SHEIN'S LOW PRICES & GROWING POPULARITY ARE KILLING ASOS & BOOHOO
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Loss making clothing retailer Boohoo PLC has officially been overtaken by SHEIN, after the Chinese fashion giant revealed a near 40% increase in sales and surging profits.
According to new accounts filed at Companies House, SHEIN's pre-tax profits for just its British trading subsidiary, SHEIN (UK) surged from £9.8 Million to £18.7 Million for the financial year ending December 2023.
Sales at SHEIN (UK) rose 38% to £1.55 Billion, which is 30% higher than Boohoo's UK sales of just £1.09 Billion for last year and now they are planning to overtake ASOS too.
TAKE A LOOK FOR YOURSELF :- |
Ms Ping Pong's ball is still stuck.. |
Asos, Dune London, Superdry benefit from ?strong? Black FridayBY SABINA WESTON 2 DECEMBER 2024This year's Black Friday saw stronger demand and more full-price sales, leading UK and Irish retailers told Drapers. |
THIS DOES NOT BODE WELL FOR ASOS
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In a further sign of the nationwide slowdown in discretionary consumer spending, shares in Frasers Group, owner of I SAW IT FIRST and SPORTS DIRECT tumbled after lowering forward guidance for its Full-Year profits forecast.
The company now expects to only declare pre-tax profits for the fiscal year 2024/25 of between £550 Million and £600 Million, down from previous guidance of £575 Million to £625 Million.
Frasers also warned that after the recent Budget, consumer confidence remains low with shoppers very reluctant to spend. |
Asos, Dune London, Superdry benefit from ?strong? Black FridayBY SABINA WESTON 2 DECEMBER 2024This year's Black Friday saw stronger demand and more full-price sales, leading UK and Irish retailers told Drapers. |
https://www.drapersonline.com/news/asos-dune-london-superdry-benefit-from-strong-black-friday |
Wrong board This is Asos |
THIS DOES NOT BODE WELL FOR ASOS
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In a further sign of the nationwide slowdown in discretionary consumer spending, shares in Frasers Group, owner of I SAW IT FIRST and SPORTS DIRECT tumbled after lowering forward guidance for its Full-Year profits forecast.
The company now expects to only declare pre-tax profits for the fiscal year 2024/25 of between £550 Million and £600 Million, down from previous guidance of £575 Million to £625 Million.
Frasers also warned that after the recent Budget, consumer confidence remains low with shoppers very reluctant to spend. |
happy birthday idiotboy
is it 5 candles or 6? |
maybe see 350p's again this month
time to sell / short it |
happy to be shorting this from 386p now
will rebuy at 370p |
shut up loser
when will you finally get a call right on a share |
Miss Ping Pong has got a stuck ball |
EU set to crack down on Asian online retailers Temu and Shein |
https://www.drapersonline.com/news/asos-dune-london-superdry-benefit-from-strong-black-friday |
Asos, Dune London, Superdry benefit from ?strong? Black FridayBY SABINA WESTON 2 DECEMBER 2024This year's Black Friday saw stronger demand and more full-price sales, leading UK and Irish retailers told Drapers. |
Ms Ping Pong with a stuck ball is ready for the share price to hammer up. |
SUPERDRY are going be a big winner
time to buy in |
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