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Yes very thin socks same at Zara I took em back and got a refund even with no receipt.
Doubt this lost its way company can survive much longer.
The proletariat need work but MKS can only offer limited positions.
Nowadays you need a bit more than just offering your labour.
The uglier thicker or Uni brainwashed you are the less likely you are to successfully sell your labour.
All successful enterrpises have the lot stiched up and have the pick of labour.
The sort of unemployed person nowadays is unlikely to own such resources.
They are marginalised and excluded.
Washing dishes or sweeping floors is about all they may get.
The food is good but I bought some socks a few months ago and every pair has developed holes in the toes - very poor quality - I can get much better quality from independent retailers for not much more in price. Accounts look like a mess. Will not be investing until they have proven they can get through the strategic turnaround they obviously need - I can see a kitchen sink coming.
Extinction Rebellion say Bangladesh will be under water by 2025 so how are Marks going to get their socks
or keep their socks dry?
Meanwhile in the Channel.....
another summers night another case of looking the other way.
How can you launch a 60 person canoe headed for UK from a Helicopter Patrolled beach in North Europe
without 'being seen'? huh?
No doubt RNLI will be getting 'the phone call'as soon as it hits the water at Calais.
The little do gooders will then rush to their lifeboats to act as faciliators and traitors
to this country repeating to themselves over and over "we are only interested in saving human life"
as they pocket the few £1000 quid in wages and possibly other payments .
Complicit in aiding and abetting illegal immigration
I sometimes think such articles are written and paid for by short sellers.... "free" websites need to make money from "free" web visitors...no?
Interesting read, albeit a bearish view
Didnt their branches all shut down or are earmarked?
Last time I was in their Oxford Circus one the stuff was
real rubbish for men.
'Fashion Guru' blah blah.
Theres this little in clique in Uk fashion all swapping posts.
The London College of fashion in the west end etc.
It may have been a strategic location in 1964s carnaby street but its all
sad they wont see outside the decades out of date bubble.
Primark is wiping the floor with them all.
mmm"No more cathedrals"
so...yet another "fashion guru" takes up the challenge
Marks & Spencer has poached Topshop's fashion guru Maddy Evans in an effort to boost its clothing credentials among younger shoppers.
Evans, fashion director at Topshop, is expected to arrive by November
Listening to staff is fine if theyve got anything worthwhile to contibute.
Bosses do not have all powreful magic wands.
They cannot create sales at the drop of a hat.
If you want to sell youve got to have something to sell.
And the people seeing it have to have money.
These are the hard realities and no amount of tweaking or tinkering can change that.
If the majority of people who spend some minutes of their precisous time just say
no to what your offering forget it.
Youve a huge loss on your hands.
Why some obscure woman or guy would be able to magically get it all together
They may get one thing right maybe 2 or 3 but the whole lot 100%?
Just nah impossib;le
Any influentual share-holders with regards to M & S in these chat rooms ? Vote me onto the board of directors!
Don't be silly "WGR"
Of course the bosses have a role to play they can insist on change. However you are sort of correct it is about the customers as they are who the bosses need to listen too in order to consider change. In order to listen to the customers the bosses need to listen to their staff who have first hand experience of dealing with customers views either "good or negative"
Its nothing to do with the boss.
They are impotent.
Like a watch with no hands quite useless whether it goes or stands.
Its to do with us the consumers
Naked Bumper Car night mmmm
Could you imagine the faces of the top executives if they told their wifes or husbands, due to their high position that they (the wives or husbands) had to wear M & S clothing from head to foot. LOL
Could see a few headline divorces!
Thankless task...due to demanding customers expecting more for their money than what is possible.....far too much competition for clothes....customers very fickle and loyalty is wafer thin in retail ....
No choice but to close stores and shrink the business....send out stock from a warehouse to whoever orders it using robots !!..
Still profitable, once the shrinking business has been adjusted ....and all the horrendous exceptionals removed.....
Listening to LBC this morning and their financial reporter was talking as though M&S have one last chance to sort out the mess or merge with someone else as their clothes do not appeal anymore. Imagine the shock when this company disappears
I don't really care about this woman the clothes the profits the stores
or anything much else at this banal firm.
So it's been confirmed. A 2 year stint is over. Let's hope for the sake of shareholders that this is not the first of many attempts to jump from what appears to be a sinking ship. So far markets haven't reacted to this news, but I get the feeling that a much bigger storm is brewing.
"Her lack of skill in clothes buying and supply chain appears to be the problem. But then the problem existed before she joined, didn't it?" Global Data retail analyst Maureen Hinton tweeted.
The former boss of Halfords had been parachuted into one of the trickiest jobs in retail with no fashion experience.
We were told she'd been hired for her "first-class customer knowledge" and experience in running high-achieving teams. In the end, that wasn't enough.
I guess the question has to be asked, who conducts the interviews and carries out the necessary due diligence?
This is shareholders money that is being played with. Was it a "fake it till you make it" scenario while benefiting from being on the payroll ?
"Despite the turnaround plan, profits have continued to fall, and Mr Rowe said this week that it had been a "troubled year" for the company's vital clothing and home division.
At the firm's annual general meeting on Tuesday he listed major failures, including not buying enough jeans for a February promotion.
"That led to us having some of the worst availability in casual trousers I've seen in my life," he said. "
Is this is slowly heading down to 185p as is sometimes the case when a cash call is initiated?
The traders wanted to get the MCAP under the £4 billion mark.....just got their way .....£3,994m
I decided to buy a few to mark the occasion
Just came across this which does not give me much confidence as a clear answer was not given which for many may lead to severe doubt:
Marks & Spencer’s clothing home and beauty business could find itself rudderless amid reports that its head, heralded as a saviour of the ailing division upon her appointment in May 2017, could be about to quit.
Reports on Sky suggest that Jill McDonald is considering her position, threatening to throw the division into fresh turmoil as it seeks to turn the ailing unit around but neither McDonald nor M&S itself will comment publicly
When asked several times on Wednesday night whether Ms McDonald was leaving M&S, the company declined to comment.
If Ms McDonald was to leave the company in the near future, her exit would be interpreted as a blow to Steve Rowe, M&S's chief executive.
Just weeks after the launch of a new London to Amsterdan direct Eurostar
serice the new mayor of Amsterdam has announced consultation plans
to shut down the entire red light window district!
The women are being ridiculed and mocked by slefie taking tourists.
What we gonna do?
Is there an MKS in Holland?
The bedsheet is wearing well after initial doubts
Am still very suspicious though of their menswear.
Bangladesh just not my thing.
Zara socks have supplanted MKS for me.
The mens look is it still 1950s Henley with straw boaters
black suits and like?
What else is there in this land of slashed jeans blue dyed hair
crocs mustard parkas flip flops ?
Indeed.... those exceptionals have been astronomical ....for this year I dont think it will be as high
"Further material charges relating to the closure and re-configuration of the UK store estate are anticipated as the programme progresses, the quantum of which is subject to change through-out the programme period as decisions are taken in relation to the size of the store estate and the specific stores affected. Based on current plans, further charges before the adoption of IFRS 16 are expected to be incurred predominantly in the next two years and are anticipated to be c.£100m, bringing total programme costs to c.£680m "
" There will be a significant impact on the balance sheet as at 31 March 2019. It is expected on a pre-tax basis that a right of use asset of approximately £1.7bn and lease liability of approximately £2.6bn will be recognised, along with the derecognition of onerous lease provisions of approximately £0.2bn and other working capital balances (including lease incentives) of approximately £0.4bn, which results in an overall adjustment to retained earnings of approximately £0.3bn."