Marks And Spencer Share Discussion Threads

[xxxxxy] 18/7/2023 11:27

John Redwood@johnredwoodGlad the government is removing quota limits from small UK fishing boats. They also need to ban the over 100 metres industrial foreign trawlers that are being allowed to hoover up too much of our fish, damaging our fishing grounds.6:01 am · 18 Jul 2023·

[qantas] 18/7/2023 10:54

UK online supermarket Ocado held annual guidance after swinging to a core profit in its first half and said its retail earnings would be "marginally positive" for the full year. The company on Tuesday posted a core profit of £16.6m compared with a loss of £13.6m a year earlier. Shares in the firm spiked last month on rumours of a possible bid from online giant Amazon.

[philanderer] 18/7/2023 10:17

Good read across from OCDO report today.

[xxxxxy] 18/7/2023 08:19

7:38AMOcado losses deepen as it fights to cut costsOcado suffered deeper losses in the first half of the year as the company stepped up efforts to improve its online grocery joint venture with Marks & Spencer.  The company reported a pretax loss of £289.5m in the 26 weeks to May 28, down 37pc on the previous year, although its project with M&S returned to profit in the second quarter as shoppers were lured by price cuts.Most of Ocado's revenues come from its online grocery business with M&S, which has been struggling to boost market share as shoppers shift away to discount supermarkets like Aldi and Lidl to save money.Ocado has been keeping a lid on costs at the venture and boosting efficiency, having announced it will close its oldest warehouse in Hatfield, Hertfordshire. Ocado shares have lost two-thirds of their value over the past two years, having last made a pretax profit seven years ago.... Daily Telegraph

[philanderer] 18/7/2023 00:20

Marks & Spencer launches TV ad featuring top female football stars

[pierre oreilly] 17/7/2023 22:43

Great new m&s ad on the box today. One of those where you wonder what is being advertised, then at the end you find out it's m&s's healthy snack/food range. Seems to hit the spot.

[qantas] 17/7/2023 18:37

Ocado results in the Morning.

They have lots of Robots.

[debsdowner] 17/7/2023 12:11

John Lewis also boosting third party upmarket new brands..



Sharron White also says shoplifting gone up 26% in the cost of living crisis.

[debsdowner] 17/7/2023 11:34

BooHoo has credit insurance cut so both ASOS and BooHoo in same court as ASOS had credict insurance cut some time ago...



Hotter owner appoints administrators..


This would be a good fit for MARKS.

[xxxxxy] 12/7/2023 21:53

A race to 'rewild' Britain by ministers is putting food security at risk, farmers have said.Landowners fear that the Government is too focused on restoring agricultural land to its natural state as part of a push to hit net zero, without considering the impact on crops and livestock.Around 84pc of rural businesses said the Government's focus on food security is too weak, according to a report by Knight Frank.Tom Heathcote, head of agricultural consultancy at the business, said: "Farmers believe land should be allocated for agricultural use rather than for rewilding or less intensive farming practices."The Ukraine war and climate change have put pressure on farmers to produce more food as shelves empty out, with sunflower oil and wheat particularly badly affected by the invasion.There was also a shortage of tomatoes earlier this year, after bad weather spells in Morocco and Spain left importers struggling to find them.... Daily Telegraph

[lrj] 12/7/2023 21:15

By chance saw this, your choice. Thank you.

[debsdowner] 12/7/2023 09:09

MARKS edging up towards my price target of £2 if MKS reach that target the next range is £2.50 !

[philanderer] 12/7/2023 00:13

M&S products star in Ocado ad for first time

[qantas] 11/7/2023 17:16

The stated aim of the business, announced at the end of last year, is increasing the rate of retention among customers. CEO Hannah Gibson said at the time that they wanted to build on what they had, which is the “strongest loyalty in market”, she claimed, by “driving marketing efficiencies to improve targeting and retention of customers”. This is one way it hopes to inch towards “marginal” profitability in 2023 and reverse the £500m annual loss reported in February.

Please do your own research as always

[qantas] 11/7/2023 13:41

Waitrose should never have gioven up Ocado.

Food is better picked by Robots.

Waitrose partners with Uber Eats to expand on-demand delivery footprint



Please do your own research as always.

[philanderer] 11/7/2023 11:17

CT: cost cutting protecting M&S margins


Columbia Threadneedle’s Jeremy Smith believes Marks & Spencer (MKS) can protect margins with its cost-saving measures.

Smith holds the high-street stalwart, which is a Citywire Elite Companies plus-rated business, in his £158m CT UK Equity Alpha Income fund. In a recent update he said the group had ‘benefited from a strong results statement, with the company reporting increased profit and committing to reintroducing its dividend for the first time since the pandemic.’

‘Management credited this performance to its strategy of reshaping and modernising the business, along with strong sales of clothing, homeware and food,’ Smith said.

‘We are also optimistic about the firm’s cost-saving measures to protect margins.’

More generally, Smith was positive about the prospects for the UK consumer and companies. He said recent falls in energy prices have ‘abated concerns about the cost-of-living crisis.’

‘Meanwhile, corporates remain positive, as reflected in the high level of M&A interest in UK companies,’ he said.

‘Overseas bidders and private equity firms have also been attracted by the UK market’s deeply discounted valuations relative to global peers. The UK is home to world-leading businesses with favourable prospects – many of which are trading at distressed levels.’


citywire.com

[debsdowner] 11/7/2023 09:29

2 Year fixed rate mortgage rates now surpass 6.6%



With BOE rates set to rise further we haven't seen such high rates for well over a decade.

More concerns over inflation is UK wage growth hits 7.3%.

[philanderer] 11/7/2023 00:21

Ocado launches its first robotic warehouse in Asia as it seeks to revive its flagging fortunes amid UK woes

[darrin1471] 10/7/2023 19:01

High street has had a boost post covid as rents have fallen but almost every online only retailer is up on pre covid as are the omni-channel retailers. Online is here to stay and grow but omni-channel now has an advantage.

[philanderer] 10/7/2023 14:36

Archie Norman: The M&S turnaround has taken too long - we can't take our eyes off the ball now

[xxxxxy] 10/7/2023 11:10

Ocado (OCDO.L)Online food retailer Ocado's stock sank more than 3% in early trade in London as M&S (MKS.L) bosses professed they are "unhappy" with the pair's partnership.M&S chairman Archie Norman told shareholders last week he felt there is "work to do" as losses pile up at Ocado.The grocer said it has posted a £501m loss earlier this year - a £177m increase from a year earlier. These losses mean Ocado will bring in around 40% less than originally projected in performance payments from M&S, according to The Times....Yahoo Finance

[debsdowner] 10/7/2023 10:07

Warehouse demand wilts as online retail falls out of favour..



Retail/online how turned full circle most the online retailers now struggling to survive as shoppers return to stores particularly in food but both BooHoo and ASOS fashion falls out of favour.