Marks And Spencer Share Discussion Threads

[philanderer] 08/6/2017 21:47

M&S boss to pocket bumper £1.6million pay package despite falling profits at the retailer


Read more:

[boraki] 08/6/2017 09:42

Well, we need a miracle to move this up, that's for sure

[opodio] 08/6/2017 09:28

lots of talk of tory landslide this could fly tomorrow

[philanderer] 07/6/2017 08:10

Deutsche reiterating HOLD

[willoicc] 06/6/2017 15:36

"Buy now, wear now"

Why else do people buy clothes?

[freedom97] 06/6/2017 12:03

Perhaps some of 'New Look' and 'Next' customers are now shopping at M&S instead, after all the improvements M&S has made, plus the publicity surrounding it, may have encouraged shoppers to have another look at the new M&S range.

[boraki] 06/6/2017 09:49

New Look Struggles With Shoppers’ ‘Buy Now, Wear Now’ Mentality
by
Eric Pfanner

@ericpfannerMore stories by Eric Pfanner‎06‎ ‎June‎ ‎2017‎ ‎08‎:‎22 ‎06‎ ‎June‎ ‎2017‎ ‎09‎:‎38

• U.K. fashion retailer reports annual loss as sales decline


• Retail environment ‘more competitive than ever,’CEO says

New Look Retail Group Ltd. added to the gloom among Britain’s clothing retailers, reporting a full-year loss and warning of challenging times ahead as online competition increases and shoppers seek instant gratification.

The pretax loss was 16.6 million pounds ($21.5 million) for the year through March 25, the South African-controlled company said in a statement Tuesday. Sales fell 2.4 percent to 1.45 billion pounds, while the New Look brand’s like-for-like revenue declined 6.6 percent.

New Look, which operates 872 stores selling fashion mainly for women and teenage girls, joins other U.K. apparel sellers such as Next Plc and Marks & Spencer Group Plc in the retail doldrums. The chain, majority owned by Brait SE, said shoppers are growing ever more trend-conscious and harder to please.

“The retail environment is now more competitive than ever,” Chief Executive Officer Anders Kristiansen said. “We have seen a growing shift in customer mindset during the year to a ‘buy now, wear now’ mentality, which challenges us to be even faster in identifying and responding to trends, buying with more conviction and becoming ever more agile.”

New Look’s weak results add to the woes of Brait, an investment company whose biggest shareholder is South African billionaire Christo Wiese. In March, Brait said it would not proceed with plans to move its registered office to the U.K. from Malta, citing uncertainty stemming from Britain’s vote to leave the European Union.

[boraki] 06/6/2017 09:20

Mmmmm, interesting,,,,,,

[freedom97] 06/6/2017 07:58

Morning All,

On the 23 May Quantas posted "Shorts now at 8.09%", I've just checked and I see shorts have reduced now to 7.49%.

[philanderer] 05/6/2017 21:18

Best one for me today. Bad day for the portfolio.

[diku] 05/6/2017 21:01

Think it was a figure of speech comment...

[alphahunter] 05/6/2017 13:34

Some posters are quite gullible about other posters' wealth. Why would one waste time posting frantically on ADVFN if one had a £1.5m diversified stock portfolio?

[tlobs2] 05/6/2017 11:15

Visited our local M&S yesterday and must say that I was impressed with some of the new products (clothes) on sale. Not only that their Sparks loyalty card was very useful.

I think that they may have turned the corner :-)

[boraki] 05/6/2017 09:09

HSBC Holdings plc Reiterates Buy Rating for Marks and Spencer Group Plc (MKS)

435P

[larva] 05/6/2017 09:03

gee
*blush*

One tries

[freedom97] 05/6/2017 08:58

Wow! you must have about 50,400 shares to get £6k Divi. Lucky you.

[larva] 05/6/2017 08:50

Seems to want to go up at the moment delighted to have bagged a 6k dividend

[gswredland] 03/6/2017 11:36

Yep,I think this will drop back to 340 level after the initial excitement about Archie etc

[diku] 02/6/2017 21:42

Forget the divi just trade the moves...

[philanderer] 02/6/2017 17:26

Taking into account the dividend stripped out MKS -10p for the week

[alphahunter] 02/6/2017 13:18

From a valuation standpoint, MKS trades like a mid-growth company moving successfully into new territories / countries.

Yet structural and cyclical pressure at work on margins, pedestrian top-line growth, in two words: wholly overvalued.

The plunge in the share price has just white-washed the dividend and the "better-than-expected" results are well behind us.

[freedom97] 02/6/2017 09:56

I'm surprised the Chinese haven't made an offer for the company while the share price is very low.

[maurillac] 02/6/2017 09:55

me too !
m