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In my experience there is a big difference between what you get using Ocado and what you get ordering from Waitrose. The Ocado hubs move produce/perishables faster so quality is always good/fresh. Waitrose are using local stores to make up your basket and you can end up with a short shelf life which is not true of Ocado. I have tried Waitrose and Tesco deliveries but Ocado is the best for variety, quality and price. DYOR
Loosing Waitrose customers is a bit of a red herring.
The demand for online grocery shopping is so great now that any customers lost will very quickly be replaced.
It could actually be a benefit because more loyal M&S customers could quickly get an online account.
Also I guess Waitrose are probably operating at more or less full capacity anyway so customers may not find they can easily switch.
Anyway...did you all see this, strategy being played out for all to see, finally feels like we are heading in the right direction https://www.thetimes.co.uk/article/m-s-copies-waitrose-to-boost-ocado-deliveries-t82ccmsnm
Covids coming back in a big way is "complete drivel".
Ignore it if you want to. The market can see it though. It has huge ramifications for MKS.
Elephant? Excuse me.
C19 is not an elephant in the room and c19 coming back in a "big way" is complete nonesense.
Are you aware vaccination is being developed for c19?
Your answer: yes but it will take years.
Ignore utter drivel
Bank of England remarks today were less dovish than they have been and it warned the economy will take longer to recover than previously forecast. This has driven today's FTSE selloff....
https://uk.mobile.reuters.com/article/amp/idUKKCN25139S
Virus cases in Germany and France are increasingly greatly. We're having more local lockdowns in the UK. Sensible to predict this surge to continue.
More nonsense, how do you know the virus ‘is coming back in a big way’ drivel. Did you see the Bank of England comments today about the economy that’s based on real information
‘ Spending on clothing and household goods were back to pre-Covid levels.
However, the Bank warned of a "material" rise in unemployment this year as it held interest rates at 0.1%.
Governor Andrew Bailey said recent data suggested the recovery in consumer spending was gaining traction, while spending on food and energy bills remained above pre-Covid levels.’
Sure, there is a place for a much streamlined repositioned store network but it's very costly and takes a lot of vision to carry out successfully. Current store cuts do not go anywhere near far enough imo.
The elephant in the room and a key focus for the market is Covids continuing effect on MKS's 1,400+ physical stores. Very few on the board talks about it but it's there and the virus is coming back in a big way.
Chilting - that's spot on.
Many high street shops will die
But high street will not completely disappeared.
The best organisations will survive. Those who can
1. Cut costs 2. Build mix of online / physical store sales.
3. Develope product range to suit this trend
4. Adapt
Let's not be childish and say that high street will fully die.
People still have to buy things physically. Not everything can be done virtually. Ok?!
Mks is building correctly right now with a mix of online/tech and closing poorer stores. They have got it spot on this year.
All I ask I please shut a few more stores cut a little more costs. Be aggressive when you have to.
Valueplay you are looking at everything in black and white - online white - bricks and mortar black.
The retail market will never develop that way - M&S are closing unprofitable locations and in many cases opening new modern stores with a bias for food.
To have assets in online and bricks and mortar is the way forward for British retail - the market isn't black and white - its grey and it always has been. .
Valueplay is getting worried...
Short/ medium term - Huge hit to non Ocado side of MKS due to virus resurgence. Long term - Behavioural changes resulting from Covid will cause big losses to non Ocado side of MKS and require a drastic/very radical reduction of store space
Day to day movements mean nothing - especially with the shorts manipulating the SP in a thin summer market.
Its the long term that interests me.
The market understands the acute susceptibility of MKS's non Ocado side of the business to virus resurgence. Private investors focus on the Ocado tie up, the success of its current trading is known to all. We will see who knows best. I'm seeing it sub 100p soon.
I find it amazing that the perception that most people still have of M&S is grounded in the 20th century.
In actual fact they are moving way ahead of the opposition regarding new retail concepts and when these concepts start to show up in the bottom line the market will react in a very positive way.
This is yet another example of the private investor being way ahead of the professionals simply by observation of real world events.