RE: No opinion13 Jan 2022 17:56
ollienorwood , well done for actually grasping that this is a very good 11 month pandemic trading update that most retailers would have been envious of and proud t release to the market and which would either have caused a rise or at the very least remain static.
During December they had all the uncertainty of Omecron and Plan B and mask wearing inside retail premises and the effect it may have on consumer confidence, yet for December it was trending virtually in line with the pre-pandemic trading period in 2019. That is excellent going.
You are also correct in pointing out that restrictions and closures have impacted on those 3 main events: Valentines Day, Easter and Mothers Day and which had we been pen would have added significant revenue into the tills.
''Restrictions resulted in the full closure of the store estate for approximately 20% of the available trading days in the period (compared to approximately 40% in FY21). Stores were closed from the start of the period on 1 February 2021 with a partial re-opening from 12 April 2021, and the entire estate trading from 17 May 2021''
Restrictions resulted in the full closure of the store estate for approximately 20% of the available trading days in the period (compared to approximately 40% in FY21). Stores were closed from the start of the period on 1 February 2021 with a partial re-opening from 12 April 2021, and the entire estate trading from 17 May 2021
Make allowance for that 20% of available trading days lost and those 2 bigger events and all the scaremongering and hesitancy that has prevailed and you actually have a business that is recovering fast to pre-pandemic trade levels, yet the share price is some way off where it was before the pandemic struck (plus some more after today)
*Back to making healthy profit. Tick.
*Footfall and spend indicators good. Tick
*Reducing Debt. Tick
* Other end of the spectrum now from ''will it survive''. Tick
*Confident Outlook Statement. Tick
* Vaccines, Boosters, Therapeutics + Diminished Threat. Imho Tick also
The only real blemish for me is the "gettingpersonal" website. It needs revamped and maybe targeting a younger audience with some "influencers" to encourage usage or to attract the more high end customers. Ether that or its getrid.com
I think if you read the update in full for what information it provides and the year it has involved and it is actually a very robust trading statement and points to a full recovery quicker than most other retailers will achieve and you can easily see that they will bag Valentines Day, Easter and Mothers Day in full this coming year.
ISA'd a good few today.