Marks And Spencer Share Discussion Threads

[freedom97] 20/9/2017 12:08

"Retail sales growth boosted by clothing"

"UK retail sales grew by 1% in August compared with the previous month, with sales of clothing and non-essential items reported as strong.

The Office for National Statistics (ONS) also said that compared with last August, sales volumes were 2.4% higher.":

[simon templar qc] 19/9/2017 21:32

The rise in the £ will assist retailers in the crucial run up to Christmas where normally the bulk of the profits come in last quarter. Christmas a make or break. I think MKS will do OK.

[philanderer] 19/9/2017 21:22

Kantar Worldpanel’s latest prognosis of the grocery sector dominated the top movers on the blue-chip index with J Sainsbury and Marks & Spencer the big winners from the latest sales figures, rising 6.1p to 243.1p and 11.4p to 340p, respectively.


Telegraph

[simon templar qc] 19/9/2017 19:41

B&Q tomorrow expected to show a poor performance.

Retailers seem to be having a bounce lately I think in part due to the £ its a balancing act.

Increase £ decreases inflation as we are importing more, but increase in interest rates and with high consumer debt and mortgages will stifle consumer spend!

Its a no win situation and a simple tinkering around with tools. I assume there will be an impact either way but it will affect companies different ways. The higher £ will affect UK manufacturers.

Has there been a material change which will affect retailers?

In the short term possibly- imports (clothes) will be cheaper from manufacturer, but the pain may come later if the BOE does increase interest rates, it could push GB into a recession.

These are not just my own thoughts many analysts agree.

[philanderer] 19/9/2017 17:15

MKS and DOM doing it for me today. 😀👍🏼

[simon templar qc] 19/9/2017 10:59

John Lewis sales up fashion seems to be gaining market share...



freedom the £ being engineered if they raise interest rates it will have a detrimental affect in consumer spend.

[freedom97] 19/9/2017 10:22

Retailers getting ii's attention due to expected strength in £ as Bank of England starts to raise interest rates. Three banks so far expect interest rates to go up in November.

[hiddendepths] 19/9/2017 10:15

Upwardly mobile again for whatever reason.

[philanderer] 19/9/2017 07:22

Credit Suisse. , neutral, tp. 370p

Reiterates

[qantas] 18/9/2017 17:30

Shorters going up again today at 10.25% or 166,535,194 shares to buy back.

www.shorttracker.co.uk/company/GB0031274896/

Please do your own research....

[freedom97] 18/9/2017 14:41

Afternoon All,

I heard on Radio 4 before that lots of people in Nuneaton signed a petition to bring back M&S as they closed their store a few years ago.

Now if that's not proof that people love & miss M&S then I don't know what is. ;o)

[jpjohn1] 15/9/2017 16:49

Mks + 9.2p on the week for you chaps, sold yesterday morning 60k at just the right time, I think more luck than judgement and made a nice profit, mind you it took 3 times to go through. If you still hold them I hope they go up enough for you to make a nice profit. Still think this is the best name on the high street, and might be back in them sometime. Have a great weekend whatever your doing Jp

[freedom97] 15/9/2017 08:28

Morning All,

I see Shorts still closing, on 7th was 9.95% remaining, today showing that on 12th is 9.79%. I would have thought many closed yesterday too, should know next week.

[freedom97] 14/9/2017 17:52

Excellent volume of 18m today, let's hope this is the start of share price recovery for MKS.

Onwards & Upwards!

[simon templar qc] 14/9/2017 14:24

phil, I will go along with that in fat the £ is now rising on BOE hint but its being engineered!

The inflation factor will decrease next year and the year after, unless sterling plummets again but in the meantime some retailers will struggle.

I still think there is a possibility of a large retailer going under, but not certain which one.

[philanderer] 14/9/2017 14:06

yep , maybe ST .... how about this ?


Two of Britain’s biggest retailers have signalled some respite for cash-strapped consumers by predicting that Brexit-related price rises would come to an end next year.

Clothing retailer Next and supermarket chain Morrisons have both issued upbeat forecasts saying the impact of the weaker pound in driving inflation higher should start to diminish in early 2018

[simon templar qc] 14/9/2017 14:03

phil,

I disagree. JL made £18 million after tax on 5 billion of sales and they are in talks with HMR on dispute over minimum pay, if that doesn't go their way it would have amounted to a loss for first half.

Its all in the detail!

Then you have talk of interest rate rises sooner than expected on high house prices a possibility, all does not bode well for consumer spend.

The reality is sooner or later a large retailer will hit the wall, JL have already forecast a challenging second half, they are having to reduce selling prices to maintain sales momentum.

[philanderer] 14/9/2017 13:52

Marks & Spencer has opened a standalone food store in Dubai

[philanderer] 14/9/2017 13:52

ST, it looks though it's just 'not as bad as expected' , reasonably upbeat this week from Primark (ABF) , DNLM and now NXT.

[simon templar qc] 14/9/2017 10:55

phil,

Not certain what has got retailers moving, when you read both NEXT and John Lewis their statements aren't that inspiring. John Lewis outlook is even worse of the two.

I could understand it if MARKS was marked up on JL getting in trouble and to be honest that is entirely possible they have quite a large pension deficit.

Net profits at JL on 5 billion of turnover abysmal and concerning!

[m4rtinu] 14/9/2017 10:16

Any thoughts on Ms MacDonald, new MD of clothing etc?

[careful] 14/9/2017 10:08

thinking of adding.
retail is healthy, mks looking good.
mks team of Rowe and Norman first rate.
amazon threat overblown.
looking for 450p+ here over the next 12 months.

[freedom97] 14/9/2017 10:06

You must have sold over a year ago VK74.

Well, you can buy way below 415 now! bargain price now at just 339!!

Not seen you post here before.

[vk74] 14/9/2017 09:56

I sold at 440 will get back in bellow 415

[freedom97] 14/9/2017 09:55

Shorts still open as of 7 Sept now 9.95% (was 10.15%):