Jump to content
Sign in to follow this  

Superdry-ied up retail results - recession, recession, recession!

Recommended Posts

Another week another set of retail results with overpaid CEOs claiming unseasonable weather is to blame rather than themselves or the global slow down.  This time it is the turn of SuperDry and apparently warm weather hit sales of under layer hoodies and jackets...  People are talking about global warming as the end of all things but I didn't think it would be used as a scapegoat for CEO under-performance.  OK he didn't actual cite global warming but he might as well have...  And now the founder is throwing stones at the management, having recently left the Board, hmm...

https://www.bbc.co.uk/news/business-46535682

Oh and it looks like consumers have stopped buying mobile phones as well...

https://www.bbc.co.uk/news/business-46535702

If retail is a bell-weather for the economy then look out!  I haven't heard a good news story on retail for several years.  And has anyone else been getting massive pre Christmas promo action from Amazon..?  And did anyone notice that Cyber Monday morphed into Cyber week this year..?  I'm betting Christmas sales discounts are going to be massive this year and we all know what happens to retailers profits when they do that!  But it's ok because economists consensus is that a recession wont happen until 2020 so we can all rest easy then...

Share this post


Link to post

Perfect break and retest of the channel line there @elle followed by a massive break-away gap in early Oct and SuperDry returns to where it all started...  Mind you it isn't a bad brand or a bad company so in due course it could be an interesting buy, but only after the dust has settled...

  • Thanks 1

Share this post


Link to post

Bonmarche  - even the "older" people aren't shopping as much !!!

Capture bonm.PNG

Share this post


Link to post

Not clear on what I'm looking at there @Caseynotes.  Is it %growth rates?  Month on month?  Month vs prior year?  As an analyst it is important to look at the data in several ways to assess what it might be telling you.  But look at the graph below, trend really doesn't say much but then it is an index too.  One thing to note, there have been several recessions along this trend line but you would be hard but to identify it from this.  Governments don't generally like to issue bad data...  Lies, **** lies and statistics sort of thing.

UKretailsaleshistory.png.fac8ecd545f1cefc18ea43401721f23e.png

Share this post


Link to post

@Mercury  Yes, it's the percent change in the total value of inflation adjusted sales at the retail level month by month issued by the Office for National Statistics, it's the primary gauge of consumer spending and is released monthly whether good or bad.

 

Share this post


Link to post

LK Bennett in trouble, Giraffe restaurant chain closing outlets.  The Retail carnage continues.

  • Like 1

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,615
    • Total Posts
      39,051
    • Total Members
      49,204
    Newest Member
    CookyS
    Joined 17/10/19 07:35
  • Posts

    • Dax moving up to test yesterday's highs, Dow powers up to the pivot, if Dow can break the pivot Dax should see R1 H1 charts;
    • Not got anything out of the market today either. Gonna look for new strategies, different assets, different timeframes, ... Any suggestions welcome. Also probably back to Demo for a while.
    • A pause day yesterday for Dax and Dow while ASX had a strong up day but reversed overnight, Both Hong Kong and China are up slightly. A Brexit deal was expected last night but nothing materialised, gbpusd as a consequence was pushed higher yesterday but falling back today, and as a consequence of that Ftse was down yesterday and improving today. After a pause candle direction is unclear, the Dow ATH is just above but will need some incentive to attack it, Dax will try to hold onto the recent gains and the monthly chart resistance level (purple). Daily charts; 
×
×