focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
[Fake news refuted by Boohoo] Boohoo to move 40% of production overseas after Leicester scandal City broker claims
Boohoo today fiercely refuted Bor's claims, saying it was determined to stick with its UK supplier base and work with them to improve conditions. "We remain firmly committed to UK manufacturing and enforcing the highest standards of ethics, compliance and transparency for the benefit of all garment workers," a spokesman said.
https://www.standard.co.uk/business/boohoo-sweatshop-leicester-a4501596.html
In regard to the link with Jalal Kamani: JALAL KAMANI RESIGNED FROM BOOHOO DIRECTOR POSITION 3 YEARS AGO. CHECK IT ON COMPANY HOUSE WEBSITE :)
https://beta.companieshouse.gov.uk/company/05723154/officers
Its also about Covid, peoples habits change and its about timing. Its going to be worth a buy in the longterm, when things return to normal but at the moment, Covid is making recovery of many sectors hard, just look at the high street.
With Covid looming - cinemas may not open any time soon. And if they do, there will need to be social distancing, so they will have limited seats available. Also, a lot of big Hollywood movie productions have been affected by Covid, so movie releases may see delays. How can people expect to go to the cinema when there are no movies being released at the time?There is talk of Covid vaccine testing looking promising but at the same time they are say it could be a year before a vaccine. Online is going through the roof as people at home are buying online. Now that they have had a taster of online shopping. What are the chances they will not continue with online. This generation is tech-savvy with mobile phones and internet and don't struggle with using computers like the previous generations. Online shopping is easy for them
Save your money, and buy boohoo Cineworld is going down, where are the shorters, here's one for you:
Cineworld plans to counter-claim as Cineplex launches legal proceedings
https://www.proactiveinvestors.co.uk/companies/news/923472/cineworld-plans-to-counter-claim-as-cineplex-launches-legal-proceedings-923472.html
Get out of CINE while you can and buy BOOHOO.
1.3bn legal action against CINE
https://www.thisismoney.co.uk/money/markets/article-8493609/Cineplex-commences-legal-proceedings-against-Cineworld.html
https://www.business-live.co.uk/retail-consumer/details-emerge-new-boohoo-factory-18630785
https://www.hulldailymail.co.uk/news/uk-world-news/coronavirus-live-uk-updates-vaccine-4340339
Revenue of Boohoo.com Plc. group worldwide 2012-2019
Published by Tugba Sabanoglu, Dec 12, 2019
Boohoo is an online-only fashion company, that has enjoyed success in the UK clothing sector since becomign active in 2006. Since the 2015/16 financial year, the company’s revenue quadrupled, reaching over 8.5 million British pounds. The retailer specializes in clothing lines for young consumers aged 16-30, and sells its own-brand products.
https://www.statista.com/statistics/794862/boohoo-plc-group-revenue-worldwide/
In September 2019, boohoo.com ranked among the top three UK fashion websites, based on its Share of Voice score
https://www.statista.com/statistics/794862/boohoo-plc-group-revenue-worldwide/
Fashion: top 5 online stores in New Zealand in 2018, by net sales Published by Gerard Montasell, Apr 30, 2020 This statistic presents a ranking of the most popular online stores in New Zealand in the fashion segment in 2018, sorted by annual net e-commerce sales. For more information please visit ecommerceDB.com. In 2018, market leader glassons.com generated 26,1 million U.S. dollars via the sale of fashion articles in New Zealand. The online store farmers.co.nz was ranked second with a revenue of 20,8 million U.S. dollars. Most popular online stores in the fashion segment in New Zealand in 2018, by e-commerce net sales
https://www.statista.com/forecasts/1014509/top-online-stores-new-zealand-fashion-ecommercedb
Fast-Fashion’s future of sustainability
According to the U.S. Congress Joint Economic Committee, the fashion industry reaches up to $1.2 trillion annually. Consumerism, materialism and the desire to keep up with trends drive up the demand for fast fashion. 150 billion garments are already manufactured per annum, and this number is expected to triple by 2050. Simultaneously, eco-friendliness and ethics of the fast-fashion industry raise concerns, and people opt towards sustainable and personalized solutions. AI, robotics, ML, and innovation, in turn, raise the bar for clothing manufacturers and intensify competition. So, what is the future of fast-fashion in this polarized and ambitious environment?
Source: http://www.focusingfuture.com/eco-city/fast-fashions-path-to-sustainability/
In reference to point 7. Its a bit late for that its already happening: Marks & Spencer set to cut 950 jobs, https://www.bbc.co.uk/news/business-53471973
Coronavirus: Oxford University vaccine found to produce COVID-19 antibodies
https://www.euronews.com/2020/07/20/coronavirus-oxford-university-hails-safe-vaccine-which-produces-covid-19-antibodies