Marks And Spencer Share Discussion Threads

[mroalan] 11/3/2021 14:44

Was back in to the large Cardiff store on Mon,still very quiet,only one till open mid day ish.

[johnwise] 11/3/2021 13:35

John Lewis is a basket case, from a passed era. Only footballers and lottery winners can afford to shop there. High prices for very average quality

[debsdowner] 11/3/2021 13:22

John Lewis turnaround plan is opening up mini John Lewis hubs in a trial within space at Watitrose.

Could be a good idea and most food supermarkets have excess space, ASDA is trying a similar conceot but with nail bars in its stores.

TESCO has been doing the same for a while now.

[debsdowner] 11/3/2021 10:42

John Lewis Sharron White warns of worse to come in its results for 2021/22



John Lewis may even have to spin off Wiatrose to survive if they cannot turn around th e John Lewis performance its stores are a drag on the whole group.

[xxxxxy] 11/3/2021 10:39

John Lewis as you know it is already over. The pandemic has seen to that. Middle England's favourite retailer was in trouble before Covid swept through the high street but the downturn has left it facing an existential crisis. Shops are being closed, acres of store space axed, 1,500 partners who thought they had a job for life, shown the door. Debt has ballooned to £2.1bn and this year it won't pay a staff bonus for the first time since 1953. Even the sacred Never Knowingly Undersold price pledge is under threat as losses spiral. Boss Sharon White has warned that it could take five years for the retailer to recover.But its annual results lay bare the true extent of John Lewis's shocking slide. In 2020, it crashed to a £517m loss from a £146m profit the previous year. White said the last 12 months had been "one of the most challenging in the Partnership's history" and yet even that doesn't quite capture the severity of the situation. .... Ben Marlow. ... Daily Telegraph

[debsdowner] 11/3/2021 10:18

John Lewis press statement:



The company made a better pre tax pre exceptional profit than the year before but only due to government support including business rates, but for the support they would have showmn a pre exceptkionasl loss.

They have had to wrote down their estate and they are not out of the woods yet.

[xxxxxy] 11/3/2021 09:58

Soaring Covid costs hit MorrisonsGroup like-for-like sales jumped 8.6pc, buoyed by strong grocery demand, but profits have plungedBySimon Foy11 March 2021 • 7:37am... Daily Telegraph

[xxxxxy] 11/3/2021 09:57

John Lewis warns of further store closures as it swings to £517m lossThe partnership was hit with £648m worth of exceptional costsBySimon Foy11 March 2021 • 8:29am... Daily Telegraph

[debsdowner] 11/3/2021 09:44

Johnwise,

Its a start and they are doing the right thing but it will take time and they may have to shrink their estate just like John Lewis.

I have always maintained MARKS will not go bust but those heady profits of a billion pounds will not be seen for many a year if at all in the next decade.

[johnwise] 11/3/2021 09:38

M&S to introduce rival lingerie brands for the first time


Marks and Spencer (M&S) is diversifying its lingerie range with the addition of rival lingerie brands, including Sloggi and Triumph, for the first time.

The move comes as M&S seeks to boost its online sales over the coming months.

Following on from the new online brand partner deal with Nobody’s Child announced in October, M&S will also add a further eight new clothing labels to its digital womenswear mix over the coming months, as it seeks to further its strategy of “broadening appeal and turbocharge online growth”.

Brands including Hobbs, Joules, Phase Eight, Seasalt, White Stuff, YAS and Sosandar will all make their debuts on MarksandSpencer.com, along with menswear brand Jack & Jones.

[johnwise] 11/3/2021 09:38

M&S to introduce rival lingerie brands for the first time


Marks and Spencer (M&S) is diversifying its lingerie range with the addition of rival lingerie brands, including Sloggi and Triumph, for the first time.

The move comes as M&S seeks to boost its online sales over the coming months.

Following on from the new online brand partner deal with Nobody’s Child announced in October, M&S will also add a further eight new clothing labels to its digital womenswear mix over the coming months, as it seeks to further its strategy of “broadening appeal and turbocharge online growth”.

Brands including Hobbs, Joules, Phase Eight, Seasalt, White Stuff, YAS and Sosandar will all make their debuts on MarksandSpencer.com, along with menswear brand Jack & Jones.

[debsdowner] 11/3/2021 09:27

Off topic Black news commentator rips into Megan Marke about her intereview with Oprah Winfrey adding to comments she doesn't believe Meghan Marke and calls her a narcist.



The interview by Oprah was directed at getting the answers to qurstions Oprah wanted imo no questions were raised by Oprah at why Meghan didnt get on with her sister, the questions were pointed at a particular agenda to discredit the Royal Family imo and the most of the Mail readers agree.

[debsdowner] 11/3/2021 09:13

QANTAS,

Shock news from John Lewis as they report a massive loss of £517 million, so where was this small profit or loss they stated they may release about a month or so ago?



They also warn of more store closures, these are bleak times.

[netcurtains] 11/3/2021 08:21

Retailers going up this morning (see fras too)

[johnwise] 11/3/2021 08:07

More customers for M&S

COVID-19: John Lewis warns of more store closures as pandemic deals hammer blow to sales

Too expensive for the general public..

[johnwise] 11/3/2021 08:06

More customers for M&S

COVID-19: John Lewis warns of more store closures as pandemic deals hammer blow to sales

Too expensive for the general public..

[johnwise] 11/3/2021 08:04

Marks and Spencer joins the newest retail trend by offering a host of guest High Street labels online including Phase Eight, Joules and Hobbs

Having snapped up Jaeger from its administrators, it will go further by offering a host of guest labels online, such as Phase Eight, Joules, Seasalt Cornwall and Hobbs.

[johnwise] 11/3/2021 07:49

Marks and Spencer joins the newest retail trend by offering a host of guest High Street labels online including Phase Eight, Joules and Hobbs

Having snapped up Jaeger from its administrators, it will go further by offering a host of guest labels online, such as Phase Eight, Joules, Seasalt Cornwall and Hobbs.

[xxxxxy] 11/3/2021 07:47

The UK single marketMARCH 11, 2021 8 COMMENTSYesterday the Northern Ireland Secretary talked about trade between GB and NI. There are clearly issues to be sorted out.I thought you might find it helpful to be reminded about what the NI Protocol said about the UK single market, as this now is at the centre of the disputes.The Introduction to the Protocol states "Having regard to the importance of maintaining the integral part of Northern Ireland in the UK's single market".... "Determined that the application of the Protocol impact as little as possible on the very day life of communities in both Ireland and NI"...."Affirming the commitment of the UK to facilitate the efficiency and timely transit through its territory of goods moving from Ireland to another member state or third country."These introductory statements make clear the context to interpret the Protocol. The EU accepted the need for NI to be fully part of the UK's single market and customs union, and wanted assurance that Irish goods could still pass through the UK to the continent without hindrance.Article One strongly reinforces the main point in the Protocol. It says "The Protocol respects the essential state functions and territorial integrity of the UK"Article Six states that "Nothing in this Protocol shall prevent the UK from ensuring unfettered access for goods moving from Northern Ireland to other parts of the UK's internal market"Article Seven states "The lawfulness of placing goods in the market in Northern Ireland shall be governed by the law of the UK"There are various other provisions about the EU single market and the handling of goods that might move from GB to NI and then on to the Republic where EU rules matter.The UK has a good case to ensure the smooth functioning of its own internal market. The ECJ has no standing over the UK's internal market.... John Redwood

[philanderer] 11/3/2021 00:42

Hello free, hope you're keeping well.

Been a much better last 3 months for MKS, just wish I'd doubled up sub 100p ;-)

Can't see 165p/170p being out of reach in the near term if the general market holds. We seem to be over the worst and getting back in favour a little. Tackling the online business well.


M&S to add host of third-party brands to online offer

[smurfy2001] 10/3/2021 18:22

That's why the share price went up 🤣

[debsdowner] 10/3/2021 18:20

BBC presenter Alex Jones seen on TV with MARKS top, not my taste but others differ