tradingup
20 Mar 2018
Re: ToysRUs dont think Toys rUsgiving much away in discounts. mostly rubbish plastic stuff. anyonelooking for good toys for their kids should stay away.
Lupo di mare
18 Mar 2018
Re: Kantar latest Makes sense - it's just so easy to click, n collect when you're doing your weekly, or whenever. I guess that those who get their groceries delivered can get Argos delivered with the spuds.They've still got their work cut out to compete with the perception, quite probably factual, that Asda n Tesco, n Morrisons are selling good enough produce at lower prices. Maybe I should check out Tesco again; don't know where the others are. Not to mention the popularity of Lidl - I refuse to mention the other one, having had very bad experiences in the past - which has become the in-thing for posh folk to mention. In reality, their budgets are being squeezed and they don't mind queueing, lol.
skiking
07 Mar 2018
Re: Kantar latest And talking of Argos......Argos boss John Rogers, who is speaking at the Retail Week Live event in London today, says its online sales are close to breaking through the £2bn mark.Almost 60% of orders are now made online, which he says is a huge shift for the business.(as reported by BBC)
skiking
06 Mar 2018
Re: Kantar latest Well, the market didn't like this status for Sainsbury (down almost 3.5%) but loved Tesco (up nearly 4%).I personally (and hope) that this is an overreaction especially as Sainsbury also has Argos and Habitat in its portfolio. I'm sold a few weeks ago on the market correction so looking to get back in - looking at around 235 as an entry point.
Lupo di mare
06 Mar 2018
Kantar latest [link]
Kool Keith
01 Mar 2018
Re: ToysRUs Re toys r us, went there this weekend there was no sign of them 'trying' to raise the 15m required by reducing items. Also looking the store I wondered how many of their items they actually can sell at a discount, as I would of thought a lot of the items could be on a consignment style basis, i.e. they only purchase the item (say lego) when they sell the item, if that's correct a lot of the stock will be collected by the manufacturer and relocated to say Argos, Smythes and the enemy, Amazon lol.There was a graph on the news showing ToysRus sales dropping alarmingly, Argos dropped slightly but maintained a high position < that was good to see for us shareholders, Smythes showed a large rise (due to rapid expansion and on line presence).
pyueck
28 Feb 2018
Re: ToysRUs Yes as i commented a few months ago this should be a major boost for Argos, direct competitor gone. Not good for the toys r us staff. Only downside is that it could actually impact sales during period when toys r us is selling off its stock at a discount, get your Christmas presents now!
Daylite
28 Feb 2018
ToysRUs Surely Argos is in prime position to pick up a large share of the toy market when all the ToysRUs stores disappear. Many of their stores are on the same retail parks as Argos.Christmas 2018 trading should be excellent at Argos.
marktime1231
12 Feb 2018
Its clean, its fresh but it is bottom of the heap for SBRY in a survey of shoppers, stuffed out of sight by the chavs who shuffle round Aldi in pyjamas and who don't care about dead rats or grubby floors so long as the price of prosecco is right.I cannot see Aldi, a privately held German discounter, logo on Team GB's adidas shirts in the Olympics without shuddering. What will we not do to make or save a penny here and there, this is supposed to be about waving the Union Jack fer chrissake. We will be calling the head of Team GB chef-de-mission next ... oh, we already did.Actually I lost faith after a lifetime with SBRY last year, stabbing Fairtrade in the back and trying to disguise that by rebranding Red Label tea as Fairly Traded ... riot scenes outside one store in Godalming where pensioners gathered to protest. I contented myself with a stroppy letter to the CEO, and I have crawled back in the hope that the Argos tie up is the start to some good news.
Lupo di mare
02 Feb 2018
Re: Nectar more For Sainsbury's it is going to be "immediately cash positive and earnings accretive"."02.01.2018MONTREAL, Feb. 1, 2018 /CNW Telbec/ – Data-driven marketing and loyalty analytics company Aimia Inc. (TSX: AIM) today announced it has sold its Nectar loyalty program and related assets (including the Nectar trademarks) to J Sainsbury plc for a gross consideration of approximately $105 million(1) (£60 million).Sainsbury’s was a founding partner of the Nectar coalition in 2002. Today, the Sainsbury’s group reaches across grocery, financial services, energy, clothing, and general merchandise. With that diversification, Sainsbury’s now covers many of the key categories for a typical retail coalition and is Nectar’s largest issuance and redemption partner.The evolution of the Sainsbury’s group has led to more limited prospects for Nectar to add new non-competitive partners of scale. When combined with the takeover of partner Homebase by Bunnings and the exit of British Gas, Aimia ultimately determined that retaining its ownership of the Nectar business offered more limited opportunities to add value to the company and the parties mutually agreed to pursue a sale of the business to Sainsbury’s.“Selling the Nectar business to Sainsbury’s was the optimal risk-adjusted outcome for Aimia and we have worked to ensure a seamless transition for collectors and employees,” said David Johnston, Group Chief Executive, Aimia. “The transaction allows for a sharper focus on Aeroplan, our largest and most profitable business, and simplifies our business all the while preserving a robust balance sheet for our ongoing business.”Along with the sale of Nectar business and Aimia’s Intelligent Shopper Solutions U.K. and Intelligent Research businesses, and a 50% equity stake in its i2c joint venture with Sainsbury’s, the agreement also provides for the transfer to Sainsbury’s of approximately $183 million (£105 million) of cash providing coverage against the Nectar redemption liability. Aimia will continue to deliver customer insights and data analytics platforms to customers outside the U.K.The transaction is also subject to customary working capital adjustments based on closing accounts, with net working capital amounts paid to Sainsbury’s at closing of approximately $96 million (£55 million). Included in this amount are net payables in respect of December redemptions normally paid in the first quarter of the year.Aimia also obtained the consent of its lenders, as required for the release of one of Aimia’s subsidiary guarantors under its senior credit agreement. In connection with this consent, Aimia has reduced its overall debt level with a $100 million repayment made at closing and the overall size of the facility has been reduced to $208 million. In addition, Aimia has agreed to certain amendments to the credit agreement which include amendments(2) in respect of quarterly debt paydowns contingent on positive free cash flow performance, working capital requirements for new borrowings, elimination of the Deferred Revenue Reserve (DRR) Fund alongside insertion of a minimum liquidity covenant, lower leverage covenants, tighter restrictions on common and preferred share dividend payments and revised conditions around acquisitions and disposals.As at September 30, 2017, Aimia had close to $670 million of cash and cash equivalents (including investments in corporate and government bonds). Adjusting for and giving effect to the Nectar transaction, Aimia’s net cash and liquidity position will be reduced by approximately $174 million. As the contractual requirement with Sainsbury’s under which approximately $208 million (at September 30, 2017) had previously been held in reserve by Aimia no longer applies, Aimia views the impact of the Nectar transaction as having a positive impact on Aimia’s net cash position prior to giving effect to the repayment of $100 million under its credit facility and any positive cash inflows generat
Lupo di mare
02 Feb 2018
Nectar I missed this, yesterday."Yesterday Sainsbury's bought its Nectar loyalty programme from the company that runs for £60m. But why?Catherine Shuttleworth, of retail analysts Savvy, told Wake up to Money: "Big retailers are realising data is hugely important and needs to sit at the heart of their organisation,"Now Sainsbury's has bought Nectar it means they have the advantage of knowing everything their customers do on a very regular basis. They want to take control of that rather than hand it off to somebody else."It shows loyalty card schemes are far from dead, and in the battle for the shopper - particularly in the days of Amazon, who know everything about you because of their algorithms - the likes of Tesco and Sainsbury's need to know their customers better than anyone else."
skiking
23 Jan 2018
Re: Jobs shake-up Tesco announced a staff reduction exercise yesterday and the share price went up and continued up. Sainsbury announces something very similar and it falls!
lastminute-world
23 Jan 2018
Re: Short Capitulation Stockwatch: The mother of all short squeezes?Is the £3 billion online grocery/technology stock Ocado (OCDO) to be squeezed even higher as short sellers feel pain? This week has brought news of a second international technology/warehousing deal - with Canada's second-largest retailer after a major French retailer only seven weeks ago. These deals have inflated Ocado shares well over two-thirds in market value, to 525p.Before the Canadian deal, Ocado was the third-largest short on the London market, with 13.5% of issued shares loaned out, thus now putting hedge funds in a dilemma whether to nurse losses, increase their shorts or close out.It has wider relevance beyond Ocado, ie how much notice should you take of accumulated short positions and when? The collapse of Carillion (CLLN) is now proclaimed obvious in hindsight, with 14.0% of its equity having been loaned out, making it the second most-shorted stock. Debenhams (DEB) at number one is having a sore time, too, its market value halving in the last six months.Please do your own research-----
Lupo di mare
23 Jan 2018
Jobs shake-up Hard on the heels of Tesco's announcement, here's this from Sainsbury's. I still think that Argos benefit hasn't been fully appreciated by brokers."Thousands of shop floor jobs are at risk as part of a major shake-up at Sainsbury's.The supermarket chain is changing the way it manages its stores across the UK and scrapping some management posts.Sainsbury's would not confirm the number of employees affected by the move but said it was "in the thousands".On Monday, the UK's biggest supermarket chain, Tesco, announced it was cutting 1,700 shop floor management jobs.Like the other major grocers, Sainsbury's is trying to cut costs and simplify its plans to save £500m over the next three years.Earlier this month, it confirmed it was "on track" to achieve £185m of cost savings this year, putting it ahead of target.Sainsbury's, which jostles for position as the UK's second-biggest supermarket with Asda, has more than 1,400 stores in the UK.The posts will be replaced by fewer, but mostly better paid, new management roles in each store.Employees have the choice of either applying for these new roles or accepting a more junior position if unsuccessful. Otherwise they face redundancy.Simon Roberts, retail and operations director of Sainsbury's, said: "We're proposing a store management structure that will deliver best in class leadership and, in many cases, will offer an improved reward package for new management roles."The proposals will introduce a more efficient and effective structure, designed to meet the challenges of today's retail environment. They will deliver cost savings to be invested in our customer offer and in our colleagues as they continue to provide the very best service for our customers."Our intention is not to reduce overall headcount as a result of these proposals."I appreciate this will be a difficult time for those affected and we will fully support our people through these changes."Rival Tesco has said it intends to cut 1,700 jobs from its branches and warehouses as part of its turnaround strategy. However, it also plans to create 900 jobs and said it would try to move staff affected by the cuts into the new roles.Tesco's UK chief executive Matt Davies said the changes were "necessary to ensure our business remains competitive and set up for the future".Tesco is aiming to make £1.5bn in cost savings over the three years to 2020.Philip Dorrell, managing partner at Retail Remedy, said the "ongoing stresses" in the retail sector had been driven by a need to reduce costs in the face of shrinking profit margins."They are shrinking as the discounters have fuelled a need to be more competitive on price, at a time when the volumes that the retailers are selling reduce," he added.Discount retailers such as Aldi and Lidl were picking up much of the business lost by the mainstream supermarkets, he added.As a result, grocers have had to cut costs - and labour is one of their biggest costs. "Therefore, the stage is set and the decline of the grocers' workforce will continue," he said.The Unite union, which represents more than 12,000 members working for Sainsbury's, said the jobs to be scrapped included team leader/store supervisor roles in all branches. There would also be "major changes" to the department manager and deputy manager structure, it added.The union said it would seek "guarantees" that there would be no compulsory redundancies as a result of the restructuring."We appreciate that Sainsbury's has a good record of redeployment of staff in these situations and we will be exploring every avenue to ensure the continuing employment for our members," said Unite's Bev Clarkson.
lastminute-world
22 Jan 2018
Short Capitulation Amazing OCDO capitulation and how the institutional investors do get it wrong.Loving it.Please do you own research.......
