Marks & Spencer news

20 April 2017
M&S unveils plans to open 36 new stores as part of its five-year store plan. Reshaping the estate Marks & Spencer has announced plans to open 36 new stores over the coming six months as part of a broader move to reshape its retail estate and grow its food business. 34 of the new site openings will be dedicated food stores, with the remaining 2 clothing, home and food stores.  The announc...
09 March 2017
Ahead of our forthcoming retail safari on 23 March, we look at four key areas of learning from London's innovative retail landscape. 1.Growing food-to-go in retail  Food-to-go in London is a hotbed of activity and innovation. Leading retailers are closely following the trends, and in some instances driving them, so London provides a great case study in highlighting food-to-go implementation...
24 January 2017
We've been visiting some of London's latest concepts and locations to share some of the latest thinking in food-to-go. Princi, 135 Wardour Street While Princi isn't a new addition on Soho's Wardour St, Starbucks' 2016 acquisition of this Italian concept certainly caught our eye. And, if you can't make it to its Milan heartland, this London outpost is the next best thing. In common with S...
12 January 2017
Reporting its Q3 trading performance for 13 weeks to 31 December Marks & Spencer has announced total Groups sales up 5.9%, with its UK business up 4.5%, under-pinned by like-for-like sales of +1.9%.  Within the UK it was (for once) sales in Clothing and Home categories that drove the performance, benefiting from better ranges and availability in the crucial Christmas trading period. Clothing ga...
08 November 2016
M&S has announced a major shift in strategy that will see the retailer refocus on growing its food business faster, reduce its estate of clothing and home stores and close loss making operations in international markets. The changes follow the conclusion of a strategic review announced by new chief executive Steve Rowe in May. Sharp fall in half year profits M&S experienced a sharp fall in ...
07 July 2016
M&S UK has reported a -4.3% drop in LFL value sales in Q1, with total sales down -1.1%. LFL food sales decline for the first time in 26 consecutive quarters Like-for-like food sales have declined by -0.9% in the 13 weeks ending July 2nd, with this year's timing of Easter a particularly prominent determiner of this negative performance. Total food sales grew by +4%, buoyed by the acc...
02 June 2016
We explore how M&S continues its innovation around new global cuisine styles to boost summer trade.   Scouring the Americas Marks and Spencer's 'Spirit of Summer' campaign has been live since the beginning of May and has seen the introduction of 490 new lines inspired by the Americas. The focus is on authentic, exotic flavours inspired by South and Central America, the Caribbean and t...
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....