Marks And Spencer Share Discussion Threads

[xxxxxy] 20/8/2020 19:04

Lockdown proved that more of us want to buy BritishA growing interest in local produce and concerns for animal welfare have been highlighted in a report by Waitrose, writes Tomé Morrissy-Swan.In a relatively short space of time, the coronavirus pandemic has drastically altered the way we eat and shop for food. And no wonder, considering millions of Britons were largely confined to their homes for two months before restrictions slowly began to ease. There have been several well-documented shifts in our eating patterns and preferences. An interest in baking shot up; comfort foods became more appealing. Home-cooked lunches replaced the sandwich-on-the-go. And a significant uptake of online shopping among older members of the public has naturally emerged, as fears of contracting the virus still keep many away from shops. But perhaps the sharpest spike has been a keenness to buy British, and in particular, British meat. In a report released today by Waitrose, the supermarket registers a 289 per cent year-on-year rise in searches for "British chicken" on Waitrose.com; "British beef" soared by 889 per cent.....Daily Telegraph... Think this applies to Marks too.

[debsdowner] 20/8/2020 18:36

MIKE Ashley warns of House of Fraser store closures unless GOV can reduce rates



His upmarket Flannels group has increased sales from £152 million in 2018 to £722 million but profits a miniscule £4.4 million.

Aa for wanting a reduction in rates the GOV got to get the money from somewhere if its not on business rates it has to be raised somewhere else.

Ashley also looking at Debenhams on a store to store basis.

[xxxxxy] 20/8/2020 18:16

Something for Marks to mull over. Probably have....Mike Ashley's retail empire Frasers is to plough £100m into online expansion and open stores in shopping centres as it seeks to profit from the collapse of high street rivals.The business - which owns brands including Sports Direct, House of Fraser and Flannels - is seeking to ramp up internet sales and snap up space on the cheap for high-end shops following a host of industry failures.Frasers will also close more of its 1,534 stores if they are unable to turn a profit as it seeks to focus on the best-performing areas.The company remains wedded to bricks and mortar at a time when many rivals are being forced to drastically slim down, but also wants to conquer more of the digital market.... Daily Telegraph

[debsdowner] 20/8/2020 18:03

Northern Ireland tightens coronavirus restrictions

[debsdowner] 20/8/2020 17:31

Oldham Council seeks voluntary redundancies

[debsdowner] 20/8/2020 16:53

UK footfall up highest since March but still well short of same time last year by 32%.

"Separate ONS data showed that 12 per cent of the UK workforce was on furlough leave in the two week to 9 August. That was down from 14 per cent in the two weeks to 26 July."

Online jobs adverts fallen however

hxxps://www.cityam.com/uk-economy-footfall-32-per-cent-below-a-year-ago-while-job-postings-fall/

[debsdowner] 20/8/2020 16:20

Coronavirus positive test last 24 hours 1,182; 6 people died, 867 in hospital and 70 on ventilators; 97 patients admitted.

[debsdowner] 20/8/2020 16:12

More job cuts:

Bus manufacturer Dennis to cut 650 jobs in Falkirk



Estee Lauder to close shops and counters and between 1,500 and 2,000 jobs worldwide



"In a financial update today, Estée Lauder says it expects to axe between 1,500 and 2,000 roles globally, or around 3% of its workforce.

It added that these cuts will mainly impact shop staff and other roles that were disrupted by Covid-19.

The beauty chain is also in talks to close between 10% to 15% of its shops and counters worldwide.

Estée Lauder hasn't said how many UK jobs or stores will be affected - we've asked the retailer for more information.


The retailer owns concessions in stores such as Boots, Debenhams and House of Fraser."

[debsdowner] 20/8/2020 15:55

ONS says 1 in 10 businesses at risk of collapse

[debsdowner] 20/8/2020 15:01

US new jobless claims rise over a million again and US markets falling in response.

[debsdowner] 20/8/2020 14:49

George Michael's x arrested for hitting cars with hammer, he has probably lost it having not been given a penny out of GM's estate and turfed out of his properies.

[xxxxxy] 20/8/2020 12:36

MKS.. Going up... The UK is starting to gear up again... Info from Daily Telegraph.Whatever will add to holding if goes sub 79p

[debsdowner] 20/8/2020 11:46

Waitrose says Brits doing grocery online is irreversible



Ted Baker sees a top director resign after less than a year in the job

hxxps://www.retailgazette.co.uk/blog/2020/08/ted-baker-global-wholesale-partnerships-director-steps-down/

Directors aren't going to last long in this environment someone has to get the blame, I am surprised the top man at Marks not resigned but if he had the share price may have tanked even more due to uncertainty.

[debsdowner] 20/8/2020 11:37

TJ MAXX the latest to declare a loss of £160.8 million and although the stores saw a boost after lockdown easing, sales in the third quarter are slowing down again

"However, sales began to slow down and the company is now expecting sales in reopened stores to drop by 10 per cent to 20 per cent in its third quarter."



With HSBCC seeing the UK economy shrinking 10.5% this year and more and more job losses to come, it may be the case that MARKS will have to be downgraded again. The company has too much space for clothing, they have already admitted people working fro home is hitting suit and formal wear the world is changing quicker than they can change.

As for food well they may have had a boost but its ever so competive now and margisn will be under pressure all players will struggle.

[debsdowner] 20/8/2020 11:20

HSBCC

Stock markets tumble after HSBCC disagrees with BOE of a 7.8% decline this year, they are forecasting a much grimmer outlook at -10.3%

[debsdowner] 20/8/2020 11:13

EsyJet base will bring hardship and missery



Jet2 sees 102 pilot job cuts

[debsdowner] 20/8/2020 10:30

Yes and never ever been on a private jet flowing with champagne and served with dishy air hostess wearing the most flimsy outfits.

This is something only dreams are made of.

[debsdowner] 20/8/2020 10:24

robot

Jobs are being cut left right and center. Pay is lower than inflation and in many cases cut. Dividends are being cut and stock markets now looking toppy.

Apart from "global incorporated "who as you know you being at the helm in all the right areas i.e. derivative trading, gold, silver, platinum, wheat, residential and nursing homes, farming and all agriculture, people renting, property and rentals including PPE particularly "Bill & Ben" clay face masks etc.... wow because I would have to go on and on and on so limited for space.

Oh and water dehydration and filtering which is important as half the world got too much water like parts of the UK when it is throwing it down and we are also surrounded by water and then half the world like Africa got no water.

Now I am forgetting the purpose of this post oh yes now I know, I think some of these nat brained investors past redemption and even though RGC ( robot global corporation) is able to employ lots of out of work Brits some don't deserve a second chance.

Of course as your missus has said me being the favorite one I would be delighted to stay at one of your luxurious places around the world including a small stay on your island in the sun somewhere at a secret destination only the privileged people and world states people know about, and which is heavily guarded day and night.

[robot ic1] 20/8/2020 10:13

Gold price on august 7th August 2020.......9ct.....£1,574.37.

Gold price today 20th August ...9ct...£1475.00 fluctuating .

So if you sold your gold at the all time high ever on the 7th august like me you would be loads a money in hand.

Life is so good with research .

Gold is king ...£ is Pauper .

.

[debsdowner] 20/8/2020 09:48

QANTAS

Hardly any company paying dividends now which will hit people reliant on dividends.