Marks And Spencer Share Discussion Threads

[robot ic1] 08/1/2021 17:51

Qantas same to you and we will have a ball of a weekend .

[qantas] 08/1/2021 17:17

Robot and debsdowner wishing you both a pleasant and safe weekend.

[robot ic1] 08/1/2021 16:58

Debsdowner and Qantas

Latest deaths in the uk 1325. highest ever in 24 hours

positive tested with coved 68,053 most ever .

NHS at breaking point.

London in a critical state .

waggons being told they cannot trade there Caro due to Paperwork not correct .

We are imploding in the UK.

We told the numptys on here things would get a lot worse .

No point buying clothing when there is nowhere to go .

Food , chemist items , gas , electric and some fuel ,is all we need to survive.

Bill and Ben masks are awaiting for them without masks .

1 in 10 will pass the virus onto us .

London virus out of control .


Just short of 80,000 had died to covid.

Air raid shelter time .

[johnwise] 08/1/2021 16:58

Come over to the UK Mr Trump. We have nothing but wimps over here with zero backbone and no idea what to do or the sense to stop going around in circles and getting nowhere..


Trump says WON'T attend Biden's inauguration

[debsdowner] 08/1/2021 16:04

Latest covid data:

52,618 positive tests

1,162 deaths

3,600 admissions



GOV data may be wrong SKY news says 68,053 positive cases which makes it the highest yet



Home GOV website data wrong the correct data as SKY has said above and here on the GOV website on a different page.




Positive infections now extremely worrying.

[xxxxxy] 08/1/2021 15:38

Marks & Spencer must follow Next to fix its clothing catastropheM&S's struggling division is denting the retailer's hopes of coming back into fashionBEN MARLOWCHIEF CITY COMMENTATOR8 January 2021 • 12:40pm?In a world of great uncertainty, some things remain reassuringly constant. As sure as night follows day, Marks & Spencer seems destined to remain a business of two halves with wildly contrasting fortunes. Food always does well while clothing is locked in a permanent struggle, and the crisis has exacerbated that trend. Essential retailer status has helped prop up sales - but only to a point. With many of its stores stuck in empty town centres and petrol stations, its popular cafes closed and additional coronavirus restrictions strangling high street footfall, M&S can't boast of the same bonanza enjoyed by the supermarkets. That largely explains its decision to hang onto the Treasury's business rates freebie when the grocers and other retailers allowed to stay open have handed the relief back. Both M&S and the Co-op argue that only parts of their business have remained open - food in M&S's case, whereas its clothing aisles are cordoned off from customers.It's a fair distinction so why not take Sainsbury's approach: split the pot, keeping the relief for the parts that remained shut, and return the difference?The argument that it's much harder for M&S to separate out food from clothing because they generally share the same store isn't entirely convincing.M&S lags behind Next's performanceFrom 6 Jan '20 to 8 Jan 12:33:05FebAprJuneAugOctDec-60.0%-40.0%-20.0%0.0%20%? Marks & Spencer Group PLC: 213.1 ? 138.9-34.8%? Next PLC: 6944.0 ? 7604.09.5%More share information on Its home and clothing arm has gone backwards at an alarming rate, with sales slumping 25pc in the 13 weeks to Boxing Day, following a 21.3pc fall in the previous quarter. And over the four weeks between November 5 and December 1 when extra coronavirus restrictions were introduced in England, turnover plunged 40pc.The opposite is true of the famous M&S food halls. Strip out the impact of its cafes being forced to close, and food sales grew a very respectable 6pc. Viewed over the festive period and turnover matched that of the big supermarkets with an 8.7pc jump.Early signs are that a tie-up with Ocado, which was met with widespread scepticism, is doing well but until M&S is able to provide financial figures for the venture, it is hard to form a proper picture.The Christmas period proved lucrative for Britain's grocersFixing clothing remains the biggest challenge facing Rowe. Online is finally picking up some of the slack from woeful high street trading, but there remain serious doubts about whether an old-fashioned chain like M&S can ever be a real force in home shopping. It is reportedly in pole position to snap up fashion brand Jaeger, but that is unlikely to be the answer to its troubles. Repeated insolvencies and restructurings of the womenswear label will inevitably have taken their toll.Besides, one brand does not suddenly make for a knockout collection. M&S's loyal female customers complain that the old problems with sizes, stock, and dowdy styles haven't gone away.The only way a deal could prove to be genuinely meaningful is if M&S plans to mount a serious challenge to Next's highly successful model of selling third-party brands. Don't bet against it. M&S chairman Archie Norman is a big fan of what Lord Simon Wolfson has achieved at its great high street rival.... Daily Telegraph

[debsdowner] 08/1/2021 14:18

Job Losses in US worse than forecast

[debsdowner] 08/1/2021 14:06

More analysts have their say



Hargreaves Lansdowne

[philanderer] 08/1/2021 14:03

Thanks to Ocado, Marks and Spencer has put in a decent performance in this most terrible of times

M&S has been managing its stock well in unprecedented disruption

[debsdowner] 08/1/2021 13:58

pdosullivan,

I wouldn't risk 100k at the moment on the bond.

On the covid front 1 in 4 testing positive for the virus and London declares a major incident

[pdosullivan] 08/1/2021 13:07

Hi Careful. The 2026 bond (Isin XS2258453369) has a 3.75% coupon. From Bloomberg I can see that the mid-yield on it this lunchtime is 3.26%. Just to mention also that the minimum size is £100k.

[debsdowner] 08/1/2021 12:34

BBC

"Multi-brand shift
On the positive side, M&S said its tie-up with online firm Ocado had produced "very strong" results, while customers had responded to its "innovative seasonal product" during the four-week run-up to Christmas.

Ross Hindle, retail sector analyst at Third Bridge, said: "Despite the pressure faced by their clothing division, the M&S food division is expected to deliver solid results, propelled by both stockpiling and its Ocado partnership.

He pointed to reports that M&S was poised to acquire the Jaeger clothing brand as a possible way forward, saying it "hints at the potential for a more aggressive shift into the multi-brand space".

"M&S have numerous large stores which could be filled with non-M&S merchandise in order to drive their top-line. The risk here is whether such brands might cannibalise M&S branded products," he added.

Emily Salter, retail analyst at GlobalData, said M&S was "paying the cost for its inability to adapt fast enough to changing shopping habits".

"M&S's recovery is slow versus other apparel players, as it continues to be hurt by an online platform unable to make up for lost store sales," she added.

She saw little point in a potential purchase of Jaeger, as it would be "costly to turn around and do little to boost the retailer's fortunes".

However, she said M&S's focus on value in food had "started to pay off, with decent sales growth, especially considering dampened footfall on High Streets"

[neilhumphreys] 08/1/2021 12:24

This site sends out the most illiterate nonsense and there are folk still here reading it????

You will never get the time wasted here back! Nor will I !

Move on folks and stop wasting your lives.

[debsdowner] 08/1/2021 12:07

More bleak news from Guardian they say the smaller food stores not done as well as larger competition due to where they are situated and the G also mention struggling abroad



Mail

"'Clothing & Home is having a more difficult time, with lockdowns having a more severe impact on performance. The most disappointing part is online sales which, while seriously improved, haven't reached the heady heights others have reported."

[debsdowner] 08/1/2021 11:58

The TMF says avoid, I did warn before results they may disappoint



Clothes as still having a detrimental impact on group and the company has too much clothes space.

No news yet on jaeger but even if they buy jaeger it will not make up for loss of traditional sales.

The big four supermarkets have probably all done better than MARKS.

As for their food bear in mind the discounters are improving their premium brands and will continue to do so.

[philanderer] 08/1/2021 11:49

Marks & Spencer sees festive sales slump

[philanderer] 08/1/2021 11:37

Sell on the news.... not too impressive.

[careful] 08/1/2021 11:25

'add at sub 79'?

xxxxxy you are a naughty provocative attention seeking troublemaker just like Trump.

[xxxxxy] 08/1/2021 09:04

When the Covid is over. Think many will rekit.Also Marks is Signature of shopping. One of the standard bearers of Civilisation.And Amazon circles.Lot of maybes at moment. My thinking.Will add to holding at sub 79.Hidden positives.

[dutch123] 08/1/2021 08:50

MARKS AND SPENCER GROUP PLC

CHRISTMAS 2020/2021 TRADING STATEMENT

13 WEEKS TO 26 DECEMBER 2020

'Continued robust trading performance in the face of volatile Covid headwinds'

[onehanded] 08/1/2021 08:47

the main problem will be the next 2 months loss of sales in the lockdown....

[johnwise] 08/1/2021 08:38

The group said “good progress” in repositioning clothing and home ranges and buying was concealed by the Covid-19 restrictions and demand distortions.

It said a store sales decline of 46.5 per cent was partly offset by online sales growth of 47.5 per cent.

M&S said food sales were up 2.2 per cent in the quarter, having increased 1.6 per cent in the second quarter.

It said food performed well in the four-week lead up to Christmas, with like-for-like sales, excluding hospitality and franchise up 8.7 per cent, with large retail park and Simply Food stores significantly outperforming.

[johnwise] 08/1/2021 08:37

The M&S group said “good progress” in repositioning clothing and home ranges and buying was concealed by the Covid-19 restrictions and demand distortions.

It said a store sales decline of 46.5 per cent was partly offset by online sales growth of 47.5 per cent.

M&S said food sales were up 2.2 per cent in the quarter, having increased 1.6 per cent in the second quarter.

It said food performed well in the four-week lead up to Christmas, with like-for-like sales, excluding hospitality and franchise up 8.7 per cent, with large retail park and Simply Food stores significantly outperforming.

[undervaluedassets] 08/1/2021 08:24

"The U.K. retailer said group sales for the 13 weeks ended Dec. 26 fell 8.4% year-on-year to 2.77 billion pounds ($3.76 billion). U.K. sales fell 8.2% on year, or 7.6% on a like-for-like basis, to GBP2.53 billion, while international sales decreased 10% to GBP239 million, it said."

In the middle of a pandemic?!

I call those results astonishingly good. the majority of the high street would give their eye teeth for results like those.

[debsdowner] 08/1/2021 08:23

CMC markets say results "disappointing"



Share price all over the place it is early days for brokers to react.