Debenhams Share Discussion Threads

[debsdowner] 23/1/2019 15:23

If John Lewis is struggling to keep open one of its smaller stores open when it they hold the freehold it shows how bad retail is.

Most stores complaining about excessive space so the closure doesn't make sense.

No doubt they will be getting a good price for the freehold and they may indeed need the money if retail continues to deteriorate.

[qantas] 23/1/2019 14:11

Carl Rogberg, who suffered a heart attack during the first trial, supported by his wife and lawyer making a statement on his acquittal. He says serious questions have to be asked about Tesco and the SFO.

Please do your own research as always.

[qantas] 23/1/2019 14:09

debsdowner I did warn you over John Lewis and you did run after Elton John.

John Lewis is shutting Knight & Lee & Partners in Southsea - the smallest shop in its estate this July. All 127 workers at risk of redundancy

Please do your own research as always.

[kammi1] 23/1/2019 13:37

You can see into the future. Such a fantastic guy. I am so impressed, how do you do it !!!

[debsdowner] 23/1/2019 13:09

John Lewis is to close its first store since 2006.

The retailer said the 35,000 sq ft Knight & Lee outlet in Southsea in Hampshire was its smallest full-range department store and could not easily be modernised.
John Lewis has previously acknowledged the "challenges" facing the High Street in the current retail climate.

However, it insisted it was not planning any other closures at the moment.
The store, which will close in July, is one of only two John Lewis shops in the UK to retain its original name.
The retailer said the size and condition of the building "restricts the customer offer".

John Lewis staff bonus in doubt
Christmas on the High Street: Retail winners and losers
Earlier this year, Sir Charlie Mayfield, chairman of the John Lewis Partnership, outlined the challenges facing shopkeepers: "Two main factors are affecting the retail sector - oversupply of physical space and relatively weak consumer demand."
He said full-year profits would be "substantially" lower this year and that staff, known as partners, might not be receiving an annual bonus this year, for the first time since 1953.

Other retailers have been harder hit by the downturn on the nation's High Streets.
Online giants such as Amazon have had a huge impact, as more consumers see online shopping as cheaper and easier than going to the shops.

The trade body for shops, the British Retail Consortium, said 2018 saw the worst Christmas for retailers in 10 years.
Well-loved asset
The Knight & Lee store opened in Southsea in 1865 and was acquired by the John Lewis Partnership in 1933.
It was closed on Wednesday for a staff meeting, when employees were told of the plans.
A statement from the company said it would require "significant investment" to modernise.

John Lewis has acknowledged that it faces challenges
Dino Rocos, partner and operations director, said: "We have not taken this decision lightly and we considered every implication for our partners, customers and the community.
"However, a unique combination of factors, including the significant investment required and the opportunity to sell the property freehold, makes this the right decision for the financial sustainability of our business."
Portsmouth South MP Stephen Morgan said the closure would "rip the heart out" of Southsea.

In a letter to the company, Mr Morgan said the shop was a "well-loved asset" in the area.
"John Lewis is much cherished and causes a significant footfall which has a beneficial impact on the surrounding businesses and our local economy," he said.
The retailer said every effort would be made to find the 127 staff roles in nearby John Lewis and Waitrose stores.

[debsdowner] 23/1/2019 13:07

Breaking news

John Lewis to close department store, I warned they were struggling I was spot on again.

[only who?] 23/1/2019 12:52

Spot on spob, but we're long on Blind Optimists here. BO is currently trading at 0.001p, having been £3.85 a few months ago. Our target is £675 by Easter.

[niggle] 23/1/2019 12:49

spob, I got exited a long time ago lol!

[bouka1] 23/1/2019 12:21

If you sure about adminstration...put your family members on bet

[bouka1] 23/1/2019 12:15

Ask your self..piglet..ms cave..ms poo...odey farting fat with mughead low life thugs are f..ed..sp holding blue where are you

[spob] 23/1/2019 12:02

we all know the most likely eventual outcome here (for shareholders specifically)

it's just a question of 'when'

no point denying or hoping or praying or getting excited because the share price moved up a bit

[bouka1] 23/1/2019 11:57

Mugheads mugheads ...ms.poo where are you..your dad odey ashley f...ed

[debsdowner] 23/1/2019 11:48

The Debs spokesperson probably the toilet cleaner bought a few shares when Bucher did and desperate to ramp as they need the money post Christmas lol.

[hillofwad] 23/1/2019 11:31

vulcan2

"Landlords will be desperate to keep DEBs and will renegotiate on good terms for DEBS."

Only if they are forced or where lease ends are in sight. Why would an individual landlord willingly reduce the rent or shorten the leases remove fixedincreases whilst DEBS are still profitable as a group and distress their investment in a poor market?

DEBS cant walkaway still responsible for rent,.service charges unlike MA with HOF who can .

Many landlords can't change terms this would reduce the capital value breaching their loan covenants with financiers
Its a powder keg the value of the investment intrinsically linked to the income flow of fixed increase rents
Remove that and it is a Jenga crash

[mreasygoing] 23/1/2019 11:16

Huge volume in the past week or so. Something is certainly going on. Watching, not buying. Still a massive gamble.

[qantas] 23/1/2019 11:12

Looking good hammering up.

buys 6,909,420 sells 16,878,379

Please do your own research.

[anony mous] 23/1/2019 10:29

Debenhams share price movement.A spokesperson for the company said, markets better get used to the rise everyday as a sharp recovery takes place.Meanwhile Debenhams restaurants offer free burnt toast to shorters of its shares.Lol!

[vulcan2] 23/1/2019 10:16

Landlords will be desperate to keep DEBs and will renegotiate on good terms for DEBS. With other big retailers vacating large stores and no demand for large store the Landlords face having no tenants with building lying empty OR reduced rent - which one would you choose if you were the landlord ?

Also Remember DEBS is still a profit making international company with online presence which has double digit growth. Their store closure plan of MAY BE up to 50 stores is a 3 to 5 year plan.

[debsdowner] 23/1/2019 10:12

Buyers on the bid dipper at the moment!