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Marks & Spencer has reported a rise in sales for the final quarter of 2011, as shoppers stocked up on food and drink for Christmas. Excluding VAT, like-for-like sales over the 13 weeks ending 31 December increased by 0.5 per cent, with food rising by three per cent and general merchandise dropping by 1.8 per [...]
(Read More)9th Nov 11
Marks & Spencer profit drops as consumers feel the squeeze
by Katie Naylor
Marks & Spencer’s profits for the first half of the financial year fell as hard-up consumers cut back on furniture and clothes. The chief executive has warned that many people may not even go out to celebrate the new year. Marc Bolland’s warning about how consumers were tightening their purse strings arrived after the retailer [...]
(Read More)7th Nov 11
M&S looks to open more stores in Paris
by Paul Russell
Marks & Spencer is expanding further in Europe and is currently in discussions to secure extra stores in Paris as well as being close to reaching an agreement in the Netherlands. The retailer confirmed it was re-entering the French capital earlier in the year, following a 10-year period of absence. It will open outlets in the [...]
(Read More)6th Oct 11
M&S suppliers asked to finance store revamps
by Katie Naylor
Mark & Spencer has asked for the help of its suppliers to finance its store refurbishment project, a move which indicates how difficult the retailer is finding times on the high street, claim analysts. M&S’s 60 biggest non-food suppliers attended a meeting at the High Street Kensington shop in west London. During the meeting, chief [...]
(Read More)21st Jul 11
M&S axes glamorous TV ads
by Katie Naylor
The adverts that saw Twiggy’s return to our television screens and saved the image of Marks & Spencer have officially been ditched. The retail giant made the decision to scrap to glamorous television adverts – which featured female celebrities such as Twiggy, Myleene Class, Danni Minogue and Lizzie Jagger – after widespread complaints that the [...]
(Read More)14th Jul 11
M&S boosted by premium goods demand
by Paul Russell
Marks & Spencer announced a rise in sales as customers trade up to premium food and clothes in spite of the squeeze on Britain’s high street. The retail giant’s like-for-like sales climbed 1.7 per cent over the 13 weeks leading up to 2 July, a rise of 0.1 per cent from the previous quarter. Mark [...]
(Read More)26th May 11
M&S to fit outlets to affluence of local consumers
by Natasha Redman
Marks & Spencer has announced its plans to segment stores based on the particular area’s affluence and demographics for the first time in the company’s 127-year history. The retail giant revealed market share gains in food and general merchandise on Tuesday as it reported an increase in full-year profits. However, it said that it expects [...]
(Read More)25th May 11
Marks & Spencer reveals annual profits rise
by Adam Richards
Marks & Spencer revealed an increase in annual profits after gaining market share despite facing challenging conditions on the high street. The chain, which has 600 shops in the UK as well as 300 overseas, posted an increase of 12.9 per cent in underlying pre-tax profits of £714m during the year ending 2 April. M&S, [...]
(Read More)19th Apr 11
M&S unveil first carbon neutral bra
by Natasha Redman
Eco labels have become progressively popular as shoppers make extra effort to purchase environmentally friendly products. Marks & Spencer has now made ‘going green’ that little bit easier as it brought out the high street’s first carbon neutral bra. The bra is part of M&S’s new Autograph Leaves collection and the retail chain has worked [...]
(Read More)8th Apr 11
Retailers boosted by Marks & Spencer sales rise
by Natasha Redman
The despondent UK retail sector was provided with a much-needed boost yesterday when the country’s largest clothing retailer, Marks & Spencer, issues surprise positive sales figures for the three months leading up to April. M&S stated that total sales in the UK went up by one per cent over the most recent quarter. Before the [...]
(Read More)