At least Next are busy

Kez100

What margins do Next/Debenhams/M&S make on full price clothes?

I also think 20% off something I want in the right size while shop are not manic is a better deal than anypercent off carp.

I have a very minimal wardrobe. I tend to buy when I go on a proper holiday (as opposed to camping) and then mix and match until the next holiday. Mainly because I hate going shopping when I have so few hours free.

milliemonster

the Next sales usually are genuine though, they discount by half price or more that seasons remaining stock ready for the coming season, this is why they are always manic, most stuff goes in the first couple of hours, I can't tell you the times I have been mad that I've paid full price for something that then has been half price in the end of season sale, yes quite often its 'extreme sizes' that are left, whatever is left is then shipped to the crappy Next Clearance stores they really are full of tat that nobody wants

shirlgirl2004

I haven't been near the shops but have bought online. I bought the OH new trousers fron next. He's a 34XL so not a popular size so they had loads instock in his size. As it's one of the few shops he can get trousers to fit they are probably items we would have bought anyway but we are buying them when at this time he didn't really need them. I also bought him some size 13 shoes from Barratts for half price. Finally I bought some toys from Boots. They were all half price. My DDs birthday is March so most were for that. Some will do as presents for when my DD goes to parties throughout the year.

In the past I have assumed that the half price toys would be obsolete by next Xmas but having seen some of the toys go back to full price I now now that it isn't always the case. I guess as a rule toys are different. Shops stock up on them in the run up to Xmas and then have to clear the shelves for the normal stock.

credit_crunch_victim

the next sale is about the best one there is that is why it is so popular how many on here have been there at 5am to see
debenhams were doing 20% off not long ago off of everything in store that is a genuine sale
and there has been a h&m voucher on here for a while that gives 20% all purchases
what more do you need

Jennifer_Jane

Ah more examples of 'rip-off' Britain.
Jen
x

fc123

Kez100 wrote: »

What margins do Next/Debenhams/M&S make on full price clothes?

I also think 20% off something I want in the right size while shop are not manic is a better deal than anypercent off carp.

I have a very minimal wardrobe. I tend to buy when I go on a proper holiday (as opposed to camping) and then mix and match until the next holiday. Mainly because I hate going shopping when I have so few hours free.

I will put my neck on the line for this....I believe that a blouse (say) ex factory will be £3 and retail @ full price @ £22 min.

M + S never used to have sales as their retail prices were costed at 'Best Value'. If a garment was £10 ex factory (used to be a UK one) , it would retail @ £30. Now they are sourcing in the Far East (and are trying to emulate the Next business model) a £30 retail price item in UK would probably cost (ex Far East factory about £2.50....so plenty of slack on the margin.


Of course, with the dollar and reduced capacity in China...next Xmas may not be so much of a bargain bounty......the big margins have given all the chains an added, extra sales ploy.
I am old enough to recall when M + S didn't ever have a sale...it was bliss...you could buy an item as a gift and know, for sure, that it wouldn't be sold for pennies after Xmas.

You have gotta be a bit of a derrr to purchase @ full price when you KNOW that that chain marks down everything 2 weeks later.

fc123

Kez100 wrote: »

What margins do Next/Debenhams/M&S make on full price clothes?

.

OK here goes...I believe Monsoon + Accesorize mark up X 9 to X 12 from cost.

Jack Wills (who had a stonking sale and also did the barrier/restricted entry thing (but it was for show....I chat to the staff) mark up X 15 ex factory.

Next AFAIA mark up min X 8.
M+ S X 8 but essentials (vests undies etc) are X 6.

Tesco are X 5 or so....but they run lower mark up items for publicity...school uniform, tee shirts and the famous £4 jeans.

K Millen X 15 min

H + M x 8 min

Whistles X 15

Gap at least X 10.

The tradition in clothing up until 10 years back was a mark up of X 2.5 from cost. Independent retailers work on X 2.7 usually.

If the High St worked on my mark ups, everything would be pennies.

Remember, a machinist in Bangladesh earns 4p per hour, in China 10p per hour. M + S source from Bangladesh, Sri Lanka and China.


That's my ''value'' when I sit behind a sewing machine and make something.

bo_drinker

You learn something every day. Interesting reading.

Kez100

If the High St worked on my mark ups, everything would be pennies.

Hence Primark?


The ability to hit these mark ups is due primarily to the unethical sources?

So, the question is, is 10p an hour unethical in China or does 70p buy you a whole weeks groceries in China? I am assuming not.

(I am sure this sound ignorant - I am, but trying to learn)

Now, their trade isnt just about margins. They also have huge overheads. Do, lets say, M and S tend to rent or own stores?

fc123

Kez100 wrote: »

The ability to hit these mark ups is due primarily to the unethical sources?

So, the question is, is 10p an hour unethical in China or does 70p buy you a whole weeks groceries in China? I am assuming not.

(I am sure this sound ignorant - I am, but trying to learn)

Not neccessarily unethical...just cheaper. People get more het up about Indian call centres taking employment from UK than clothes making jobs. Factory work is far from glamourous or fun....sitting in a call centre with a headset on may be easier....I don't know as I have only ever joined in on a clothing production line......to get my own range out on schedule.

I add value to the time I spend sitting behind a sewing machine by designing from scatch the items I am sampling.