Marks And Spencer Share Discussion Threads

[debsdowner] 31/1/2023 13:15

darrin you are right about IMF they have been wrong time and time again and they will probably be wrong again but all these strikes could mean forecasts are worsened not bettered.

[darrin1471] 31/1/2023 10:52

Tesco is close to buying Paperchase in a pre-pack deal that will likely lead to mass store closures.

[darrin1471] 31/1/2023 10:31

"Frasers group rolls out buy now pay later app" is interesting in reference to N Brown Group (BWNG) in which Frasers has recently taken a stake. BWNG has a significant credit arm in addition to the online business.

[darrin1471] 31/1/2023 10:26

Markets were reacting badly in the US last night and in all European markets today so not UK specific.
Nerves in the US ahead of FED decision this week. 0.5% by FED may result in a sharp sell off and a change in sentiment. 0.25% and the rally should continue. ECB and BoE expected to raise interest rates by 0.5% this week

IMF has a terrible forecasting record.

[debsdowner] 31/1/2023 10:00

The IMF gives a bleak forecast of the UK economy today stating that the UK will be the only developed economy to shrink this year and even Russia will perform better than the UK with all the sanctions against the state



Analysts can be wrong of course bear in mind but the market seems to be reacting badly to the forecast.

[debsdowner] 31/1/2023 09:54

STRIKES just about everywhere now and bound to affect the economy and consumer spend will be hit. Market taking a pounding today and at the moment the GOV doesn't look like they will give in to union demands.

If they do give in to unions inflation will further damage the economy and you get a vicious cycle difficult to break.

[debsdowner] 30/1/2023 11:33

JD Sports hit by Cyber attack and customaers data leaked



Cyber attacks are a worrying development for any retailer and retailers will have to try and tighten up their security and data, if a company is hit and customers data leaked customers will be more reluctant to shop at the company in future.

[debsdowner] 30/1/2023 11:28

Frasers group rolls out buy now pay later app



Frasers group increases stake in N Brown

[darrin1471] 29/1/2023 23:38

I think wholesale is an big issue because they are only just starting to address it and the time frame they have given for a turnaround is 12-24 months.
Agree that UK retail and ecommerce are more important in showing that they are going in the right direction.
They said in webcast that margin had dropped because:
1. In wholesale they had tried to move stock.
2. Clearing older lines through Black Friday and post Christmas sale.
3. High sales in third party ecommerce are lower margins than their own shops and their own ecommerce.
Acknowledged they need to realign cost base to match the new reality of less sales through own stores where the margins are highest.
I can see why they went for a high interest "covenant light" loan.

Simmsc: Anything of particular interest from Liberum ?
BooHoo. I'm concerned about cash burn this year and negative effect it may have on share price. Will gather my thoughts and post on Boo thread.
Thanks for the China information.

[simmsc] 29/1/2023 22:27

Wholesale down is not such a big issue. Would be worse if it was the other way round (store sales down by that much). Wholesale can sometimes lag. I didn't like the fact that margin % dropped by the amount that it did (despite wholesale dropping in the mix). I'm wondering if wholesale had made up for a larger part of the mix (ie normal, had it not dropped by much) would the margin % on total revs have been even lower?

[darrin1471] 28/1/2023 15:28

Superdry 9 week Christmas sales were excellent.
Stores +18.8%
Ecommerce +33.4%

The problem was:

Wholesale* -57.4%

SDRY said wholesale was down in H1 by 5.2% on 22nd December and "low levels of dispatches in October which are expected to partially reverse in the second half."

HOW -5.2% "partially reverse in the second half" turns into -57.4% five weeks later is beyond belief.

I believe SDRY are a recovery stock but the next year may be difficult on the share price unless wider markets rally.
Sold for a small profit in anticipation of a lower entry point.

[debsdowner] 28/1/2023 14:41

An interesting development in Sainburys, Bestway cosco owner takes a 3.4% stake in the company and says it is not interested in a takeowner at the moment but may consider buying more shares from time to time. The stake could enhance Sainsburys share price however in the hope that Bestway will change their mind and do make an offer for the company..

hxxps://www.retailgazette.co.uk/blog/2023/01/bestway-sainsburys/

[debsdowner] 28/1/2023 14:33

First Department store Charity shop opens in London



Even MARKS is aware of customers concerns over sustainablity together with the cost of living crisis entering the pre-worn themselves. This may not affect MARKS customers too much apart from a slowdown in growth in respect of all fashion.

The yoounger generation shopping pre-worn themselves and they are also the next generation which will be middle aged themselves one day and will be less inclined to buy new.

[philanderer] 28/1/2023 00:09

M&S shares are up 45% since October: Is the retailer finally 'out of the woods' or will Britain's economic woes weigh on the high street giant in 2023?

[xxxxxy] 27/1/2023 20:35

Nigel Farage warns new EU law classifying insects as FOOD will have huge impact on UK - 'It's time for a proper Brexit'... GB News

[xxxxxy] 27/1/2023 16:52

Household bills could fall by more than £750 from July as estimates continue to tumble for how the energy price cap will look later in the year.Investec has again lowered its estimate for what the typical household will pay annually on energy bills from July, reducing its best guess from £2,465 to £2,247.... Daily Telegraph

[debsdowner] 27/1/2023 12:36

SUPERDY profits fall as it cuts forecasts to breakeven



H&M sees profits drop

[debsdowner] 27/1/2023 12:33

EE Morrisons taken on too much debt and the result is they have been forced to keep prices up.

darrin, ASDA is trying to cut costs and I agree filling shelves in the daytime takes longer and boxes and trolleys all over the place prevents you shopping.

This is the problems wheb they try and find ways of cutting costs sometimes they get it wrong and cannot see the obvious.

But saying that it's so obvious it causes more problems you cannot understand their logic.

It may save 10%-20% on wages but take longer to do, I suppose they have some rational for their doing this, I suppose it is to make the staff work harder, TESCO have done the same so they are not on their own and both ALDI and LIDL fill shelves during the day as well as before the shops open.

[qantas] 27/1/2023 12:25

Please light a candle for mass murder of millions of European Jews.

Live: Auschwitz-Birkenau death camp marks anniversary of liberation on Holocaust Remembrance Day

[essentialinvestor] 26/1/2023 19:43

debs, Morrisons are not as price competitive as when a listed company and market share loss is the result.

Marks imv winning share from Waitrose on food. The other half won't go to Waitrose shops in my area any more, they look tired and old - shopping experience not great because of this. Guildford store is decent but not on my doorstep.

[debsdowner] 26/1/2023 19:31

ASOS hires restructuring executive to try and turn the group around



Morrinsons sees 15% fall in profits



Not as bad as were forecast however.

[debsdowner] 26/1/2023 19:25

diku not really sure presumably they have a list of retailers who provide limited info to CBI.

On other news ASDA to cut costs by moving night time shelf stackers to daytime which would mean a pay cut. I can recall TESCO doing the same thing a while ago but staff will not be happy.

[diku] 26/1/2023 14:20

How was that survey conducted?...