Saving For a Space Ship Posted April 17, 2014 Share Posted April 17, 2014 Debenhams profits fall 25% after 'challenging' trading http://www.theguardian.com/business/2014/apr/15/debenhams-profits-fall-new-strategy-promotions all over media https://www.google.co.uk/search?num=100&safe=off&rlz=1C1CHFX_en-GBGB455GB455&es_sm=93&q=debenhams+profits+fall+25%25&oq=debenhams+profits+fall+25%25&gs_l=serp.12...7868.23197.0.24552.18.18.0.0.0.1.209.1924.8j9j1.18.0....0...1c.1.41.serp..3.15.1633.eiPQTin6YgQ Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted April 17, 2014 Author Share Posted April 17, 2014 Debenhams profits fall 25% after 'challenging' trading http://www.theguardi...tegy-promotions all over media https://www.google.c...633.eiPQTin6YgQ Naother private equity success story. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted April 17, 2014 Share Posted April 17, 2014 Their strategy is not to cut prices so much er I mean raise prices? The problem I found at Debenhams was that the quality of products fell off a cliff. They must have a tonne of debt that may have been reduced and or refinanced as they compared the profit to John Lewis with far fewer stores. Quote Link to comment Share on other sites More sharing options...
LiveinHope Posted April 17, 2014 Share Posted April 17, 2014 I would never think to look in Debenhams to buy anything as the store always seems a mess and the offering confused. Last time I walked through I was slowed by eavesdropping a heated discussion among 3 male shop staff about the plot and characters of Emmerdale - I came away with the distinct view they must think it is a fly on the wall documentary Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted April 20, 2017 Share Posted April 20, 2017 Debenhams to close 10 of 176 stores http://www.bbc.co.uk/news/business-39651092 Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 20, 2017 Share Posted April 20, 2017 Surely Debtenhams? Quote Link to comment Share on other sites More sharing options...
Errol Posted April 20, 2017 Share Posted April 20, 2017 Just another pointless retailer. Will die along with most of the rest. It's inevitable. Any investors should have got out by now if they value their money. Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted April 20, 2017 Share Posted April 20, 2017 To me, it would seem that there would be money to be made in renting out (or even building your own) large warehouse-type buildings, with parking, in close proximity or good travel time to centres of population, to be used as 'collection centres' for online purchases. Partner up with popular retailers to offer facilities like collection lockers too, to further reduce staff requirements. Put a petrol station with plenty of 'pay at pump' places, a decent sized 24x7 convenience store (with suitable mark-up on prices) as well as a couple of complementary fast food franchises (ie. a greasy one and a 'healthy' one) on site too. Maybe throw in a few electric car fast recharging points to appear 'green' and attract the growing segment of electric cars as well. You'd be raking it in with very low staff overheads and comparatively little effort vs running a regular retail park. Quote Link to comment Share on other sites More sharing options...
200p Posted April 20, 2017 Share Posted April 20, 2017 (edited) Who are the next generation of shoppers? Are they making regular trips to their local Debenhams? Where do people buy their clothes ? Asos, Boohoo? Edited April 20, 2017 by 200p Quote Link to comment Share on other sites More sharing options...
200p Posted April 20, 2017 Share Posted April 20, 2017 Bucher said: “The backdrop to this is that our customer has changed and we need to change too. Customers are increasingly living their lives on mobile phones.” Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted April 20, 2017 Share Posted April 20, 2017 Not really Debtenhams....debt to capital ratio is 27%, not a BHS either....a lot of fuss made out of a million pound pension deficit in the autumn ( not the billion of BHS or 10 billion plus of BT ). Price to earnings is 6.7 and dividend 6.5%. Meanwhile forward earnings are falling and they are stuck with expensive leases. The Market is betting this will ruin it. On the plus side they have top notch restaurants and Britain's classiest high end perfume and cosmetic departments. It's a bet on whether the stock is overpunished with tbe lowest price to earnings in the FTSE 350. Personally I don't bet against the baying mob of shorters but they may be wrong. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted April 20, 2017 Share Posted April 20, 2017 (edited) Off topic but the S and P is surging this evening, may be the 7100 on the Ftse 100 and the 3960 on the Ftse 350 was the nadir for now. Edited April 20, 2017 by crashmonitor Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted April 20, 2017 Share Posted April 20, 2017 Silver Egg-shaped timer in Debenhams: 12 quid Same one in John Lewis: 6 quid Says it all. Quote Link to comment Share on other sites More sharing options...
Guest Posted April 20, 2017 Share Posted April 20, 2017 1 hour ago, 200p said: Where do people buy their clothes ? Asos, Boohoo? Shares in both Quote Link to comment Share on other sites More sharing options...
Digsby Posted April 20, 2017 Share Posted April 20, 2017 1 hour ago, crashmonitor said: Not really Debtenhams....debt to capital ratio is 27%, not a BHS either....a lot of fuss made out of a million pound pension deficit in the autumn ( not the billion of BHS or 10 billion plus of BT ). Price to earnings is 6.7 and dividend 6.5%. Meanwhile forward earnings are falling and they are stuck with expensive leases. The Market is betting this will ruin it. On the plus side they have top notch restaurants and Britain's classiest high end perfume and cosmetic departments. It's a bet on whether the stock is overpunished with tbe lowest price to earnings in the FTSE 350. Personally I don't bet against the baying mob of shorters but they may be wrong. If they were opening stores then with a P/E like that it'd be a good bet. With them closing stores, then yes you could view a management willing to make the hard choices, but if it's down to footfall then you'd need to take a long hard look at their online strategy and if it's not, then you have to wonder if they are failing to recognise a need to cut store sizes down an specialise more. I virtually never go in there unless I'm shopping for a gift, maybe I'm indicative of a trend they should be embracing. I wouldn't invest. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted April 20, 2017 Share Posted April 20, 2017 2 minutes ago, Digsby said: If they were opening stores then with a P/E like that it'd be a good bet. With them closing stores, then yes you could view a management willing to make the hard choices, but if it's down to footfall then you'd need to take a long hard look at their online strategy and if it's not, then you have to wonder if they are failing to recognise a need to cut store sizes down an specialise more. I virtually never go in there unless I'm shopping for a gift, maybe I'm indicative of a trend they should be embracing. I wouldn't invest. Never a good idea to bet against the crowd. If it was a new store it would no doubt have a price to earnings ratio of sixty and a 1% dividend in five years time. You know a 97p store or something. At the end of the day the Market tries to price each company correctly, so each should be the same bet. I have no retail stock because of changing trends. But no doubt folk will always want a high street experience nevertheless. Quote Link to comment Share on other sites More sharing options...
200p Posted April 20, 2017 Share Posted April 20, 2017 20 minutes ago, Kiwi_Muncher said: Shares in both boohoo could be onto to great things - they just need to also list on the US NASDAQ, and they've got a shot at being one of the new age darlings like Amazon, Apple, Facebook etc. Quote Link to comment Share on other sites More sharing options...
Errol Posted April 20, 2017 Share Posted April 20, 2017 (edited) 3 hours ago, crashmonitor said: they have top notch restaurants According to who?? I really doubt this. What is the wine list like at a Debenhams restaurant? Can I get a fillet steak? Edited April 20, 2017 by Errol Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted April 21, 2017 Share Posted April 21, 2017 (edited) Well it's a 250 year old business. Each store is a huge employer. I'm not a city person, but presumably those that are want to see city centres boarded up. But as Corbyn says let's bloody crucify these wealth extractors. Socialists love property and hate business. ( a bit tongue in cheek..but a lot of truth in there) Personally I'd be sorry if it folded. Edited April 21, 2017 by crashmonitor Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 21, 2017 Share Posted April 21, 2017 British retail sales posted the biggest quarterly fall in seven years during the first three months of 2017, as rising prices since last year's Brexit vote started to pressure consumers. Retail sales volumes contracted 1.4 percent in the first quarter following a 0.8 percent rise in the last three months of 2016, the Office for National Statistics said on Friday. That was the biggest quarterly fall since the first quarter of 2010, and is likely to reinforce the view among many economists that household spending - the main driver of the economy - is now slowing.http://uk.reuters.com/article/uk-britain-economy-retail-idUKKBN17N0V3 Quote Link to comment Share on other sites More sharing options...
Futuroid Posted April 21, 2017 Share Posted April 21, 2017 Well whaddya know, "Project Fear" is crystallising into reality! Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 21, 2017 Share Posted April 21, 2017 13 hours ago, Kiwi_Muncher said: Shares in both Never heard of either of those - we don't get the posh shops in Swansea Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted April 21, 2017 Share Posted April 21, 2017 37 minutes ago, The Masked Tulip said: Never heard of either of those - we don't get the posh shops in Swansea Nor the internet it would seem Quote Link to comment Share on other sites More sharing options...
darkmarket Posted April 21, 2017 Share Posted April 21, 2017 40 minutes ago, The Masked Tulip said: British retail sales posted the biggest quarterly fall in seven years during the first three months of 2017, as rising prices since last year's Brexit vote started to pressure consumers. People were spending as long as banks were lending. Nothing to do with the agreement to reduce credit then? The comedy continues... Quote Link to comment Share on other sites More sharing options...
Tempus Posted April 21, 2017 Share Posted April 21, 2017 Quote Link to comment Share on other sites More sharing options...
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