDT

Written by: Josh Lamb

Edited By: William Farrington

About this content

View

ASOS PLC

LSE:ASC

ASOS bag

ASOS PLC (LSE:ASC) and Boohoo Group PLC (AIM:BOO) are both facing downside on the back of ever-increasing competition in the UK’s online fashion sector, analysts have said.

Coupled with a resurgence in high street shopping and ongoing cost of living pressures, each face tough outlooks, Shore Capital analysts said in a note on Friday.

“Like the rest of the UK online fashion market, ASOS is likely suffering tough competition from players such as Shein, a robust M&S and Next family assortment as well as second-hand disruptors like Vinted,” analysts wrote.

Alongside this, “the sector has been disrupted by the return of the high street post-pandemic,” analysts continued, with soaring inflation hitting younger people’s pockets in particular.

Attitudes toward fast fashion have also changed as consumers increasingly favour ethically sourced and environmentally friendly goods, Shore Cap said, adding further pressure.

Shore Cap cut forecasts for both as a result, with Boohoo expected to face a 15% decline in sales and ASOS suffering a 9.4% decline in revenue this year.

Both metrics should return to growth from 2025, analysts acknowledged, adding work needed to be done by the retailers, which each suffer from being solely online, before then.

“Frankly, ASOS and Boohoo have to demonstrate that they are in control of their own destinies [and] that they can achieve sequential improvement in financial performance,” the bank said.

A ‘sell’ rating was reiterated for ASOS, while Shore Cap kept a ‘hold' rating for Boohoo, adding it saw shares in each falling 15% and 4% respectively over the year.

View Price & Profile

NO INVESTMENT ADVICE

The above has been published by Proactive Investors Limited (the "Company") on its website and is made available subject to the terms and conditions of use...

TERMS & CONDITIONS

|

FULL DISCLAIMER

About

Meet the team

Contact

T&C

Work for us

Cookie Preferences

Follow us on:

Copyright © Proactive Group Holdings Inc, 2024

All Rights Reserved - Proactive North America Inc., Proactive Investors LLC.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use.

Managed by Google. Complies with IAB TCF. CMP ID: 300

And is certainly strange he doesn't get pro active and report it to FCA.

Probably has nothing but pure from thin air guess work to back up the claim of "manipulation" the truth be known

Spot on Cranshaw

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

SPONSORED

Indulge in wines from across the world

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.

Better get a Travelodge

Great value rooms from £35 or less in over 580 hotels nationwide

Travelodge

My 4 fund picks by Tom Stevenson

My 4 fund picks by Tom Stevenson

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.

Fidelity.co.uk

“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