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Retailer Crap Christmas thread


sancho panza

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sancho panza

Collating a few.Feel free to add.Mothercare the winner thus far.

 

Wrong type of snow etc etc

 

FatFace enjoys positive first-half but store sales drop 6% over Christmas

https://www.retailgazette.co.uk/blog/2019/01/fatface-enjoys-positive-first-half-store-sales-drop-6-christmas/

Hobbs swings to loss despite 20% rise in turnover

https://www.retailgazette.co.uk/blog/2019/01/hobbs-swings-loss-despite-20-rise-turnover/

Topps Tiles hit by 1.4% drop in like-for-likes

https://www.retailgazette.co.uk/blog/2019/01/topps-tiles-sales-plunge-1-4/

Mothercare has endured another difficult quarter, with double-digit sales decline across the board in its UK market.

The maternity retailer’s like-for-likes for the third quarter ending January 5 plunged 11.4 per cent year-on-year, while like-for-likes for the year to date dropped 11.2 per cent.

https://www.retailgazette.co.uk/blog/2019/01/mothercare-hit-11-sales-decline/

Sainsbury’s suffers 1.1% fall in Q3 like-for-likes

https://www.retailgazette.co.uk/blog/2019/01/sainsburys-suffers-1-1-fall-quarterly-sales/

 

 

 

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9 hours ago, spunko said:

FatFace are crap online, and offline. I don't know how they're still afloat.

https://www.retailgazette.co.uk/blog/2019/01/boux-avenues-dives-10m-loss/

Boux Avenue (who?) "only" made a £3m loss the year before, now £10m

Fastface? Why? Private Equity still looking for an exit.

Ive been in fatface with my kids.

Its just Gap stuff with an extra £20 on the price and a different bag.

Its pretty shit.

 

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3 hours ago, Lavalas said:

M&S

John Lewis

Halfords

Tesco

All reporting today - ouch

Guardian even have a live blog on ‘Worst Christmas since financial crisis’...

https://www.theguardian.com/business/live/2019/jan/10/john-lewis-marks-and-spencer-tesco-halfords-christmas-trading-business-live?page=with:block-5c36eda9e4b02fb91ff119c0#block-5c36eda9e4b02fb91ff119c0

 

A humongous profit warning from Halfords Plc today.

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2 hours ago, Ash4781b said:

A humongous profit warning from Halfords Plc today.

Just saw the list and immediately picked Halfords as the one.  Wish I was sitting down a bit earlier with my spreadbet account open!

Halfords aside, there are many companies out there which I've wondered about how they've survived so when then go, I expect them to really stink!

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HFD down 22% today.

I think if you want to play the spread bet game, you have to have a game plan.

Make a list of retailers which you think are going to have a bad Christmas, and then look at their financial calender's.

It is probable that already down trending retailers won't have spread bet companies let you short them online using future contracts (this protects the house), and you have to use daily funded bets - this is why looking at financial calender's and marking up when you should start opening bets is so important. I don't do this, but that is how I would go about it as each day you open a daily funded bet whilst waiting for news costs you money each day.

Next year Rodders! 

EDIT - even financial calenders can be inaccurate. Results may come out earlier or later than previous dates or scheduled dates. But at least it is narrowed down.

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Carpet Right [CPR] came to my head, and that should be down? But it has been going flat for some time, and up actually UP 9% today.

No results out - maybe this is in anticipation. Who knows?

If you were running a short bet now, you'd be knee deep in losses - timing is everything.

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The economy is going down the pan fast. The PPI money must be running out. Quick, we need more scrappage schemes and mis-selling scandals!

Perhaps the government can find a way to say that due to the banks fixing interest rates, we all have been paying inflated interest rates and we are due some compensation! Cha-ching!

 

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5 minutes ago, 201p said:

The economy is going down the pan fast. The PPI money must be running out. Quick, we need more scrappage schemes and mis-selling scandals!

Perhaps the government can find a way to say that due to the banks fixing interest rates, we all have been paying inflated interest rates and we are due some compensation! Cha-ching!

 

Here’s a revolutionary idea. Why not just pay people enough so that they can buy stuff? 

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13 hours ago, Lavalas said:

M&S

John Lewis

Halfords

Tesco

All reporting today - ouch

Guardian even have a live blog on ‘Worst Christmas since financial crisis’...

https://www.theguardian.com/business/live/2019/jan/10/john-lewis-marks-and-spencer-tesco-halfords-christmas-trading-business-live?page=with:block-5c36eda9e4b02fb91ff119c0#block-5c36eda9e4b02fb91ff119c0

 

 

https://www.bbc.co.uk/news/business-46820588

A number of other retailers have released trading statements:

  • Marks & Spencer saw its sales drop over the Christmas holiday period. Like-for-like sales, which strip out the impact of new stores, were down 2.2% in the 13 weeks to 29 December. Food sales fell 2.1% and its clothing and home sales division slid 2.4%.
  • Tesco appeared to buck the gloomy trend. It said trading over the Christmas period had been "strong". The company, which is the UK's biggest supermarket chain, said its like-for-like sales over Christmas in the core UK area were up 2.2% in the six weeks to 5 January.
  • John Lewis said sales in the seven-week Christmas period were 1.4% higher than for the same period last year. However, that may not be enough to secure a bonus for its staff this year, the firm added.
  • Halfords issued a profits warning after sales fell 1.7% for the 14 weeks to 4 January. The cycling and car maintenance company blamed mild winter weather in November and December, plus weak consumer confidence.
  • Sales at discount retailer B&M fell 1.6% in the 13 weeks to 29 December after a "disappointing" November.

 

 

11 hours ago, Ash4781b said:

Is there much guidance on margins other than the John Lewis  note re bonuses?

https://www.theguardian.com/business/2019/jan/10/john-lewis-may-axe-staff-bonus-as-retail-slump-bites

 

John Lewis is considering suspending its staff bonus for the first time in 66 years in the wake of the worst Christmas for retailers since the depths of the financial crisis.

The company warned that profits would be substantially lower this year – despite a last-minute rush that eventually resulted in higher Christmas sales than last year – as a result of heavy discounting by rivals and weak consumer demand. While profits are expected to rise at Waitrose, they will be down sharply at the John Lewis department stores chain, mainly because of its “never knowingly undersold” policy of matching high street rivals’ discounts.

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2 hours ago, Errol said:

Halfords won't survive. 100 percent guaranteed.

Halfords is an interesting one.  I think their market has been disrupted by others and their own abilities to rip off their customers endlessly.  IMO they're a bit like Maplin -- they had a historical business that made long-term sense (car parts) but they've ridden the 'sell crap gadgets' thing while also increasing margins for their old car parts market.  However, they don't appear to have much debt and in a recession there might be more self-maintenance*, so they could survive.

[* although anyone with any sense would use any other provider for car parts.]

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3 hours ago, Ash4781b said:

A dramatic Debenhams AGM. https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=3555719&lang=en-GB&companycode=uk-deb&v=

I think they’ll be some press from Mike Ashley in the morning.

I have avoided going to department stores for a while as I don't really care about anything they sell.  However,  I did do shopping online in Debenhams and went in to pick up my order, first time in about a year and a half.  

The store was half empty.  Not that there were not many customers but a huge proportion of actual stock displayed was just gone.  I think it's genuinely over for them.  At least M&S and JL were full of old people last time I visited, Debenhams were just empty.

 

1 hour ago, sancho panza said:

 

  • Halfords issued a profits warning after sales fell 1.7% for the 14 weeks to 4 January. The cycling and car maintenance company blamed mild winter weather in November and December, plus weak consumer confidence.
  •  

I don't ever recall Halfords being busy either. I guess this may change if new car sales fall a lot, although I struggle to think of a reason to go to Halfords for anything car-related.  Maybe for a bicycle? 

Supermarkets have got the low price cleaning/screenwash products; go online for gadgets/wipers; dealers, specialists for parts.  Not sure what would anyone go to Halfords for.

Discounted tents and camping equipment? But everywhere sells that now.

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4 hours ago, Bear Hug said:

I have avoided going to department stores for a while as I don't really care about anything they sell.  However,  I did do shopping online in Debenhams and went in to pick up my order, first time in about a year and a half.  

The store was half empty.  Not that there were not many customers but a huge proportion of actual stock displayed was just gone.  I think it's genuinely over for them.  At least M&S and JL were full of old people last time I visited, Debenhams were just empty.

 

I don't ever recall Halfords being busy either. I guess this may change if new car sales fall a lot, although I struggle to think of a reason to go to Halfords for anything car-related.  Maybe for a bicycle? 

Supermarkets have got the low price cleaning/screenwash products; go online for gadgets/wipers; dealers, specialists for parts.  Not sure what would anyone go to Halfords for.

Discounted tents and camping equipment? But everywhere sells that now.

Interesting you say that about Debenhams, same here. I went to collect an xmas present after ordering online (first time I stepped foot in there in years). It looked dilapidated and empty, with lino tiles missing on the floor, to half empty racks. I remember in the 80’s when my mum would take me to these places, which were always heaving. She would tell me to hold my arms in when walking through the crystal department in Allders entrance hall to save knocking anything expensive over, and the smells of the perfumes all held a sense of grandeur. It’s sad in some ways to see it die an undignified lingering death.

In regards to Halfords, cars are becoming so electronic and dealer dependent with the likes of even having to ‘code’ a battery in, the skill of self maintenance has been lost. £5 Eastern Europe car washes has killed the rest of it’s market, and parts as you say can be bought online. Cycles are the only thing keeping it limping along but that didn’t save Toys R Us.

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From Sancho’s post B&M needs to be looked at. I’m not sure if it’s a case of the total sales were up but like for like dropped or they just f’d up Black Friday.

“Sales at discount retailer B&M fell 1.6% in the 13 weeks to 29 December after a "disappointing" November”

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