Tesco continue their market share gain, adding a further 52bps of market share as Tesco continue to see customers switch from M&S and Waitrose. More importantly,
Read MoreToday’s UK’ economic headlines are dominated by the drop in Retail sales, the lowest since February 2021, impacted by lower fuel consumption and
Read MoreOctober inflation has come down to 4.6% spilling water on Sunak’s mills. The move is not entirely unexpected, but nonetheless positive for
Read MoreListening to Sainsbury and Tesco’s analysts calls, as well as reading through the Poundland announcement this morning, the take away is that the good times continue to roll for UK retailers. With the
Read MoreValue has been shifting this week. The commercial real estate sector received another setback from a landmark ruling in connection with the restructuring of
Read MorePrimark this morning provide a positive read-across for our positions in Matalan, New Look and Douglas.
The brick&mortar high-street retailer reported of only
Read MoreQ4 UK apparel retail appears to have done better than in the first 9 months.
NEXT Plc’s Retail Sales growth of -3.9% in Q4 compares to an average of
Read MoreWhat a day.
As all eyes are on UK assets this morning (unwind of Corbin short and Brexit better than uncertainty/euphoria) as well as BB new issues and US/China deal. Everything is up. Some random graphs to lend perspective to where we are.
Read MoreNext PLC have been reporting a further slow-down in their Q3 to October 26th. We will stick with our Matalan position and feel somewhat stuck with our New Look position.
Implications:
Read MoreFollowing news that John Lewis is seeking discounts from landlords, the Sunday Telegraph reported that Mike Ashley is to shut down most of HOF’s stores after
Read MoreTed Baker’s numbers were thought the end of August. While that is 4 weeks further than the last numbers we have from New Look, NL management said
Read MoreA stroll down the high streets of west London alone confirms the dire state of British retail. Shop fronts remain boarded up for years now, clearly unable to find a tennant in a market with static supply and ever decreasing demand
Read MoreAs per my mail a week ago, even ASOS are struggling in this UK retail environment. But not as much as we expected.
Away from its automation issues in Europe and slow brand stocking in the US,
Read MoreFurther to our work on New Look and Matalan in recent days / weeks, the Retail Gazette writes it was the “worst June on record”, with total sales down 1.3% in June 2019 vs +2.3% comp. Overall LfLs were -1.6% vs
Read MoreFurther regarding New Look and Matalan today: LK Bennett have entered administration.
Confident note on their website:
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