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M & S as Stuart Machin CEO says it’s just the start of its recovery, so much more to do!! I’ve never been so confident in my investment, gla. Good read in retail gazette about M & S
https://www.retailgazette.co.uk/blog/2023/12/ms-clothing-evolution/
Wife's food store, its nice to see that you feel invested in the particular store.
Have a great one. JJ
My wife’s food store is doing record numbers. It really is unprecedented. At trading update in January ‘24 sp will hit 320p or thereabouts imo.
Good call JJ, £2.70 at last.
This could be the best possible message for M&S and expect more of a rush for late Christmas buying. JJ
🤣🤣🤣
The naughty step is calling. JJ
Red day in bound, I've just topped up again, sorry.
"M&S's grocery sales in the 12 weeks to Dec. 2 increased 12.8%, only topped by Aldi and Lidl, according to data from market researcher NIQ. Now it is targeting a bigger slice of Britain’s 229-billion pound ($291 billion) grocery market." - This dropped on Reuters this morning - I said a few days ago that my ex wife's store is seeing unprecedented food sales and this is now playing out in front of your eyes - 3 quid is on its way boys and girls - follow the money
gla dyor etc
I suspect you are correct - at least as far as Tesco's and Sainsbury's. Truth be told Aldi and Lydl are no longer materially cheaper than these two and the quality of some ranges notably worse.
The likes of M&S and Waitrose attract a far less cost driven consumer and to that extent they will follow the market which is robust for those already comfortably well off. Long term these two are a hard sell as demographics and the UK's ever declining living standards mean fewer peeos will fall into that category.
Possibly medium term with Starmer at the wheel and a hunfry underclass to satisfy.
Even better with the link....
https://www.dailypost.co.uk/news/north-wales-news/ms-update-what-llandudno-relocation-28296155
That's the word from my local, sales up 13% so far this year not including December and many Christmas items selling out already. All looking good, January might not be the usual miserable month!
Gla and Merry Christmas
If Simon Roberts the chief executive of Sainsbury’s is correct customers are drifting back to main stream supermarkets from the discounters to exploit their superior range. It seems that they are also buying budget items and doing just one shop rather than visiting both a main stream supermarket and a discounter, therefore cutting out the discounter altogether.
This must bode well for M&S and Ocado Retail with their superior range.
Maybe we are seeing the restoration of the status quo.
https://www.msn.com/en-gb/money/other/sainsbury-s-is-back-the-heyday-of-the-discounters-is-over/ar-AA1lACO2?ocid=msedgntp&cvid=285870a7f2d24789b19754a5db3562c1&ei=37
Yes, Happy Christmas everyone.
I am sure that this is just the beginning of the M&S resurgence with plenty to come in 2024 and beyond.
Not sure about carbon reduction though Neil, Cop28 achieved nothing and we now seem to be going backwards with the reform and technology.
Same to you Neil and to everyone else, have a cracking Christmas. 🎁🎁
Merry Christmas to one and all on here, it’s been a very good year ! I hope for a more peaceful and thoughtful year ahead, where real things happen to reduce carbon emissions and we all care about what is around us.
Their could be some legal claims if the stuffing has made anyone ill.
Good stuff; not like the dodgy Tesco stuffing!!! JJ
"It's not just your M&S bread and butter customers either, she is seeing a lot of younger customers" - Toffee has hit the nail on the head there - Marks turnaround is and was all based around clothing especially Women's clothing - back in the 80's when I was a young lad all the kids went to Marks for their clothes - Marks took this for granted, took their eye off the ball and didn't move on in terms of their clothing offering, and became a place where young people did not want to shop - now they have reversed this and momentum is back with them - my ex wife works as a manager at a small marks food outlet just outside London, been doing it for over 20 years and she says she has never seen sales of food like it ever in her store, the food sales in preperation for Christmas are off the scale - momentum is a beutifiul thing when you have it and MKS has it right now - personally I think we will see MKS go higher on earnings in Jan - 3 quid plus is definitely on imo.
gla dyor etc
JJ. The Halifax store is as busy as the wife ever seen it and she has worked there 25 years+. People queuing to get in when first open.
It's not just your M&S bread and butter customers either, she is seeing a lot of younger customers, they are in buying food as well as clothes. The Christmas food pre-orders have been plentiful, extra hired in fridges required to cope.
The interim earnings report on the 12th of Jan will be the SP boost, maybe £3 🤞🤞
Kowi, thanks for your last post. Can you expand on the information? How does it compare with other large M&S stores? Is it exceptional, is £1m each week a target/aim? Could it in anyway be including online sales picked up at the store. I think that some context would help our understanding. Thank you again. JJ
Hi everyone.
Please kindly note I can confirm that M&S Bluewater has already made its first 1-million-pound week of sales. Golden quarter is looking very good. Volume is healthy, sales are trending extremely well at M&S. Can't wait for next January trading update.
Fforest, look its now down, I do mind, you have confused the market by overinvesting. JJ
JJ, I know you said I should sit on my hands but I got too excited and bought more, hope you don't mind. 😅
Hello 265, pleased to meet you we've been expecting you for a while, will your sister 285 be joining us for Christmas?