Marks And Spencer Share Discussion Threads

[shoesize19] 24/10/2022 18:24

cheekycrybaby.

Make sure your mummy baths you properly this evening.

[debsdowner] 24/10/2022 15:18

Goodbye Cyril we don't want your spam I would suggest you go elsewhere which you are doing en-masse

[debsdowner] 24/10/2022 14:28

Hi darrin have missed your contibutions the last few days.

I saw the link on Retail Gazette earlier and wondered whether people are buying early to spead the cost of Christmas?

On other retail news I posted earlier that Kantar has forecast less money spend this Christmas but I don't think that was a surprise the retailers themselves have said as much.

Frasers have taken a stake of 5% in ASOS and today they have announced a higher stake in Hugo Boss with put options as well

[darrin1471] 24/10/2022 13:58

Superdrug Christmas gift sales up 219% compared to this time last year.

hxxps://www.retailgazette.co.uk/blog/2022/10/superdrug-2/

That is early, Christmas sales are normally up week on week from half term. Last year, customers were supposed to have shopped early due to reported shortages and fears of a Christmas lockdown.
I was expecting poor LFL sales in October and November.

[debsdowner] 24/10/2022 12:57

ZARA to offer a repair and resale on its website a number of retailers doing the same for sustainability



I don't expect it to be a bid market and even ZARA said it won't be profitable initialy.

[debsdowner] 24/10/2022 10:49

Foofall falls last week and in half terms footfall normally rises so this week will be a good barometer:

Sharecast

"According to retail experts Springboard, footfall dropped in all key destination types - down 3.3% in high streets, 1.5% in retail parks, and 0.7% in shopping centres - and declined across all UK geographies - apart from Scotland where it rose by 1.1%

In six areas of the UK, the drop in footfall from the week before exceeded the average of 2.3%, dropping 3.7% in the West Midlands and 3.2% in the East Midlands. In high streets in the Midlands, the decline in footfall was even more severe - down 5.9% in the West Midlands and 5.2% in the East.

The uplift from 2021 across all UK retail destinations contracted to 5.9% from 6.7% in the previous week but the gap from 2019 widened to 11.1% from 9.2% in the week before last.

Diane Wehrle, Springboard's insights director, said: "There are several factors at play in terms of what is driving consumer activity; however, the most evident is the squeeze on household incomes as a consequence of inflation and increased mortgage rates. This, mixed in with the current political uncertainty, inevitably makes consumers cautious and then rail back on shopping trips.

"This is likely to have been compounded by the prospect of school half term this week, which may well have meant that shoppers deferred trips last week. Footfall typically rises in the week of school half term as families visit retail destinations for group shopping trips and days out, so footfall this week will be a good barometer of current consumer sentiment and behaviour."

[debsdowner] 24/10/2022 10:04

Matalan lenders to take control of business is latest retailer to struggle in cost of living crisis but Matalan struggled for years.

[debsdowner] 24/10/2022 08:46

UK services PMI and Manufacturing PMI missed forcasts badly and will affect the markets, sterling was up but weakend and went neegative for a time after data:

[babycheeky] 24/10/2022 08:25

Bloody hell Barry you have found something positive and posted it.

Bet that hurt mate ?

[debsdowner] 24/10/2022 08:23

MARKS says it is to "turbo charge" it's OCADO business to compete with the big 4 this could be interesting

[babycheeky] 24/10/2022 08:23

Barry read post 12036 and take note that more people believe in Mike Ashley than believe in you.

Doesn't that tell you something ?

[babycheeky] 24/10/2022 08:21

Give it a rest Barry everyone can see how sad you are spending your days looking for something gloomy to highlight.

[debsdowner] 24/10/2022 08:18

MORRISONS struggling and doing a sale and lease abck to raise cash, this will be a short term fix but more pain in the long run with higher rents

[debsdowner] 24/10/2022 08:10

BBC on FRASERS stake in ASOS

[babycheeky] 23/10/2022 15:43

Now who thinks Mike Ashley is the most successful business man vote this post up

Let’s see what we get then mate.

[babycheeky] 23/10/2022 15:41

Let’s have a bit of fun on this Sunday afternoon right

Who thinks Barry Bridge is the most successful business man vote this post up

[babycheeky] 23/10/2022 15:30

What’s in no doubt Mike Ashley is one hell of a lot more successful than you and a lot richer.

So who do you think knows best how to run a business you Barry or Mike Ashley ?

[babycheeky] 23/10/2022 15:28

Old Barry is happy LOL

He’s managed to find some bad or less than positive news and once again copied and pasted. What a sad life you lead mate.

Give it a rest maybe go and have a drink in Wetherspoons and cheer yourself up ?

[debsdowner] 23/10/2022 14:04

FRASERS group now fourth largest shareholder in ASOS which is a surprise on the one hand but not on the other.

FRASERS group invested in the last decade of multiple retailers some big like DEBENHAMS which he lost a fortune on and some tiny ones as well and just because he invests doesn't mean he will eventually bid. He can hold for years without showing his intentions.



I am surprised he hasn't invested in Joules but maybe he doesn't see a future or waiting for it gto go bust.

I doubt if FRASERS will build a massive stake in ASOS however and seek a bid but thst is a pure guess on Mike Ashley previous behaviour.

[debsdowner] 23/10/2022 13:02

Hi barnes no.

I think it's too early and maybe dangerous pre results in November. Barclays downgaded on Friday but had a price target well above the current price however.

It is all about risk now.

If the price falls below £1 again and towards its lows it could be a reasonable entry point, I would rather hold MARKS than ASOS which I have made clear.

One has to be careful now there may be a run up to results or even a fall down form here you need to watch the price carefully but don't get carried away with a small rum we have had those before.

It all now hangs on the results if they give a gloomy outlook the share price may fall well below £1 but we dont know if profits will be wiped out this year on exceptionals.

There are going to be a lot of exceptionals you cannot clostethat many stores as they have outlined without them.

[barnes4] 23/10/2022 12:50

Downer have you dipped a toe?

[debsdowner] 23/10/2022 12:38

Is it to late to save ASOS?



ASOS has made some almight mistakes the last 2 years, they saw a boom during lockdowna dn should heve predicted this wouldn't last and sales would fall to realistic levels, but continued their expansion abroad.

Expandign abroad ahs always been difficult for retailers many of the big companies did this decades ago and came unstuck markets are far more competitivde abroad particularly in the US and there are strong players in Europe Zars and the nebie Shein who are gaining traction.

But ASOS have also been losing customers and once you have lsot them its difficult to get them back.

The danger of expanding during a mini boom is trade falling away and your overheads are too high to handle.

MRKS expanding their simply food is a different strategy because they have a good handle on where a new simply food is needed and the business model seems to work.

It will take time but I think MARKS is a far better gamble than ASOS.

But bear in mind things are deterioraing all the time and most retailers are going to struggle.

[debsdowner] 23/10/2022 12:18

Mervy King warns of the need for tax increases and cuts to deal with the current UK crisis and said all the central banks did too much money printing during covid and we had to deal woith the current situation.



Unfortunately the damage has been done and mortgage rates are still rising and we could face a housing crash.

Some people thinks a crash is needed to correct house prices which most see as overvalued.

We are going to see at least 18 months of auterity possibly more because it will take years for the GOV to deal with build up of debt.