Marks And Spencer Share Discussion Threads

[diku] 22/5/2018 11:07

That is a lot of closures...it will become ghost towns...or maybe Lidl or Aldis


Marks & Spencer is to significantly scale back its UK store expansion and close a hundred shops in the next five years, the firm announced on Tuesday.

The company will close the 100 stores by 2022 as it accelerates what it described as a “transformation programme”.

M&S has faced tough competition from online competitors amid flagging sales of its clothing, especially among young consumers.

The London-based firm announced 14 stores are earmarked for closure before the end of 2019, potentially affecting hundreds of staff.

[moorsie2] 22/5/2018 11:01

looks like MMs are trying to shake out holders for the last week. Augers well for tomorrow

[philanderer] 22/5/2018 10:39

Let's hope all the sh*te is already priced in before those finals are released tomorrow.

[diku] 22/5/2018 10:29

One needs to have a gaffe to talk...


‘The shares have recovered c.10% over the past week to 9.8x price/earnings ratio and we seek further tangible progress on the strategy and financial comfort to build out conviction.’

[philanderer] 22/5/2018 09:52

Jefferies: recovery momentum at M&S


Shares in Marks & Spencer (MKS) have started to recover and Jefferies believes the strategy at the high street stalwart will ensure it continues.

Analyst Niraj Amin retained his ‘buy’ recommendation and target price of 370p on the shares, which rose 3% to 300.4p yesterday.

‘A challenging end to M&S full year 2018 is already widely anticipated, so we expect the focus at M&S full-year results to be on strategic progress and the cost of achieving these goals,’ he said.

‘The shares have recovered c.10% over the past week to 9.8x price/earnings ratio and we seek further tangible progress on the strategy and financial comfort to build out conviction.’

However, risks remains from a ‘UK consumer slowdown, execution risk during the shift in space from clothing to food, inflation, [and] rebasing food gross margin’.

[ignoble] 22/5/2018 07:31

They were tough times ...fortunes wiped out overnight.

[diku] 22/5/2018 07:28

In other words known as a giant Casino!!...it all changed after the tech boom and bust of 2000....the Marconi and others!!!...

[ignoble] 22/5/2018 07:25

Hedge Funds not much different to all of us who play the market

Just gambling

All the stock market is ...rich mans horse racing

Imho

[qantas] 21/5/2018 21:55

Made loads of money today out of the short tracker list today MKS DEB OCDO NXT.

New trend on the way up we go now.

Shorts doomed to failure.

Some badly burnt fingers shorting very small free float.

Buffett has shown in his yearly letter to shareholders that Hedge Funds are less successful over time than index trackers... so let's not assume they are all geniuses who make correct calls every time.



Please do your own research.

[tlobs2] 21/5/2018 17:36

As mentioned elsewhere, there are several significant short positions still open here.

I suspect there will be considerable @rse twitching moments in the various crisis meetings tomorrow morning when they try to estimate how much it's likely to cost when they do eventually get to close their positions.

[knowing] 21/5/2018 16:33

Closed on the days high

[moorsie2] 21/5/2018 16:32

Crucially broke through and held above the 297-298 barrier

[qantas] 21/5/2018 15:28

Some badly burnt fingers shorting.

Please do your own research.

[moorsie2] 21/5/2018 12:49

Imagine what a merger of Ocado and M&S would do to valuations!! $$$

[moorsie2] 21/5/2018 09:53

knocking on the door of 298 for a third time - one of these times it will break through....

[philanderer] 21/5/2018 09:21

'UK high street braces for more store closures'


House of Fraser, Marks and Spencer and Next look for ways to cut costs

[philanderer] 20/5/2018 23:21

diku , thanks for the heads-up ... 9pm 👍

[whatsup32] 20/5/2018 20:17

Thanks Phil - diku

[diku] 20/5/2018 19:06

Don't forget to watch Mks programme on channel 5 this Thursday...

[philanderer] 20/5/2018 18:31

And here...

"Marks & Spencer to reveal dozens of store closures"

Staff braced for announcement as retailer’s restructuring plan gathers pace

Hundreds of Marks & Spencer staff will find out as soon as Monday whether their store is closing, as the retailer accelerates its retrenchment from struggling UK high streets.

The M&S chief executive, Steve Rowe, is shutting 100 of its large clothing and food shops amid falling sales and profits. It has already closed 20, affecting about 900 jobs, but staff are braced for the axe to fall on another tranche of stores before the announcement of its annual results on Wednesday.

The closures are part of a plan announced 18 months ago to slash the amount of shopfloor space devoted to its ailing clothing ranges. Initially, just 30 out of a group of 105 underperforming stores were to shut but Rowe has decided on a more aggressive closure plan as sales move online.

The City is expecting M&S to report a second year of falling profits with analysts pencilling in pretax profits of £573m, down from £614m in 2017. Clothing and home like-for-like sales are forecast to be down 1.1%, with food sales dropping by 0.2%.

Rowe will flag price cuts this week in the food and clothing aisles as M&S attempts to fight back against the growth of value chains such as Primark, Aldi and Lidl. He will also announce investment in the warehousing needed to support the growth of its website.

Shore Capital analyst Clive Black predicted an improving trend in clothing sales but felt that the food business had fared less well. “It’s the perpetual conundrum of M&S,” he said. “Can it get the stars aligned and both businesses growing at the same time? Not yet.”

[whatsup32] 20/5/2018 09:06

Sunday times , couple of articles. Usually accurate.
Marks is set to speed up its store closures as it reports another year of falling sales. Store closures will increase from 60 to 100. Encouraged by the results of Warrington closure. Expect like for like clothes 1.1% drop and food .2%