Marks And Spencer Share Discussion Threads

[debsdowner] 18/8/2020 12:50

LIDL & ALDI still far cheaper than TESCO according to WHICH and there is only pennies difference between ALDI & LIDL.

"Research released by Which? in July showed customers doing a full shop at Tesco will currently spend £19.98 more than when shopping at Aldi."

Seems TESCO advert to lower its prices to ALDI isn't working and possibly misleading.

[debsdowner] 18/8/2020 12:00

The attention seeking Redknapp's flaunt the press again



He has unfollowed his ex due to her posing on holiday and she claim to know about all about lifes problems.

The real truth is if they were that happy they wouldn't be craving attention as they are !

All that money as still unhappy.

[debsdowner] 18/8/2020 11:47

Grocery sales dipped in 12 week period says KANTAR with some surprising moves

[debsdowner] 18/8/2020 11:31

MARKS largest job cuts in retail and food sector so far, if Debenhams closes completely it could be double MARKS



The bulls were wrong about trading in shops improving and way out at that. The only consolation is the food improving and that will take a small percentage of clothes space.

The analysts have yet to have their full say as yet so the share price could go anywhere.

[philanderer] 18/8/2020 11:28

Agree alex, fingers crossed :-)


Good summary here:

"Coronavirus: Shopping may never be the same, says M&S"

[debsdowner] 18/8/2020 11:26

robot

What is the "red box" in any event, sounds like a Dr Who to me.

[alex1621] 18/8/2020 11:25

There will be new online retailers in the future, ones that haven't been invented yet. Not only are they late, but they don't exist yet. If M&S execute well I don't see why they can't succeed.

[philanderer] 18/8/2020 11:13

"Sharpening the workforce and throwing weight behind the online business makes sense, the question now is whether M&S's digital dawn is simply breaking too late," commented Hargreaves Lansdown analysts.

Alliance News

[philanderer] 18/8/2020 11:07

Morning free, that's really good news.

It's going to have to reinvent itselfnow in the 'new normal' . It will have lost a stack of it's office lunchtime/evening 'food to go' trade with hardly any city centre office workers.

This Ocado set-up just has to work.

[grupo guitarlumber] 18/8/2020 10:38

INTERNETRETAILING.NET

M&S cuts 12% of shopfloor workforce, as online demand grows nearly 40%


18 Aug 2020
by Paul Skeldon

M&S: in-store job losses off the back of increasing online sales

M&S sees online sales rocket, hastening 'Never the same again' restructuring plan that will cut workforce by 7000

Marks and Spencer is to cut 12% of its in-store workforce, along with some head office and regional roles, as online sales surge by nearly 40%.



The latest round of 7000 job cuts come just weeks after the Elite RXUK Top500 research retailer announced 950 redundancies.



The retailer, however, reports that online remains strong seeing growth of 38.9% in the 19 weeks to 8 August compared with the year before, with clothing and home revenues down by 49.5% and food by 1.1%. The company stressed that, while sales in-store have been hit hard, they are ahead of the scenario initially predicted by the retailer back in March.



M&S says that many of the redundancies will be voluntary or through retirement, while new jobs are being created as it invests further in online and delivery. It has also said that its streamlining plan – Never the same again – is now reaching a conclusion and the company is increasingly managing to work more flexibly, moving staff between departments.



Chief executive Steve Rowe commented: "These proposals are an important step in becoming a leaner, faster business set up to serve changing customer needs."



M&S’s latest round of job cuts brings the total number of retail redundancies in the UK due to coronavirus to around 30,000.

[freedom97] 18/8/2020 10:27

The online sales doing well:

"Online Clothing & Home sales have performed strongly since the start of the year with an additional 1.9m new customers. In the last 8 weeks, online sales have represented 41% of our total Clothing & Home sales."

An additional 1.9m new customers!

[philanderer] 18/8/2020 10:19

"7000 jobs to go "

That's gone down like a sack of sh1te along with a pi$$ poor trading update :-S


Russ Mould of stockbrokers AJ Bell says M&S needs the Ocado deal to work, fast:

“The company should thank its lucky stars that it has a successful food arm, as that has helped to prop up trading during a very difficult time. Its clothing and home interests have struggled in the face of serious headwinds as demand fell off a cliff for office dressing and formal wear.

“The next big test for Marks & Spencer will be the imminent launch of its supply deal with Ocado for UK online food orders. A lot is riding on this joint venture being a success and further accelerating growth in Marks & Spencer’s food sales.

“This is the retailer’s chance to play catch-up with the online channel and failure to meet expectations could be disastrous for both management and the company’s already fragile share price.

“Marks & Spencer has been in turnaround mode for a long time and a lot of its effort has been spent trying to fix things rather than come up with new ideas. The Ocado deal is different as it is new territory for the group. Getting this venture off to a strong start could fuel optimism that the retailer is still capable of moving with the times rather than sinking into quicksand.”

[careful] 18/8/2020 10:16

Are you suggesting that China created and spread this virus deliberately?

Braking the American economy and killing all of those people.
Come come, pull yourself together.

If so it would be a lesson to Trump never to declare economic war on those smarter than himself.
(about 6bn people worldwide.)

[johnwise] 18/8/2020 09:56

VIDEO

Economist Destroys China - Calls Coronavirus An Act of War

[xxxxxy] 18/8/2020 09:51

Delphian Contrasts 18 Aug 2020 9:32AMMuzzles is the single reason we have stopped shopping in shops. No trip to Nottingham where we would go to M&S, John Lewis, HOF, clothing and shoe shops and a restaurant for lunch. And coffee shops. All lost the as we refuse to be suffocating in muzzels.Same for our local shops. .. Daily Telegraph

[careful] 18/8/2020 08:56

At last Mks are reducing overheads.
A battle for survival.

There must be a chance here. Not everyone will want to shop online after this plague is over.

[johnwise] 18/8/2020 08:55

He is a symbol of everything that is wrong with this country Uneducated, ignorant.


robot ic1 18 Aug '20 - 08:45 - 6148 of 6149 (Filtered)

robot ic1 18 Aug '20 - 08:47 - 6149 of 6149 (Filtered)

[robot ic1] 18/8/2020 08:47

Marks Plummiting down ,down down .

[robot ic1] 18/8/2020 08:45

Williamson to go back to school

[pastybap] 18/8/2020 08:45

My friend's wife is a lower level manager for M&S, so it was just a one-off piece of inside information (outside trading hours of course).Shame for most of the 7000 due to be laid off, though I'm sure there are also plenty like her looking forward to a reasonable redundancy payment.I won't be posting on here again, as hold no position or interest in the shares. Good luck to all holders though- this news can only be positive for the long term share price.