Marks And Spencer Share Discussion Threads

[xxxxxy] 03/2/2021 10:55

His comments suggest that Boris Johnson is prepared to trigger Article 16 of the Protocol, allowing the UK to unilaterally override parts of the deal policing how customs checks are conducted, should the EU not agree.The measure was previously seen as a last resort, but Mr Johnson is facing mounting calls from unionists to use it in order to overcome the difficulties being experienced by hauliers and businesses moving goods between Britain and the province... Daily Telegraph

[xxxxxy] 02/2/2021 18:47

Responsible retailers should remove buy now, pay later from their checkouts," she said. "Marks & Spencer and other well-known British brands are basically endorsing this form of credit by offering it. They need to think about their customers because people are getting into debt they cannot get out of."This newspaper has reported on multiple cases where shoppers have signed up for buy now, pay later contracts without realising and spent beyond their means. Debts are also hidden from credit referencing agencies, meaning it can be hard to establish when customers are in financial difficulty.Mr Woolard said firms preyed on shoppers by only presenting the benefits during the checkout process. Users were given the impression that "everyone else" was using similar services and websites were structured so key information on late payments was hidden.Klarna, Clearpay and Laybuy are three of the biggest operators in Britain. Many consumers wrongly believed they were protected by regulators, but users presently have no ability to refer cases to the Financial Ombudsman Service should something go wrong.When questioned by Telegraph Money, Mr Woolard said firms had used loopholes in the Consumer Credit Act to avoid coming under the regulator's scrutiny. He said providers were "relying on an exemption in the law from 1974" and said the act was "never intended to cover this level of activity".Retailers and providers should also implement some of the report's recommendations as soon as possible, he added.Ms Creasy echoed this call and said the easy credit offered during the pandemic was a "recipe for disaster". She urged the Government to bring forward legislation using the Financial Services Bill, which is currently progressing through ParliamentFull article.... Daily Telegraph

[xxxxxy] 02/2/2021 15:32

8:47amGrocery sales rose 12.2pc in three months to end of JanuaryUK grocery market sales rose strongly over recent months following an acceleration over the Christmas period and the introduction of tight national restrictions.Shoppers spemnt £1bn more on supermarket food during January alone compared to the same period in 2020. Alcohol sales proved particularly popular, with sales up £234m year-on-year, according to Kantar.Fraser McKevitt, the research group's head of retail and consumer insight, said:We expect to see strong growth for all the grocers fall off as we reach the anniversary of the first national lockdown in March.  Sales will then be measured against the high volumes recorded in spring and summer 2020.  With the vaccine rollout underway, there's also hope that the hospitality sector will re-open, meaning demand for take-home groceries is likely to subside. Ocado was once again the fastest-growing retailer, with Morrisons increasing sales the fastest out of the big four supermarkets.... Daily Telegraph

[netcurtains] 02/2/2021 09:12

I think the fact that M&S is at the bottom of a trading range.
and shops are going to open soon.
That means about 30% more turnover for M&S

[xxxxxy] 02/2/2021 07:50

the Topshop, Topman and Miss Selfridge brands and their stock from the failed Arcadia group. But it is not taking the 70 or so stores or the thousands of staff that worked in them. There was a similar story last week when Boohoo purchased Debenhams but left the 118 shops and some 12,000 employees behind. Since they are both internet traders, they had no need of the buildings or the staff but we are seeing a trend that will transform the look of our high streets.To some extent, it was happening before the pandemic, but it has been accelerated by the number of people stuck at home and buying goods online. Sir Philip Green, the owner of Arcadia, was notoriously sceptical about the benefits of shifting at least part of his business online and his shops failed to move with the times.When so-called "non-essential" stores are allowed to reopen, they will find a very different customer base awaiting them. The ease of home ordering measured against the inconvenience of getting to the shops will require them to offer more than they have previously to entice people back in. The Government can help by easing local tax and business rates regimes beyond the period of lockdown to aid their competitiveness.But what is going to happen to the buildings? Commercial landlords already face the prospect of companies relinquishing their office leases as more employees work from home. Many pension funds are linked to the fortunes of property companies. Serious implications will arise very soon from this move away from bricks and mortar for retail and for working. Some innovative thinking is needed if city centres are not to turn into wastelands..... Daily Telegraph

[xxxxxy] 02/2/2021 07:15

John Redwood@johnredwood1hToday the government should set out plans to Parliament to take back control of our single market. They need to speed trade between GB and Northern Ireland and sort out agricultural trade and fishing.

[netcurtains] 01/2/2021 12:03

Whats holding M&S back while everything else rises?

[diku] 01/2/2021 09:23

Well the Central banks ignited the bubble in the first place...and it has now becoming a self full filling prophecy that central banks will always be there when markets are in turmoil...hence it has turned into a fun fair casino...

[diku] 01/2/2021 09:20

Hope MKS still got plenty of umbrellas and rain coats on sale...rain rain and more never ending rain coming...has been since October...

[debsdowner] 01/2/2021 09:20

Markets in a bubble made worse by small investors taking on short sellers

[diku] 01/2/2021 09:19

But would that work on illiquidity shares only..those with few amount of shares in issue...

[debsdowner] 01/2/2021 09:04

Reddit army who are piling into shorted stocks causing damage to short funds piled into silver



This could spread to bombed out stocks in some UK companies.

[debsdowner] 01/2/2021 09:00

ASOS buys Topshop, Topman and Miss Selfridge for 295 million



With the brands now being pure online players it will increase price competition against bricks and mortar stores like MARKS.

This depends however whether they are still relevant in todays market, there are simply too many brands out there at the moment.

[johnwise] 01/2/2021 08:51

Fears that hiking taxes now could strangle the fledgling economic recovery


Tax burden 'is at highest level for SEVENTY YEARS' amid warnings Rishi Sunak will strangle recovery if he moves to fill black hole in government finances at Budget next month

Tax burden will be at the highest level since 1951 this year according to analysis

Rishi Sunak considering tax rises at Budget next month amid coronavirus chaos

[johnwise] 01/2/2021 08:50

Fears that hiking taxes now could strangle the fledgling economic recovery


Tax burden 'is at highest level for SEVENTY YEARS' amid warnings Rishi Sunak will strangle recovery if he moves to fill black hole in government finances at Budget next month

Tax burden will be at the highest level since 1951 this year according to analysis

Rishi Sunak considering tax rises at Budget next month amid coronavirus chaos

[netcurtains] 01/2/2021 08:09

Asos have totally wasted all their money. Nuts!
Shows how shrewd M&S were in getting Jaeger for
more or less peanuts!
Jaeger can easily have a bigger positive effect
on M&S then Topshop can on ASOS.

[xxxxxy] 01/2/2021 07:58

Asos has signed a deal to buy Topshop and three other Arcadia brands for £265m.The low-cost online fashion retailer confirmed the take over of the Topshop, Topman, Miss Selfridge and HIIT brands from administrators after Sir Philip Green's retail empire collapsed last year.Asos paid a further £65m for current and pre-ordered stock.The online retailer, which had sales of more than £3bn last year, described the move as a "strategically compelling opportunity to acquire four strong, iconic fashion brands"... Yahoo Finance

[xxxxxy] 01/2/2021 07:33

John Redwood@johnredwood50mWill DEFRA take the enthusiasm for people to buy more home produced food seriously? It should help our farmers and fishing businesses produce and sell more at home. I want my local supermarkets to be full of great British food, lowering food miles and helping home businesses.

[xxxxxy] 01/2/2021 07:32

John Redwood@johnredwood52mThe government should take speedy action to deal with EU blocks on U.K. exports of fish and farm products. It could start by buying British itself for government needs and working with supermarkets to sell more excellent home produced food.

[netcurtains] 31/1/2021 17:52

Dow Futures live down 2.34% at present. That does appear to be a lot.

[xxxxxy] 31/1/2021 07:27

EU plays vaccine politics badlyJANUARY 30, 2021 75 COMMENTSI have tweeted on this fast moving story. I am pressing the government to sort out the GB/NI trade. The EU's ill judged actions strengthen our hand, giving us space to legislate our own solution that would be fair to all sides and ensure smooth flow of trade GB/NI as before... John Redwood