Member Info for Toffers

"Marks and Spencer (M&S) is closing down in numerous locations in the next five years to save £300million."

SuperDry is not alone with the problem it is trying to tackle clearly, yet Marks doesn't envisage going under.

Marks are apparently looking at more strategic placing of retail units, at out of town retail sites, I think SuperDry will do the same along with higher e-commerce visibility.

Dunkerton's wife has a unit at Bicester Village. She also has an upmarket retail unit in Cheltenham and Edinburgh.

Just my views, but brexit has caused a lot of issues for UK retailers with added paperwork and taxes involved when both importing and exporting. It seems almost obligatory now to have an European HQ if you still want to trade within Europe.

Look how much we're all being robbed for by import tax, anything over £135 from Europe from recollection and you're taxed at 22% or thereabouts. Unless the retail stores will carry the cost, it's horrendous. I assume it also works the other way in us sending goods out to Europe and Europeans will get taxed, so who do we sell our goods to?

Next will be tourism, as aren't they talking about introducing a tourism tax here now! Thak heavens I have my Irish passport and remain classed as a European Citizen!

The money is now all out in the Middle East. Dunkerton needs to get a huge presence out there with retail, but not with ski clothing!, although they do have a snow dome I think which the sheiks ski down in their robes! or even better look at @dubai_my.lovely on Ista as in dubai they don't even need snow to ski! Now there's an idea Julian :)

@StarBright - may be Idris is buying, under cover!

StarBright, that's made me chuckle :)

I think Michael Scott is buying for a client. I wonder who? I'm sure he's conncted to Walter Scotts. Are you amongst us Mr Scott :)

Did you miss this sentence? seems you did

"The guy does not give in nor give up and although he could walk away from this, there is that risk, ...."

Analyst rating - HOLD

https://www.bing.com/entitydetails?q=todays+trades+for+superdry&wt=FinanceGenericL3TabModule&ocid=ansMSNMoney11&qid=aybkfr&t=Stock.aybkfr.SDRY.r6dwok&src=b_finwid&id=aybkfr&l3=L3_Analysis

I think it's clear what's happening, they haven't called on that 25mill loan facility with Hilco I think it was, that's there just in case, finance directors have said they are not sure they can turn it around, so JD has let them walk as he's determined, and I think personally he will do it, he's worth personally over 400 mill, so if push came to shove, he could finance himself, and look at how he has turned the family's cider business around. The guy does not give in nor give up and although he could walk away from this, there is that risk, the indications from him are that he's not going to, and he's going to do what it takes to turn it around. It's up to you whether you put your faith in that or not, but the way this is going, I'm hoping that he will handsomely reward those who stick with it and are supporting him on 1 March! my musings as I say.

Time will tell, not long to wait, that 1 March date is significant imo. Meanwhile, await TR1s and 8.3's to further see lie of land.

Time for cake and take a break! :)

"Dunkerton has remained dedicated over the years, demonstrated by his return as CEO during turbulent times, as well as his underwriting of the entire £12m equity raise and now with the potential of him making an offer for the business."

source: retail-week.com - 31.1.24

Taverham, as he readily admits himself, the pandemic hit, and that took its toll, businesses were forced to close by the govt, no one foresaw what was going to happen, nor when it would end, but they have survived, and I suspect he's now eager to execute his plans. It would help though, I agree, to know what those plans are exactly but that is unlikely to be revealed UNTIL he has full control!

And it's only mid February!

So far this year, there have been 55 fatal stabbings in London. Among the victims, 16 teenagers lost their lives due to violent circumstances. Of these teenagers, 14 were stabbed and 2 were shot. The most recent incident involved a 16-year-old boy who was fatally stabbed in Edmonton, north London.

Here are some of the other tragic cases involving teenagers in 2023:

Elianne Andam (15 years old): Stabbed to death on her way to school in Croydon, south London.

Chima Osuji (17 years old): Fatally stabbed after being chased in Chingford, east London.

Tyler McDermott (17 years old): Died after being found with a gunshot wound in Tottenham, north London.

Wazabakana Elenda Jordan Kukabu (18 years old): Stabbed to death near Dagenham Heathway Station.

Renell Charles (16 years old): Ambushed and fatally stabbed near Kelmscott School in Walthamstow.

Khaled Saleh (17 years old): Found with stab wounds in Paddington Green, central London.

Victor Lee (17 years old): Found stabbed in a canal under Scrubs Lane, near Willesden Junction, west London.

These incidents highlight the urgent need for community awareness, prevention efforts, and law enforcement measures to address violent crime in the city.

Coxon, I've lived down here since 2006, you are totally wrong. There are multiple stabbings in SW London every day. Just search your internet browser for latest, it's relentless. I have a friend who runs a very upmarket prelived store very close to Knightsbridge, petty thieving is common place, even though she has security cameras within the store! Look at LoveLuxury, they have had to deploy security guys at their small Knightsbridge store, look at the videos online of moped riders snatching phones, and bags from people, its relentless. And its car theft too.

Evolve, I think you understimate the power of JD. Have you researched his background, his connections, his wife's business and how that (excuse the pun) is evolving?

I appreciate what you are saying, and on paper, yes, it would look that way, but JD came back in to the company for a reason in 2019, he wasn't going to let 'his' company be run in to the ground, he didn't like what he saw, and I'm pretty sure he has a vision, it's just the pandemic arrived early 2020 and threw a massive spanner in the works for him, and the company. Alot of retail business went to the wall as a result, but SuperDry are still trading, and are cost cutting, not pretty I admit, but it's necessary for survival when a pandemic has severely hit trade over a 3 year period, and made most retailers realise that they have to switch now to a higher % of e-commerce.

Life has changed very much in the last 5-10 years and not all for the better.

The elderly daren't go out at all, broad daylight or dark, for fear of being mugged.

No one can go out in Central or Greater London without the fear of being mugged or stabbed.

The police can't control anything, they've lost the ability.

The shops are being looted. You won't hear it on the news, but I regularly hear that stores such as LV are being looted, staff are told not to challenge, and police do nothing. I'm only 15 mins from Sloane Square by car, and I rarely go in to Central London any more, I much prefer to shop online and send the goods back if they don't fit etc.

So yes, Superdry need to pare back, no doubt about it, but I think JD very much has a vision for the turnaround of it through e-commerce, and I'd like to hear his plans. my musings.

Taverham, I completely understand, I've been burnt many a time, to the tune of hundreds of thousands, and as daft as it may sound, even though I'm happy at the moment with the research I have done here, it's the date that adds that bit of a spark for me, he has to declare his hand technically by 5pm 1 March. 1 March is his birthday. Is that coincidental or what? I can just imagine him popping the cork at 4.30pm down the local pub, family and friends around him, JD that is, and telling the Nomad to fire the revealing RNS! You're either in or out and our fate, good or bad, lies in his hands!

Evolve, you could be back out shortly!

Hi Garydav, thank you, yes, just a little top up as a birthday present :)

Thank you to those with the birthday wishes, some really genuine lovely people here, but don't want to detract from the main event, which is our investment here, so onwards with the business in hand x

Thanks Dazza. Would be even better if I got a Happy Birthday surprise from JD himself :) xx

It's NT on HL as just tried to purchase some more, and it's no go.

I posted two links the other day justanothernoob, so you can read and determine for yourself, that's what the purpose of those were. Hope it helped.

Thanks Coxon :)