Marks And Spencer Share Discussion Threads

[simon templar qc] 11/7/2017 18:24

QANTAS

Here is some information on 21 which does provide a link to Marks...

[freedom97] 11/7/2017 18:19

For over a year now the food side of the business has always done well, I think the slight negative news on the food side today will be short lived. What the market has failed to realise today is that for years the clothing side of the business has not been good, yet todays update clearly shows the first signs that Steve Rowe has turned the clothing side around, so this is just the start. Steve did say last year that the changes they make to transform the company would temporary affect profits.

Hopefully after the market digests todays news, we could see a nice bounce tomorrow.

[jpjohn1] 11/7/2017 18:11

You will see this bounce back by the end of the week, I bought 60k today

[essentialinvestor] 11/7/2017 18:05

Nick was a retail sector analyst when I was a teenager!. He's still about.

[philanderer] 11/7/2017 18:00

Nick Bubb’s verdict: M&S – food bad, clothing good?

[simon templar qc] 11/7/2017 17:47

The correct spelling of "our" is as posted not "out" as you have posted. Just saying!

LOL

[qantas] 11/7/2017 17:43

Simon the saint no point our views differ.

[simon templar qc] 11/7/2017 17:35

QANTAS

But its not as simple as that, is it!

You see if 21 have gone bust customers will have to go elsewhere and so will any other retailer who goes bust.

That is why its important to be aware of everything about you, which with respect you don't appear to understand.

You might be better on the one hand bandit.

[freedom97] 11/7/2017 17:28

Re. that Fashion chain that's gone into liquidation is good news for M&S, the more fashion retailers that go out of business means less competition. Their customers (the ones that regulary shop there) will now have to buy from elsewhere. I'm not saying they will all now buy from M&S but...

They've obviously gone into liquidation because most shoppers didn't like their product range. I think any suggestion it's due to women buying less clothes nowadays is rubbish imo, don't forget the UK population has also grown to highest level ever plus more in work than ever before.

[qantas] 11/7/2017 17:18

Simon the saint I thank you for your comments and I do understand retail and all what is going on in the World.
However..
This thread is a MKS one if you didn't know? if MKS worked with Twenty One then fine but they don't so I see your post as pointless.

[philanderer] 11/7/2017 17:15

M&S boss Rowe downplays food like-for-like drop

Marks & Spencer boss Steve Rowe has downplayed the significance of the like-for-like dip in its grocery sales during the first quarter of the year.

Total grocery sales grew 4.5% to £1.4bn but like-for-likes dipped by 0.1% in the 13 weeks to July 1, 2017.

It comes off the back of a 0.9% like-for-likes drop in the same quarter last year.

Rowe admitted that there was “some element of cannibalisation” at play due to the business’ store opening programme.

He added: “That is offset a little bit by the fact that we have some stores on their second year of growth, and we get better growth in those stores, but we have got some movement in the estate.”

Total grocery sales grew 4.5% to £1.4bn but like-for-likes dipped by 0.1% in the 13 weeks to July 1, 2017.

It comes off the back of a 0.9% like-for-likes drop in the same quarter last year.

Rowe admitted that there was “some element of cannibalisation” at play due to the business’ store opening programme.

He added: “That is offset a little bit by the fact that we have some stores on their second year of growth, and we get better growth in those stores, but we have got some movement in the estate.”

Click here!
However he bristled at the suggestion that M&S’ grocery competitors were outperforming its upmarket offer, saying that many of the grocers were “playing the recovery game” and insisting that M&S was still on track with its food growth strategy.

Much of the grocery market is currently focused on a return to form, with Tesco and Asda attempting to mount recoveries with differing degrees of success.

Under Dave Lewis, Tesco’s full-year like-for-likes rose for the first time since 2009/10, in its last financial year.

Asda has found engineering a comeback more challenging, suffering its tenth consecutive quarter of falling sales in February.

Rowe maintained that Amazon’s swoop to acquire Whole Foods last month would not affect M&S’ online grocery strategy.

M&S will run a “small trial” over the summer to determine customer need for an online food offer.

Rowe has not disclosed any details of the trial but Retail Week understands that it could be closer to a Deliveroo-style offer than anything designed to compete with the big four.

“In the nicest possible way, Whole Foods have 10 stores,” he commented. “We are concentrating on what we’re doing and we haven’t lost a penny by not being online so far, let’s be very clear on that.”

M&S’ grocery business continues to boost its challenged clothing and home division.

Clothing and home sales fell 1.2% on a like-for-like basis in the 13 weeks to July 1 and inched down 0.5% on a total basis to £852.1m.

One bright spot was the climb in full-price clothing and home sales as M&S pressed ahead with its strategy to reduce the number of items sold on promotion. This jumped 7%, following an 11% rise in the retailer’s last full-year.

[simon templar qc] 11/7/2017 16:26

A fashion retailer goes under its obvious. if you cannot understand what is going on in the economy whether it be other retailers and or consumer spend you should think twice about investing!

[qantas] 11/7/2017 16:02

Simon the saint what has this to do with MKS only please....

[simon templar qc] 11/7/2017 15:50

Store Twenty One goes into liquidation
Posted at
14:46
Discount fashion chain Store Twenty One was gone into liquidation, the Insolvency Service says.
The chain had failed to secure investment after going into a Company Voluntary Arrangement in July 2016, said administrators Quantuma.
The collapse meant the closure of Store Twenty One’s remaining 122 stores and the loss of 900 jobs, Quantuma says.
Quantuma partner Simon Bonney said: "It is very sad that matters have got to the stage where all the stores were closed by management on Friday following a prolonged period of uncertainty leading up to the liquidation.
"We are now in the process of conducting an orderly wind down and we would welcome contact from any interested parties who may wish to purchase assets of the company."

[qantas] 11/7/2017 15:43

Shorters have now made the money so they need to buy them back....

[eisler] 11/7/2017 14:13

Went to the Silverlink store today - men's suit trousers lacking in size availability, wrong sizes on hangers and jackets on hangers the wrong way round. Tiny things - but a sign of general decline in standards. Not what you would expect from M&S.

[philanderer] 11/7/2017 14:05

Well , it's getting a good trashing today and not bouncing back with the market.


M & S's Posh Food Flight

It's one step forward, two steps back for Steve Rowe, chief executive of Marks & Spencer Group Plc.Just when there are signs of improvement in the retailer's troubled clothing division, the chichi food arm starts to wobble.

[philanderer] 11/7/2017 13:32

Brokers notes here , with numbers from Barclays, Stifel and Morgan Stanley....

[gswredland] 11/7/2017 13:32

Agreed ST I think dividend is safe.
Think that we may even see sub 300 in coming months though

[simon templar qc] 11/7/2017 12:19

Article slightly misleading total food sales up 4.5% like for like fell 0.1% that is why Rowe can keep to guidance. On these figures dividend seems safe.


DYOR press can be misleading!

[philanderer] 11/7/2017 12:14

For sure ST , as long as that dividend looks safe I`ll continue to hold.

I didn`t see any predictions from the experts that we would see a fall in those food numbers, that wasn't expected at all and has done most of the damage albeit on a poor market day.

-------------------

Kathleen Brooks of City Index is also concerned that M&S is falling behind other food retailers.

The best way to sum up M&S’s Q1 sales was disappointing. Not only did the clothing and homewares sector see another 1.2% drop in sales, the second consecutive decline, but the all-important food sector also saw a decline in sales, dropping 0.1%, whereas estimates had looked for a pick-up of 0.6%.

Unsurprisingly, the share price has dropped at the UK open, as investors’ lose confidence in the outlook for the UK high street stalwart.

[simon templar qc] 11/7/2017 12:08

phil I agree.

But what I would say is MARKS a fantastic brand name, if there is a fallout with some of the other premium brands I would expect Marks to mop some of it up.

There is bound to be a fallout sooner or later Brexit isn't helping. Consumer spend set to get worse I see no to little growth for most retailers whether they be food or household/fashion.

Bricks and mortar difficult but some will survive.

[philanderer] 11/7/2017 12:06

'M&S should pay Living Wage and change negative narrative surrounding the business'

[simon templar qc] 11/7/2017 11:49

Waitrose + 2.1%

ALDI and LIDL growing at 18% eating into all food stores sales.