SHARES in Marks & Spencer rose two per cent yesterday as the latest phase of the retailer’s turnaround plan won the City’s approval.
Chief executive Marc Bolland showcased a new layout for its womenswear range at the Oxford Street Pantheon store that it hopes to roll-out across the UK.
The changes include a new shoe and accessories display area, and “welcome zones” with mannequins showcasing the latest trends.
Independent retail analyst Nick Bubb said the changes were “encouraging” but cautioned that they “still have a lot to do to bring their stores up to scratch”.
Bolland said the response to the autumn-winter range had so far been positive but declined to give figures. He denied that the range was “make-or-break”, insisting it was “in the right direction of better quality and better style.”