Marks And Spencer Share Discussion Threads

[debsdowner] 04/12/2020 08:23

Jeans at £15 is cheap but what is the quality like?

Sports Direct jeans from £10 !

[...]

[johnwise] 04/12/2020 08:10

Men's Jeans at M&S that will wash more than once,from £22.50 In store or online..

[johnwise] 04/12/2020 08:10

Men's Jeans at M&S that will wash more than once from £22.50

[philanderer] 04/12/2020 00:16

You wouldn't know it by the shareprice ;-)

And hats off to those who bought sub 100p .


'UK shopping footfall declines steeply with second lockdown'

[xxxxxy] 03/12/2020 22:21

Let's be honest MKS is not strong enough. Already been job losses. No one wants more.

[xxxxxy] 03/12/2020 22:20

Marks & Spencer has said it will not follow some of the biggest retailers' footsteps in returning business rates relief it received to help support it through the Covid-19 pandemic.The retailer claimed business rates relief of £83.7 million from the government in its first half to September 26 and can also claim for its second half.However, M&S said on Wednesday that the "much-needed support" from the government has provided a backbone to businesses impacted by the pandemic – "including ours".READ MORE:M&S reverses decision to keep stores open on Boxing DayM&S to launch contact-free bra fit service at its biggest stores"It has enabled us to support our colleagues and our suppliers, whilst continuing to serve our customers in what have been incredibly challenging circumstances," M&S said.Big 4 grocer Tesco said it would repay the £585 million it has claimed, putting pressure on rivals to do the same.Unlike Tesco, which has been able to keep all its stores open through the pandemic, M&S has seen most of its clothing & home store space closed for extended periods.In M&S's food division, cafes and hospitality services, which prior to the crisis accounted for about four per cent of food revenue, have been closed, while its franchise business, particularly in travel hubs, has been severely impacted.Trading at M&S's high street and town centre stores has also been hit by the major drop in customer footfall.M&S reported a loss for its first half and did not pay shareholders a final dividend for the 2019/20 year and has said it does not anticipate paying dividends for 2020/21.Tesco said in October it would pay its shareholders an interim dividend.Nonetheless, Sainsbury's announced it would forgo around £450 million of business rates relief granted by the government, while responded by saying it had pledged to hand back the £274 million it had received.Aldi, the UK's fifth-largest supermarket, said on Thursday that it will return the full value of the business rates relief it has received during the pandemic, which is over £100 million.... Retail Gazette

[debsdowner] 03/12/2020 18:04

John Lewis like MARKS refusing to pay back business rates relief:

[debsdowner] 03/12/2020 17:51

ASDA also pays back £340 business rates relief

[killieboy] 03/12/2020 17:45

zztop........... an "inventor" eh! :)

[zztop] 03/12/2020 16:00

I was an inventor in biotech companies years agoAny new drug had to go through 3 phases probably up to 10 yearsProblem was most failed phase oneGulp

[diku] 03/12/2020 15:21

These Vaccines are rushed rushed rushed...are we missing something?...

[zztop] 03/12/2020 12:18

Why pay it back to a corrupt government they will only give it to their pals for some bogus contract..ask matt and his pub manager mate

[debsdowner] 03/12/2020 11:24

Prof Van Tam being far more cautious on corona vaccines and now says the public may need regular vaccines as they do not know as yet how long a vaccine will prevent a reinfection:

[debsdowner] 03/12/2020 11:17

MARKS refuses to pay back £83.7 million business rate relief and that suggests to me they are still struggling



This may not go down well with many people.

[debsdowner] 03/12/2020 11:01

ALDI also repays business rates relief to the GOV

[xxxxxy] 03/12/2020 08:55

The high street has been engulfed in crisis after the collapse of three major employers in a week.The demise of Arcadia, Debenhams and Bon Marche is likely to wipe out 26,500 retail jobs and puts the sector on track to lose 200,000 jobs this year. Experts expect the final figure to be even higher.Labour leader Sir Keir Starmer on Wednesday urged the government to draw up a "comprehensive plan to save retail jobs and to provide the sector with the much greater support it needs through this crisis."Darren Jones, chair of the Business Select Committee, wrote to business minister Alok Sharma on Wednesday, urging him to set up a special task force to address the crisis in the retail sector. Jones called it "a dark week for bricks and mortar retail in the UK."Arcadia, which owns chains like TopShop, Wallis and Burton, fell into administration on Monday. 13,000 staff are at risk of redundancy unless a buyer can be found.READ MORE: Arcadia collapse caps downfall of king of the High Street Sir Philip GreenOn Tuesday rescue talks at Debenhams failed, leaving its 12,000 employees facing almost certain unemployment.Bon Marche's administration followed on Wednesday, putting another 1,500 jobs at risk.The string of collapses has thrown into stark relief the crisis facing the high street. UK retail had already lost over 170,000 jobs so far in 2020, according to the Centre for Retail Research. Big names including Marks & Spencer (MKS.L), WH Smith (SMWH.L), and John Lewis have all announced thousands of job cuts so far this year.?A man walks down a deserted Camden high street in London. Photo: Vuk Valcic/SOPA Images/Sipa USA/PA"This is further evidence of the extremely tough trading environment that the retail industry currently faces," said Tom Ironside, director of business & regulation at the British Retail Consortium. "With rent bills mounting and in-store sales back to zero for those in lockdown, many retailers are on a knife-edge."Physical retail - as opposed to online - has been struggling to compete with digital sales for years but the sector has been dealt a hammer blow by the COVID-19 pandemic, which forced retailers to shut stores for months at a time.READ MORE: Business minister hints at possible investigation into Arcadia collapseShadow chancellor Anneliese Dodds said the "long-term trend" towards online shopping had been "compounded" by the pandemic."The first thing that needs to be done to protect retail jobs is to get a grip on public health," Dodds told an online event hosted by Bloomberg on Wednesday.WATCH: The colourful decades that ended in Debenhams' downfall 0:483:17  Takeovers, scandal and debt - the colourful decades that ended in Debenhams' downfallJob losses so far this year have already surpassed the total for both 2018 and 2019, according to the Centre for Retail Research. The consultancy predicts that over 230,000 jobs will ultimately be lost from the high street his year and said 20,000 shops will shut.Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said the collapse of Arcadia and Debenhams was "the start of a painful shake-out of employment in the retail sector." Tombs gave a similar forecast for job losses.READ MORE: Pressure on Sir Philip Green to fill Arcadia's £350m pension scheme holeThe prime minister's spokesperson said earlier this week the government was "committed to supporting the retail sector" and was "working closely with industry during these very challenging times".Chancellor Rishi Sunak on Wednesday said retailers faced a "tough winter" but said extensions to business rates relief and the furlough programme would help ease the pain. Junior business minister Paul Scully hinted that tax relief could be extended to help the sector. He said the Treasury were "very aware" of the "cliff-edge" when business rates relief ends next April."We will certainly look at that and an announcement will be forthcoming," Scully said in parliament.The retail sector employs almost 5 million people in the UK, accounting for 15% of all jobs.... Yahoo Finance

[xxxxxy] 03/12/2020 08:33

John Redwood@johnredwood·2hI asked Government yesterday to promote home grown food.There are big opportunities as we put in a replacement for the EU policies which have cut our capacity to feed ourselves. The Minister agreed but needs to bring in the schemes to cut those food miles.

[debsdowner] 03/12/2020 08:12

Sainsburys to hand back rates relief after TESCO said it was doing so yesterday and also Morrisons



So this puts pressure on MARKS to do so but as they made a loss they may not do so.

[xxxxxy] 03/12/2020 05:27

Lab-grown chicken could be sold on British supermarket shelves as Singapore paves the wayScientists say a new 'space race for the future of food' is under with the arrival of "chicken bites" made from animal cellsByEmma Gatten, ENVIRONMENT EDITOR3 December 2020 • 12:24am... Daily Telegraph

[johnwise] 02/12/2020 22:47

VIDEO:

President Trump "This may be the most important speech I've ever made"....

[debsdowner] 02/12/2020 16:32

Corona infections on the rise again and deaths up sharply for some time at over 600. Yesterday figures in brackets:



Infections 16,170 (13,430)

Deaths 648 (603)

Admissions 1,191 (1,369)

On ventilator 1,351

[xxxxxy] 02/12/2020 15:02

Food, mostly.... Boris plans Brexit ban on live animal exports: Boris Johnson will unveil a Brexit ban on 'barbaric' live animal exports on Thursday according to the Sun. Under strict European Union Single Market rules that guarantee the free movement of goods, no member states can ban livestock being transported across borders alive. However, with Britain finally cutting ties with Brussels, the process will be outlawed as the PM unveils plans for the legislation tomorrow. Boris has long been a critic of such a trade and now he looks to finally be the man that ends it. One insider told the Sun: "Free from EU red tape, we can now do away with the cruel practice of exporting live animals for slaughter and fattening – setting an example to other countries with our world-leading standards."... GlobalVision

[debsdowner] 02/12/2020 11:11

Hi robot,

Bonmarch'e is also in administration today placing another 1,500 jobs at risk and has 2,225 stores which is more bleak news for the High Street



Sooner or later MARKS will have to close more stores its all online now, otherwise the clothes will be dearer due to expensive store operations.

The Blackpool store was in a busy precinct which is bad fore the precinct as so was Preston.

The malls will be full of closed stores with both Edinburgh Wool Mill and Philip Green Arcadia stores vanishing as well.

[xxxxxy] 02/12/2020 10:40

The only good thing about all closures is less competition for MKS. Sad though. High Street in Revolution, not Evolution.