Comment on: US tariffs 'catastrophic' to UK-made fashion
Here’s the real version of Britain’s post-Brexit trading relationship with the US.
Comment on: Number of Asian shoppers in UK to rise
With no mention of Korean shoppers, I question the accuracy of this data.
I haven’t looked at the accounts yet, but the premise of the article looks misleading to me. Surely investments that are likely to pave the way for Asos’s future membership of an elite global club are long-term investments more likely to have been capitalised — thus being balance sheet items rather than P&L items. It seems more probable that the £4m profit — which could almost be a rounding error on those revenues — is owing to the many new retailing challenges of the e-commerce age: the harrowing costs of reverse logistics; the gnawing cost of customer acquisition in an increasingly competitive digital marketing space; the asymmetry between customers’ proclivities to publicly cite sustainability but privately buy cheap; the difficulties maximising LTV with a loyalty procured by too-good-to-be-true retail terms rather than by brand value — all the contemporary issues that seem to be mysteriously crowded-out by antediluvian retailers that are given to exhausting the available oxygen with complaints about property costs.
Retail Acquisitions bought BHS for £1 in 2015; Philip Green sold it.
Comment on: Jack Wills calls in advisers
The retailer...opened four new premises in November in Basingstoke, Braintree, Camberley and Spalding.
I’m somewhat surprised that the team discerned this investment to be part of the solution, rather than part of the problem.