Marks And Spencer Share Discussion Threads

[boraki] 16/6/2017 09:44

Market crash 2017

[ignoble] 15/6/2017 18:12

The consumer appears to be pulling their reins in.
I still think that the stores really don't understand what we wish to buy.

The big boys just give too much choice.
If I need a blue sweater I don't need the choice of 20 shades of blue
V neck or crew neck , light or dark blue Job done !

[boraki] 15/6/2017 14:33

I'm out

Market is too toppy

Goodbye good luck to all

[philanderer] 15/6/2017 10:11

DFS profit warning maybe as well ?

Telegraph:

The pound extended its losses this morning after data showed UK retail sales fell more than expected last month.

It is currently down 0.7pc at $1.2706 against the US dollar. Against the euro, it's off by 0.82pc at €1.1182.

Sterling is also under pressure from broad dollar strengthen following yesterday's move by the Fed to raise interest rates

[boraki] 15/6/2017 09:29

and American interest rates pulling them down

[freedom97] 15/6/2017 09:19

MKS just following UKX so far today.

[philanderer] 15/6/2017 09:01

15th june Barclays overweight tp 425p

reiterates

[larva] 14/6/2017 15:09

Cor wot a corker

Summer salads flying out the door and HIGH margin

[opodio] 13/6/2017 08:15

We returned £377.5m to shareholders in the year, which included £74.5m in the form of a special dividend. We have announced a final dividend of 11.9p (full year dividend 18.7p, level year-on-year). This will be paid on 14 July 2017

I shall be reinvesting

[philanderer] 09/6/2017 18:17

Retailers Marks & Spencers and Next nursed losses of 6.6p and 76p, respectively, amid fears heightened political uncertainty would translate to weaker consumer confidence.

Telegraph

[boraki] 09/6/2017 10:02

Only down 12% in the last 16 days.

I new this was a quality share

"Cest la vie" people

:-(

[freedom97] 09/6/2017 08:23

UKX now up 1.1%. I heard on radio 4 before that the market is happy with the result as they didn't want a hard brexit.

For some reason the MM's marked down all the food retailers this morning.

[freedom97] 09/6/2017 08:18

Should bounce back later, just the MM's opening many shares down trying to make some dosh, check all the charts above, all with same drop.

[boraki] 09/6/2017 08:10

Yes, but it's not helping MKS today though

[freedom97] 09/6/2017 08:06

£ still a lot stronger than it was in April.

[boraki] 09/6/2017 07:50

UK Pound vs US Dollar 1.2685

[philanderer] 08/6/2017 21:47

M&S boss to pocket bumper £1.6million pay package despite falling profits at the retailer


Read more:

[boraki] 08/6/2017 09:42

Well, we need a miracle to move this up, that's for sure

[opodio] 08/6/2017 09:28

lots of talk of tory landslide this could fly tomorrow

[philanderer] 07/6/2017 08:10

Deutsche reiterating HOLD

[willoicc] 06/6/2017 15:36

"Buy now, wear now"

Why else do people buy clothes?

[freedom97] 06/6/2017 12:03

Perhaps some of 'New Look' and 'Next' customers are now shopping at M&S instead, after all the improvements M&S has made, plus the publicity surrounding it, may have encouraged shoppers to have another look at the new M&S range.

[boraki] 06/6/2017 09:49

New Look Struggles With Shoppers’ ‘Buy Now, Wear Now’ Mentality
by
Eric Pfanner

@ericpfannerMore stories by Eric Pfanner‎06‎ ‎June‎ ‎2017‎ ‎08‎:‎22 ‎06‎ ‎June‎ ‎2017‎ ‎09‎:‎38

• U.K. fashion retailer reports annual loss as sales decline


• Retail environment ‘more competitive than ever,’CEO says

New Look Retail Group Ltd. added to the gloom among Britain’s clothing retailers, reporting a full-year loss and warning of challenging times ahead as online competition increases and shoppers seek instant gratification.

The pretax loss was 16.6 million pounds ($21.5 million) for the year through March 25, the South African-controlled company said in a statement Tuesday. Sales fell 2.4 percent to 1.45 billion pounds, while the New Look brand’s like-for-like revenue declined 6.6 percent.

New Look, which operates 872 stores selling fashion mainly for women and teenage girls, joins other U.K. apparel sellers such as Next Plc and Marks & Spencer Group Plc in the retail doldrums. The chain, majority owned by Brait SE, said shoppers are growing ever more trend-conscious and harder to please.

“The retail environment is now more competitive than ever,” Chief Executive Officer Anders Kristiansen said. “We have seen a growing shift in customer mindset during the year to a ‘buy now, wear now’ mentality, which challenges us to be even faster in identifying and responding to trends, buying with more conviction and becoming ever more agile.”

New Look’s weak results add to the woes of Brait, an investment company whose biggest shareholder is South African billionaire Christo Wiese. In March, Brait said it would not proceed with plans to move its registered office to the U.K. from Malta, citing uncertainty stemming from Britain’s vote to leave the European Union.