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Wow what a read…
https://www.lse.co.uk/rns/MKS/final-results-2jufylly5x55rcz.html
Wow indeed
Omnichannel...
A few years ago M&S was supposedly dead with massive short positions in place
Amazing what a difference a bit of time and a focussed strategy can make
But the high street is dead, and online is where it's at, said coasty the concubine.
Clothing sales up , online sales up , online margin up. All good news.
If you had a single iota of market knowledge Bon Scott, you would know that M&S have massively scaled back their actual high street presence
Boohoo have massively scaled back their revenue.
M & s have cut circa 10% of their UK store numbers??
Adapt and change.
Boasty cannot use Jaywick high street as a comparitor
Incorrect per usual superzero
M&S have massively cut back their high st presence and upscaled in premium and out of town locations with far larger stores
https://www.thesun.co.uk/money/27288805/marks-and-spencer-list-store-closure/
Remind me what Boo revenue was precovid
Statista 19 march 2024
States in 2023 there were 1064 M & S stores.
Sunreader
Revenue, again, been here before with you, even Hexam put you right
Again deja
How many of those stores are now food only and forecourt stores superzero.
As posted previously the high st store presence has been massively scaled back and will be scaled back further
I see you avoid commenting that revenue is massively up on precovid levels, especially when gmv from Debenhams is included
Revenue is only up compared to pre-covid due to acquisitions and those have helped contribute to the rising debt and a loss-making business.
Make all the comparisons with M&S you like but the basic one is that they are doing extremely well in the current environment whilst BOO are doing extremely badly. So rather than a sign of better things to come for BOO I just see it as demonstrating just how badly BOO are underperforming at the moment. With good management and a good strategy that could all change but it is questionable whether BOO has either at the moment.
I answered your question regarding m & s stores
The revenue has been done to death, Hexam again posted very well
Your narrative is lost, move on
#inflation
So, quality merchandise sold through a network of bricks-and-mortar stores beats the hell out of cheap tat flogged on a website. Proven by financial results.
Roger that.
So glad you agree that revenue is up compared to PRECOVID, which until this year is the only valid comparator.
Read the posts Hexam, I haven't made a comparison Boo Vs M&S. It would be a spurious comparison. My point was in response to the troll stupidity and purely in relation to M&S moving their stores away from the high st which they undoubtedly have.
If you are unable to see the Boo strategy playing out then why not sell up.
You don't think rampant inflation, cost of living crisis and the reduction in the COVID online bubble, which is now reversing, are the major impactors on performance here.
Strange you are unable to attempt to correct any troll nonsense here, ever.
Each to their own
Lost all momentum again….such a frustrating investment.
“Strange you are unable to attempt to correct any troll nonsense here, ever.”
I am. Yours.
Its like listening to empty bottles in this chat....
The long awaited recovery will break the all....
For the time being the Caribbean calls...
"Hit a nerve did he?"
Not at all, why would he? Just pointing out his clear-as-day crybully tactics.
You and your little posse of trolls are just as annoying as BFD can be.
You dish it out, with your friends, far more than anyone else on this board. Believe you´re crying wolf here.........
Any of you guys in asos? Punted 10 grand in there earlier...
I believe the sector is on the cusp of a phenomenal recovery... Long awaited I know!
You need to keep up, CWWX. Coasty is the one who resorts to the alcoholism accusations against everyone, not Trading4good (although he has once or twice too, when backing up his lapdog). And your posting history is chock full of you laying into others.
If you're going to play the board judge, just be certain about who you're condemning, and about the "trolling" try yourself to practice what you preach.
I’m in Asos SCB. Yes…. Currently boohoo and Asos are “Tax-ing” towards the runway imo.
Bon Scott, whose post is this?
Hexam, never explain a single thing to coasty. Just a sick parasite, who adds no value whatsoever.
Southcoast
Not in asos, it's turn around isn't far enough progressed for me yet.
Precious metals and Lithium for me mostly atm
Boasty
Your in ASOS??
SP of £65 incoming then??