goldfinger
- 12 Jan 2010 20:42
skinny
- 06 Apr 2011 15:54
- 1212 of 3532
Yes - I closed earlier - although I can't see any new bid coming anytime soon.
Stan
- 06 Apr 2011 16:04
- 1213 of 3532
Careful chaps, the boy LERENIUS has bought 10,000 today -):
skinny
- 06 Apr 2011 16:10
- 1214 of 3532
He must have heard that I'd closed :-))
goldfinger
- 07 Apr 2011 08:49
- 1216 of 3532
goldfinger
- 07 Apr 2011 09:35
- 1217 of 3532
Interesting read......
http://www.bbc.co.uk/news/business-12978313
6 April 2011 Last updated at 13:15
UK faces 'household recession'
By Emma Simpson
Business correspondent, BBC News
The High Street is not as busy as it used to be Walk down any High Street, and you will see a blizzard of discounts and promotions right now.
And it is still the start of the spring season.
A sign of the times?
It is certainly part of an increasingly gloomy picture of the current retailing environment.
We have had a string of retailers reporting a slowdown in sales in the last few weeks.
HMV, Dixons and Mothercare have announced profit warnings, whilst Hennes & Mauritz, the popular clothing chain, reported a 30% fall in its net profits for the first quarter of this year.
All eyes were on Marks and Spencer Wednesday morning for its trading update.
It had performed better than analysts had predicted, but they too expect trading to get increasingly challenging.
Continue reading the main story
Start Quote
I think this year could be one of the toughest in decades for retailers
End Quote
Neil Saunders
It is clear that with many households facing the squeeze, the future is looking a lot tougher for retailers.
They face a double whammy of rising costs and consumers reining back on spending.
So have the last few weeks been a blip or the start of a real dip for retail?
"I think consumers were quite resilient during the recession, but now the chickens are coming home to roost," says Neil Saunders from Verdict Research.
"What we're seeing evidence of is a very clear slowdown in demand from the consumer.
"I think this year could be one of the toughest in decades for retailers."
'Household recession'
Mr Saunders uses an interesting phrase to describe what is now underway. He calls it "the household recession".
Customers counting their pennies are attracted to special offers In other words, consumers are running out of money.
It is not just a question of reigning back - they simply have a lot less to spend.
That is in contrast to the previous two years when millions of householders still had a lot of disposable income thanks to low interest rates.
It meant that despite the recession, retail sales still held up relatively well.
Discount sales
Consumers are now behaving much like they did at the start of the global crisis, when retail sales really did dip for a few months.
Of all the money currently being spent on supermarket groceries, some 40% is now being spent on items that are either discounted or on special offer.
That is a record, according to Nielsen, the consumer analysts.
The discounters, Aldi and Lidl, are enjoying double-digit sales growth.
Children first
Those people who haven't got jobs will find it tough, but that won't affect the whole retail scenario
Sir Stuart Rose
Former chief, Marks and Spencer
Asda's sales have held steady. Its strategy of giving customers a cast iron guarantee that it will not be beaten on price appears to be paying off.
In recent weeks it has introduced the "round pound" deal.
It means that shoppers can buy thousands of items for a nice round number like a pound, in order for them to make it easier to keep tabs on what they are spending as they shop.
"Price is becoming more and more important," says Asda's chief executive, Andy Clarke.
"Our income monitor shows that our mums are now 11 a week worse off than they were this time last year and they're changing their behaviour.
"So we've had to change our proposition to reflect the fact that customers are thinking much harder about what and how they're spending their hard earned cash."
Ready meals are doing well, showing how people are once again eating in instead of going out.
Sales of womenswear is down, however, although children's clothing is holding up - a tell tale sign for this retailer that mums are putting their children first whilst scrimping and saving elsewhere.
Scratchcard sales are also up.
'Two types of retailers'
So what will the rest of the year hold for retail?
The former chief executive of Marks and Spencer, Sir Stuart Rose, is far from gloomy about the state of the industry.
"If the economy goes forward, which I believe it will, then we've got reasons to be optimistic by the time we get to the end of this year," he says.
"Sure, we've got inflation coming through, but we've still got low interest rates, so providing that people have got jobs, they'll be in a better place or no worse a place.
"Those people who haven't got jobs will find it tough, but that won't affect the whole retail scenario."
And what about all the sales signs and promotions around right now?
"I see two types of retailers," he says. "Those that are doing okay, and those that are doing less okay. But that's always been the case,."
goldfinger
- 07 Apr 2011 13:37
- 1218 of 3532
BVS
Gone short here, Support at 330p gone.
Peel hunt and Investec have a outright sell on the stock.
goldfinger
- 08 Apr 2011 09:43
- 1220 of 3532
Nice to see a drop in stock on loan (proxy for shorters) to about half in recent days.
DATA EXPLORERS
Stan
- 08 Apr 2011 09:51
- 1221 of 3532
Fair amount of "general" Director buying over the previous months as well.
splat
- 08 Apr 2011 15:33
- 1223 of 3532
gf - 330 support for BVS? 430 perhaps?
goldfinger
- 08 Apr 2011 16:10
- 1224 of 3532
Yep your right. Typo error. Going nicely is the short.
goldfinger
- 09 Apr 2011 12:19
- 1226 of 3532
FCCN
SCSW spelling it out for punters today re international brand, rocketing wholesale etc.
From SCSW today, nicked this from across the road
Re wholesale:
"Sales to John Lewis and internet based e-tailers such as ASOS increased substantially during the year and continue to show growth. Spring/Summer orders delivered in January were up c.15%. Winter 2011 forward orders are also running well ahead and the general expectation is that UK wholesale is going to record another year of double-digit growth"
Wholsale margins are way higher than retail.
cynic
- 09 Apr 2011 18:24
- 1227 of 3532
i know i am renownedly thick, but i always thought FCCN was a retailer! ..... as such i wouldn't go near it as uk high street mid-price fashion is dire - just look in your own town,; you don't need to be a genius
splat
- 12 Apr 2011 09:25
- 1228 of 3532
BVS still going nicely, good call gf
goldfinger
- 13 Apr 2011 08:29
- 1229 of 3532
goldfinger
- 13 Apr 2011 08:32
- 1230 of 3532
Ahhh cynic pineapple bonce FCCN, think you owt to re read up on it. Wholesaler, loads of cash, Sears in US. Retailers are probably the next miners, now that mining boom is coming to end as i predicted a month back.
Dont forget the market is always 9 month to year in front of the real economy.
goldfinger
- 14 Apr 2011 08:52
- 1231 of 3532
Gone short of FXPO and Brwm. Goldmans latest bearish call been taken up by otheres as well now on miners.