Marks & Spencer news

25 May 2016
M&S has revealed positive group sales of 2.4% for the 53 weeks to 2 April 2016, although pre-tax profits have fallen by 18.5%. LFL Food sales at 0.2% Total M&S Food sales increased by 3.6% in the 2015 financial year, with LFL sales growth recorded at 0.2% as M&S continues to outperform the market despite fierce competition and high deflation. M&S pointed to the continued benefits of i...
07 April 2016
M&S has revealed positive group sales of 1.9% for the 13 weeks to 26 March 2016, however like-for-like food sales are flat while clothing and home continue to struggle. LFL Food salesat 0.0% Total M&S Food sales increased by 4.0% in Q4, driven by 80 store openings in the year. Like-for-like sales however came in flat, showing a decline in food performance after 25 consecutive quarter...
07 January 2016
Marc Bolland has announced his imminent retirement as M&S reported flat sales at 0.0%. UK sales fell by 0.3% with GM disappointing and Food growing well. Marc Bolland to be replaced by Steve Rowe Marc Bolland, M&S CEO for the past six years, will retire at the end of the current financial year on 2nd April 2016. He will be succeeded by Steve Rowe, currently head of General Merchandise....
22 December 2015
M&S has chosen a shopping mall in Beijing as the location for its latest international flagship store. Tenth store to open in China As part of its strategy to increase the presence of flagship stores in large cities around the world, M&S has expanded its international portfolio with a new flagship store in The Place shopping mall, Beijing. Located in the Chaoyang District, Beijing's ...
04 November 2015
M&S has released encouraging half year results for the 26 weeks ending 26th September 2015, with group sales up by +1.4% to £5.0bn. Food business is growing well Total food sales grew by +3.3% across the 26 week period, with LFL results reported at +0.2%. With LFL sales for the first half of 2015 dropping below M&S's Q1 +0.3% result, food performance has slowed marginally in the second...
15 October 2015
Marks and Spencer aims to create a new style of customer relationship with the launch of its SPARKS rewards scheme. What is it? SPARKS is a new customer-centric initiative from M&S, positioned as a members club that relies on collaboration to benefit both member and retailer. Executive director, Patrick Bousquet-Chavanne, has said the concept of SPARKS being a club was inspired by cu...
14 October 2015
Marks & Spencer has announced plans to close 12 stores across five Eastern European countries amidst challenging macroeconomic and political conditions. A firmer focus on successful Eastern European markets The 12 closures will begin in January 2016 and will see the retailer leave Croatia, Bulgaria, Montenegro, Serbia and Slovenia by May 2016. The decision marks a significant shift in ...
09 October 2015
.style1 { text-align: right; } In our city feature series, Retail Safari, we highlight some of the best stores we have visited in European and North American cities. Following Vancouver, we’re shifting our focus to across the Atlantic to Amsterdam, highlighting five key grocery attractions in the Netherland’s largest city. Gavin Rothwell, Retail Insights Manager, and Jon Wright, EMEA Research...
05 October 2015
Most food and grocery shoppers say they will use their own bags when the mandatory charge for single-use carrier bags starts in England on Monday 5th October. Latest ShopperVista research on bags for life The latest IGD ShopperVista research finds: Two-thirds (64%) of shoppers plan to use bags for life A fifth (19%) say the charge won’t affect them as they already use their bags...
30 July 2015
M&S will close nine of its stores across three different formats this year as it focuses on optimising its estate. Closures focused on general merchandise stores Three of the nine M&S stores to close are full-line stores in Stevenage (Hertfordshire), Wood Green (NO London) and Caste Bromwich (West Midlands). In addition, M&S will close five outlet stores across the UK as it manages sto...