Marks & Spencer unveils plans to replace retail space with offices at Marble Arch store March 9, 2021 Marks & Spencer (M&S) has unveiled plans to redevelop its Marble Arch store, with some retail space set to be replaced by offices. Under proposals announced this afternoon, M&S said the lower levels of the West End store would remain as retail space offering its food and clothing and home ranges. However, the upper floors [...]
What’s going on between Ocado and Marks and Spencer? March 1, 2024 Online grocer Ocado and retail giant M&S are currently embroiled in a dispute over a final payment related to their online food joint venture.
Marks & Spencer posts first loss in firm’s history November 4, 2020 Marks & Spencer posted its first loss in 94 years as a publicly listed company as clothing sales collapsed due to the coronavirus crisis. The high street stalwart reported a £87m pre-tax loss for the first half of the year. In the same period last year it made a profit of £158.8m in the same [...]
Marks & Spencer expands online presence to more than 100 markets with launch of 46 new websites March 8, 2021 Marks & Spencer (M&S) has launched 46 new flagship websites across the world, expanding its online reach to more than 100 countries. The launch, announced this morning, is part of M&S’s plan to “turbocharge” its online business, and almost doubles the number of international markets where it has a pureplay online presence. In it’s most [...]
UK firms welcome Ukranian refugees with offer of 10,000 jobs March 13, 2022 British businesses including Marks & Spencer are calling on government to welcome Ukranian refugees fleeing war in Russia.
High Street retail race: Marks and Spencer predicted to overtake John Lewis by 2026 February 8, 2023 Marks & Spencer will overtake John Lewis in the rankings of the UK’s biggest retailers by 2026, according to a new sales forecast. Tesco will retain its position as the largest retailer, followed by Sainsbury’s, but Amazon is on track to move into the top three within the next few years, industry title Retail Week [...]
Marks and Spencer upgraded by Moody’s on ‘prospects for further growth’ November 17, 2023 Earlier in November, Marks announced hefty profits during the half year, as the firm’s reshaping programme continued to show signs of paying off.
Marks and Spencer’s success is not a ‘flash in the pan’, analysts cheer January 3, 2024 M&S's success will not be a “flash in the pan”, analysts have said as the retailer is crowned one of the top stock picks of 2024.
Marks & Spencer launches ‘innovation hub’ to expand plant-based food range November 18, 2020 Marks & Spencer (M&S) has announced the launch of a “innovation hub” to develop sustainable food products. The retailer announced today that the nine-strong innovation team, which will launch in January, will seek to capitalise on emerging trends, such as veganism and environmental causes, to become “more relevant” to its customers. Research will include soya-alternative [...]
Marks and Spencer: Five charts revealing the remarkable turnaround of a British icon May 25, 2024 Wracked by poor sales figures, rickety online infrastructure and a general identity crisis M&S, the once darling of the British high street has pulled off a remarkable turnaround.