The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
There is a different between active and passive customers and it is also a snapshot only in time. 18 million "active" customers was on that date in time. The next day it would no doubt be different. It's impossible to accurately quantify surely you can see that, but 18 million as a guide, is pretty big so far as a competitor would be concerned. It's likely their actual customer base is probably double that, but we all sign up to sites and then use then now and then, or don't use them at all, often to get offers on first sign up with codes such as NEW10 and the like, that's the incentive, but we might not actually get around to buying. It's immaterial, what's material is what a competitor sees, and how a competitor could maximise that customer base and fit it in with its own business design, and also sell information to other businesses it is connected with. So take Mike Ashley, he can incorporate it within his own fashion retail business, but he can also incorporate it in to his sports retail business, and if you ask me who would take Boohoo if they were interested, it would definitely be MA, but at what price? Otherwise, summer is coming, I expect sales will increase, customers will be back, the purse strings are tight with mortgage interest rates up, and likely to rise again, so those feeling the pinch will spend on the cheaper fashion brands.
But note the crucial word, it says "active", so I could be on numerous data bases, but I haven't bought anything from them in the last year, so what, I'm still on it, but I'm not "active". Did they give the passive numbers as well? bet its a hell of a lot more.
You can't actually quantify it specifically daytradenovice because people leave and others comes on board every minute of the day. You can only give a rough snapshot at a moment in time, that is all. So that 18 million, could actually be 22 million today and rising, with summer approaching, youngsters looking for the latest fashions at bargain prices and so on.
"In the digital landscape, customer data has become a valuable commodity. Let’s break down how different entities assign value to this data:
Social Platforms:
Companies like Twitter, LinkedIn, and YouTube use user data as a bargaining chip to support their ad sales. These platforms have millions of users, allowing them to control who advertisers can access based on their investment. For instance, in 2020, LinkedIn Marketing Solutions earned over $3 billion in revenue by providing advertisers access to their 700 million+ users, while YouTube raked in $6.9 billion in advertising revenue during the same period1.
Companies:
Companies invest billions in advertising because data sets provide insights into personal preferences, affiliations, family dynamics, politics, and more. Accurate data helps companies tailor messages to the right audience at the right time. Data allows them to better understand customer needs, desires, and pain points, enabling adjustments to products, services, and messaging.
Formulas like Customer Lifetime Value (CLV), retention rate, and customer acquisition costs help quantify the worth of specific customers or customer segments to a company."........
Source: Bing
Https://hbr.org/2020/05/buying-consumer-data-tread-carefully
I've come back in to Boohoo this morning after a break away from it. The devil is in the detail, and the detail is this as reported by the BBC back in November 2023.
"The retailer is a market leader in getting its customers the latest styles as cheaply and quickly as possible. Last year, Boohoo Group had 18 million customers and £1.7bn worth of sales."
The key words there is 18 million customers. That customer data is worth millions if not billions to a rival. 18 million + is a HUGE amount of customer data, which allows driving forward offshoots of sales in other directions, looking at customers lifestyles and lifestyle patters, its worth a fortune to supermarkets, and competing businesses in the fashion world, so do not under estimate that at all. Forget sales figures, they are peripheral, it's the customer data that is priceless.
Not showing on here, so here we go :)
https://www.londonstockexchange.com/news-article/ECR/significant-increase-in-gold-grades-at-creswick/16456569
I'm also a cynic and believe that Rishi Sunak will use it as a power play to get votes, I think it will go to RR, to bolster the Tory PR machine of putting the Great back in to Britain, so I do think this one will go to Rolls. It won't go to EDF, we don't want the french involved "In 2017 EDF took over the majority of the reactor business Areva, in a French government-sponsored restructuring." - keep the french out, they are not doing us any favours at the moment, so I can't see them getting the contracts.
You can't argue with what is in black and white from the government website, so no Nettles, the government will not be announcing contracts in June, as you will see from what I have posted, they have until June to submit their tender responses. The government then need to assess those and will announce the successful bidders later in the year.