RE: Resilience17 Mar 2025 09:09
I could not agree more. My Japanese wife is like most of that race incredibly judgemental about all things retail yet with MKS she never has a bad word to say about the stores, products and management. I am holding for the 3 year view. The sooner ASDA closes down the better. Leighton will never fix it and its a drag on the premium retailers like Sainsbury, Tesco and MKS. I suspect Stuart will shock us with excellent results in May. What we should all do is email both Archie and Stuart asking them to refrain from sounding anything but upbeat. Fine to be cautious but you cannot expect the market to be confident if all the time you seem to be looking for storm clouds. How Stuart and Archie have positioned MKS is just brilliant: not too expensive to deter the aspirational and with a brand strength to appeal to the affluent middle classes who will never return to a very tired Waitrose. If JL were a public co able to raise money for deep store investment it might be a threat but it is stymied by lack of funding. MKS staff are bouncing with energy whereas demotivation is everywhere in JL.