Debenhams Share Discussion Threads

[debsdowner] 23/5/2019 08:54

Philip Green the latest to plan a CVA and close stores.



The high street will get far worse before it gets better. The latest news on Philip Green is he is offering £100 million but the pension regulator indicated the offer not good enough.

[debsdowner] 23/5/2019 08:42

robot,

Treason May will not stay,
A stalking horse is waiting in the bay!

Andrew Leadsom walks away,
The cabinet now in disarray!

The BREXIT party will have its say,
After the voting May will not stay!

[qantas] 23/5/2019 08:22

Knigel Robot is number one and does lots of research.

[knigel] 23/5/2019 08:13

Are you on acid?

[robot ic1] 23/5/2019 08:03

Qantas good morning ,
Debsdowner ,short poem of the day .

Will Mrs May,
Stay after today,
And carry on her stay,
For yet another day.

motel,arslick,nigel , can have all the ladyboys in the world.carry on .

There are some here in France you might want to try as well .

[knigel] 23/5/2019 07:43

Tell you what - if I was on holiday, I wouldn't be posting on here....

[qantas] 22/5/2019 14:57

monte hedge better how could you try to intimidate our number 1 Robot.?

[simliak] 22/5/2019 14:43

Hahaha! I love ladyboys, I hope to go to Thailand ol LBOYS if Debenham pays us shareholders our dues. Got to try it in comparison to Russian women

[monte1] 22/5/2019 13:22

That is a bit harsh robot.

Have you finished with your 2 ladyboys already?

[niggle] 22/5/2019 12:45

Classic! Blame the consumer. Rather, M&S need to change their offer.

[debsdowner] 22/5/2019 12:15

Marks BBC Live:

9:00
M&S needs shoppers to 'change habits'

Marks and Spencer

Copyright: Marks and Spencer

"Marks & Spencer's shares have continued to fall, and are down more than 4% after the retailer posted a 10% drop in underlying profits.

The firm "is disappointing on several fronts and the doubts about the turnaround remain," explains Neil Wilson of Markets.com.

"It’s also announced a £600m rights issue for its joint venture with Ocado. I’d still view the deal as an expensive entry into a sector – online groceries – that doesn’t make any money.

"M&S basket sizes are tiny (c£14) so they need people to change their habits entirely and think M&S is the place for their big weekly shop, which they won’t.
"It’s better than standing still but no silver bullet. Exposure to the UK high street is a major drag that won’t get any easier."

Comment:

Marks is struggling and I foresee a share fall to nearer £2.

[qantas] 22/5/2019 09:32

Good morning Robot.

Marks & Spencer's annual profit fell almost 10% as underlying revenue declined across the retail chain's food and clothing and home divisions. Pre-tax profit before adjustments for the year to the end of March dropped 9.9% to £523.2m as revenue fell 3% to £10.38bn. M&S also announced terms of a rights issue to raise £601.3m gross. Chief Executive Steve Rowe said the company's transformation had not been consistent and that trade was volatile with results likely to be better in the second half of the current financial year

[robot ic1] 22/5/2019 08:35

riggle , watch out for the snipers , they might pick you off.

You looser

[robot ic1] 22/5/2019 08:33

Qantas , good morning , my APC stocks are showing a very nice return recently ,I am looking into, if to sell them .

Debsdowner , How is your other head ,Simone Templars these days.

Got to go as a couple of ladys are awaiting my attention in the rompa joy room here in France.They are waiting for their pre breakfast treat in bed.

[niggle] 22/5/2019 08:26

Hi all,

I’m lying on a sunbed in Bali so as I have little else to do but sunbathe and have the occasional dip...

What’s all this about legal action?

I only ever made money from Debs and was not holding anything at the collapse. Just a little daytrading.

I also never shorted although I would have made a fortune had I done so.

Did you see PETS today? Such a great company I have repeatedly bought shares in this and trumpeted them. Great company!

I’m making a lot on Binance coin right now. That and the Bitcoin surge paid for my holiday.

[knigel] 22/5/2019 07:51

At least M&S are having a rights issue while the share price is high. Obviously something Debenhams should have done in hindsight

[debsdowner] 22/5/2019 07:50

MKS :



"Marks & Spencer has reported a a fall in both sales and profits as it continues to implement a major turnaround programme.

Pre-tax profits were down by nearly 10% in the year to 31 March, at £523.2m.

Like-for-like sales, which strip out the impact of new stores, were down by 2.9% for the group as a whole.
Boss Steve Rowe said the firm was making "good progress" and judging itself as much on the "pace of change" as by the trading outcomes.

The retailer is part of the way though a store closure programme which will see it shut 100 shops by 2022.

Like-for-like sales in its food halls fell by 2.3%, although M&S said this was affected by the timing of Easter.

Clothing and home sales were 1.6% lower, while UK like-for-like sales were down by 2%.

Total sales were 3.6% lower because of the store closures.

Mr Rowe said: "We are deep into the first phase of our transformation programme and continue to make good progress restoring the basics and fixing many of the legacy issues we face.

"As I have said, at this stage we are judging ourselves as much by the pace of change as by the trading outcomes and change will accelerate in the year ahead."

However, he added that although there had been "green shoots", the retailer had "not been consistent in our delivery" in a number of areas.

"M&S is changing faster than at any time in my career - substantial changes across the business to our processes, ranges and operations - and this has constrained this year's performance, particularly in Clothing & Home.

"However, we remain on track with our transformation and are now well on the road to making M&S special again."

[debsdowner] 22/5/2019 07:47

Q,

Simon Templar QC created a APC Technology thread and its taken its time but its coming good.

In the news today is Marks & Spencer results sales and profits down and to close more stores, including Simply Food:

"Marks & Spencer chief executive Steve Rowe said the business was "constrained" by the pace of change in the year ended 30 March, as the retailer reported like-for-like sales falling in clothing and food.

"Whilst there are green shoots, we have not been consistent in our delivery in a number of areas of the business," Mr Rowe said.

"M&S is changing faster than at any time in my career - substantial changes across the business to our processes, ranges and operations and this has constrained this year's performance, particularly in Clothing & Home.

"However, we remain on track with our transformation and are now well on the road to making M&S special again."

Profit before tax and adjusting items was £523m, down from £581m the previous year."

[qantas] 21/5/2019 22:08

Debsdowner so sorry being a bit thick I don't understand your post

[debsdowner] 21/5/2019 20:45

Hi Robot, Q, KNIGEL

Check out APC Simon Templar QC picked another one right its looks like its going somewhere. But this one up and not down.

[knigel] 21/5/2019 07:51

Cut business rates.
Landlords will have to reduce rents further
Mixed use of retail outlets Inc housing
Online tax
!happy to discuss but off to the office so catch up later)

[debsdowner] 21/5/2019 07:44

KNIGEL

Without blowing my trumpet I did.

I looked at much wider data particularly real wages which are less now on average wages which are less now than in 2008 which was the year of the financial crisis.


Something had to go and consumers have had to cut back so discretionary spend had to suffer. Larger value items would be the first to suffer cars, and white goods. Household items are well down you only haver to look at John Lewis household its well down. Fashion was the next to be hit but its been hit two ways. Shoppers no long feel the need to be dressed up casual is the thing of the moment.

So the downturn in consumer spend was predictable many like me predicted it management here must have known of it but were unable to manage it.

There were many reasons why Debenhams failed it should have taken more drastic action earlier and that was the responsibility of management.

Debenhams was like MFI constant sales and margins shot to pieces and profits were bound to suffer.

Whether it could have been avoided going to administration is probably a 50/50 short term if action had been taken a different way.

If the company had cut the dividend 2 years ago, done a CVA administration and creditors owning the company could probably helped.

All in my honest opinion KNIGEL what do you think, lets have some proper views rather than pulling one another to pieces

By the way Arcadia the next to hit the buffers Philip Green in a bad situation at the moment as Arcadia has a pension deficit and also many leases which they cannot handle.

His head office in London worth over £400 million but its been mortgaged off for about £300 million so little slack there as they need cash now!