Marks And Spencer Share Discussion Threads

[philanderer] 19/7/2024 09:21

Already priced in ?

'Retail sales slump by more than forecast in Great Britain amid poor weather'

Drop of 1.2% in June comes as households rein in spending during cost of living crisis

[johnwise] 19/7/2024 06:54

M&S introduces new kidswear collaboration with all profits going to YoungMinds


Marks & Spencer has collaborated with Joe Whale, aka The Doodle Boy, on a new collection of kidswear items for the summer

The 13-piece range of bomber jackets, t-shirts, shorts, joggers and sports-style socks all feature the 14-year-old artist and cartoonist’s signature doodles and phrases to remind kids to always have the confidence to be themselves.

All profits from the collection will go the YoungMinds mental health charity for young people.

[johnwise] 18/7/2024 19:50

The biggest problem with Climate Change

Konstantin Kisin

[debsdowner] 18/7/2024 12:57

Some of the reasons behind Burberry's profit warning...



Too reliant on exports such as China and trying to sustain profits by pushing up prices too high.

[debsdowner] 18/7/2024 12:40

johnwise

""Net Zero push"

Do the public realize that by voting for net zero they’ve committed themselves to consuming less, because that’s the only way it works. And that by consuming less it means less consumer spending so the economy will slow. No point in "going green" when the green is being built over and the population is being increased at an ever increasingly unsustainable rate."

Unfortunately you are correct going to net zero or going green means less consumption in the end and less consumption equates to less spend.

Most retailers suggest they are making moves in that direction, Marks has now a mending service but in the end they still want to increase sales.

Going to net zero is a headache for retailers however they can do little about it if consumers decide they will go green and slow down their spend retailers can do little about this.

[johnwise] 18/7/2024 12:07

Inside Marks and Spencer's newest Scottish store amid £30m investment


The new store in Dundee features a food hall, café and clothing and beauty departments.

The 48,000 sq ft shop, which features a food hall, café and clothing and beauty departments, opened on Tuesday, July 16.

Located at Gallagher Retail Park, the opening of the new store was marked by a pipe band and a giant inflatable Percy Pig outside the shop front.

The new Dundee outlet is part of a quintet of new stores in Scotland as announced in January, with shops in Aberdeen, Edinburgh, Largs and Linlithgow also set to open.

M&S said it is aiming to create over 6,500 jobs with the new stores, with £15m earmarked to double the size of Aberdeen’s existing Union Square outlet as a flagship store.

[debsdowner] 18/7/2024 09:53

FRASERS group finals released today...



Frasers are gloating with their APBT which has increased in double digits, however if you dig deeper sales are down slightly and some creative accountancy with actual profits !

[johnwise] 18/7/2024 06:33

America refused them a stock market listing


'Queen of Shops' Mary Portas calls on the UK stock exchange to block £50bn Shein float

Retail guru Mary Portas has backed the opposition to the proposed UK stock market listing by fast-fashion giant Shein.

She said: ‘This is a company with allegations of unethical business practices, modern slavery and violating labour laws. Surely we are better than this?’

Shein has reportedly filed papers with the Financial Conduct Authority – the first step to a listing.

[johnwise] 17/7/2024 12:29

"Net Zero push"

Do the public realize that by voting for net zero they’ve committed themselves to consuming less, because that’s the only way it works. And that by consuming less it means less consumer spending so the economy will slow. No point in "going green" when the green is being built over and the population is being increased at an ever increasingly unsustainable rate.

King's Speech bombshells in full - from the controversial new laws to what wasn’t included

[debsdowner] 17/7/2024 09:02

Inflation held steady with clothing inflation falling, however service inflation still high..



With service inflation still sticky BOE may not cut interest rates in August.

[johnwise] 17/7/2024 07:40

bp pulse opens first EV charging hub at M&S store

bp pulse today announces that it has opened its first EV charging hub[1] as part of its exclusive agreement to roll out EV charging at M&S stores across the UK signed in 2022. The hub, located at the M&S store in Cheshunt, is the first of a number that are planned to be rolled out across M&S stores in the UK.


Video: Mark Levin sussed the government scam
The truth about global warming


If Zero CO2 was ever achieved every tree on the planet would die
VIDEO: A Dearth of Carbon Dr. Patrick Moore

[johnwise] 17/7/2024 07:16

M&S in Newton Mearns set to reopen after 'transformation'

M&S (Marks & Spencer's) on Ayr Road in the town will officially reopen on Tuesday, July 23.

It comes after we reported the retailer shut its doors on June 15 to transform into a fresh-market-style food hall.

[qantas] 16/7/2024 18:53

Debsdowner thank you

[philanderer] 16/7/2024 13:26

Ocado opens door to US listing after pressure from investors

[debsdowner] 16/7/2024 08:38

QANTAS,

OCADO fastest growing grocery market share in last 12 week period..



LIDL was the second fastest followed by Sainsburys, Tesco.

ASDS again was the laggard with a fall in grocery market sales.

[qantas] 16/7/2024 08:10

Robots Direct good news Robot will be so happy.

[johnwise] 16/7/2024 07:12

Giving chickens more space is only half the job. We need breed change

Shifts in stocking density are clearly the flavour of the month. M&S recently announced its birds will have more space by May 2025 in line with the Better Chicken Commitment (BCC), and Aldi has pledged to give its birds more space too.

M&S and Waitrose can be proud that they are continuing to move towards a full BCC commitment, and the rest of the supermarkets should follow their example.

[ayl30] 16/7/2024 06:37

Ocado retail operation improving"Ocado Retail revenue grew by 11.3% in 1H24 driven by growth in average orders per week of +9.2% to 428k, with growth in eaches of 9.5%. This delivered adjusted EBITDA* of £20.7m in 1H24 (1H23 £(2.5)m) with the business on track to deliver guidance of a FY24 adjusted EBITDA margin* of 2.5%, excluding Hatfield fees of circa £33m per annum."

[philanderer] 15/7/2024 22:55

Chris Beauchamp at IG said the read across from Burberry has hit both retailers and the mining sector.

"It’s not often the two are moved by the same story. The former have been hit by worries that Burberry’s problems are not an isolated case, and that UK consumer spending is on a downward trajectory.


proactiveinvestors.co.uk

[1mikejay] 15/7/2024 13:14

Like they have never done that before now.

[philanderer] 15/7/2024 13:00

Tesco takes on Waitrose and M&S in premium range fight

[debsdowner] 15/7/2024 08:56

Burberry sees a significant sales fall..



The lower goods market being hit such as ASOS and BooHoo and the premium market being hit.

Too early to say how Marks are doing but it could be more difficult as the cost of living gets worse.