Marks And Spencer Share Discussion Threads

[essentialinvestor] 26/1/2023 11:46

MKS have one of their renew food formats at their Woking store.
If I have time over the next couple of weeks will pay a visit.

It looks like a premium market Street type concept from the images.

[philanderer] 26/1/2023 00:11

Baffling Brexit plan will wreck trade, says M&S chief

[philanderer] 25/1/2023 13:36

NI Protocol: M&S warns against separate labelling for NI goods

[darrin1471] 25/1/2023 12:11

No NEXT were forecasting a reduction of 2% in retail space in 22/23 due to the closure of 15 stores
All of Primark's new stores are in Europe and the US.

NEXT have a very interesting "15 year stress test" in their annual report. It is "A Scenario Not a Plan, Guidance or Forecast.". In the scenario they model two projections. One where in 15 years they end up with 135 stores and in the other 330 stores. Down from the current 477.

[debsdowner] 25/1/2023 11:32

darrin, interesting is that the same for NEXT ?

[darrin1471] 25/1/2023 09:26

EI. I put the Primark numbers up for balance.
High street sales are falling per sq ft everywhere due to online and may continue. Significant rent reductions are being negotiated on existing units and new units may be on even better terms. Additionally Primark are opening across Europe and the US where rents and turnover may be lower per sq ft.
Primark opened 10 new stores in the first 16 weeks and plan on opening 17 in the rest of the current financial year. So FY will add 6-7% more stores.
The Primark offer may not work in all of those markets but it should work in some, so there are plenty of expansion available. 10 new US stores this FY may indicate a significant opportunity.

[essentialinvestor] 24/1/2023 21:19

Past peak Primark profitability at a guess. Still a great business for the foreseeable.

[darrin1471] 24/1/2023 21:01

Primark:
2020 £2,904m from 15.8 million sq ft (£183.8 per sq ft)
vs
2023 £3,145m from 17.7 million sq ft (£177.7 per sq ft)

So sales down 3.5% per sq ft since covid before you take into account inflation.

[debsdowner] 24/1/2023 18:46

Primark sales exceeded 3 billion for 16 weeks up to 9th January a 18% increase. Fortunately Primark isn't a competitor to MARKS...

[darrin1471] 24/1/2023 09:52

Ocado retail JV:

MKS "ended up paying £562m in cash, with a bonus of £187.5m if certain performance requirements were met. So far, Ocado has managed to tick the boxes surrounding delivery and order capacity. This has resulted in a £33.8m payment.
However, £156m plus interest still remains. This is because the delivery service has struggled to hit the EBITDA threshold agreed. If it fails to hit the target by November 2023, it would have to forfeit the payment. While the specific target isn’t disclosed, its latest trading update doesn’t scream of optimism."

[philanderer] 23/1/2023 14:43

Bargain hunters show off their M&S sale purchases as they snap up children's clothes for as little as 99p and women's boots for £9

[debsdowner] 23/1/2023 14:38

ASDA says spending power (disposal income) falls in every region



MARKS extends it's price lock until Easter



LIDL facing a £2.7 million lawsuit against a supplier who has allegedly been forced to close his busininess

[debsdowner] 23/1/2023 09:37

ASDA owners considering merging EG group with the supermarket



Both companies carrying a worrying amount of debt which could be a problem in the recession.

[debsdowner] 23/1/2023 09:31

Marks struggling to overcome the £1.50 level.

Morrisons slashes prices on 820 products, price cutting after New Year isn't unusual other supermarkets are doing the same TESCO is price matching ALDI.



TESCO is blaming suppliers for inflation to hike prices



Waitrose isn't stocking Warburtons products probably because of the same issue, TESCO had a similar problem with the same supplier last year and stopped stocking other products refered to in the article.

[xxxxxy] 22/1/2023 20:52

Tesco's chairman has suggested food companies might be using inflation as an excuse to hike prices further than necessary as household staples hit price highs not seen for decades.John Allan said in a BBC interview yesterday that it was "entirely possible" that food suppliers and manufacturers were needlessly putting up prices.When asked by the BBC's Laura Kuenssberg if he thought companies were "taking the mick" out of consumers with recent price hikes, Mr Allan replied: "I think that's entirely possible... they may well have."He added: "I can't be definitive because I haven't seen their cost structures." ... Daily Telegraph

[debsdowner] 20/1/2023 11:25

darrin, I think you are right on this level with a good bounce in most retailers some are now taking profits.

News today is official retail sales which fell more than expected in December but some retailers like MARKS bucked the trend..

[xxxxxy] 20/1/2023 07:40

7:10AMGood morningIt may have been the first Christmas unaffected by Covid since 2019, but shoppers did not deliver the usual boost to retail sales last month. Retail sales were down 1pc compared to November and fell 5.8pc on the previous year.Retail sales excluding fuel were down 1.1pc and fell 6.1pc on the previous December... Daily Telegraph

[darrin1471] 19/1/2023 18:15

Looks like some are selling and taking profits around £1.50. Appears to be enough buyers to continue upward trend.
MKS hit a low of £1.70 pre covid. 3 years on and MKS looks in a much stronger position.

[debsdowner] 19/1/2023 17:14

Eating out at a decent place can cost a considerable amount and eating for two could cost over £100 without the wine. Too much now with everything else slimbing with inflation.

BooHoo to cull head office jobs to cut costs.



From my standpoint with cost of living getting worse BooHoo could be heading for more trouble.

[essentialinvestor] 19/1/2023 17:02

Tis a bargain.

[darrin1471] 19/1/2023 16:58

Rather buy it at a butchers than a restaurant but more than happy to buy it from MKS.

[essentialinvestor] 19/1/2023 16:52

Darrin, around my way you are looking at £30/£35 a head at least for steak and chips. A drink and desert × 2 and not much change out of £100. Today cost me about £13 from MKS all in.

[darrin1471] 19/1/2023 16:48

Always disappointed by steak when I order it off a menu. Rather buy it from a butchers.