Marks And Spencer Share Discussion Threads

[debsdowner] 20/8/2022 18:08

MATALAN the latest retailer to be seeking a sale or further finance

[philanderer] 19/8/2022 22:05

M&S stands by plan to raze Oxford Street store as it rejects complaints

Firm says 95% of materials in existing building will be recycled or reused as it resists pressure from author Bill Bryson and architects

[diku] 19/8/2022 12:24

I think distribution going on...



debsdowner19 Aug '22 - 10:23 - 11257 of 11258
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diku, I have been thinking the same the share price is seeing no real direction it falls a few percent and rises a few pence then falls again. There appears to be no mean forecasts out there we can rely upon. The company needs a trading update for any meaningful direction.

[debsdowner] 19/8/2022 10:25

Porche, some stores are in decline but I don't think MARKS are as bad as you are saying FRASERS are doing OK.

[debsdowner] 19/8/2022 10:23

diku, I have been thinking the same the share price is seeing no real direction it falls a few percent and rises a few pence then falls again. There appears to be no mean forecasts out there we can rely upon. The company needs a trading update for any meaningful direction.

In the meantime some youg workers are paying two thirds of their wages on rent which is a sign of trouble



Rents are becoming unafordable some young people will have to consider moving back home if possible and they don't like that.

[diku] 19/8/2022 09:56

Anybody think MKS share price is resilient lately but could it be false sense of security...the price movement just doesn't feel right...

[diku] 19/8/2022 09:35

But just not happening...it never really collapsed in 2008 - 2009 either...

[debsdowner] 19/8/2022 09:34

"Joules shares scorched as UK heatwave compounds cost-of-living woe"

Fri, 19th Aug 2022 09:10Alliance News

(Alliance News) - Shares in Joules Group PLC tumbled on Friday after warning its annual results will be worse than expected as recent hot weather in the UK hit sales of winter clothes.

Joules shares plummeted 36% to 28.30- pence each in London on Friday morning. So far in 2022, the stock is down 80%.

Record hot weather in the UK over recent weeks has hit sales of winter clothing, including "rainwear, knitwear, and wellies". The unprecedented weather has "compounded the ongoing subdued consumer demand due to the well-documented cost of living crisis", Joules warned.

Trading over the five weeks to August 14 has "softened materially," it cautioned.

Margins have taken a hit and Joules now expects a "significant loss" in its first half. The Leicestershire, England-based country lifestyle retailer expects an improved second half, as it reaps the rewards of self-help work.

"In light of this, the board currently expects the group to deliver a full year loss before tax, and before adjusting items, significantly below current market expectations," it said.

On a positive note, active customer numbers of over 2 million are up 10% on last year, Joules said.

The firm added that it has "sufficient liquidity to manage its working capital requirements including repayment of the extended facilities in November 2022." It expects to require a waiver of some covenants on its facilities and is "currently in positive discussions" with its bank on this.

Earlier this week, Joules named Jonathon Brown as its new chief executive officer, effective from September 30. Brown will initially join the company as chief executive officer designate on September 7 and then take up the role at the end of the month. Most recently, he was the CEO of Compare the Market, which is part of financial services firm BGL Group, and has also held positions at retailers such as Kingfisher PLC and John Lewis.

The new appointment came after under-pressure Joules said it was in talks with Next PLC about adopting its Total Platform services. The move, if it goes ahead, will see Next inject about GBP15 million into Joules.

Joules said on Friday: "The group continues positive discussions with Next about both adopting its Total Platform services to support its long-term growth plans and a potential equity investment. There can be no certainty that these discussions will lead to any agreement, and further announcements in this regard will be made if and when appropriate."

By Tom Budszus; [e-mail]

Copyright 2022 Alliance News Limited. All Rights Reserved.

[debsdowner] 19/8/2022 09:21

"Non-store retailing, particularly from online stores, saw a 4.8% jump in sales. Feedback from these businesses suggested that a range of promotions helped boost consumer spending, the ONS said."

Promotions mean less margins and Joules warned they were hasving troube selling at full price.

"Friday's numbers come after research from data provider GfK showed that U.K. consumer confidence slumped to its lowest level since records first started to be kept about half a century ago. The August reading from GfK's consumer confidence index fell to minus 44, below the previous monthly mark of minus 41.

The decline suggests widespread pessimism about the state of the U.K.'s economy. Consumers are reining in major purchases as they fret over several dark economic clouds ahead, including the first double-digit annual increase in prices since 1982 in July."

It isn't surprising consumer confidence is plummeting, everyones striking trying to get better pay, energy prices going through the roof and most other things like food and clothes going up with warnings of worse to come.

[debsdowner] 19/8/2022 09:10

Joules came out with dreadful trading statement this morning, just about everything poor and announced they would lose money in first half. This isn't good news for MARKS tie up with Joules clothing.

In other news retail sales climbed 0.3% on month ahead of forecasts but bear in mind its holliday season and the first proper year where people could go abroad.

But 0.3% rise isn't enough to deal with inflation running at some 10%-13% but possibly be less on clothes, but even so it isn't enough and most retail stocks are down this morning.

[ccsicemanandrew] 19/8/2022 08:52

Eeveryone wants to out do the previous forecast. It will be 7000 in a month

[cjohn] 18/8/2022 21:43

In any case, a "collapse" in property prices would have been positive for many reasons.

[debsdowner] 18/8/2022 20:14

Energy cap could rise to £5,600 by nest Spring

[debsdowner] 18/8/2022 12:27

LIDL to cut back on "middle aisle" bargains as cost of living taking it's toll and it's shoppers relutant to spend less than £20 on any one item. The report also says ALDI also cuttimng back on middle aisle as it costs too much for storage.

ALDI have a far more extensive stock of middle aisle bargains and this is what drew shopers to their stores.

I don't expect either retailer to close it's middle aisles but other retailers such as B & M bargains supply similar products and so do WILKO apart from clothes.

[debsdowner] 18/8/2022 12:21

AOL goes into a £37 million loss. White goods are a very competitive area and have been for years:

hxxps://www.retailgazette.co.uk/blog/2022/08/ao-electricals-online/

Made.com in trouble and needs funding having lost 95% of it's share value

[debsdowner] 18/8/2022 09:52

IFS says contenders for PM in UK tax cuts unsustainable and two thirds of households to be in fuel poverty this Autumn

[darrin1471] 17/8/2022 18:01

I need to correct something I said on Monday.

29/07/22 The Competition and Markets Authority (CMA)are specifically investigating ASOS, Boohoo and George at Asda to scrutinise their ‘green’ claims.

10/01/22 The CMA commenced a review of environmental claims in the fashion retail sector. The initial review was not Boohoo specific.

[debsdowner] 17/8/2022 13:11

Shore Capital thinks ALDI will overtake MORRISONS within weeks which concurs with my thoughts, analysts had previously forecast it could be into next year before ALDI became one of the big 4.

This will be a reality check for the big supermarkets and keep them on their toes.

As the cost of living kicks in more and more shoppers will change to ALDI even if not for all their shopping.

[diku] 17/8/2022 09:56

And the same people said property prices would collapse after Brexit vote...did it?...

[debsdowner] 17/8/2022 09:48

Inflation figures spooking the market which were above forecasts and as such gilt yields up, and probably we will see an interest rate rise of 0.5% come next month.

[xxxxxy] 17/8/2022 07:52

OBSERVATIONSThere is no doubt that the UK's economy, just like many EU27 economies such as Germany's, is facing difficult times.With the Bank of England's Governor this week telling the British public to expect a prolonged recession, it is hardly surprising if people start to cut back on non-essential expenditure. This in turn makes the prediction of a recession a self-fulfilling prophecy.The Facts4EU.Org team's view is that we all have enough to worry about with the rise in energy prices - caused mainly by Putin's illegal invasion of Ukraine – and we certainly do not need the Governor of the Bank of England talking the UK's economy down.All we have had from the 'experts' since before the EU Referendum are prognostications of doom and gloom. More than six years of this and none of it has come true.Now we genuinely face difficult times caused by global energy price pressures, the race to Net Zero, and the overreaction to the Covid pandemic. None of this is remotely connected with Brexit.And in the first half of 2022 the UK economy grew overall. There may be trouble ahead but let's not get too depressed, too soon.... Facts4eu.org

[xxxxxy] 17/8/2022 07:49

 James Warrington17 AUGUST 2022 • 7:44AMInflation crisis wipes out 16 years of pay growth ?FTSE 100 closes 0.4pc higher at 7,536Ben Marlow: Our out-of-touch water watchdog is drowning in denialSign up here for our daily business briefing newsletterInflation has surged into double digits for the first time in 40 years, piling more pressure on households as they brace for another jump in energy bills.The consumer price index rose by more than expected to hit 10.1pc last month, according to figures from the Office for National Statistics. That's up from 9.4pc in June and marks the highest level of inflation for more than four decades.Core inflation, which strips out volatile food and energy costs, hit 6.2pc. The retail price index, which is used for pricing some public services including train fares, rose to 12.3pc.The figures suggest there will be no let-up for British families battling the cost-of-living crisis, with the Bank of England warning that inflation will peak above 13pc later this year.Food prices were the biggest driver of inflation in July. It comes after figures released by Kantar yesterday showed annual grocery bills will rise by £533 this year as food prices increase at the fastest rate since the financial crisis. Another sharp increase in the energy price cap is also expected to plunge the UK into a year-long recession and spark the biggest fall in living standards since records began in 1963.The latest inflation figures will fuel speculation of further sharp interest rate rises after the Bank raised rates to 1.75pc earlier this month. That was its sixth consecutive increase and the biggest in 27 years.... Daily Telegraph

[philanderer] 16/8/2022 21:09

Read across from Walmart this afternoon ?

[debsdowner] 16/8/2022 19:51

darrin, I read some time ago Morrison were losing sales for the sake of margins and that looks like it may be backfiring but difficult to analyse on simple loss of sales.

Even KANTAR sales can be misleading, they calculate market share but that depends on how much the population is rising.

I know this is a ridiculous example but if your population increased 10% and you market share is static your sales increase by 10%.

On balance I would suspect MARKS food are holding up and growing but I don't know about fashion and home.