News English — Financial Performance

The view of all vendors is that automation will become more important as a result of Covid-19. While this is not unexpected, should vendors be more cautious? Economic activity has ground to a halt in much of the world. Grocers, medical device suppliers and pharmaceutical manufacturers appears to be the only winners in our Covid-19 pandemic world. More specifically, eGrocery has been one of the main beneficiaries of Covid. However, these companies have been so successful that they have had to limit access to their sites. Source: FT.com, March 28, 2020 The outsized demand for online grocer's services has led...

Farfetch vs Boohoo Two pureplay online retailers (ok, Farfetch owns a few subsidiaries with physical stores and are moving towards a multi-channel set-up) compared. We have written about the Farfetch business model previously. Download our report here. Our view is that Farfetch has too many employees and should rationalise departments and its development base. At close to a third of revenue, Farfetch's salaries are going to weigh on the company for many years to come. The only hope is that they can grow into a $bn business before they run out of cash (they have a decent amount in the...

After a relatively long period of media speculation, Farfetch has finally filed an intention to list on NYSE (source). At the time of writing this blog there were no specifics on its pricing and the company is no doubt working the funding circuit hard to explore the level of interest and promote the pricing. While pricing is not known, there are a few other details that we know of. JD.com stepped in as an investor earlier in 2018 and have an option on about a third of the business. What is Farfetch? Farfetch is an aggregator platform for luxury fashion...

As many other traditional publishers, Retail Week have suffered from a slump in paper copy sales and have moved online. However, with the variety of sources available online the company has had to look at other ways to monetise its network, connections and expertise. Retail Week Prospect is one such initiative. Retail Week Prospect is an extensive database of 180 of the largest UK retailers including deep analysis of strategic direction, IT investment focus in the near future, key contacts and much more. If you are business developing/prospecting for your IT supply outfit and building your UK retailer network you...

Boozt.com, the PE- & industry-backed Swedish fashion etailer, listed on Nasdaq Nordic on 31 May 2017 at the higher end of its offer price of SEK 62 per share (offer range SEK 54-63). The listing valued the company at about SEK 3.4bn (~£300m). The share traded at SEK 79 on June 7, 2017 representing a close to 30% lift in its offer price. However, only 2% up from its starting day price of SEK 77.50.   Boozt attempted to sell mono-brand stores and was successful with signing up both Ecco and Day Birger Mikkelsen (Ecco was also an investor). However,...