Marks And Spencer Share Discussion Threads

[darrin1471] 29/11/2023 16:39

It may indicate a maturing of the Black Friday offer.
CURY management were on radio on Black Friday saying they do not like selling at sale prices during a time of the year that should be their best selling weeks to sell at full price, but they have to follow other retailers.
Next like to sell at full price if they can, so they may have been selling last years sale stock which had a high sell through and therefore there was less to offer on BF. ASOS have also said they are moving to a more full price sales model.
Traffic does also not the mean the same as sales. Maybe some of the winners/losers are spending more/less on digital marketing compared to last year.

[makinbuks] 29/11/2023 11:47

Sainsubury +4%, Tesco -20 % seems odd

I guess M & S are most comparable with Next and John Lewis??

[darrin1471] 28/11/2023 13:08

Some amazing numbers I find hard to believe. But they may indicate trends.

"Black Friday 2023 traffic: The online winners and losers"



Black Friday Winners
Temu +74150%
Sephora +132%
Moonpig +48%
Debenhams +46%
Zara +32%
Ticketmaster +24%
Pandora +14%
Gymshark +12%
H&M +10%
Sainsbury’s +4%

Black Friday Losers
PrettyLittleThing -45%
Asos -43%
Currys -34%
River Island -32%
Waitrose -31%
Argos -31%
Boohoo -30%
Next -26%
Shein -22%
Tesco -20%
John Lewis -15%
Nike -14%
Amazon -1%

[debsdowner] 28/11/2023 12:51

John Lewis say small electricals up 31% on last year but it is too soon to say Christmas sales on the whole are up this year.



Shop inflation has eased again this month on other news.

[philanderer] 27/11/2023 14:23

Shops braced for disappointing Christmas, industry figures show

[xxxxxy] 27/11/2023 13:09

Based on 8 Wall Street analysts offering 12 month price targets for Marks and Spencer in the last 3 months. The average price target is 281.88p with a high forecast of 330.00p and a low forecast of 220.00p. The average price target represents a 13.48% change from the last price of 248.40p.... TipRanks

[johnwise] 27/11/2023 08:06

M&S' shoppers go wild for 'elite' Christmas food item that 'looks unreal'

The festive toastie has already become a bit of a TikTok sensation, with one video receiving 1.8 million views.

[xxxxxy] 25/11/2023 20:29

Common sense. Wonderful.

[xxxxxy] 25/11/2023 20:29

Bosses at Asos will no longer need to hit diversity targets to get their bonuses, in the latest sign of the environmental, social and governance (ESG) movement faltering.The online fashion retailer said it was changing the criteria for its annual executive bonus scheme, making it primarily dependent on profits. Executives will also have to make progress on improving Asos's share price and profit margins to land their payouts. ... Daily Telegraph

[xxxxxy] 24/11/2023 07:37

Retailers will be hoping for a successful Black Friday as data showed falling inflation and sustained pay growth appears to be boosting households' confidence.GfK's consumer confidence tracker, which has surveyed households since the 1970s, showed a sharp rise in sentiment, particularly when it comes to families' assessments of the economy and their willingness to commit to major purchases.It comes as retailers offer big discounts for Black Friday, the shopping event that takes place on the fourth Friday of November each year after the US Thanksgiving holiday.Joe Staton, director at GfK, said: "People are thinking about their future with increased confidence and willingness to look beyond the short-term.He said the improvement in confidence "will be good news for retailers looking to benefit from Black Friday and Christmas". He added: Despite the acute cost-of-living pressures, many would still like to loosen their purse strings just a little so they can enjoy that feel-good factor we all associate with the festive season."... Daily Telegraph

[philanderer] 22/11/2023 00:19

Retailers are likely to enjoy a strong Christmas but the festive season could represent the ‘last hurrah of post-pandemic spending recovery’, according to Deutsche Bank Research. It said the industry is ‘generally in good shape’ with further recovery expected next year.

However, the broker warned that growth is likely to be ‘anaemic’.

Deutsche Bank Research urged clients to buy shares in three retailers that have undergone a drastic change in operations or are in the process of transforming their business.

This included Marks & Spencer, which is reaping the rewards of five years of changes, while B&M has set its sights on ‘ambitious’ store opening targets and fashion firm Asos is a ‘work in progress’ whose online sales should recover lost ground.

But the investment bank issued a ‘hold’ rating on Next, Kingfisher and Dunelm amid concerns over how their businesses and customers would fare if the economy came under further pressure.

[dicktrade] 21/11/2023 19:15

The issue with shoplifting was re the old type self scan tills in Food halls. I had noticed that they were not the same as the usual Supermarket ones that can detect the product you have scanned, the Marks’s ones could not do this and relied on customers honesty. When I realised I raised the matter with ex CFO Eoin Tonge and TBF within weeks they started replacing all of them with the new type that can recognise the product that has been scanned. So most of the problem has now been removed. But obviously there will still be theft but now not as much.

[ccsicemanandrew] 21/11/2023 17:26

I forgot to add, the same shoplifters come back repeatedly.

[ccsicemanandrew] 21/11/2023 17:24

Shop theft at MKS1. Not enough staff2. No security staff3. Desired items by doors4. No security on valuable items 5. Staff told not to confront or stop shoplifters.

[dan_the_epic] 21/11/2023 11:56

Excellent spot phil. Maybe time to think about taking profits at 280p, still some nice upside.

[philanderer] 21/11/2023 10:43

Deutsche Bank starts Marks & Spencer with 'buy' - price target 310 pence

[johnwise] 21/11/2023 08:10

Marks & Spencer opens new 97,000sq ft store at Lakeside


The new 97,000sq ft store offers local shoppers a fresh market-style Foodhall, as well as spacious new Clothing, Home & Beauty departments, alongside a 140-seat M&S Café.

The Lakeside store is one of nine new M&S openings throughout November – the biggest ever month for M&S store openings – and represents a significant investment in the region’s local economy. The nine November openings total an £80 million investment in bricks and mortar retail and will support over 2,200 local jobs across the UK.

[johnwise] 21/11/2023 08:09

Marks & Spencer opens new 97,000sq ft store at Lakeside


The new 97,000sq ft store offers local shoppers a fresh market-style Foodhall, as well as spacious new Clothing, Home & Beauty departments, alongside a 140-seat M&S Café.

The Lakeside store is one of nine new M&S openings throughout November – the biggest ever month for M&S store openings – and represents a significant investment in the region’s local economy. The nine November openings total an £80 million investment in bricks and mortar retail and will support over 2,200 local jobs across the UK.

[philanderer] 21/11/2023 00:24

Self-checkouts to blame for middle-class shoplifting, says M&S chairman
Faulty technology encouraging shoppers to walk out without paying amid rise in thefts

[xxxxxy] 20/11/2023 22:57

Shoplifting is "creeping in" among the middle classes because of faulty self-checkouts, the chairman of Marks & Spencer has said.Archie Norman said well-off shoppers were being tempted to walk out without paying for items when self-checkout scanners failed to properly register all their items.Mr Norman said: "Nobody quite understands why this has happened, but shoplifting has become a global problem. We're seeing this rise."It's too easy to say it's a cost of living problem. Some of this shoplifting is gangs. Then you get the middle class... Daily Telegraph

[xxxxxy] 20/11/2023 16:00

Marks & Spencer has been given the green light to take Michael Gove to court over his decision to block a multimillion-pound redevelopment of its flagship Marble Arch store.The High Court has given M&S permission to pursue a judicial review against the Government, during which the retail giant will challenge Mr Gove's "senseless" decision to reject the project.Mr Gove rejected M&S's Oxford Street regeneration plan in July, saying it would "fail to support the transition to a low carbon future" by demolishing the building rather than renovating it.... Daily Telegraph

[philanderer] 19/11/2023 00:21

Not just any Xmas dinner - cook this M&S one in an hour!

[debsdowner] 17/11/2023 11:47

Retail sales fallen 0.3% mom and sales should be up to take account of inflation.

[philanderer] 17/11/2023 10:39

Retail sales hit lowest level since 2021 lockdowns


Shoppers bought less fuel and food in October as they were hit by rising living costs and poor weather, according to official figures.

The volume of products sold last month fell by 0.3% to the lowest level since February 2021 when large parts of the UK were in Covid lockdowns.

Retail sales had widely been forecast to grow in October.

The worse-than-expected data emerged as recent figures showed the UK economy was failing to grow.