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Toffee it struck me as very clear in terms of message and amounts to free advertising. She mentioned the age group which will have been listening to the prog. I have been trying get people I know to give M&S another look . The over 50's, I'm one, can be conservative in changing direction. BBC spot will do more than any advertising, which they tend to ignore. However they may give a fresh look at M&S now. Atb JJ
Agreed Carrington. I'm noticing that some women are not yet convinced; even going in to buy their underwear but not looking around. M&S got such a bad reputation for being 'frumpy' that it will take time to change the view. JJ
Hi Chilting I can offer a survey of one, me. Henley Waitrose is a 'tired store' but is well used because the car park is inexpensive, and allows you to park free for one hour. The store is next to the well respected Regal Cinema, with a public library at the other end of the car park. The nearest M&S is 10 miles away in Reading, High Wycombe, or food in Marlow. The Tesco is one mile away with free parking, and a car wash on site. I have noticed some of my neighbours who have been shopping in the Waitrose now also use the Tesco. The freshness of the veg in Tesco is much better than Waitrose with a much better choice.
Henley is one of 4 Waitrose stores that I use from time to time. Henley is the least satisfactory which suggests to me that it is being run down to be sold off. The same happened in Marlow, which is now a very smart Lidl. Sorry if all the detail proves boring but I care about retail and believe the customer is all important deserving of the best possible service and product. JJ
Oh dear Neil, you are basing your strategy on 'hope'. Yesterday I indicated the share could drop 3/5% and is currently exceeding that. I am still thinking M&S has done ok but they are going to need to work harder and smarter in the coming year to produce outstanding performance.
Waitrose have published the fact that they are planning to sell some of their stores. I believe MKS should cherry pick the ones that will fit with their strategy and go for it. The link between Waitrose and JL is not that strong and the latter needs funds to follow their stated strategy. JJ
Joey in April '21 AP bought 25m shares which I could now buy for £30,000; this suggests he was wrong and on paper at least has lost £2m. Without some concrete positive news this share currently represents a 'gamble' unless you have the skill needed to day trade, and even then its quite risky. JJ
A sea of uncertainty is how I view VAST just now. Can they manage or reduce their debts through increases in production? If the elusive diamonds get sold will it improve the profile of VAST and reassure investors? Litigation costs, will they cripple VAST or can they be recouped if the outcome is favourable to VAST. Right now it is a good moment to sit on your hands pending the next 'wise words' from AP.
Will 2024 be the year that VAST proves the sceptics wrong? JJ
Could we have a debate here? The figures today are not so impressive when inflation is taken into account? Our clothing performance can be compared with NXT hence scope for improvement? TSCO managed to steer their customers toward more profitable products, possibly at the expense of M&S? International is a distraction/liability. MKS should offer to buy some of the Waitrose stores; not wait until they are put on the market but be proactive. I have in mind the store in Henley on Thames. My view is that we should be more demanding of MKS. In the last week my email inbox has been inundated with M&S promotions which suggests to me that the bod realise that their performance has not been 'excellent'. JJ
Well done TSCO, very impressed. JJ
The market expects a lot of M&S right now. The words will be as important as the figures. If the message is that we are likely to be buffeted by further inflationary pressures then we could see a 3/5% drop. I will be here with my coffee from 7am. JJ
The markets are forward looking and the suggestion is that the cost of our imports could be on the rise owing to the wider impacts of the war by Israel and the dramatic rise in the cost of container shipping. Maybe MKS should get back to selling more product made here in the UK. It was once their USP. JJ
Getting rid of the government holding can be seen in a very positive light. The impact of any discount will be a temporary issue and should be of no real concern to those who want to hold onto their NWG shares. JJ