Marks And Spencer Share Discussion Threads

[johnwise] 31/10/2024 08:47

Labour's tax bomb leaves Britons £300 worse off: UK faces highest tax burden ever, businesses are battered by the Budget, wages will fall and inflation will rise

[johnwise] 31/10/2024 08:46

VIDEO
Farage responds to Labour's Budget.


UK Parliament

[debsdowner] 31/10/2024 08:22

Markets don't like the budget, higher borrowing affecting gilt yields which have risen considerably which in turn will result in higher mortgage rates for longer.

Higher earners will be worse off and higher capital gains tax will hit share dealing.

[debsdowner] 30/10/2024 17:18

Rise in minimum wage won't make much difference to company costs as workers already get above minimum wage.

However it may help sales as higher low pay will give more to spend.

[debsdowner] 29/10/2024 10:11

BRC sees shop prices fall further for 3 month in a row in October:



As for budget it can only mean tax rises will suck more money out of the economy, however rise in minimum wage should increase average wage spend imo.

[fegger] 29/10/2024 09:42

Interesting Budget Day tomorrow. Higher employer NICs likely. Not in current forecasts. What effect will this have? Some retailers would be really hit. But M & S?

[philanderer] 28/10/2024 17:21

Marks & Spencer is set to add self-checkouts to all of its fitting rooms to prevent customers from queuing twice while shopping.

The move comes despite M&S chair Archie Norman’s warning that shoplifting was “creeping in” among middle-class shoppers.


retail-week.com

[debsdowner] 28/10/2024 10:59

Mike Ashley fracas with BooHoo management reminiscent of fight with Debenhams board before the group went bust.



In other important retail news John Lewis pulling back on converting some of it's retail space to offices to rent out been pulled back due to a resurgent in high st retail

[johnwise] 27/10/2024 13:23

The Little Boats and more

June Slater

[philanderer] 25/10/2024 13:12

Broker tips M&S shares to hit their highest level since 2015


Peel Hunt upgrades to 425p while UBS says shares could hit 435p
M&S will update investors on its first half next week amid store expansion

Broker Peel Hunt has upgraded its expectations for Marks & Spencer's shares, with analysts backing the retailer's ambitious food-only expansion plans.

M&S, which will next week update investors on its first half performance, has become Britain's fastest growing supermarket under the leadership of boss Stuart Manchin.

Machin has helped lure in shoppers despite a tough consumer backdrop as M&S has invested in larger food halls and launched new products.

It has helped drive M&S shares almost 40 per cent higher since the start of 2024. They have added more than 75 per cent over the last 12 months.

Peel Hunt on Friday hiked its M&S share price target from 360p to 425p - 12.7 per cent above their current level of 377.1p as of midmorning.

It follows another vote of confidence from analysts at UBS, which in September upgraded its M&S target share price to 435p – higher than at any point since December 2015.

M&S opened four food-only stores in the first half of the financial year, with plans to open five more in the second half and 10 more next year.

It is hoping to grow its food-only offering from 325 to 400 sites nationwide.

Peel Hunt analysts said a recent trip to M&S's new Friern Barnet store – a 18,000 square-foot site previously hosting a Furniture Village – showed the value of the retailer's recent investments.

'The maths clearly works given the immediate sales densities,' they added.

'M&S is not going mad with its opening programme, but stores like Friern Barnet show what a potent model M&S now has for new/refitted stores.

'The interims on 6 November should showcase a good, if not great 1H, but current trading is probably decent, judging by the weather. An upgrade is possible, and as the consumer starts to gain confidence, the risk profile has changed.'

Daily Mail

[debsdowner] 24/10/2024 11:25

Mike Ashley withdraws bid for Mulberry and in his other interests BooHoo is wanting a seat on the board as CEO and seeks a GM and current CEO step down.

[pierre oreilly] 23/10/2024 09:58

Apologies, I somehow mixed up cat deely with Stacy dooly.

[pierre oreilly] 23/10/2024 09:38

Jeeze, cat deeley? I remember when m&s was an inspirational shop. Can't wait for the Christmas ad, probably starring mr blobby.Btw, our localish m&s in Crawley is being closed in the next few weeks. They're advertising turkeys, so I guess they've postponed the closing until after Christmas. Rumours are just too much theft, which I can believe.

[johnwise] 23/10/2024 09:22

Cat Deeley models affordable £45 M&S sparkly shift dress that's set to be the 'it' outfit of the season

If you're looking to bag the next 'it' dress of the season, a little black dress never goes out of fashion - and Cat Deely's affordable M&S sparkly shift dress is the one to beat

[johnwise] 22/10/2024 09:51

In pictures: M&S, Fortnum & Mason and Lush win big at Retail Gazette Awards 2024

M&S took home the Best Retailer over £500m at the Retail Gazette Awards:

The Game Changers, in partnership with Yext as the judges heralded that the much-loved chain had “returned to its former glories”.

The judges added that M&S, which posted a 58% jump in profits in its last financial year, was “firing on all cylinders. “With positive momentum across all parts of the business, the future looks ever brighter,” they said.

[ayl30] 20/10/2024 18:54

Had the same issue at Milton Keynes branch

[xxxxxy] 20/10/2024 16:13

Helen Walshe5 min agoI tried on a size small Jaeger M&S sweater lately, no medium being on the rack. It was a tad snug. I asked if they had medium in the stock room. The salesperson shrugged lazily and said all sizes were out- despite it being new stock. I took the sweater as I liked it a lot but, on going home, checked online. Sure enough, medium was available! I had guessed as much so I ordered. Next day I returned the small one and noticed several mediums on the rack- surprise! This branch of M&S also tends to have very long queues at clothing checkout. One can check clothes out in the grocery section but several times, when I wasn't also going there, I have abandoned my choice and later ordered online. It might be a good idea for retailers to review money losing practices on their shop floors before condemning customers for ordering and returning several sizes.reply1 reply 3 0reportReply by Lettuce Elphinstone.LELettuce Elphinstonejust nowReply to Helen WalsheAnd of course M&S have told predatory men that they are welcome in the women's changing rooms.What's not to like?...Daily Telegraph

[xxxxxy] 20/10/2024 16:09

Richard Lim, chief executive of Retail Economics, said: "Serial returners are quietly eroding retail profitability in ways many retailers are only just beginning to understand. "The rise of opportunistic shopping behaviours, where many people intentionally buy large quantities of goods with the intention of returning most of them, is placing an unprecedented strain on retailers."..Daily Telegraph

[philanderer] 18/10/2024 13:12

Sales growth in shops in Great Britain slowed last month as an increase in purchases of technology was tempered by the largest monthly fall in spending at supermarkets this year

[debsdowner] 18/10/2024 10:18

QANTAS with 1 in 3 households now shopping at MARKS things can only get better.

I think I may have to raise my price target again soon to £4.40

[qantas] 18/10/2024 08:29

Great news

[ccsicemanandrew] 18/10/2024 08:00

Retail sales volumes rose by 0.3 per cent during September 2024, official figures show, taking them to their highest index levels since July 2022.

[debsdowner] 17/10/2024 08:06

A third of households now shop at Marks as turnaround takes pace...