Marks And Spencer Share Discussion Threads

[debsdowner] 25/8/2020 19:35

Coop making 350 redundant



Interesting article on retail from the FT



Online sales are surging which means the there will be more lay offs in stores too much space in shops and costly to operate.

Town centers will have to shrink there will be less and less people out and about and that is the only way to defeat the pandemic.

Borris wanting people to get out of their houses and get back in the office is not going to work evolution is seeing to that.

[debsdowner] 25/8/2020 19:26

Harvey Nichols news is a big surprise to me as only 4 out of 8 stores actually opened so staff must be on furlough at the 4 other stores. With HN calling in restructure experts the 4 stores not yet opened may never do so and or they reduce space in the stores not opened.



What John Lewis want to do is make some of its excess space into offices, that is OK in theory, but people are now working remotely from home so there is limited appetite for that line of thinking.

[debsdowner] 25/8/2020 19:20

QANTAS

I got the wrong handle on the Philip Green redundancy it seems many employees appear to be getting short changed as his group is basing redundancy on furlough which seems wrong.



One of the other biggest concerns is the pension deficit at over £700 million and which he wants to reduce the yearly figure to try and plug the gap. With retail not making much money at the moment the deficit may not get plugged and is a further worry for employees if the company went bust.

Debenhams is the one to watch at the moment some big retailers will have to go to the wall and Debenhams is at huge risk of being split up and thousands made redundant in the process.

[debsdowner] 25/8/2020 19:05

LIDL is expanding its next day delivery service which started in Ireland and not to be left behind with the other supermarkets all offering delivery.



There is no stopping the robot technology now and delivery services they will become the norm in the next few years, it saves trawling round the shops.

The coronavirus has speeded up home delivery and as I said earlier robots will be picking in vast warehouses next and it will come quicker than some think, and all those people in shops will be few and far between.

[debsdowner] 25/8/2020 19:00

Joe Public increased their returns 25% in July I suspect over worries over jobs



At least 24,000 jobs been lost up July in retail alone



Retail employment falls 45% in August and is expected to fall 51% in September

[debsdowner] 25/8/2020 18:48

More corona cases in food factories



Borris may said to be thinking of masks in secondary schools due to the change of heart in Scotland



In the UK the test will be in the winter but it doesn't look good as they haven't gotten on top of the virus this summer and it will be far worse in winter.

Shops will be almost empty in winter no one will want to risk getting the virus.

[debsdowner] 25/8/2020 17:43

robot

As you know robot technology will be brought into production as fast as it can. TESCO say they have taken on 10,000 pickers well you and I know they used to have pickers in warehouses and robots taken over. AMAZON no longer have pickers its all automated by robots doing the job 24 hours a day they don't get tired or lazy or need the toilet.

I suspect AMAZON will try and lead the way with a massive food warehouse where everything is picked by robots and then packed on the vans and you can bet your life the other supermarkets like TESCO are already planning to do the same.

Its too costly someone wanting a few products and they are all hundreds of yards from one another in the store its not cost effective.

[debsdowner] 25/8/2020 17:33

Supermarkets have taken on 136,000 staff since the pandemic, what a changed world for some.

So lots of these graduates who have done well and spent years without money studying and building up thousands in debt will probably be now stacking shelves for minimum wage or just above, and driving delivery vehicles.



But the 136,000 jobs created is a drop in the ocean with 9% or more of the working population expected to be unemployed.

All those well paid executive jobs at "robot global" now been taken its rumored, its taken a team of people sifting through all the applications and picking out the best.

There may be some jobs left in the fields picking fruit but the strawberry season now almost over and automation will follow.

[xxxxxy] 25/8/2020 17:04

David Burdon25 Aug 2020 4:54PMI've just visited B&Q. Just to pick up a paint sample. What a palaver. Longer queues. Disinterested staff. Arrows directing you. And, worst of all, the masks. I won't be going back in a hurry.1LikeReplyGrant Williams25 Aug 2020 4:51PMI have had a lifetime in retail. Visited Brent Cross Shopping Centre today. The way it is being operated, one way systems, masks, social distancing etc, it is absolutely impossible for any of these retailers to break even let alone make a profit.Things we need we will buy online. The end of impulse buying.  ... Daily Telegraph

[xxxxxy] 25/8/2020 17:02

Retail jobs bloodbath worst since 2009 - with more cuts to come Job losses pile up and sales suffer unexpected setback in gloomy CBI survey... Daily Telegraph

[debsdowner] 25/8/2020 17:02

robot QANTAS

Markets falling again consumer confidence plummets in the US and with it being the largest economy it will affect the rest of the world. Footsie 100 falling to near 6,000 level again.



With regards to the dentist robot everything is being canceled, I have a blockage in one ear and still not able to get the clinic to deal with it. Everything is broken and the GOV don't know how to fix it.

In a few more months the public will be off with tooth ache people have already pulled their own teeth out with pliers as they couldn't afford a dentist what a terrible mess this country is in.

QANTAS thanks for that its doesn't surprise me Philip Green doing that with redundancy and favoring certain staff and the staff will know what his is doing, he has a bad reputation in work practice and the way he conducts business in general, quite a ruthless guy and I guess you know that.

There are very few people today that get where he has got without a ruthless streak.

He made himself rich when he bought BHS for next to nothing if I recall and when the company made its first profit paid himself a whacking billion pound dividend which stripped the company of cash in later years.

[robot ic1] 25/8/2020 11:19

My dentist cancelled my routine 9 month appointment today .


This is a big worry for everyone now ,as their nashers will be rotting away without dental checks .

Not to say bad breath , and pain .

Its a poor do and the NHS is in a failing state, and long term in my opinion is doomed

[qantas] 25/8/2020 11:13

Good morning Robot and debsdowner.

The owner of Topshop and Topman has been accused of potential breaching employment law by offering staff being made redundant less favourable terms for their notice periods, linked to the government's furlough scheme. Sir Philip Green's struggling Arcadia Group, which also owns Miss Selfridge, Evans, Wallis, Burton and Dorothy Perkins, is making up to 500 head office staff redundant after a slowdown in trade during the pandemic. - Guardian

[robot ic1] 25/8/2020 11:05

zztop,

I am giving them a fair chance, every business needs a fair chance to properly repair .

Unfortunately I think it is irrepairably broken and is on the inevitable slippery slope .

[robot ic1] 25/8/2020 11:00

So the staff in Marks will be like sideways yo-yos

Back and forth .

They will live that .

[zztop] 25/8/2020 10:55

Debenhams 12 months.that longWow12 weeks

[debsdowner] 25/8/2020 10:54

robot

We discussed this water business the other day, we Brits are surrounded by water and when it rains it rains and when its dry all hell breaks loose because of the nat brained GOV.

Then you have half the world in drought and the same thing been going on for decades.

Well footfall been up the last week but are people going to que round the block when its throwing it down ?

The answer is no !

All these managers in MARKS will be telling floor staff in fashion now move to food and they will go to food and there will already be food assistants putting things in shelves and the manager on food will say go back to fashion there are enough people on food.

[robot ic1] 25/8/2020 10:39

Good windy and rainy morning, Qantas and Debsdowner.

70 mph gales ,

More water than we want.

Shoppers staying away from the shops .

No asylum boats on the choppy sea from France .

1 in 6 patients caught covid 19 in hospital .

Do not go to hospitals is best advice .

More jobs going every day of the week .

Debenhams will fold in my opinion , give it 12 months at best .

[debsdowner] 25/8/2020 10:07

Consumer spend rose 7% says a recent study but part of this would be pent up demand the public desperate to get out and using the money saved on entertainment, petrol and train fares and also on clothes while locked inside.




One swallow doesn't make a summer!

On a more bleak news talks are still going on with Debenhams facing yet another administration and over thousands of jobs at risk.