zugzwang Posted September 20, 2018 Share Posted September 20, 2018 19 hours ago, Ash4781 said: The share price is testing new lows today. I’m not sure when the strategy options are due (some soft options have already been ‘tested’ and shot down). For me after the awful John Lewis numbers the question is how rapidly are margins deteriorating ? George Osborne's 'Grand Central' opened in September 2015, a monstrous point-of-sale opportunity for John Lewis that also masquerades as a railway station and a doss house for Eastern European beggars. The final bill was £750,000,000. No money was spent improving the railway track, platforms or rolling stock... Quote Link to comment Share on other sites More sharing options...
Errol Posted September 20, 2018 Share Posted September 20, 2018 What a hideous building! Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 20, 2018 Share Posted September 20, 2018 Share price under 10p now ( 9.65p currently) . Seems to have take a beating today. Quote Link to comment Share on other sites More sharing options...
regprentice Posted September 20, 2018 Share Posted September 20, 2018 Debenhams preliminary results are due on the 25th of October. It'll be a white knuckle ride for the share price til then, and if the figures don't show significant improvement I don't think they will make it to Christmas Some chat on LSE share site about the state of DEBs finances...at the end of last year Debenhams had £918mn of net assets of which £820mn was Goodwill. The £98mn difference between those two numbers is probably the real value of Debenhams and is very similar to the £90Mn Mike Ashley eventually paid for HOF. http://www.lse.co.uk/ShareChat.asp?ShareTicker=DEB&page=2 Quote Link to comment Share on other sites More sharing options...
scottbeard Posted September 20, 2018 Share Posted September 20, 2018 2 hours ago, regprentice said: Debenhams preliminary results are due on the 25th of October. It'll be a white knuckle ride for the share price til then, and if the figures don't show significant improvement I don't think they will make it to Christmas I'd have thought it would make sense to keep them open until January, even if only to sell off the remaining stock in the main spending season of the year, rather than try and liquidate it some other way. Fundamentally though Debenhams is like Woolworths was - a brand that everyone feels warmly towards...until they stop to realise just what rubbish it sells and how rarely they ever want to go there. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 21, 2018 Share Posted September 21, 2018 (edited) Debenhams Needs to Find Salvation at Christmas indepth analysis https://www.bloomberg.com/view/articles/2018-09-21/debenhams-needs-to-find-salvation-at-christmas Edited September 21, 2018 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
SlimJ Posted September 21, 2018 Share Posted September 21, 2018 We have a large Debenhams in Canterbury, it doesn't matter how busy the town is, Debenhams is always quiet! The only reason we go in there is to have a free squirt of perfume or to use the toilets. Quote Link to comment Share on other sites More sharing options...
happyguy Posted September 21, 2018 Share Posted September 21, 2018 No news here - ever heard of ONLINE SHOPPING - !!!!!!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
winkie Posted September 21, 2018 Share Posted September 21, 2018 Recycle, make, make do and mend, do-it-yourself charity shop Christmas....? Quote Link to comment Share on other sites More sharing options...
The Preacherman Posted September 21, 2018 Share Posted September 21, 2018 Evans Cycles seeks new owner amid cash crunch https://www.bbc.co.uk/news/business-45595144 Another pirate equity disaster. Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 24, 2018 Share Posted September 24, 2018 And we're off... WH Smith halts Debenhams gift card sales https://www.bbc.co.uk/news/business-45629427 End of this week? Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 25, 2018 Share Posted September 25, 2018 (edited) https://www.bbc.co.uk/news/business-45634363 ”Debenhams attempts to 'bring joy back' to High Street” Lots on a new store format (would probably need to visit the store to see whether it’s hot air) then in the article ”The company won't reveal the price tag of this new store, saying only that a capital contribution from its landlord, Intu, has paid for most of the cost. Debenhams will be the anchor tenant in the shopping group's new 400,000 sq foot development.” See Intu Plc share price Edited September 25, 2018 by Ash4781 Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 25, 2018 Share Posted September 25, 2018 Intu and Debs, clinging together .... jesus. Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 25, 2018 Share Posted September 25, 2018 Ha! New shopping centre ... in Watford!!! Debs as anchor store. What next? Rose West nursery? Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 25, 2018 Share Posted September 25, 2018 14 hours ago, spyguy said: And we're off... WH Smith halts Debenhams gift card sales https://www.bbc.co.uk/news/business-45629427 End of this week? What’s the logic ? I can only think they sell a lot of volume/£ Debenhams gifts cards and wouldn’t want the bad press? (Surely there’s no liability for Whsmith) Quote Link to comment Share on other sites More sharing options...
Houdini Posted September 25, 2018 Share Posted September 25, 2018 It's not quite a new shopping centre, it's a redevelopment. Interestingly the new Debenhams cornerstone tenant store is 113,000 sq ft see https://intu.co.uk/watford/news/the-intu-watford-revelopment-and-extension (which too me seems large for this day and age).. Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 25, 2018 Share Posted September 25, 2018 18 minutes ago, Ash4781 said: What’s the logic ? I can only think they sell a lot of volume/£ Debenhams gifts cards and wouldn’t want the bad press? (Surely there’s no liability for Whsmith) Reputational risk. Smiths have looked at the likelyhood iof Debs being around after xmas and decided they dont ant disgruntled Xmas present holders saying their cards no valid. Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 25, 2018 Share Posted September 25, 2018 11 minutes ago, Houdini said: It's not quite a new shopping centre, it's a redevelopment. Interestingly the new Debenhams cornerstone tenant store is 113,000 sq ft see https://intu.co.uk/watford/news/the-intu-watford-revelopment-and-extension (which too me seems large for this day and age).. No other takers. Quote Link to comment Share on other sites More sharing options...
Houdini Posted September 25, 2018 Share Posted September 25, 2018 4 minutes ago, spyguy said: No other takers. No other options - from memory a John Lewis and a House of Fraser already exist in the town.... To say that Watford may be oversaturated with shops could be an understatement - it's slightly less hassle than going into the West End though if we are in the area.... Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 25, 2018 Share Posted September 25, 2018 27 minutes ago, Houdini said: It's not quite a new shopping centre, it's a redevelopment. Interestingly the new Debenhams cornerstone tenant store is 113,000 sq ft see https://intu.co.uk/watford/news/the-intu-watford-revelopment-and-extension (which too me seems large for this day and age).. From the BBC article. Aswell as the bar, etc. It reads like they have a lot more space than required! “This new store has around 25% fewer products in women's fashion, but they are better displayed” Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 25, 2018 Share Posted September 25, 2018 1 hour ago, Ash4781 said: What’s the logic ? I can only think they sell a lot of volume/£ Debenhams gifts cards and wouldn’t want the bad press? (Surely there’s no liability for Whsmith) People buying gift cards in wmsiths wont see it like that. Again, smiths must know how many cards the sell i nthe run up to xmas. Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 25, 2018 Share Posted September 25, 2018 1 hour ago, Ash4781 said: From the BBC article. Aswell as the bar, etc. It reads like they have a lot more space than required! “This new store has around 25% fewer products in women's fashion, but they are better displayed” Which, in a few years, means higher rent and higher rates. Stupid thing for Debs to do, desprate spin opf the dice. Quote Link to comment Share on other sites More sharing options...
Errol Posted September 25, 2018 Share Posted September 25, 2018 I don't think they have got the message - this form of shopping is dead. People can't be arsed to go into shops these days. Why bother when you can order it from home while sitting on the couch eating chips? Quote Link to comment Share on other sites More sharing options...
winkie Posted September 25, 2018 Share Posted September 25, 2018 3 minutes ago, Errol said: I don't think they have got the message - this form of shopping is dead. People can't be arsed to go into shops these days. Why bother when you can order it from home while sitting on the couch eating take away chips? Corrected.......there is still a shrinking market of people who like to leave the house, visit a shopping centre, touch and feel stuff, buy from a human being.....like there are those who would not want to eat food made by an establishment where they couldn't see how the food was prepared or what went into it, they choose to cook from scratch and would never have it delivered....no right or wrong only individual preferences.....more choices the better for everyone......careful what you wish for.? Quote Link to comment Share on other sites More sharing options...
Council estate capitalist Posted September 25, 2018 Share Posted September 25, 2018 8 hours ago, Ash4781 said: What’s the logic ? I can only think they sell a lot of volume/£ Debenhams gifts cards and wouldn’t want the bad press? (Surely there’s no liability for Whsmith) I'm not 100% about this but if the purchase of gift cards with a credit card is treated like a normal purchase then customers of WHsmith who would be holding worthless gift cards might be able to do a section 75 chargeback against WHsmith. This could also just be a standard commercial dispute between Deb's and Smiths about how much commission Smiths take on the sale of the gift card. Quote Link to comment Share on other sites More sharing options...
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