Marks And Spencer Share Discussion Threads

[xxxxxy] 26/9/2020 08:52

Russell David25 Sep 2020 2:24PMRetail staff are being literally suffocated by the govt, being forced to wear masks before their jobs disappear.Ming the Merciless could not have done a better job at destroying a society than Boris Johnson is.... Daily Telegraph

[xxxxxy] 26/9/2020 08:51

Keith Mclachlan25 Sep 2020 8:58PMThe furlough and job support schemes were and are a fundamentally flawed attempt by a trainee chancellor to make water flow uphill.It was fairly clear from the outset of Covid that contraction in the more parasitic elements, including the death of zombie companies and retrenchment of unproductive employees was inevitable.Having spent nearly £400B in a misguided policy of supporting an economic model that was inevitably doomed the country now has neither the resources or a plan to restructure it.... Daily Telegraph

[xxxxxy] 26/9/2020 08:48

More than a million workers face being handed redundancy notices next week as firms race to slash staff costs before the taxpayer-funded furlough scheme comes to an end.... Daily Telegraph

[debsdowner] 25/9/2020 22:29

Next

Lord wolfson warned there are lots more job cuts needed in retail. The full impact of UK job cuts won't be known for a couple of months.

The new job retention scheme won't guarantee all jobs where business is struggling.?

[debsdowner] 25/9/2020 16:41

Coranevirus cases spike again:-

Positive cases 6,874

Patients in hospital 1,616

Patients on ventilator 243

[xxxxxy] 25/9/2020 16:34

Lockdown is becoming LOCKUP.

[debsdowner] 25/9/2020 16:32

So it is.

All was foreseeable as the infections rise so does the economy falter.

[philanderer] 25/9/2020 16:30

Oh dear, it's a sad state of affairs here now.

JEEZ that's -16% on the week!

[robot ic1] 25/9/2020 11:27

Debsdowner , You know whats what ,Its. new time ok ,its now down down down.plunge down .


penny shares now .


We know the score debsdowner and I .

[xxxxxy] 25/9/2020 10:55

Not for me. Still in positive profit.

[xxxxxy] 25/9/2020 10:52

?Brits staying at home during lockdown has had an effect on what types of goods they are buying. Photo: GettyMoreUK retail sales grew at their fastest rate in 18 months after volumes rose between April and September.According to the Confederation of British Industry's (CBI) latest monthly Distributive Trades Survey, grocers were the driver of the expansion in sales with a majority of food stockists reporting rocketing revenue.The survey of 123 companies, including 56 retailers, is a key barometer on how retail sales are faring across the UK."The latest results suggest that the recovery in retail spending over the summer months has continued into September, which is welcome news, but retailers appear cautious over the near-term outlook," said Ben Jones, CBI principal economist."The data highlights that there have been clear winners and losers within the retail sector as spending habits have changed. While some sub-sectors are thriving, others are still facing desperately difficult times."With social distancing measures tightening again, those working in the hardest-hit sectors will be fearing the worst. It's clear that targeted support measures will be needed to ensure that viable businesses can emerge intact on the other side of this crisis."READ MORE: Brits rushed to buy new sofas as soon as COVID-19 lockdown liftedThe coronavirus pandemic has had an unprecedented effect on the retail sector due to nationwide lockdowns and heavy restrictions and rules around trading to keep citizens safe. For months, people have been staying at home with movements restricted to activities that are deemed as vital - such as for grocery shopping and visiting the doctor or pharmacy.Brits staying at home during lockdown has also had an effect on what types of goods they are buying, other than the essentials like food:Sales of household furniture were 39% higher than normalDIY & hardware sales were up 20%Groceries were up 10%This falls in line with recent company reports that showed people are focusing on their living arrangements more than ever.The boss of DFS Furniture (DFS.L) said that Brits rushed to buy new sofas as soon as the strict coronavirus lockdown measures were lifted in the UK, leading to a "significant proportion" of profit recovery in the last few months. Kingfisher (KGF.L), owner of DIY giant B&Q, also reported a surge in pre-tax profit and online sales as Brits rush to renovate their homes amid the coronavirus pandemic.However, as fewer people are going out and socialising, sales of clothing were down 40% and department store sales were down 23%.READ MORE: Pound depressed ahead of UK chancellor unveiling jobs protection plan"Other survey results showed a slowdown in internet sales growth to below the long-run average, with growth expected to ease further next month. Orders placed upon suppliers fell for the 11th consecutive month, albeit at a slower pace than in August, and are expected to fall again next month," said CBI's Jones."Meanwhile, wholesalers reported their sixth consecutive month of declining sales volumes, and at a sharper pace than last month. Motor traders, however, reported their third consecutive month of sales growth, although this was slower than in the year to August."Times are set to get tougher for retailers as the government announced a number of new measures to help mitigate the spread of coronavirus.... Yahoo Finance

[philanderer] 25/9/2020 10:19

The boss of one of the UK's most successful and resilient High Street chains has told the BBC that hundreds of thousands of traditional retail jobs may not survive in the wake of the coronavirus crisis.

Lord Wolfson, who runs clothing firm Next, said there was a clear threat to thousands of jobs, which are now "unviable" because the lockdown has triggered a permanent shift to online shopping.


BBC

[debsdowner] 25/9/2020 09:23

Could mean a new time now we have more UK restrictions.

[davidtil] 25/9/2020 09:17

Best to leave the M&S fruit cake then !

[xxxxxy] 25/9/2020 09:01

Lovely day in Wales.Marks good.Will add to holding if goes sub 75p.Brimming with confidence about MKS

[debsdowner] 24/9/2020 17:34

Robot to true, now £ has been breached holders need to Cut the rot.

Things have changed again for retailers.

The pm says work from home where possibe, which means less shopping at lunch for snacks and other stuff.

All this is damaging for bricks and mortar stores who rely on footfall.


It was quite foreseeable the virus would get worse and affect retail stocks.

[waldron] 24/9/2020 16:49

Real-time Estimate Quote. Real-time Estimate CHI-X - 09/24 04:30:00 pm

97.07 GBX -3.36%

[robot ic1] 24/9/2020 12:31

Autumn is the time to prune hedges and sling out in the garbage bin .

lots of work ongoing with my company and my castle and grounds .

so off to the bin for you .

[montyhedge] 24/9/2020 10:50

You have to much time on your hands, get a life.

[robot ic1] 24/9/2020 10:44

Short poem of the day

I am sorry I have the awful dreaded flue ,
Borris and his lot has not got a clue ,

Your share money on fire and in smoke up the flew ,
Backward Nats brain investors were warned what to do.

[robot ic1] 24/9/2020 10:31

not so wise Jonny , your such a numpty numpty

[philanderer] 24/9/2020 10:19

And even less convinced today.