DS Forums

 
 

UK B&M reports record Christmas sending warmth around the city


Reply
Thread Tools Search this Thread
Old 04-01-2017, 13:06
dephanix02
Forum Member
 
Join Date: Dec 2007
Posts: 332

The company reported total group revenue of 789.1 million pounds for the quarter, up 20.5 percent in constant currency, including a 7.2 percent rise in UK like-for-like revenue.

http://uk.mobile.reuters.com/article/idUKKBN14O0JN

Nice to have some positive posts on here to comment on instead of the usual doom & gloom posters taking over the show.
dephanix02 is offline   Reply With Quote
Please sign in or register to remove this advertisement.
Old 04-01-2017, 14:35
John146
Forum Member
 
Join Date: May 2008
Location: Lancashire
Posts: 8,253
The company reported total group revenue of 789.1 million pounds for the quarter, up 20.5 percent in constant currency, including a 7.2 percent rise in UK like-for-like revenue.

http://uk.mobile.reuters.com/article/idUKKBN14O0JN

Nice to have some positive posts on here to comment on instead of the usual doom & gloom posters taking over the show.
Will you stop! posting any good news it upsets the Remainers.
John146 is offline   Reply With Quote
Old 04-01-2017, 14:36
Granny McSmith
Forum Member
 
Join Date: Apr 2010
Posts: 15,066
Indeed. It's very good news.
Granny McSmith is offline   Reply With Quote
Old 04-01-2017, 14:37
John146
Forum Member
 
Join Date: May 2008
Location: Lancashire
Posts: 8,253
Indeed. It's very good news.
Ah but is it due to Brexit, or the falling pound?
John146 is offline   Reply With Quote
Old 04-01-2017, 14:39
Granny McSmith
Forum Member
 
Join Date: Apr 2010
Posts: 15,066
Ah but is it due to Brexit, or the falling pound?
It's due to them doing the opposite of whatever Next are doing.
Granny McSmith is offline   Reply With Quote
Old 04-01-2017, 14:44
moox
Forum Member
 
Join Date: Oct 2004
Posts: 14,633
Retailer of cheap tat sells lots of cheap tat in run up to period where people give cheap tat to each other. People on poor wages (such as those employed by B&M, well, except the top brass) can only afford cheap tat anyway.

This is the future of Britain - buying and selling Lynx box sets I wonder how much of B&M's stock is made anywhere other than China?
moox is offline   Reply With Quote
Old 04-01-2017, 14:47
Granny McSmith
Forum Member
 
Join Date: Apr 2010
Posts: 15,066
Retailer of cheap tat sells lots of cheap tat in run up to period where people give cheap tat to each other. People on poor wages (such as those employed by B&M, well, except the top brass) can only afford cheap tat anyway.

This is the future of Britain - buying and selling Lynx box sets I wonder how much of B&M's stock is made anywhere other than China?
Shame! You've ripped that off Trevgo's post.
Granny McSmith is offline   Reply With Quote
Old 04-01-2017, 14:49
John146
Forum Member
 
Join Date: May 2008
Location: Lancashire
Posts: 8,253
Retailer of cheap tat sells lots of cheap tat in run up to period where people give cheap tat to each other. People on poor wages (such as those employed by B&M, well, except the top brass) can only afford cheap tat anyway.

This is the future of Britain - buying and selling Lynx box sets I wonder how much of B&M's stock is made anywhere other than China?
Now let me see... shopping for a computer corded mouse, in the 'bigger' named electronic shop anywhere between £6.00 and £12.00, in Poundland you can by 6 or 12 !!mice for the same price? they might be cheap tat, but they work
John146 is offline   Reply With Quote
Old 04-01-2017, 14:50
moox
Forum Member
 
Join Date: Oct 2004
Posts: 14,633
Now let me see... shopping for a computer corded mouse, in the 'bigger' named electronic shop anywhere between £6.00 and £12.00, in Poundland you can by 6 or 12 !!mice for the same price? they might be cheap tat, but they work
As a "metropolitian elitist" remainer (who was born and grew up in rurality) I prefer to buy quality. My trackball cost £50.

Sure, it works, but I would rather pay a bit more and avoid RSI/carpal tunnel
moox is offline   Reply With Quote
Old 04-01-2017, 14:54
Granny McSmith
Forum Member
 
Join Date: Apr 2010
Posts: 15,066
As a "metropolitian elitist" remainer (who was born and grew up in rurality) I prefer to buy quality. My trackball cost £50.

Sure, it works, but I would rather pay a bit more and avoid RSI/carpal tunnel
Who's stopping you?

Some can't afford to spend a lot. Should they do without altogether because you can afford to look down your nose at them?
Granny McSmith is offline   Reply With Quote
Old 04-01-2017, 14:55
moox
Forum Member
 
Join Date: Oct 2004
Posts: 14,633
Who's stopping you?

Some can't afford to spend a lot. Should they do without altogether because you can afford to look down your nose at them?
I'm saying that a) it's really not surprising that cheap tat sells, and b) people are still being screwed by those who sell cheap tat, such as those who make it, those who stock the shelves with it, those who man the checkouts, etc.

Not going to be many well paid jobs involved in selling mice for a pound each...
moox is offline   Reply With Quote
Old 04-01-2017, 15:05
johnny_boi_UK
Forum Member
 
Join Date: Mar 2013
Posts: 3,038
It's due to them doing the opposite of whatever Next are doing.
Stacking high and selling cheap.
johnny_boi_UK is offline   Reply With Quote
Old 04-01-2017, 15:43
Charnham
Forum Member
 
Join Date: Nov 2003
Location: nr Peterborough, England
Posts: 48,127
oh god more British people spending money in cheap stores, good for store management I guess, but it does not paint a good picture of Britain, only the deluded, would see the rise of B&M, Poundland and similar stores, at the same time as the fall of better quality stores like Next, as a good thing.

I would not be shocked if those deluded souls are Brexiteers, but I would not like to say.
Charnham is offline   Reply With Quote
Old 04-01-2017, 15:49
Annsyre
Forum Member
 
Join Date: Jun 2003
Posts: 97,109
It's due to them doing the opposite of whatever Next are doing.
Sounds about right.
Annsyre is offline   Reply With Quote
Old 04-01-2017, 16:08
trevgo
Forum Member
 
Join Date: Apr 2009
Location: Leafy London
Posts: 20,370
I hear Matalan are waiving the £1 membership fee for Brexiters.

Very silly in my view. They'll lose all their class.
trevgo is offline   Reply With Quote
Old 04-01-2017, 16:12
Fried Kickin
Forum Member
 
Join Date: Jun 2007
Location: 🇬🇧
Posts: 54,239
I hear Matalan are waiving the £1 membership fee for Brexiters.

Very silly in my view. They'll lose all their class.
It'll set them on an even keel with remainers
Fried Kickin is offline   Reply With Quote
Old 04-01-2017, 16:20
jmclaugh
Forum Member
 
Join Date: Sep 2003
Location: Devon
Posts: 47,961
I hear Matalan are waiving the £1 membership fee for Brexiters.

Very silly in my view. They'll lose all their class.
You'll be avoiding them henceforth then.
jmclaugh is offline   Reply With Quote
Old 04-01-2017, 19:51
tiggertiny
Forum Member
 
Join Date: Oct 2006
Posts: 5,158
oh god more British people spending money in cheap stores, good for store management I guess, but it does not paint a good picture of Britain, only the deluded, would see the rise of B&M, Poundland and similar stores, at the same time as the fall of better quality stores like Next, as a good thing.

I would not be shocked if those deluded souls are Brexiteers, but I would not like to say.
B and M of course also sell a lot of branded food just the same as any supermarket but charge a good deal less for them.

As for Next I was bought a pair of slippers a couple of years ago as a present they lasted just a few months and cost stupid money.

Apart from B and M do you include cheap stores like Aldi and Lidl?
tiggertiny is offline   Reply With Quote
Old 04-01-2017, 21:15
Thiswillbefun
Forum Member
 
Join Date: Dec 2011
Posts: 2,581
Ah but is it due to Brexit, or the falling pound?
It is partially due to Brexit.

There's a big divergence between the usual British stalwarts such as M&S, Tesco, WH Smith etc and the cheap retailers such as B&M, Aldi and Lidl.

The profit warnings of companies such as Next, and the retraction of M&S are indicators of a shift in consumer purchasing. As more people feel the pinch they are moving to low cost retailers.
The impact of this will be seen in the long term effect it has.
Thiswillbefun is offline   Reply With Quote
Old 04-01-2017, 21:58
Charnham
Forum Member
 
Join Date: Nov 2003
Location: nr Peterborough, England
Posts: 48,127
Apart from B and M do you include cheap stores like Aldi and Lidl?
I would think so yes, on the supermarket scale, the are the cheap end, some frozen food stores may compete, but not on all products.
Charnham is offline   Reply With Quote
Old 04-01-2017, 22:15
andykn
Forum Member
 
Join Date: Jan 2003
Location: London SW6
Posts: 37,469
The company reported total group revenue of 789.1 million pounds for the quarter, up 20.5 percent in constant currency, including a 7.2 percent rise in UK like-for-like revenue.

http://uk.mobile.reuters.com/article/idUKKBN14O0JN

Nice to have some positive posts on here to comment on instead of the usual doom & gloom posters taking over the show.
Whilst it's nice to see the news isn't all bad where do you get "sending warmth around the city" from? All I saw was "Its strong showing contrasted sharply with a disappointing performance by clothing retailer Next (NXT.L) that highlighted "exceptional" levels of uncertainty in the sector."
andykn is offline   Reply With Quote
Old 04-01-2017, 22:53
Mark_Jones9
Forum Member
 
Join Date: Mar 2015
Posts: 6,827
It is partially due to Brexit.

There's a big divergence between the usual British stalwarts such as M&S, Tesco, WH Smith etc and the cheap retailers such as B&M, Aldi and Lidl.

The profit warnings of companies such as Next, and the retraction of M&S are indicators of a shift in consumer purchasing. As more people feel the pinch they are moving to low cost retailers.
The impact of this will be seen in the long term effect it has.
According to Next they have been hit by the cyclical fall in sales clothes that started in November 2015 and is still ongoing. M&S has been hit by the same fall in clothes sales and in response is focussing on selling food. Apparently all clothes retailers have been hit by this shift in consumer spending at a time when overall consumer spending has not fallen. Tesco in its last report was doing well sales up, operating profit up, but has a problem with its defined pension scheme. Tesco's new report will be out on January 12th.
Mark_Jones9 is offline   Reply With Quote
Old Yesterday, 15:38
Charnham
Forum Member
 
Join Date: Nov 2003
Location: nr Peterborough, England
Posts: 48,127
I think part of the problem for clothes, is that the weather is not changing all that much, meaning less need for clothing specific to a wardrobe/season
Charnham is offline   Reply With Quote
Old Yesterday, 16:07
Jayceef1
Forum Member
 
Join Date: Nov 2007
Location: Kent
Posts: 3,026
Whilst it's nice to see the news isn't all bad where do you get "sending warmth around the city" from? All I saw was "Its strong showing contrasted sharply with a disappointing performance by clothing retailer Next (NXT.L) that highlighted "exceptional" levels of uncertainty in the sector."
I think it was just to contrast the thread on Next sending a chill around the city. It wasn't a direct quote.
Jayceef1 is offline   Reply With Quote
Old Yesterday, 16:47
andykn
Forum Member
 
Join Date: Jan 2003
Location: London SW6
Posts: 37,469
I think it was just to contrast the thread on Next sending a chill around the city. It wasn't a direct quote.
But the Next quote was a direct quote, because Next are seen as a bellwether for retail, B&M aren't so wouldn't have the same effect.

That's not because the City are pro EU btw.
andykn is offline   Reply With Quote
 
Reply



Thread Tools Search this Thread
Search this Thread:

Advanced Search

 
Forum Jump


All times are GMT. The time now is 09:29.