Hi, I am out of here at the moment and I am in LGO but I have not ruled out getting back in. Basically FC in retail are having an absolute car crash at the moment, like many other clothing retailers this season like AW14 has been a disaster. However, most other clothing retailers do not have the issues FC have in terms of long leases, high rents, poor hit rate and slow stock turn. I believe anything is on the table with regard to their retail business and yes a dozen stores in 3 years is realistic. One of the biggest worries is Numis have still not released a target price.
22 Jun '15
dalooks1- a dozen standalone stores
Been a while. Is very disappointing that Marks has not his act together yet. I have always thought this would be the year they would start making a meaningful profit, looks like I was too optimistic. You mentioned before that they could have a dozen standalone stores in a couple of years, how realistic is this? Not sure how many they currently have here. Also, after what seemed like good progress in 2014, what has gone wrong recently and how do you reckon the existing management team can pull it around? Thanks
16 Jun '15
Not really as you are irrelevant, Next has a mkt cap of over £11 Billion and they are not on sale? What is your point?
15 Jun '15
Dalooks Ted Baker has a sale on with the same 50% off. Is £1.3 billion Ted Baker panicking? I hope this hasn't annoyed you me challenging you and that you don't say that I was probably bullied at school and stuff like that which is what you usually do to anyone who has a different opinion
15 Jun '15
If you are right then that is a poor show, no profit guidance and no target price from their broker. FYI they went on main sale today which is very early, the sale e-mail landed in my inbox at 5pm today. Obviously a panic move.
12 Jun '15
No trade statement until Sept
Base on the record of last two years, the next statement will be the half year report in middle Sept.
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