Marks And Spencer Share Discussion Threads

[debsdowner] 30/9/2021 10:17

House Price unafordability continues as meeting a deposit rises faster than wages:



The poor cannot get on the housing ladder and better off will have to eat into more of their income to save a deposit to get on the housing ladder, but these things PO and numpty fail to understand.

[qantas] 30/9/2021 09:34

Furlough ends today.





Please do your own research as always.

[johnwise] 30/9/2021 08:46

Don't like the Apple Lefty Proper Gander I use Samsung Galaxy S20+

iPhone flaw 'lets hackers use your bank card': Security issue allows cyber-crooks to make contactless payment without knowing owner's passcode, research shows

[pierre oreilly] 30/9/2021 08:43

Debs, why do you have a 200p target on m&s if, as you imply, its business is cack?

And do you ever have a filter for your c& ps, you know, so they a least have a little relevance to m&s? E.g.



'dog bites man'. That'll hit m&s.

'another Tesla crashes' That'll hit m&s.


Not every headline is bad for m&s you know. Anyhow pls explain your current 200p target amongst all these disastrous headlines. Tia.

[debsdowner] 30/9/2021 08:40

NEXT

Golden girl of the high street'
The company's performance for the half year to July was largely fuelled by a surge in online revenue, with sales increasing by 52% compared to pre-pandemic levels.

Lord Wolfson said the retail bounce-back from the coronavirus pandemic was "far stronger than we anticipated".

"Sales in retail stores have done better than planned, while online sales have fallen back less than we expected. It appears that the wider economy has not suffered the long term damage many feared, for the moment at least. And, in particular, employment has held up well," he added.

The retailer raised its full year profit outlook for the fourth time in six months.

Sophie Lund-Yates, equity analyst at Hargreaves Lansdown, said Next's "ever-growing" online business had led it to brush off the "worst of the woes brought on by lockdown".

"Next is the golden girl of the high street," she said.

"The High Street star hasn't escaped unscathed by the labour, supply and cost issues sweeping across the country.

"While things are stable for now, a lack of foreign workers means some Christmas deliveries might take longer to arrive during the peak trading

[debsdowner] 30/9/2021 08:34

netcurtains,

Yes that is correct no retailer is immune, NEXT will still suffer price pressures but will carefully manage its costs and try and sell more at full price hence they have increased their profit guidance.

No one can argue Lord Wolfson is one of the most canny retailers you only have to look at his track record.

[xxxxxy] 30/9/2021 08:19

7:13amUK economy expands 5.5pc in second quarterGood morning.Britain's economy expanded 5.5pc between April and June on a quarterly basis as household spending jumped amid easing coronavirus restrictions, according to official data.The Office for National Statistics revised up a previous growth estimate of 4.8pc for the second quarter compared to the first three months of the year.The growth left GDP 3.3pc below its pre-pandemic level, after its 19.8pc plunge when lockdown struck in March 2020.Household spending contributed four percentage points to the 5.5pc jump compared to consumption levels between January and March. Wholesale and retail trade, accommodation and hospitality also boosted growth, as did education, health and social work spending.The jump in household spending was an early sign of Britons unleashing their stockpiled lockdown savings, with the household saving ratio falling from 18.4pc in the first quarter to 11.7pc in the second... Daily Telegraph

[netcurtains] 30/9/2021 08:15

debs: You said " no retailers is immune"
NEXT just increased its guidance.
M&S is very similar to NEXT.

So provably you are incorrect.

[debsdowner] 30/9/2021 08:15

BooHoo down circa 13% which isnt surprising as Online retailers pe ratio well above bricks and mortar and any profit warning was bound to knock the shares, never the less cost warnings will hit the sector.

[debsdowner] 30/9/2021 08:07

NATIONWIDE House prices:

Affordability becoming more stretched
“House prices have continued to rise more quickly than earnings in recent quarters, which means affordability is becoming more stretched. Raising a deposit remains the main barrier for most prospective first-time buyers. A 20% deposit on a typical first-time buyer home is now around 113% of gross income – a record high.

“Due to the historically low level of interest rates, the cost of servicing the typical mortgage is still well below the levels recorded in the run up to the financial crisis. However, even on this measure, affordability is becoming more challenging.

“For example, if we look at typical mortgage payments relative to take home pay across the country, it is notable that in the majority of UK regions (10 out of 13) this ratio is now above its long-run average. By contrast, pre-pandemic, this was only the case in one region (London).

“Recent price patterns suggest an element of rebalancing is occurring where most of the regions that have seen the strongest price growth are those in which affordability is still close to or below the long run average.

[johnwise] 30/9/2021 08:04

Another British company easily conned..


Disappointing, expected better from M&S, another company that has not bothered to research and now will spend £ on the Global Warming /Climate Change LIE..

M&S resets its Plan A sustainability programme and aims to be a net zero Scope 3 business across supply chain and products by 2040



The evidence - global warming isn't happening..

Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: Bill Gates Slams Unreliable Wind and Solar Energy


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Global warming a total “hoax and scam” run by corrupt scientists, warns Greenpeace co-founder


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[debsdowner] 30/9/2021 07:59

PO must be dreaming clothing sales are not up 20% but not only that retailers are starting to be hit by imported inflation, wage inflation and freight inflation, no retailers is immune hence that is why MARKS had to close some of its operations lately.

[netcurtains] 30/9/2021 07:55

debs: re: BooHoo - Its no surprise. If miles more people are shopping in real shops (like M&S) then online shopping must be falling.
There is only so much stuff people want to buy
Currently people want M&S stuff (they are already taking Christmas orders)

[johnwise] 30/9/2021 07:36

Another British company easily conned..


Disappointing, expected better from M&S, another company that has not bothered to research and now will spend £ on the Global Warming /Climate Change LIE..

M&S resets its Plan A sustainability programme and aims to be a net zero Scope 3 business across supply chain and products by 2040



The evidence - global warming isn't happening.
.
Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: Bill Gates Slams Unreliable Wind and Solar Energy


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Global warming a total “hoax and scam” run by corrupt scientists, warns Greenpeace co-founder


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[xxxxxy] 29/9/2021 21:00

Susan Johnson29 Sep 2021 8:55PMI realise it won't sell papers but the petrol panic buyers fuelled by the RHA are now fully topped up, the empty shelves are vastly overstated and there simply will be no blackouts. I know you have to earn a living but try to avoid trashing the country in the process.LikeReplySimon Brown29 Sep 2021 8:54PM"This crippling inaction is becoming an overwhelming feature of Boris Johnson's government" should read "has become". This government can't even take effective action over a handful of loons sitting on roads.1LikeReplyTed Way29 Sep 2021 8:53PMGood insights. There is an inordinately long list of matters to worry about. Gross incompetence and a complete lack of foresight appear to be the order of the day in parliament and the civil service...... Next..... Daily Telegraph

[neilhumphreys] 29/9/2021 15:30

Debb’s is a complete idiot!

[neilhumphreys] 29/9/2021 15:28

Fantastic news!!! NEXT brilliant numbers!!!

ext raises outlook and promises dividend payout next year
(Alliance News) - Clothing and homewares retailer Next on Wednesday raised its profit guidance and promised shareholders a special dividend early next year.

For the six months to July 31, revenue was GBP2.12 billion, up 5.2% from GBP2.01 billion at the same time in 2019, and pretax profit was GBP346.7 million, up 5.9% from GBP327.4 million. Compared to last year, Next swung to a pretax profit from a loss of GBP16.5 million.

Next explained it is providing direct comparisons against the relative period two years ago as disruption to last year from Covid meant that "one year comparisons are generally not meaningful".

The retailer said full price sales in the past eight weeks were up 20% versus 2019, "materially exceeding" expectations.

[pierre oreilly] 29/9/2021 15:27

Clothing sales up 20%?

My memory must be failing me. I'm sure debs said clothing would be the first to hit low sales due to interest rates/energy prices/increased ni/and every other factor she could think of but doesn't understand.

Did i imagine that debs or did you really say it?

(Rhetorical really, i, and everyone else reading, knows the answer).

[smurfy2001] 29/9/2021 15:18

I'm hoping for 240p as we head toward Christmas.

[xxxxxy] 29/9/2021 14:53

Next..........Next has warned that a lack of warehouse workers and lorry drivers could derail Christmas shopping deliveries as its chief executive told customers to prepare for higher prices. The retailer, which is considered a bellwether for the British high street, said an increase in shipping costs had pushed up prices by about 2pc for the six months to July 31. It cautioned this would continue into next year, with shop prices set to rise by about 2.5pc in the first half of 2022. Clothing prices are expected to increase by 1pc and homeware products by 6pc, with goods such as sofas and beds more expensive to import.Despite reporting a surge in profits and sales, Next's chief executive, Conservative peer Lord Wolfson, warned that "things may not be as good as they appear today", with higher costs and labour shortages likely to "moderate demand" in the months ahead....Daily Telegraph

[neilhumphreys] 29/9/2021 14:08

Debb’s ducky, it’s my pleasure to provide useful reading material.

I provide balance you provide negatively and utter nonsense.

You run an arcade in Black pool, I read and learn from skilled and knowledgeable people, i then pass this learning to my chat board here.

[debsdowner] 29/9/2021 13:00

Numpty you are too late to the party the news was highlighed here before you woke up on both stories ie NEXT and MARKS shorts.