Online fashion retailer Boohoo (BOO) has performed terribly for anyone who has been invested over the past year or so and has seen its share price drop by around 75% during that time.
My friend Mahmud Kamani really has been a naughty, boy. The sexist old beast tried to run the advert below for Boohoo (BOO) but the Advertising Standards Authority has banned it for being sexist and objectifying women. Truly shocking. I am sure that all the free publicity Mahmud is getting will really piss him off. Not.
A week (and a bit) before Christmas and all is not well. Certainly it is nothing to do with immediate prospects for the FTSE 100 judging by today’s move, nor with the Bank of England which should have already previously raised interest rates in my opinion or even that Britain hit a record 78,000 Covid cases yesterday. Rather it is to do with the online fashion retailer boohoo (BOO), which fortunately I don’t own (but from which I am certain that at least one of my daughters has purchased something this year).
It is no surprise that I have never personally purchased anything from boohoo (BOO) but I have certainly followed the stock in close detail. Today’s numbers for the six months to the end of August have their good points and their less good points...but more on why the shares are down over 10% today and over 30% year-to-date later.