Marks And Spencer Share Discussion Threads

[kreature] 04/11/2020 07:59

However, M&S does anticipate that demand for more formal clothes and occasion-wear will return, it said in a statement......

Why would anyone need formal clothes if they’re all working remotely?

[xxxxxy] 04/11/2020 07:24

Also on Advfn MKS News button.

[xxxxxy] 04/11/2020 07:20

Half-year ReportRNS Number : 1639EMarks & Spencer Group PLC04 November 2020Marks and Spencer Group PlcHalf Year Results For 26 Weeks Ended 26 September 2020"ROBUST PERFORMANCE IN UNPRECEDENTED TIMES AS TRANSFORMATION ACCELERATES"Robust performance in the face of Covid·      Food adjusted operating profit up 19% as the Group mitigated hospitality/franchise closures: Total LFL up 2.7%, ex. hospitality up 6.6%·      Ocado Retail revenue up 47.9% and growth in profitability. M&S H1 share of net profit £38.8m·      Improving C&H performance post spring lockdown: Revenue decline of 61.5% Q1; 21.3% Q2·      C&H online sales up 34.3% and market share grown, now #2 in the market·      Strong sell through of surplus stock. £8m raised for NHS Charities through 'Rainbow Sale'·      Adjusted operating profit of £61.8m and free cashflow of £77.6m·      Net debt reduced, substantial liquidity with £1.4bn of cash and available facilities·      Group revenue down 15.8%, adjusted loss before tax of £17.4m and statutory loss before tax of £87.6m

[debsdowner] 03/11/2020 19:17

Robot, riots?

[robot ic1] 03/11/2020 17:03

Debsdowner we could have a all colour Friday .
So know arguments on this one .

Hammering down tomorrow .

Trump 42% Biden 58%, thats the cake slice of this election

[debsdowner] 03/11/2020 16:39

No more dealing now market closes the share price ticked up on close which doesn't mean an awful lot. I suspect the share price will see more volatility tomorrow and be all over the place and a possibility of a large move either way.

In the meantime UK terror threat is rising and this will have another impact footfall.

[xxxxxy] 03/11/2020 15:46

Another snippet about Retail.Elizabeth Schumann26 Oct 2020 12:40PMThere is much fraud going on with online orders. A friend of mine ordered a mobile phone to be collected at the Post Office. He had the wits to open the parcel then and there in front of the Post Office employee who handed it over to him. Inside were 3 small cartons of orange juice and no phone. So the fraud was committed by someone at the Post Office. But if he'd taken it home and opened it there, he could never have proved that he didn't receive the phone. 34LikeReplyCanute Turner26 Oct 2020 12:51PM@Elizabeth Schumann I ordered a book from Amazon, using the collection lockers. When I opened the locker the package had clearly been opened, luckily they didn't want a book on painting with water colours. I can't help thinking that if the contents had been a blu-ray disc or a phone I'd have had an empty box and no proof whatsoever. Never again.

[xxxxxy] 03/11/2020 15:36

Snippet from Daily Telegraph.Bel Grant29 Oct 2020 5:00PMThe answer is to never buy from fast fashion retailers, especially online (not ever). Not only are the clothes poor quality and last only a couple of washes, they add hugely to our landfill problem. It is also obvious that cheap, throwaway clothing attracts the poorest sectors of society and those willing to appropriate dishonestly by claiming goods hadn't arrived when they had or trying them on, wearing them and then returning them. Also, sizing is not standardised in the UK. A size 14 on one site might be a 12 on another site. You might also find that a retailer that seems to be British based is anything but British based. A careful look at their refund policies you will  find no return address at all or find out it is somewhere in China and that you have to pay for  your own return postage which is likely to cost more than the item did. Online shopping for clothing and footwear you have not tried on already from a High Street outlet is asking for trouble and will often take longer and be a more frustrating experience than just visiting the shop, trying on before you buy and then purchasing it knowing what you are getting is what you need and want. You are also helping to keep retailing standards high too by supporting outlets that treat staff well. We all know that doesn't happen in these giant warehouse companies - mentioning no names - but a clue is the South American river. 

[debsdowner] 03/11/2020 15:29

MARKS share price looking for a fall before close as I expected. Settling positions just before close but the share price is looking volatile.

[debsdowner] 03/11/2020 15:13

MARKS have just launched a "book & shop" so customers don't have to que. I suppose its OK in theory but I think most people have learned their lessons from first lockdown and there are not as many empty shelves.

I went to a couple of different shops yesterday, a large ASDA and LIDL and neither had ques or shortage of food on shelves.

This lockdown isn't as strict as the last lockdown where most people were told to say in doors so stocked up with food.

Furthermore more people are shopping online so less people are actually visiting in stores.

It is a positive move but people could be booking a slot when all they needed to do was just walk in at a time when its less busy.

[sick of it] 03/11/2020 13:29

It's looking really good for MKS even in the midst of pandemic. Even better once vaccine is out and crisis starts easing off

[johnwise] 03/11/2020 12:49

Tucker: Trump is an indictment of America's ruling class

VIDEO

[paulof2] 03/11/2020 12:43

Exactly debs. I’m expecting a loss don’t get me wrong.

However I think it has a lot going for it. Ocado performing very well for one. The main driver on the share price is the problem with clothing sales etc I think if we saw even a little improvement in the past few months which I believe we have then it will be enough to propel it tomorrow.

You don’t need to be making a profit to rise in this market.

Will check in here tomorrow good luck all.

[smurfy2001] 03/11/2020 12:25

You'd have thought MKS would be doing better given the Ocado results.

[debsdowner] 03/11/2020 12:11

ONS say deaths are 10% higher than normal due to coronavirus>

[debsdowner] 03/11/2020 12:06

PRIMARKS say " pyjamas in suits out" as people are buying less formal wear while most people are working from home.



This wont change soon as many offices have realised they can work just as effectively from home and the more people work from home the less clothes people will buy.

[debsdowner] 03/11/2020 11:58

robot, "All the Kings Horses and All the Kings Men, couldn't put humpty dumpty back again !

[robot ic1] 03/11/2020 11:32

Debsdowner ,What a crackpot is the right word .

Casey and Humpty numpty might be same poster .

you have to laugh at this below .

Debsdowner

look at these 3 posts of Humpty numptys.

Post 578 ,wish I was in M&S!


Post 578,and there are M&S retailers - A slice of 140 year old British history for under £1 ?? - Sign me up for some more as I'll just keep accumulating.

Post 736,I don’t have M&S equity as I sold at 135 and 111.

This says it all .HaHaHa ,Laughing stock

wish in m/s ,

keep accumulating .

sold .

Talk about a clown .

[debsdowner] 03/11/2020 11:32

AMAZON asked to withdraw its "Black Friday" discount advertising in France as they say its unfair to retail business in France which has to lockdown:



So why doesn't the GOV do that here?

Get your finger out Borris !

[debsdowner] 03/11/2020 11:24

paul,

The analysts are forecasting a loss in the first half but of more interesting will be how they have fared since the last statement, and whether they will have to close more stores and exceptional items.

I suspect the outlook statement may be difficult now due to more lockdowns which will have an impact on clothes stores.

Last but not least share price could be jittery as Dow opens and half an hour before close tonight settling positions.

[paulof2] 03/11/2020 11:05

In my eyes here there is a lot already baked in to the price. As is the case for the market in general - look at ABF yesterday majority of business made up of primark stores with no online component. Lockdown for month and 350m lost sales and yet the share price remained flat as another lockdown already factored in.

I’m sure it is the same here which is why the share price didn’t move on the news. An outlook which states lockdown is bad will have no impact on the price in my eyes because it’s not new information. We know that already and the price has held up well.

I’m interested to know how they actually have been performing for the past few months. They may still be operating at a loss but I believe they have been trading a lot better than expectations which I think will demonstrate after this next lockdown there is green shoots appearing.

A big expectation beat for the quarter would not surprise me at all and I think will offset the impact of another lockdown that we already know about.

I’m not saying they will be making a big profit, but quite frankly they don’t need to for the share price to rise. An update that is not horrendous will do it, even if it still isn’t great.