Boohoo Share Discussion Threads

[molatovkid] 09/7/2020 23:09

my local DPD driver told me last week that in his local depot the number of drivers has increased from 60 to 90. That tells me online shopping has gone through the roof in the lockdown period, and by extension, that Boohoo will be one of the primary beneficiaries of the increased spend.

[rogthepodge] 09/7/2020 22:59

no doubt Matt Earl will soon be making an announcement on his philanthropic contributions. Other hedge funds regularly make charitable donations. Is he a genuine hedge fund? Genuine question. I don't know the answer.

[sogoesit] 09/7/2020 22:05

I’m pretty sure the folks making surplus profits on shorting stocks on “inaccuracies” reported in the media will be donating to anti-modern-slavery charities and good causes in Leicester.
I’m just not sure on the amount these folks will be contributing.

(Strange about the lack of virtue-signalling going on on this thread about this altruistic issue and much needed support).

[xxxxxy] 09/7/2020 21:45

Article 4 protects your right not to be held in slavery or servitude, or made to do forced labourSlavery is when someone actually owns you like a piece of property.Servitude is similar to slavery - you might live on the person's premises, work for them and be unable to leave, but they don't own you.Forced labour means you are forced to do work that you have not agreed to, under the threat of punishment.Are there any restrictions to this right?Your right to be protected against slavery and servitude is absolute, which means it can never be restricted.The right relating to forced labour is also absolute. However, it does not apply to work that:you have to do as part of a prison or community sentencethe government requires you to do in a state of emergency, such as after a natural or man-made disaster, andis part of normal civic obligations, like jury service.What the law saysArticle 4: Prohibition of slavery and forced labour1. No one shall be held in slavery or servitude.2. No one shall be required to perform forced or compulsory labour.3. For the purpose of this Article the term 'forced or compulsory labour' shall not include:any work required to be done in the ordinary course of detention imposed according to the provisions of Article 5 of this Convention or during conditional release from such detentionany service of a military character or, in case of conscientiousobjectors in countries where they are recognised, service exacted instead of compulsory military serviceany service exacted in case of an emergency or calamity threatening the life or well-being of the community, orany work or service which forms part of normal civic obligations.hTtps://www.equalityhumanrights.com/en/human-rights-act/article-4-freedom-slavery-and-forced-labour

[investor114] 09/7/2020 21:30

Think i got my wires crossed regarding the bonus.

[investor114] 09/7/2020 21:27

We still got our £650m Short going.(10p target)
Am relaxed.
Let the longs enjoy today.

[investor114] 09/7/2020 21:26

£150m they should give.

[transhoneyqueens] 09/7/2020 21:25

unfortunately the cheap clothes are down to slave labour - the net is closing in for boo...lets see in a month or 2 ... expect 50p

[investor114] 09/7/2020 21:23

£10m is not enough.
They should give up their bonus and give that to the workers who have been exploited.

[edmondj] 09/7/2020 20:32

Boohoo is an agile, media focused and
consumer friendly brand, but can its
growth simply be put down to business
acumen and good marketing?

[xxxxxy] 09/7/2020 19:56

Modern slavery is closer than you thinkModern slavery is present in every single area of the UK. You probably see people trapped in slavery on a regular basis. It might be someone working in a private home on your street, the man working in the car wash in town, or the cleaner who empties your office bin every night. It can be difficult to spot the signs, but if you are concerned about someone, contact the modern slavery helpline.The number of people identified as victims of modern slavery has been rising year on year, with over 10,000 people referred to authorities in 2019. The real number of people trapped in slavery is estimated to be much higher.htTps://www.antislavery.org/slavery-today/slavery-uk/

[edmondj] 09/7/2020 19:39

Boohoo: Is the party over for fast fashion's first family?

Yachts, mega-mansions and a billionaire lifestyle. But after this week’s allegations about Boohoo, Samuel Fishwick and Katie Strick ask people, is it all over for the super-rich fashion dynasty?

....../

There is a sense (and perhaps hope) in fashion circles that a perfect storm has finally broken above the fast-fashion industry. Allegations of malevolent working practices have swirled for years, and a parliamentary committee decried Boohoo’s deficiencies on sustainability and labour rights in January. But Leicester’s lockdown has rammed the spotlight on these shortcomings.

In 1989 Zara boasted that it took just 15 days to get a new idea designed and out on the shop floor. John Lyttle, CEO of the Boohoo Group, said in June their team can now do it in 48 hours. Newer, ultra-fast-fashion retailers are also less scrutinised by their younger customers. Low prices are even hailed as democratisation — bringing the clothing of the stars to the people who worship them. Boohoo introduces new trends every week, and is just as likely to be influenced by clothes from reality TV as those from the runways of New York or Paris, with next-day delivery. Often, they will be discarded after a single wear. The environmental — and human — cost is massive.

“The incredible pressure to get prices as low as possible means factories are constantly being forced to undercut each other,” says Lauren Bravo, author of How To Break Up With Fast Fashion. “You can’t change the price of cotton but you can pay your workers less, so of course it’s the garment workers that end up suffering.” Clothes don’t last as long, which only adds to the 300,000 tonnes of clothing going to landfill in the UK alone every year. The practice of “chasing the cheapest needle” — assembling a garment in several separate countries to reduce finishing costs — contributes to an industry carbon footprint of 1.2 billion tonnes, more than that of international flights and international shipping combined.

As for the Kamanis, who knows if they will be able to maintain their business model under the increased scrutiny that is bound to follow? No one expects the red carpet to roll up anytime soon. But there’s a sense that, for fast fashion, the party is winding down.

[invester2010] 09/7/2020 19:30

Longs - who bought yesterday...you all happy! :)

up 28% here...:) will hold now. bye. (maybe sell and get EUA next....bid in the works ...25-75p)

[investor114] 09/7/2020 19:24

Good day for the Longs today.Enjoy it.
We (SHORTERS) will be back in charge soon.

[totalgeek69] 09/7/2020 16:34

I've reread his post. In fairness... Tom = Tomorrow not Tom = a poster called Tom.

[multibagger123] 09/7/2020 16:30

The price swings has made you forget what day it is?

[totalgeek69] 09/7/2020 16:25

It's Thursday.

[rajstar] 09/7/2020 16:22

10mins more, enjoy. Showdown Tom before the weekend. Anyone holding it for the weekend - please kind the gap!

[computercoders] 09/7/2020 16:17

Good day today longs. Where's the shorts gone lol?

[algorithmicx] 09/7/2020 16:11

300p Uncrossing Trade is my prediction

[knowing] 09/7/2020 15:43

Holding up well