Marks And Spencer Share Discussion Threads

[debsdowner] 17/1/2023 15:27

New Look another retailer to open concessions to sell pre-owned fashion



New Look to sell other retailers pre-owned fashion including NEXT.

[xxxxxy] 17/1/2023 13:58

1:21PMRyanair boss not seeing signs of recession as bookings surgeRyanair chief executive Michael O'Leary has said he is not seeing any sign of a recession at the moment after the airline said it would grow its flight schedule by 10pc this summer compared to last summer."We see no signs of it at the moment," Mr O'Leary said at a Brussels briefing on the discussion of a possible recession."We've gone through two weeks of record bookings over the last two weeks."He added that Ryanair will base 115 planes across Britain, with 57 at Gatwick, Stansted and Luton airports.... Daily Telegraph

[debsdowner] 17/1/2023 12:36

REISS which is 51% owned by NEXT has a record Christmas

[philanderer] 17/1/2023 12:13

Alliance News


In equity markets, Ocado tumbled after it said that fourth-quarter sales at Ocado Retail - its 50:50 joint venture with Marks & Spencer - were more or less flat as customers shopped less and bought fewer items.

Retail revenues nudged up just 0.3% versus the same quarter a year earlier, coming in below the company's guidance for mid-single digit sales growth.

Russ Mould, investment director at AJ Bell, said: "A 2023 recovery in the shares of online groceries firm Ocado was snuffed out after the company reported sales growth which was dwarfed by inflation and by the performance of traditional supermarkets and offered an uninspiring forecast for the rest of the year.

"While Ocado is winning new customers, people are buying less. This has an outsized impact on online deliveries which cost roughly the same to make whether the order is two potatoes and a block of cheese or a full weekly shop.

"Even with tiered charging based on how much you order, shrinking basket sizes are still likely to have a material impact on margins. Ocado is also at a premium price point which isn't exactly aligned to the pressures on household budgets in the UK."

[darrin1471] 16/1/2023 22:49

Ocado trading update tomorrow.

[debsdowner] 16/1/2023 19:29

MARKS got a fair amount of PR on both the BBC and GB news the latter saying retail opens and shuts shops all the time but Halligan did say it was good news on openings and jobs.

Overall the press were very possitive of announcement today. It does look like MARKS are on a PR exercise maybe they now think the worst is over for MARKS and it is better from here looking forward.

Most retail was up today however and had a good run lately.

[darrin1471] 16/1/2023 15:47

IMO an "acceleration of the late 2022 plan"

Next is a share I have never looked at closely as it is so big and it was never beaten down as much as the other retailers.
I have been using the 2022 Next annual report for a few facts and figures and the amount of detail in there is commendable. At 256 pages it compares in size to the Next catalogue.

[philanderer] 16/1/2023 15:30

Haven't seen 150p since last june.

[essentialinvestor] 16/1/2023 15:18

It is additional, or an acceleration of the late 2022 plan?.

[debsdowner] 16/1/2023 15:11

darrin,

Looks like the news today is additional to previous plans, the company don't need to make an RNS unless it makes a significant difference to previous forecasts, but the policy is rather ambiguous on RNS statements.

"Russ Mould, investment director at AJ Bell, said it felt "significant" that M&S had revealed its investment figure at a time when the "retail environment is not exactly buoyant".

BBC

[darrin1471] 16/1/2023 14:34

EI. Based on my post 12701 above it could be -60% or greater as they have been empty for nearly 2 years. The stores will have a small frontage and huge shopfloor making it difficult and expensive to split into smaller units while there would be very few takers for such a large space.

[essentialinvestor] 16/1/2023 14:00

Darrin, MKS likely secured the former Debenhams' stores at highly attractive terms.


Huge legacy lease liabilities one of the main factors that destroyed Debenhams.
Many of their leases negotiated prior to the huge rise of online competition
which they were then tied in to long term.

[darrin1471] 16/1/2023 12:55

The plans Boohoo have to expand the Debenhams online department store are also very interesting.

[darrin1471] 16/1/2023 12:53

I was looking through a few retailers annual reports at the weekend and was surprised by the store rental discounts being negotiated when leases are up or have a break clause.

SDRY "with 55 lease negotiations completed in FY22 at an average reduction of 45%."

NXT "Last year 80 leases expired; we closed 18 branches and renegotiated rents in 62 stores, achieving an average reduction in rent of -58%"

My understanding is that business rates are reviewed every 3 years based upon the rental value 2 years previously. The new level of rates is subject to transitional relief. So retail rates should fall significantly over a 10 year period.

After sitting empty for nearly 2 years MKS should have been able to negotiate significant rental discounts on the ex Debenhams stores

[xxxxxy] 16/1/2023 12:31

Marks & Spencer is to open 20 new shops this year and refurbish others in a £500m investment that will create thousands of jobs across the UK.The new locations will include eight "destination" branches that will sell all of the company's product lines, spanning clothing to food, while the other 12 new sites will be food halls.The planned "destination" branches will have wider aisles, market-style fresh food sections and "fill your own" stations for staples such as cereal and pasta.They will also have more spacious clothing, beauty and homeware sections, as well as free parking, according to the high street retailer.Five of the new locations - in Liverpool, Leeds, Birmingham, Manchester and Thurrock - will be in units formerly occupied by collapsed department store chain Debenhams. These stores will replace existing M&S city-centre branches that are set to close.Another, in Purley Way, Croydon, will be brand new.New food halls will be opened in Stockport, Barnsley and Largs, Scotland, M&S said.The nine stores confirmed so far will be joined by another 11 that have yet to be announced.The 20 stores, 12 of which will be food halls, are all scheduled to open in the 2023/24 financial year, after the retailer decided to speed up its store opening programme from five years to three. The expansion will create 3,400 jobs overall.It is part of plans overall to shrink the M&S estate down from the current 247 stores to 180, moving from having lots of shops to fewer "higher quality, higher productivity" stores.Stuart Machin, chief executive of M&S, said the new bricks and mortar venues will reflect "how customers want to shop today".He added: "The out-performance of our recently relocated and renewed stores, give us the confidence to go faster in our plan.... Matt Oliver... More Daily Telegraph

[philanderer] 16/1/2023 11:49

RBC raises Marks & Spencer price target to 145 (125) pence - 'sector perform'

[philanderer] 16/1/2023 11:47

morning diku, I remember when that was so :-)

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(Alliance News) - Retailer Marks & Spencer Group PLC has announced plans to ramp up its store overhaul with aims to open 20 new shops across the UK in a move that will create more than 3,400 jobs.

The group said that over the next financial year, it will open eight full-line stores in shopping centres such as the Bullring in Birmingham and the Trafford Centre in Manchester, as well in as retail parks and high streets across key cities.

It also will open 12 new food halls, including in Stockport, Barnsley and the seaside town of Largs in North Ayrshire, Scotland.

[debsdowner] 16/1/2023 10:34

FATFACE had bumprer sales



LUSH had record breaking December



Looks like most retailers had a fantastic December but some retialers profits will still be dented by inflation distorting profits.

[debsdowner] 16/1/2023 10:28

Hargreaves made a few hundred million when he privatised MATALAN however he then moved to MoNACO to avoid paying HMRC and then was in dispute involving appeals for years which it appears he lost and had to pay HMRC a considerable amount of money.

The loss of the £50 loan however will be a blow to Hargreaves dependant on how much was paid back to HMRC as well.

[debsdowner] 16/1/2023 10:15

Matalan founder loses control of business he founded



Big blow for Hargreaves but I think he isn't short of money I seem to think he was involved in other business other than MATALAN over the years.

[debsdowner] 16/1/2023 10:10

MARKS expansion Retail Gazette

[debsdowner] 16/1/2023 09:46

darrin, unless I have read it wrong the Times seems to suggest they are new stores and potentialy outside MARKS previoulsy strategy when MARKS already said they would close some outlets and open others.

Maybe these 20 new stores are in adition to previous intentions?

What do you think?

Looks like the former new stores in addition to previous announcements which is good news expansion in a tough climate which it is as much of the UK population got themselves in debt to pay for last Christmas



Christmas debt is more concerning to other players in the market MARKS customers would normally be the better off.