Marks And Spencer Share Discussion Threads

[philanderer] 28/4/2023 00:14

500 shoppers queue for 3 hours for Purley Way M&S opening

[debsdowner] 27/4/2023 10:23

SAINSBURYS profits came out at top end of forecasts but share price in the red

"Grocery sales rose three per cent while underlying profit before tax was £690m, down five per cent on the previous year, but at the top end of £630m to £690m guidance range; Sainsbury said it expected next year’s total to come in between £640m and £700m."



Bottom line profits far worse however after impairments.

[xxxxxy] 27/4/2023 09:45

Supermarket Sainsbury's has revealed falling annual profits as it took a hit from soaring costs and held back price rises for shoppers – but said it is "determined to battle inflation for our customers" ... Yahoo Finance

[philanderer] 27/4/2023 00:15

Gove delays M&S Oxford Street decision by three months

[xxxxxy] 26/4/2023 22:12

'I swapped my weekly food shop to M&S and I saved £10'People can save on their grocery shop at Marks and Spencer by switching from branded products to the M&S own-brand version.By NICHOLAS DAWSON.... Daily Express

[eeza] 26/4/2023 20:40

London is on life-support, warns M&S boss.

[debsdowner] 26/4/2023 15:49

Sharrow White from Joh Lewis speaks out about sustainability and value in a changing workd..

[johnwise] 26/4/2023 10:34

M&S White Rose Leeds: 'Countdown' to new Marks and Spencer megastore opening as free giveaways unveiled



Marks & Spencer welcomes 14 new brands to online store

[johnwise] 26/4/2023 10:29

M&S Food Announced As Official Supplier To Munster Rugby Senior Women’s Squad

[debsdowner] 26/4/2023 10:24

Marrkets struggling today most retailers down so MARKS two way trading suggests they are still gaining sales to me.

[xxxxxy] 25/4/2023 08:39

Online grocer Ocado has announced plans to shut one of its warehouses in a move impacting around 2,300 workers.The company will shut its customer fulfilment centre in Hatfield, Hertfordshire, which is its oldest site.About a fifth of Ocado.com's 400,000 weekly orders are handled at the site.The company insisted its orders will not be affected, with work transferred to the company's "high-productivity, next-generation facilities" around the UK, including a site at Luton due to open later this year.It said the move was part of its joint venture with Marks & Spencer.....Daily Telegraph

[debsdowner] 25/4/2023 08:35

Grocery price inflation not reached it's peak yet says Kantar as ALDI's market share now reaches 10% having overtaken Morrison's a few months ago as 4th biggests Supermarket:

[debsdowner] 24/4/2023 16:45

LIDL targeting 1,100 stores in it's expansion and opened 50 stores last year with 15 opened the last 3 months. CEO say their is no ceiling to it's expansion



LIDL and ALDI's expansion will prevent most of the other big supermarkets growth and could well eat into their sales the next few years.

SAINSBURY's to post falling profits this week all eyes will be on their outlook statement.

[darrin1471] 21/4/2023 12:49

Nearly 4 in 10 people expect their financial situation to worsen in the next 12 months according to a survey of UK consumers by UBS.

The Swiss bank said the 38% figure was a series high and contributed to the overall pullback in purchase intentions for low and high ticket categories.

The survey showed consumers across all income groups are cutting down on discretionary spend.

As a result, UBS sees a drop in low-ticket leisure and vacation spend intentions for low-mid income brackets (below £40,000).

Further, high ticket categories such as cars, kitchens and renovations have subsequently seen a drop in purchase intentions for the next year whilst the likelihood of starting a new savings plan in the £40,000-59,000 income bracket has increased.

In terms of what the survey means for individual stocks, UBS noted DIY spend expectations are trending down which is a negative for Kingfisher PLC (LSE:KGF) given that DIY accounts for c50% of UK revenue.

But is was more positive for Dunelm where UBS noted the firm has seen a revival in purchase intentions for the coming year with high income consumers continuing to prefer Dunelm to Argos.

As with DIY, spend on Homewares is likely to decline in the coming year. Similar to the last wave, affordability and convenience are likely causing consumers to purchase homewares from supermarkets such as Tesco, Asda and B&M, UBS suggested.

UBS reiterated a buy on Howden Group and a sell on Kingfisher while keeping neutral ratings on Dunelm and DFS.

[darrin1471] 21/4/2023 12:42

10% rise in pension and minimum wage will also help spending from this month.

"Over 8 million families in the UK on means-tested benefits will automatically receive £301 this Spring, and over 6.5 million people on disability benefits in the country will receive a £150 payment this summer
£301 payment is the first of five direct cost of living payments for the most vulnerable households, including pensioners and disabled people, with the total amount of support reaching up to £1,350"

£301 – First 2023/24 Cost of Living Payment – during Spring 2023
£150 – 2023 Disability Payment – during Summer 2023
£300 – Second 2023/24 Cost of Living Payment – during Autumn 2023
£300 – 2023 Pensioner Payment – during Winter 2023/4
£299 – Third 2023/24 Cost of Living Payment – during Spring 2024

[darrin1471] 21/4/2023 12:23

ONS March report also has a graph showing since March 2019 retail volumes are down 1.6% but the value of the sales are up 15.6%

[darrin1471] 21/4/2023 12:20

ONS online retail sales:
"The value of online spending rose, while the value of retail sales as a whole fell; so the proportion of online sales rose to 25.8% in March 2023, from 25.4% in February 2023. The proportion of retail sales online has remained broadly consistent at around 26% since May 2022.
The proportion of retail sales taking place online remains above the pre-coronavirus (COVID-19) pandemic levels (19.8% in February 2020)."

[debsdowner] 21/4/2023 11:42

One of the Mail analysts thinks fall in retail sales could be more cost of living squeeze hitting households. Bills came in in April but consumers could have tightened up in March worried about the bills comming in.



GOV starts to pay it's £300 cost of living support soon which could make a difference to sales from here. Not sure who gets it however as last year I thought everyone got circa £900 split into 3 amounts Spring/Summer Autumn and winter.

[debsdowner] 21/4/2023 11:33

darrin, if the TESCO pub is only open for 2 days I am surprised they are bothering but I suppose sales will be good in those 2 days. I don't think it is a good idea however .

[darrin1471] 21/4/2023 10:44

Wetherspoons will not be worried by the Tesco pub. Its only open for 2 days and proceeds go to the Prince's youth trust.

[darrin1471] 21/4/2023 10:41

Monthly weather forecast is also not looking good for most of the country. This will be bad news for clothing retailers especially as the last year comparative was warm and sunny.
Only clothing retailer I am holding is MKS. I may top slice if positive monthly trend reverses.
Sold Boohoo ahead of results as I am worried by cash flow while they fund the US distribution centre
Someone from Richer Sounds was on the radio today saying they like wet weather and sales fall significantly during the first hot spell of the year.
Looking to buy into Angling Direct but concerned poor spring weather vs last year will be a further drag.

[philanderer] 21/4/2023 10:29

Rainfall washes out retail sales in March

[debsdowner] 21/4/2023 10:13

TESCO opens it's first ever pub for the King's coronation. I cannot see more pubs taking off however..

[debsdowner] 21/4/2023 10:09

Retail sales fell due to a wet March but market not taken too much notice albeit MKS down a bit..



The outlook the next week not at all good which could put a dampner on early May sales which is quite crucila for retailers.