Jump to content

Superdry-ied up retail results - recession, recession, recession!


Mercury

Recommended Posts

Another week another set of retail results with overpaid CEOs claiming unseasonable weather is to blame rather than themselves or the global slow down.  This time it is the turn of SuperDry and apparently warm weather hit sales of under layer hoodies and jackets...  People are talking about global warming as the end of all things but I didn't think it would be used as a scapegoat for CEO under-performance.  OK he didn't actual cite global warming but he might as well have...  And now the founder is throwing stones at the management, having recently left the Board, hmm...

https://www.bbc.co.uk/news/business-46535682

Oh and it looks like consumers have stopped buying mobile phones as well...

https://www.bbc.co.uk/news/business-46535702

If retail is a bell-weather for the economy then look out!  I haven't heard a good news story on retail for several years.  And has anyone else been getting massive pre Christmas promo action from Amazon..?  And did anyone notice that Cyber Monday morphed into Cyber week this year..?  I'm betting Christmas sales discounts are going to be massive this year and we all know what happens to retailers profits when they do that!  But it's ok because economists consensus is that a recession wont happen until 2020 so we can all rest easy then...

Link to comment

Perfect break and retest of the channel line there @elle followed by a massive break-away gap in early Oct and SuperDry returns to where it all started...  Mind you it isn't a bad brand or a bad company so in due course it could be an interesting buy, but only after the dust has settled...

  • Thanks 1
Link to comment

Not clear on what I'm looking at there @Caseynotes.  Is it %growth rates?  Month on month?  Month vs prior year?  As an analyst it is important to look at the data in several ways to assess what it might be telling you.  But look at the graph below, trend really doesn't say much but then it is an index too.  One thing to note, there have been several recessions along this trend line but you would be hard but to identify it from this.  Governments don't generally like to issue bad data...  Lies, **** lies and statistics sort of thing.

UKretailsaleshistory.png.fac8ecd545f1cefc18ea43401721f23e.png

Link to comment
  • 2 months later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      16,606
    • Total Posts
      79,288
    • Total Members
      65,086
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    AA1010
    Joined 30/11/21 11:37
  • Posts

    • Great, so the abundance of energy will be used to solve maths problems (mining) to perpetuate a colossal pyramid scheme. I despair, surely all these natural resources and energy could be put to a better use?
    • Hi @skyreach Thanks for sharing.   A Ponzi scheme is a type of fraud whereby crooks steal money from investors and mask the theft by funneling returns to clients from funds contributed by newer investors. Full article : CNBC   The U.S. Justice Department will sell off $56 million worth of cryptocurrency it seized as part of a massive Ponzi scheme case against a man who promoted the offshore crypto lending program BitConnect, authorities said Tuesday. The Justice Department said the liquidation of the cryptocurrency follows “the largest single recovery of a cryptocurrency fraud by the United States to date.” Proceeds will be used to reimburse victims of the BitConnect fraud. Full article: CNBC     All the best - MongiIG  
    • Hi @andysinclair This is the latest on crypto mining: Cryptocurrency miners are using compromised Google Cloud accounts for computationally-intensive mining purposes, Google has warned. Full article: CNBC     Wyoming is a potential hotspot for bitcoin mining, with the state’s abundance of natural resources and energy. Full article: Nasdaq.com   All the best - MongiIG
×
×
  • Create New...