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https://www.nytimes.com/2020/07/08/fashion/boohoo-labor-influencer-crisis.html

https://www.loqate.com/resources/blog/how-amazon-asos-boohoo-gymshark-and-paul-valentine-have-become-the-leaders-in-borderless-commerce/

Online fashion retailer boohoo (LON: BOO) has not always been an investor favourite, but in little more than five years it has leapfrogged rival ASOS (LON: ASC) in market capitalisation terms.

boohoo is valued at £2.74bn, which compares with £2.03bn for ASOS, which is not much more than one-third of its market capitalisation when boohoo joined AIM. At that time, ASOS was the largest company on AIM and it has fallen to sixth largest, while boohoo is vying for the number one spot.
https://ukinvestormagazine.co.uk/how-boohoo-has-overtaken-asos/

ASOS hit with supplier issues
https://uk.finance.yahoo.com/news/asos-axes-almost-quarter-uk-194107691.html

https://uk.finance.yahoo.com/news/asos-axes-almost-quarter-uk-194107691.html

So now we see the drops are far less steeper, so fingers crossed it levels off and starts going up. 3% drop isnt so bad, as long as it doesnt keep dropping, could this be the turnaround

In the short documentary, it states Amazon is raking it in due to pandemic. Which is in parallel with Boohoo

Brief story about Jeff Bezos and Amazon can be found here:
https://www.bbc.co.uk/iplayer/episode/p08k5qw7/the-news-explained-five-things-you-should-know-about-jeff-bezos

All the owners have to do is buy a few 10million or so shares, after that, everyone will regain confidence. Come on Boohoo owners, buy some shares. As soon as owners do that, investers suspect positive things are going to happen.

Not to mislead but amazon price of 3104 is in dolars and Boohoo is in pence. It would be nice if Boohoo price was ine day 3104 pound or 310400 pence

There is a short documentary on Jeff Bezos on BBCi Player. The narator states that although Amazon was doing fantastically, profits and sales etc, Bezos couldnt understand why the price wasnt going through the roof. He kept growing and developing the business, while share price was dropping and then it eventually shot up and now its 3104.
Similarly Boohoo is growing its the biggest in the game. It has a state of the art warehouse with autonomous operations. Its selling clothes all day and night, as its international. From UK to Australia. When in UK its night, in Australian its day. Plus the warehouse in Leicester and ownership of multiple brands that have seen growth. Boohoo has no debt (I heard in a YouTube video). Even when it has been doing fantastically, the share price has not always reflected performance. In my opinion when it turns round, there price will sky rocket. Since the lockdown Boohoo has been growing and buying out companies. Sales are at record levels, people have less money in this pandemic crisis, so are likely to opt for cheaper clothing thats still fashionable. Brick and mortar competitors have fallen, so theres less competition. The media has publicised Boohoo news - though they have tarnished the reputation a bit. This has given Boohoo greater recognition. Thus, more people know aboit Boohoo now than ever before. As for Slavery, Boohoo has ceased trade with 2 suppliers and no others have yet been fingered out of 15000 traders in Leicester

https://www.theguardian.com/business/2020/jul/13/boohoo-shares-drop-18-as-new-leicester-factory-reports-threaten-sales

It might be down, but its not out. Its just taking a few hits. Business v Boxing - Like boxing, every boxer gets hit, they have their good days and bad. Some do go down and some are victorious.

This is my opinion, let me know what you guys think.
So what I think is going on based on my research. Media has created a frenzy, which some big investors have taken advantage of to suppress the price further. This is clear with one investor (Aberdeen Standard Investments sold off 27m shares this week, representing two-thirds of its shareholding). If they really thought it was going to fail so badly, then why did they only sell 2/3 and not all the shares. They truth is they didn't know how far the fall would go, so wanted to keep some of their money in , in case it spiked. On the other hand the 2/3 shares are profit and so, its a win win. If they buy back at the lower price they're back in the game.
Also, after the media frenzy is over - my guess is all the hawks eyeing up a hell-of-a -buy will be straight in on the pray and we should end up with a rally. By now everyone knows about Boohoo (world wide) as a stock with potential at the top of its game (online fast fashion) and they can see that recovery will follow.
This is why I am holding for the long term. If I knew Boohoo was involved in slavery, I would be out. As of yet as far as I know its only a few suppliers

Lets not make it a race thing. When it comes to business, I understand there is employment discrimination. I think everyone knows there's lots of dodgy traders and business people out there.
The fact that its sub-contractors is good and bad, supply may be affected - but so far only 2 suppliers have been fingered, not all of them. There is still scope for long term gain. This pandemic is a god-send for boohoo, and the news is free advertising/publicity. After this blows over, there will be more people buying Boohoo, its expanding and there's no stopping that. Perhaps they might switch suppliers and may be opt for suppliers abroad if necessary. 60% of their supplies are already from abroad.
DON'T BELIEVE THE HYPE
Leicester City Council believes there to be about 1,500 textile factories across the city. The news will have you think all the suppliers are guilty, but on sky news they spoke to one and the managers who said various authorities had done checks and he was paying minimum wage. As far as I know last week Gangmasters and Labour Abuse Authority (GLAA), Leicestershire Police, Leicester City Council, National Crime Agency, Health and Safety Executive, Leicestershire Fire and Rescue and Immigration Enforcement, were all involved in investigations and didn't find anything wrong with . So clearly not all them. Heres a few interesting links
https://www.ft.com/content/6839e4f6-2afc-4061-a57a-5081dbb7d323
Yes there are poor working conditions, and cases of underpaying:
https://www.personneltoday.com/hr/poor-working-conditions-afflict-10000-people-in-leicester/
Working with companies to address the issue not against:
https://www.policeprofessional.com/news/nca-investigates-modern-slavery-allegations-in-leicester/

The note admitted that judging the effect on shoppers was difficult. The #boycottboohoo campaign is trending on social media platforms Twitter and Instagram, for example, but has not gone viral. Meanwhile, the pace of downloads of Boohoo’s apps, particularly for the Nasty Gal brand, whose clothes have been linked to allegations of malpractice, has slowed.
https://www.theguardian.com/business/2020/jul/13/boohoo-shares-drop-18-as-new-leicester-factory-reports-threaten-sales

Yes growth will slow but its not over for Boohoo. And yes its only suppliers, not Boohoo itself.
In the light of widespread press coverage of problems in Leicester, Holmes concluded that the pace of UK sales growth for Boohoo could fall to 15% from 30% in the three months to the end of May, although he said overseas sales were unlikely to be affected.
https://www.theguardian.com/business/2020/jul/13/boohoo-shares-drop-18-as-new-leicester-factory-reports-threaten-sales

Depends on the news. Preemptively - that's not going to be good for those sub-contractors if they're breaking the law (not paying minimum wage), they may have to start paying minimum wage. If they are made to close, the work will just go abroad, loss of jobs and taxes - which is like shooting yourself in the foot for a country. I've never heard of companies closing because they weren't paying minimum wage. I have heard pay to be back-paid and fines issued. However, at the moment investigations are still underway. facts and evidence will need to be established that will define the scale of the problem. As far as I know, from reading in the press and in the news, only 2 suppliers have been identified and Boohoo has ceased using them. Apparently there are many more, but we can't possibly know the numbers until the investigations have been completed. Mmmm... so how does the media know its widespread if the findings from the investigations are not complete yet????? Is the media on a fake news tirade.
Please- someone, call the "Fashion Police"! :P LOL

After watching the tumble, I can see that its stabilized, so bought back in. I'm looking forward to the long hall, just like Nike and other brands, all those supply chain troubles, this share will have its day. Hopefully it will grow to be as big as ASOS. In reference to the price, that is.

When it comes to fasion - just look at Nike - there has been plenty of controversy in the past regarding slave labour and sweat shops, but just look at Nike now. This is probably definitely going to take a short term hit due to bad news, so I'm sad to say I've chickened out and sold at a lose. But I will be buying back in again when the bad news calms down. But its going to wash over quickly. Remember Boohoo aren't the suppliers of their clothing, they sub-contract so aren't the ones paying slave labour wages.

Its because media wants attention grabbing stories, so they've blowing it up a bit. Trying to make out that all the textile industry is full of slave labour which is not the case. The truth is until they investigate all the suppliers then we dont know how many are breaking the law and under-paying people. Bad media coverage does negatively affect share price but we need to consider the facts. If you read the link below, authorities want to work with companies to ensure staff are paid in line with the law. In my opinion, this is because they don't want to make the workers unemployed but rather ensure they are getting paid fairly and not being maltreated.
https://www.policeprofessional.com/news/nca-investigates-modern-slavery-allegations-in-leicester/