Member Info for Zebudee

Ive posted interesting links on this... filter by name and see my posts

THE RETAIL APOCALYPSE:
https://en.m.wikipedia.org/wiki/Retail_apocalypse

My theory is that as competitor stores close, Boohoo has less competition and therefore more market share.
Some interesting links:
TM LEWIN CLOSING ALL SHOPS
https://www.google.com/amp/s/www.bbc.co.uk/news/amp/business-53242719
DEBENHAMS CLOSING 20 STORES
https://www.google.com/amp/s/inews.co.uk/inews-lifestyle/shopping/debehams-stores-closing-list-store-closures-branches-uk-coronavirus-lockdown-end-425757/amp
JOHN LEWIS
https://www.retailgazette.co.uk/blog/2020/07/job-cuts-john-lewis-shuts-down-8-stores-reopens-9-lockdown/
ZARA WORLD WIDE STORE CLOSURES
https://www.google.com/amp/s/amp.theguardian.com/business/2020/jun/10/zara-owner-to-close-up-to-1200-fashion-stores-around-the-world
ZARA, MASSIMO DUTE, PULL AND BEAR
https://www.google.com/amp/s/www.wsj.com/amp/articles/zara-to-close-1-200-stores-as-it-outlines-post-coronavirus-future-11591794618
... AND IN AMERICAN MARKET (has been affected)
https://www.google.com/amp/s/www.nytimes.com/2020/03/18/style/coronavirus-clothing-beauty-stores-closed.amp.html

https://www.standard.co.uk/business/boohoo-share-prices-increase-a4493181.html

Leicester’s deputy city mayor Cllr Adam Clarke said: “We are told that Public Health England has found no evidence to suggest that the rise in Coronavirus cases in the city is linked to the textile industry. See source below:
https://www.eastmidlandsbusinesslink.co.uk/mag/news/taskforce-to-tackle-issues-in-leicester-factories/

Leicester’s deputy city mayor Cllr Adam Clarke said: “We are told that Public Health England has found no evidence to suggest that the rise in Coronavirus cases in the city is linked to the textile industry. See source below:
https://www.eastmidlandsbusinesslink.co.uk/mag/news/taskforce-to-tackle-issues-in-leicester-factories/

There was another article somone posted on here in regard to malpractice withing sewing shops in Leicester. It did state that there were some businesses that operated that way but not all. So my guess is the sweat shops will close but other companies (possibly the ones using modern technology) will step in to take there place. Using modern manufacturing technologies to produce garments at speed is cheaper than paying labourers. Although the initial startup costs and purchase of machinery will result in higher startup costs.

This publicity has been good news for Boohoo. Since the FT article states Boohoo is in the clear, we can expect a rise tomorrow and in my opinion an overshoot, possibly 450 upward, but aftet every boost theres going to be a tailing off and possibly some selling because long term holders might think of cashing in. In the long run I predict the share price will follow a similar course to ASOS (Being hopeful) as I cant see it going any other way.

https://www.google.com/amp/s/amp.ft.com/content/6839e4f6-2afc-4061-a57a-5081dbb7d323

Worth a read. Multiple Boohoo inspections find no modern slavery offences
https://www.google.com/amp/s/amp.ft.com/content/6839e4f6-2afc-4061-a57a-5081dbb7d323

I didn't know that but I can't believe that any company will provide documents to Boohoo showing they were using slave labor. What you see on paper isn't always what you get. Company processes and procedure might say equal opportunities but we all know discrimination is rife. Google GCSE Maths and english attainment .gov.uk then google ethnicity and unemployment uk .gov.uk and you will see that white and white other (European) unemployment rates are lower than Asian, even though Asian Maths and English attainment is higher. You'd expect that unemployment rates should be inversely proportional to educational attainment among ethnic groups.

No third party supplier is going to admit to breaking the law (regarding slavery) and maltreatment of workers. Boohoo or any other brand will not know until someone within those factories (not Boohoo factories) tell or they are investigated by e.g. undercover journalists. Once they are found out those independent (non-Boohoo business) will be held accountable for breaking the law. Since Boohoo doesn't own the suppliers and Boohoo doesn't know about it, then they can't be held accountable. In this case I have read that since certain suppliers have been found to be using slave labor, they Boohoo has cut them off and are investigating independently.

Just placed an order for £600 worth for Boohoo. As I believe Boohoo is not to blame for third party supplier crimes. I speculate the shares will go up and hope I am right. Work issues regarding Covid can be resolved, but slavery is a crime. Don't think Boohoo is involved in slavery but if the third party suppliers (not part of Boohoo) are breaking the law, then the third party suppliers will pay for their crimes.

Suppliers within fashion industries are from all over the place. Many brands in the past have been known to have used third parties who have used, slave labor and bad working conditions and mistreated workers. Those suppliers were found out in under cover investigations. But the brands were not held accountable for the wrong doings of independent third party suppliers, because the brands didn't own their suppliers. This is true for Boohoo. All Boohoo can do is cut ties with the slave labor suppliers and report them if they find out. As long as Boohoo doesn't do slave labor or break the law, then Boohoo is safe.
Better to read this: This is a good link: https://www.fool.co.uk/investing/2020/07/08/3-reasons-why-the-boohoo-share-price-could-be-the-buy-of-the-decade-for-my-isa/

No third party supplier is going to admit they are into slavery, as they would be admitting to breaking the law. So no one will know about the malpractice until someone within those companies tells on them. Third party suppliers have independent accounting and are independent business processes, and are not part of Boohoo. If third parties break the law they will have to pay. Boohoo can not be held accountable for third party mistakes or law breaking. Boohoo has taken steps by requesting an independent investigation and cut ties with the suppliers.

This is a good link: https://www.fool.co.uk/investing/2020/07/08/3-reasons-why-the-boohoo-share-price-could-be-the-buy-of-the-decade-for-my-isa/

This is a good link: https://www.fool.co.uk/investing/2020/07/08/3-reasons-why-the-boohoo-share-price-could-be-the-buy-of-the-decade-for-my-isa/

In my opinion Boohoo is not the ones to blame. Its suppliers, this is an ongoing thing within the fasion industry which has not stopped big brands from prospering. If third party suppliers are using slave labor then the suppliers are to blame, as this is out the control of Boohoo. As far as I know Boohoo has proper recruitment process (through their website) and Boohoo directly pays warehouse workers fairly. As they have no control over third party agencies and companies, they can not be held responsible if their suppliers cheat or do bad things, as they would be admitting to breaking the law. That would be ridiculous. Obviously no supplier is going to say we are paying slave wages and maltreating our workers. They only reason we know is because workers have come forward from the third party suppliers and undercover reporters have investigated. If the third party suppliers have broken the law then they will pay dearly. If Boohoo has broken the law then they will pay for that. But as far as I now, Boohoo doesn't do slavery. Also, Boohoo is conducting an investigation and have cut ties with those suppliers.

I sold out in the 295 ish, lucky I did. But I'm scared to buy in again because of fear of recession and we all know what that means. IMO Without a COVID19 antivirus theres the risk of ongoing negative impact on markets and future drops, people out of pocket and we all know that will mean sales being hit hard. Government offering to help those in need with payouts but I dont expect social security to compensate for the loss of income. Spending power will go down. Mass unemployment and people holding on to the little cash they have for necessities food and rent. Confidence in the markets has not recovered, otherwise FTSE and other indexes would have shot up. Antivirus expected to take a year or longer according to health officials on news. This may sound all doom and gloom but look at overwelmed NHS and lockdown. Other countries in chaos too. As soon as travel resumes to and from countries e.g. spain, italy, china etc. It spreads again. Watching Bloomber on youtube and traders and economists saying its worse than financial crisis and expect worse recession. Recent unemployment in USA shot up to over 3 million and many businesses may go bust. If any one thinks I might be wrong in my prediction please reply why thats the case. Im keeping an open mind. Also if antivirus is made rolling it out to millions/ billions of people will take months if not years

https://www.thetimes.co.uk/article/boohoo-crying-all-the-way-to-the-bank-as-rivals-struggle-wx5sp0l3j

Nice stats mate! Im positive, its kind of common sense that things would be up. They own more of the market, Plus its christmas, so im my opinion, more market share and lots more shopping (for xmas) means lots of revenue. Hopefully should get some good (awesome) results in Jan.

Obviously a big buying season, a time to expect some record profits, so should see a rise back up soon in my opinion