The overall feeling from the Peel Hunt FTSE 250+ conference last week was slightly more positive and the retailers were on good form too.
Doc Martens followed up its recent results with further expositions on the change of strategy to become more product-led and customer-centric than channel-focused.
B&M distanced itself from talk of a margin reset, indeed it was possible to identify a number of tailwinds here, rather than doom and gloom.
It is far too early to say that the consumer is “back” and investors are still generally cautious on our names. However, there is cause for some optimism and valuations are generally low.
