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Boohoo Christmas trading update Jan 10, 2017
Boohoo [AIM: BOO] announced its four months trading to December 31st, 2016 earlier today. The share closed the day [Jan 10, 2017] at 144.75p, less than 1% up from its 143.50p close the day earlier suggesting a mixed bag of news. While revenues in the four months were up by 55% the share may have been dragged down by concerns over its gross margin which fell to 53.1% During the Christmas period, the company announced its two-thirds acquisition of Prettylittlething.com (a company founded by the son of one of the joint-CEO's of Boohoo.com) and a $20m bid for the customer...
Boohoo plc aims from the hip with $20m bid for NastyGal crown jewels
Boohoo plc incorporated "Nasty Gal Ltd" in the UK on November 21st, 2016. This was renamed "Boohoo F I Ltd" on December 22nd, prior to the company announcing its $20m bid for the Nasty Gal brand name and its customer database on December 28th, 2016. Could the company have placed a bid for Nasty Gal Inc property using Nasty Gal Ltd as a bidder? Well, they could, but it might not have looked proper in the eyes of many industry observers. Our View: So why did Boohoo plc incorporate the company "Nasty Gal Ltd" in the first place, before announcing...
Fashion Discount Outlets; The Open Secret
Acne Studios Fashion Discount Outlets Nudie Jeans Peak Performance retail Stores
Acne Jeans/ Acne Studios outlet store fascia. Twenty minutes drive South from Gothenburg lies a small inconspicuous town called Kungsbacka, a typical mid-sized Swedish town with a population of about 20,000. It has a few grocery stores and a number of generic stores selling whatever. Google Map instructions how to get to Hede Fashion Outlet by car. Someone once decided to set-up a 'Bicester Village type outlet' in this part of Sweden "Hede Fashion Outlet" in Kungsbacka. We don't know why or how they did it. Nothing particular about this, but what is extraordinary is that they also managed to...
Supreme Store, 3/4 Peter Street, London
Passed by the Central London Supreme store on Peter Street and noticed a queue. Often only thought it was the cheese store people queued outside for Christmas... Has proven very popular... Supreme Stores
Amazon vs Tesco: A comparison of two different ecommerce approaches
I thought to myself that I wanted to order from a UK company this Christmas. But, oh what a disappointment. There is obviously a reason Amazon is a $100bn+ business and UK brands such as Tesco are struggling. Compare these web front pages and let us know your thoughts. It is of course highly likely that Amazon has more of my data since I have bought from them in the past and tend to use the same computer. Look at the empty real estate on Tesco's page. Note that I have scaled the sites to the edge of the browser...