Marks And Spencer Share Discussion Threads

[debsdowner] 26/1/2021 16:40

Latest covid data just released

20,089 infections

1,631 deaths and over 100,000 deaths in total which is far worse than the worst case scenario

3,341 admissions

[netcurtains] 26/1/2021 14:14

whats also good about M&S is that
its NAV equals its market cap...
so its both a value and recovery play (post covid)

[zztop] 26/1/2021 13:08

ONLY 388 people aged under 60 without underlying health conditions have died of coronavirus in hospitals across England, NHS data shows.The figure is just 0.8 per cent of all Covid fatalities recorded in English hospitals between April 2 and December 23.

[debsdowner] 26/1/2021 12:24

100,000 covid related deaths to date

[xxxxxy] 26/1/2021 11:16

Older generation maybe. Silver money.But maybe with consideration adjusted to other age groups.Interesting one. Maybe. Maybe.

[netcurtains] 26/1/2021 10:34

Seriously Jaeger in M&S stores could actually be a game changer both for the brand and for M&S.
Depends on how they play this.

[netcurtains] 26/1/2021 10:11

It will be interesting to see Jaeger on M&S website when all finalised
I guess sometime towards end of Feb?

Will the entire website be revamped too?

Will they also sell Jaeger products INSTORE when lockdown eased -
perhaps end of Feb?

Jaeger products in M&S stores could be a profit game changer
for the company.

[netcurtains] 26/1/2021 09:57

M&S has one of the best NAV values in the FTSE 250.
Its a covid winner in that its open and selling (even clothes).
Post covid it will do better as more stores open AND its
online presence has got better with the "brands" its been buying.

[xxxxxy] 26/1/2021 09:55

Lidl's UK arm said on Tuesday it will reward its front-line workers with a one-off £200 ($272.44) "thank you payment," in order to recognise dedication shown throughout the pandemic, while its office-based employees will receive £100.Front-line workers include customer assistants, warehouse operatives, and cleaners.... Yahoo Finance

[debsdowner] 25/1/2021 21:53

QANTAS,

You are correct with regards to Jenners, the owner wasn't prepared to reduce the rents he had other plans in mind for the store, Mile Ashley wont like this at all but if he wasn't prepared to pay the asking rent then the owner has the right not to renew the lease.

Mike Ashley has tried to play hard ball a number of times and lost the game.

The owner of Jenners a multi billionaire far more wealthy than Ashley and the biggest landowner in the UK.

[debsdowner] 25/1/2021 21:48

In a further blow to the High Street Hays travel to close 89 shops.



Lets face it no one needs to go into a travel shop everything can be done online and by skype, and there will probably be more shops closed further down the line. The High Street is finished as we know it, there will still be some stores left but it will be much smaller if not half the size as of present in a few years time.

[xxxxxy] 25/1/2021 20:54

MR JOHN LEWIS BRIDDON25 Jan 2021 3:40PMOn line shopping for clothes is a nightmare. Sizes are too variable across different brands. I complained to one of my sisters who said its easy, order the size you think you want and then the one above and the one below. Sending back the ones you don't want ie. in my case that would probably be all of them. You can stick this kind of shopping in a dark place. If its not a real shop with stuff available to try on before I buy, I'll be somewhere else.18LikeReplyArtichoke Boulevard25 Jan 2021 4:04PM@MR JOHN LEWIS BRIDDON I use Amazon wardrobe for shoe shopping online, and although convenient it's just not the same as going to the shops.... Daily Telegraph

[qantas] 25/1/2021 17:16

Debsdowner Jenner is not a very upmarket name....

The iconic Jenners department store will be kept open as part of plans to transform part of the famous Princes Street building into a hotel. ... Billionaire owner Anders Holch Povlsen has set out plans to restore the iconic building and create a mixed-use hotel, rooftop bar, cafe and restaurant.17 Dec 2020

The building is very nice..



Must be the owner just wanted it back...

[debsdowner] 25/1/2021 16:07

Latest covid data out which show a large fall but weekend figures tend to be lower due to delayed data

22,195 infections

592 deaths

3,547 admissions

[debsdowner] 25/1/2021 15:30

Its 'Black Monday' today as Frasers group announce its famous Jenners store to close in Edinburgh.



This is a big blow to Frasers and indeed Mike Ashley as well as he was hoping to expand his department stores while others reduced or went to the wall.

I suspect John Lewis may have to announce more permanent store closures the next few months, large department stores aren't sustainable.

[philanderer] 25/1/2021 14:27

Berenberg: M&S has addressed its weaknesses


The pandemic has accelerated change at high-street stalwart Marks & Spencer (MKS) and it should emerge from the crisis in a stronger position, says Berenberg.

Analyst Thomas Davies retained his ‘buy’ recommendation and increased the target price from 125p to 160p on the stock, which closed up 0.2%, or 0.3p, at 14.05p on Friday.

‘While ongoing Covid-19 restrictions will drag on M&S’s short-term performance, the pandemic itself has forced the group to address its weaknesses – and it should emerge a much stronger business,’ he said.

E-commerce efforts have accelerated in the clothing and home divisions, while the tie-up with Ocado in the food arm remains ‘underappreciated’, said Davies.

‘What that in mind, we believe the 30% discount is too steep,’ he said. ‘With the vaccine providing some clarity for a recovery, we roll forward our valuation to current year 2022 numbers.’

[philanderer] 25/1/2021 14:03

COVID-19: Surge in shopper numbers blamed on 'lockdown fatigue'

Figures suggest London's retail destinations saw the largest leap in visitors last week despite non-essential shops being shut

[debsdowner] 25/1/2021 12:32

Judge issues winding up offer and says:

Judge Daniel Schaffer made a winding-up order at an online hearing in the Insolvency and Companies Court on Monday.


He described the retailer as a “rudderless ship” drifting in an “ocean of insolvency” which needs to be brought into port.

The judge said the Official Receiver now should assess the position.

He had been asked to consider Debenhams’ position by lawyers representing a shareholder and debtors.

The judge said he was making a winding-up order of his own motion.

“The company is a rudderless ship drifting in an ocean of insolvency, unable to be rescued,” he said.

“It is time for the court to bring this ship into port, so the harbour master, here the Official Receiver, can assess the position.”

Judge Schaffer made a winding-up order after news emerged that online fashion retailer Boohoo had bought the Debenhams brand and website for £55 million.

[debsdowner] 25/1/2021 11:00

Retail footfall down 39% on last year says Springboard



One analyst reckoned that one in two shops could close completely. Shopping centres need to shrink.

[qantas] 25/1/2021 09:20

Shorts have lost a fortune on Tesla

[debsdowner] 25/1/2021 09:19

In total with ARCADIA and Debenhams stores set to close completely is will affect over 520 stores and 20,000 jobs

[debsdowner] 25/1/2021 09:09

Worries and anxiety over stock market bubble

[debsdowner] 25/1/2021 08:39

Some questions need raising as to why Mike Ashley offered more money for Debenhams but maybe with lockdown extended his previous offer wasn't feasible.

I suspect Mike Ashley's deal amounted to taking on DEBENHAMS stock and the administrators selling off stock for creditors so the £50 million from sale of brands and and website amounted to more money for creditors in the long run.