Member Info for WolfofWarks

SCB - the growth in the USA has only started slowing down due to the freight issues. It was working fine before and we’ve built a business that turns over £100m’s PA.

An NDC has to built right, especially if you’re aiming for it to be technologically superior. We also need to work out how the fast fashion element will work over in the US. It works in the UK because of Leicester. Do we also manufacture in the states? Is it feasible with the right labour at the right cost to make it viable, because that’s an even bigger investment needed. Do really want a model in the US that is too depends on whether or not enough planes are in the air?

If your actions on this board are one of your marks of success then you’re an even sadder act than I first feared.

Tell me, do have a script from your paymaster to twist every narrative?

I’ve got no problem with young people living their lives and having fun. I certainly did in my 20’s. If they want to buy themselves nice clothes and other things with their hard earned them fair play to them.

In the U.K. now you can get this all sorted within a month or 2 if you outsource it.

That’s a completely different proposition though, would they want the loss of control, cost, etc.

It all depends whether we see the freight issues as transitory or more permanent. The simple answer is no one knows and the wind changes every week. I actually think things could at last be changing for the better with the new variants getting weaker, vaccines holding up and therapeutics on the way, airlines are claiming bookings returning to 2019 levels which means more air freight capacity which is also feeding directly into inflation.

A company the size of boohoo with the ambition should be looking to bespoke especially if they are looking at the robotics, automation, etc.

“ There is nowhere else to go except discounters and everybody shops there it's no longer a preserve of the middle classes which have been diminishing anyway”
Kallu - you seem to be missing the point that the reason this has happened is because of the move to online. All of these stores that have disappeared have been crushed, those that have survived need an omni channel offering.

It’s got naff all to do with the popularity of B&M, they have just filled the gap. They do it well mind, as do primark.

You ask why is everyone shopping at Lidl or Aldi. But Marks, Waitrose, Tesco and Sainsbury’s are all flying as well.

“ My point was that maybe the Indian fashion culture for Boos age demographic is cost based as opposed to British culture which tends to be based on brand.”

I’ve got a young Indian lad working for me who’s in his 20’s and I’d say he’s dead trendy. In reality the 2nd/3rd generation Indians who would be in the boohoo demographic are not very Indian at all, or at least just as British if that makes sense. They just go through the motions to keep grandparents happy.

“ To get something like that running should not take 18 months”

That’s not in the slightest bit true. It all depends whether they have sourced a unit or whether they are building one from scratch. Then you have to find the right location, local planning applications and associated problems, design & build, automation, etc.

While we are worrying about the current quarter earnings, returns, etc, they are building a company aiming for £5bn turnover on the background.

What are argo going to pay dividends or buy share’s back with?

We would have to change our ‘HODL’ policy.

It’s also important to enjoy your successes.

While money doesn’t mean everything it can certainly give you a more comfortable enjoyable life.

“Why did Debenhams go bust?
Why hasn't Next gained market share in the last 15 years before Arcadia?”

The internet!!!!

Kallu - the inflation across IT services and labour has been eye watering over the last two years. Anything data centre, cloud or SAAS has like you said been ramped up.

But I I believe this is predatory and opportunist by the likes of Microsoft and or will come full circle when some of their biggest customers say enough is enough.

Regarding the business travel I think people are growing weary of zoom meetings. It won’t come back fully but it has a long way to go. People generally like to travel internationally even if it is for business in my opinion.

My wife is 36 and still buys from Boohoo and ASOS.

capacity in ships and air planes cannot be built back quickly

Yes it can

I don’t think we’re far off covid becoming a non issue in which case they’ll be loads more planes taking off. The airlines are roaring and ready to go. I don’t think business travel will ever receiver fully but some deals will still be done by two people who want to look people in the eye rather than on zoom.

I’m my firm as soon as we were allowed back into the US business travel across the Atlantic started again instantly.

I’d love to know how much items in the primark secondary market go for on the street.

The 10p bath bomb. How many of those would you have to sell to get a hit!

There’s no doubt in my mind that online retail has pulled back but this was always on the cards given the covid push last year.

The more important part of the data is the underlying trend which is still growing. I personally think that comparisons to 2019 are more important than 2021 as we are not comparing apples with apples.

The High Street suffered further woes over Christmas, with fears over Covid persuading shoppers to go online instead.

Christmas Eve footfall plunged by 21 per cent compared to 2019, although it was still 30 per cent better than a year ago.

The UK’s retail parks fared better than its High Streets, helping push overall footfall across the country up by nearly 14 per cent compared with a week ago, Springboard found.

The trend continued after Christmas too, with footfall in a wet and cold central London 56 per cent down on December 28, a Saturday, in 2019.

Around 14.5 per cent of High Street store locations remained empty by the end of the year, while shopping centres were worse at 19.4 per cent.

The collapse of major brands such as Debenhams and Topshop owner Arcadia at the end of 2020 helped increase the number of empty sites.

Last month, iconic department store Selfridges has been sold in a £4billion deal to retailer Signa Holding and Thai property company Central Group.

Value retailer closing stores …. Stores will be selected based on failed lease negotiations. What happened to location location location.

Seems to me bricks and mortar can only survive on the generosity of landlords. So bricks and mortar retail’s destiny does not appear to be in its own hands.

The competition question is tricky. As more bricks and mortar retailers fail the more dominant Primark become. However at what point does the bricks and mortar offering become so slim that folk are dissuaded to go into town for anything other than a haircut and a coffee or lunch. With online becoming the default place for clothing. Let’s face it for many it already is anyway.

Kallu seems to forget that the reason the multi channel business moved online is because they were losing market share and the bricks and mortar model is too expensive to make work for most.

Will these landlords want to give in to lower rents when they could split these large spaces up and diversify their risk?

At some point Primark will have to look at an online option again and I don’t see how they could make it financially viable.

I’ve listened to what she said again and it’s not actually that bad and will resonate amongst our striving hard working young demographic.

I get that Tracey the primark customer with six kids and a heroine addiction probably thinks she’s bang out of order :)