Marks & Spencer winning streak continues as profits soar
1 month, 2 weeks ago

Marks & Spencer winning streak continues as profits soar

Daily Mail  

Marks & Spencer profits soared 17.2 per cent in the first half, with the retailer continuing to beat expectations thanks to market share gains. Revenue climbed 5.7 per cent to £6.48billion, with food sales up 8.1 per cent and clothing and homeware sales up 4.7 per cent, with notable growth across womenswear. Boost: Marks & Spencer enjoyed higher sales across its clothing lines in recent months 'Despite this, the business has traded well, growing volume and value market share. Festive: Dawn French in the 2024 Marks & Spencer Christmas advert Transformation: Stuart Machin is on a mission to revive M&S's store portfolio Machin said: 'Executing our strategy to "Reshape M&S for Growth" has again delivered an increase in customers, sales value and volume, market share, profit and returns.

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History of this topic

How Marks and Spencer became the shop of the year
1 week, 2 days ago

How Marks and Spencer became the shop of the year

The Independent  

It’s a rags-to-riches fairytale that became a byword for “British” – Marks & Spencer, the great national treasure of the high street, has seen through many lifetimes. “The ‘New In’ section is giving,” Glamour magazine declared in a feature titled “Marks & Spencer clothing is as good as the Insta girlies claim”, back in July. Crucially, it’s clear that Michael …

Marks & Spencer scales back its home decor business in India
1 month ago

Marks & Spencer scales back its home decor business in India

Live Mint  

British retailer Marks & Spencer is scaling back its home decor business in India, removing home linen, home decor, and dinnerware from store shelves. On the retailer’s website products listed under “home" are currently on sale; in several stores areas designated to the home collection have been vacated and replaced by the retailer’s regular inventory. “Over the last two years …

Marks & Spencer sees profits surge, but cautions over consumer pressures
1 month, 2 weeks ago

Marks & Spencer sees profits surge, but cautions over consumer pressures

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Marks & Spencer has notched …

Marks & Spencer staff will get £10,000 payouts after retailer announced 'best ever Christmas' and is poised to overtake Waitrose as Britain's middle-class shop of choice
11 months, 1 week ago

Marks & Spencer staff will get £10,000 payouts after retailer announced 'best ever Christmas' and is poised to overtake Waitrose as Britain's middle-class shop of choice

Daily Mail  

Marks & Spencer staff are set to get £10,000 payouts after the retailer announced its 'best ever Christmas', which puts the retailer in position to become the shop of choice for middle-class Britain. Sales of food at M&S were up 12.1 per cent in the crucial 12 weeks ahead of Christmas while the figure for Waitrose rose 3.6 per cent. …

SHARE OF THE WEEK: Marks & Spencer to reveal full-year results
1 year, 7 months ago

SHARE OF THE WEEK: Marks & Spencer to reveal full-year results

Daily Mail  

Marks & Spencer will give a glimpse of how life is on the High Street when it publishes results next week. At its half-year results in November, M&S delivered news of a dip in profits alongside a bleak warning about a 'gathering storm' of input cost increases and pressure on household budgets. The online grocer and tech firm reported a …

M&S suffers £200MILLION losses lockdown sales plunge
3 years, 6 months ago

M&S suffers £200MILLION losses lockdown sales plunge

Daily Mail  

Marks & Spencer will shut dozens of stores after suffering a £201million loss for the past year as it revealed the scale of the financial hit caused by successive lockdowns with clothing and home sales falling by a third. It reported that food like-for-like revenues increased by 1.3 per cent over the past year but the company saw its clothing …

Ocado says M&S products are a hit after switch from Waitrose
4 years, 3 months ago

Ocado says M&S products are a hit after switch from Waitrose

The Telegraph  

Ocado has said more shoppers are buying Marks & Spencer products in the two weeks since it launched its joint venture with the retailer than they bought Waitrose goods before the switch. Revenues climbed 52pc to £587.3m for the 13 weeks to Aug 30, compared to the same period last year, while the average number of orders Ocado received per …

Marks & Spencer to cut 7,000 jobs as clothing sales collapse
4 years, 4 months ago

Marks & Spencer to cut 7,000 jobs as clothing sales collapse

CNN  

London CNN Business — Marks & Spencer will axe 7,000 jobs over the next three months, delivering another blow to the struggling UK economy as the pandemic changes the way people work and shop. The venerable UK retail chain, which sells clothes, food and household goods, said in a statement Tuesday that cuts to its 78,000-strong workforce will be made …

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