Marks And Spencer Share Discussion Threads

[dugganjoe] 28/6/2011 09:07

looking goooooooooood

[dugganjoe] 27/6/2011 09:57

DEPARTMENT store chain John Lewis posted its best weekly performance of the financial year so far, with sales up 8.6 per cent in the week to 18 June....

[alphahunter] 16/6/2011 11:24

Isis,

Come-on, give us the update on H&M and this morning's appalling retail sales in May by the ONS.

I wonder whether the strong performance at Mulberry is thanks to all these Chinese tourists buying bags on their way to grab a sandwich at MKS (lol).

Anyway, I'm out of this MKS trade, and they'll do fine against the rest of the market.

As "feared", TSCO came with disappointing numbers, I sold my long position when they said that May was quiet at the BRC conference.

My only long position in retailish is WGB - Walker Greenbank - actually not retail but homeware. Still short the General Retail Index and the one opened in Carpetright is - as expected - a bit sluggish given the game played by DMA Level2 day-traders & market makers, but in profit.

On June 10th, I mentionned "the contruction sector - whether materials or engineering services or developpers" as a one to short. Well neither Atkins, Ashtead nor SpeedyHire are doing great this morning. Ans this is not just the general stock market coming off, this is order intake / new orders in the construction sector slowing dramatically in the last two months. More will come.

Good Luck and Good trades.


By the way, MKS has agreed a new pricing framework for milk suppliers - positive impact for Robert Wiseman?

[isis] 16/6/2011 07:26

The growth is overseas:-

MULBERRY GROUP PLC ("Mulberry" or the "Group")

PRELIMINARY RESULTS FOR THE YEAR ENDED 31 MARCH 2011

Mulberry Group plc, the British luxury fashion brand, is pleased to announce a strong performance for the year ended 31 March 2011.

FINANCIAL HIGHLIGHTS

· Revenues increased by 69% to £121.6 million (2010: £72.1 million)
· Retail sales up 44% to £73.5 million, like-for-like up 43%
· Wholesale shipments to third-parties up 130% to £48.1 million
· Profit before tax up 358% to £23.3 million (2010: £5.1 million)
· Basic earnings per share up by 473% to 29.8p (2010: 5.2p)
· Proposed dividend up 82% to 4.0p per share (2010: 2.2p per share)

OPERATING HIGHLIGHTS

· 9 new stores opened during the year in Beijing, Hong Kong, Malaysia, Korea, Qatar, UAE, the Netherlands and Sydney
· New flagship store opened at 50 New Bond Street, London
· Global expansion continued with international revenues growing 145% to £40.5 million (2010: £16.6 million)
· Online sales grew 64% to £9.2 million, accounting for 8% of sales
· New London headquarters opened on Kensington Church Street

CURRENT TRADING AND OUTLOOK

· Retail sales up 38% for the 10 weeks to 4 June 2011, like-for-like up 42%
· Like-for-like UK Retail sales in full price stores and department store concessions up by 33% for the 10 weeks to 4 June 2011
· With 5 months selling left of the Autumn/Winter 2011 season, third-party orders are already 38% ahead of Autumn/Winter 2010 total orders
· New store openings scheduled for New York, Amsterdam, Germany, Korea, China and Bangkok over the next 10 months
· Expansion of the Somerset factory under way, creating 50 new manufacturing jobs and adding 30% to UK production capacity

GODFREY DAVIS, CHAIRMAN AND CHIEF EXECUTIVE COMMENTED:

"Mulberry has increased sales by 69% year on year and delivered a step change in profitability. Strong demand in all markets has continued into the new financial year and the outlook for the Mulberry brand is positive. While we remain cautious about the global economic environment, we are focused on accelerating our international expansion."

[isis] 15/6/2011 09:39

One of my other Companies PFD lost a Pie Contract to them as they couldn't make any money out of it.

That's a Pie in the Eye.

[gruss] 15/6/2011 09:34

ISIS


Agree we often have the dine in for 2 deals.

Unfortunately they have to squeeze their suppliers to keep we investors happy.

[isis] 15/6/2011 09:25

Their Dine in for 2 is far superior than the rivals too. They do squeeze the life out of their suppliers though.

[gruss] 15/6/2011 09:22

Im at my holiday cottage this week ånd having to fend for myself I went to MKS and bought some of their microwave meals. The offer was 3 for £5.00 and they were delicious. I have in the past tried ASDA 4 for £4.00 and their is just no comparison.

Perhaps you do pay a little bit more but for quality it is definately worth it.

[stdyeddy] 15/6/2011 09:14

probably true but F&M has a tiny customer base

[isis] 15/6/2011 09:12

M&S are gaining market share from Fortnum & Masons.

[stdyeddy] 15/6/2011 09:10

ppl trade down when money's tight. m&S to sainsburys, sainsbury's to tesco, tesco to co-op, co-op to the allotment...

[isis] 15/6/2011 09:06

The Co-op.

[stdyeddy] 15/6/2011 09:06

where do you think sainsbury's extra market share is coming from? tesco is holding onto it's customers and the uk market is finite.

[isis] 15/6/2011 09:02

Where does it say Sainsburys are taking customers from M&S?

It will be choppy but M&S have overseas plans.

[stdyeddy] 15/6/2011 09:00

Sainsbury's is up, but only because it's taking customers from M&S. The m&s food offer is overpriced imo and clothing sales always suffer in a recession. i reckon this one will continue downward after a pause. anyone got any good reasons why it shouldn't?

[isis] 15/6/2011 07:46

That would be the Wife then. ;-))

[gruss] 15/6/2011 07:38

According to Nationwides latest Consumer confidence survey it has risen to 55 percent in May which has bounced off from a low of 40 for February.

[isis] 15/6/2011 07:07

Fashion retailer Ted Baker sees sales boosted by foreign expansion
By RUPERT STEINER
Last updated at 12:28 AM on 15th June 2011

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Expansion abroad helped fashion retailer Ted Baker post a 15pc leap in total sales over the past 19 weeks as the group shrugged off the impact of rising cotton costs.
The firm which has concessions in department stores in America, Spain and Portugal opened new stores in Manchester, Paris and Hong Kong this year and has ambitious plans to break into China.

In fashion: Ted Baker bucked malaise that dragged down others in retail sector

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Latest Ted Baker share price {thisismoney.co.uk}

It has bucked the general malaise that has dragged down others in the retail sector including troubled New Look.
The chain, which had its beginnings as a menswear brand in Glasgow in 1987, said it expected wholesale sales for the full year about 10pc ahead of last year.
Chief executive Ray Kelvin said: 'The group has made a good start to 2011.
'Our collections have been well received across our international markets as we continue to expand the brand into new territories.'
Ted Baker (up 59p to 783p), which also has operations in the Middle East and Asia, said wholesale sales for were up 42.1pc, while retail sales rose 9.4pc.


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[nicd] 14/6/2011 07:49

just read the holdings RNS and was going to blame the antichrist Blackrock for this fall but in fact, it refers to sales from 31st, so started the drop but joined in by others.

[alphahunter] 13/6/2011 16:29

Carpetright just on the short side now as I'm out of MKS; it's a difficult one, not very liquid, with lots of games going on in the order book, and tricky because it is a consensus short.

Cheers and good luck.

[alphahunter] 13/6/2011 08:40

Remaining of the short position covered at 358.3p.
Can't see much alpha left and expect now to move with the market, or may be better on the back of the "defensive" characteristics of the stock.
Tesco to report soon (tomorrow?), is it another one that had run ahead a little bit of itself? Possibly, but no to the extend that MKS had, but I'll stay on the side-line.

[alphahunter] 12/6/2011 11:35

Isis,

Good article that one.
Thanks.

Alphahunter.

[isis] 11/6/2011 14:06

Grocers make a regal profit thanks to Royal Wedding and warm weather
By DAILY MAIL REPORTER
Last updated at 10:05 PM on 10th June 2011

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The Royal Wedding and warm weather in April boosted High Street sales including those at Tesco and Sainsbury's as people rushed to buy food for street parties.

Party time:The Royal Wedding and warm weather in April boosted sales
But both supermarkets are expected to report muted sales next week as household budgets were squeezed by the sky-high food and energy bills.
Analysts expect Tesco, the country's biggest retailer, to show a 0.6pc rise in sales at its UK stores when it reports its first quarter trading figures on Tuesday.
This is an improvement on the 0.7pc fall the retailer posted in the previous quarter.
The string of Bank Holidays allowed overall high street sales to rise by a robust 1.1pc in April – the biggest rise since 2002.
But the resurgence appears to have run out steam.
Sainsbury's is expected to report a 1.3pc rise like-for-like sales for the 12 weeks to June 11 on Wednesday.
This compares to growth of 0.2pc in the last quarter.
But analysts at Espirito Santo say they do not expect Sainsbury's trading to be a 'significant outperformance relative to its peers.'


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