John Lewis Partnership chairman Sir Charlie Mayfield admits pay changes in retail aren’t a “genuine move forward” November 16, 2016 The chairman of the John Lewis Partnership, Sir Charlie Mayfield, has admitted that the response to the national living wage from retailers has not been a "genuine move forward" for their employees. Following the introduction of the new national living wage, several retailers have cut staff benefits while increasing basic pay rates. Minutes from a John [...]
The Battle for Virality: How the advertising industry stole Christmas November 14, 2016 Consumer capitalism is like an annual balloon, pumping in steady increments throughout the year. It grows and grows, stretching and straining around November, taut before the Black Friday Pin; the pressure too much, one prick and the balloon explodes in a relentless cloud of Christmas advertising. But where has this volley come from? We can’t even [...]
Marks & Spencer’s 2016 Christmas advert is one for the ladies as Mrs M&S becomes Mrs Claus November 11, 2016 First there was Mrs M&S, the woman few aspire to be. Now there is Mrs Claus, the woman M&S think many would like to be this Christmas. Marks & Spencer has tonight launched its Christmas advert for 2016, with Father Christmas’ wife as the star of the show. The advert was broadcast for the first time [...]
Why it’s time to stop drinking prosecco November 10, 2016 Three years ago, when I was just starting out with this column, I boldly predicted the rise of prosecco in the hearts of the British quaffing classes. And oh how it has turned out to be true. Clever marketing, combined with the British love of cheap fizz, has propelled prosecco relentlessly up the wine charts. [...]
M&S dresses for success by choosing food over fashion November 9, 2016 As Marks & Spencer announces its turnaround plan, now is a great time to analyse how the retailer has reached this point, and whether a revival is possible. M&S reported falling sales and profits in the six months to the end of September and said it will close more clothing and home stores, and convert many [...]
What the analysts are saying about the M&S results: ‘Seismic change’ needed after ‘humiliating’ plans unveiled November 8, 2016 Retail experts have blasted Marks & Spencer's plans for a turnaround – even taking a swipe at the firm's recent collaboration with Alexa Chung – and warned that without "seismic change", the group risks continuing its "terminal decline" to its inevitable conclusion. Marks revealed a massive drop in profits this morning, and outlined plans to close [...]
2,100 jobs could go as Marks & Spencer close 53 international stores and 30 in the UK November 8, 2016 Marks & Spencer will consult with 2,100 staff in its international stores as it seeks to close 53 unprofitable branches overseas, it was announced this morning. In a bold move new chief executive Steve Rowe, who came into the top job in April, said 30 clothing and homeware shops in the UK will also be shut over the next [...]
Marks and Spencer’s profits plunge in first half as it announces plans to pull out of ten international markets November 8, 2016 Marks & Spencer has unveiled plummeting profits for the 26 weeks to 1 October, once again blaming its struggling clothing arm for dragging on the rest of the business, and outlined plans to close 60 stores. The figures Group revenue was up by 0.9 per cent to £4.99bn from £4.95bn in the first half of last [...]
M&S is braced for tumbling profits with boss Steve Rowe set to announce raft of store closures November 6, 2016 Marks & Spencer is braced to unveil tumbling profits in its interim results on Tuesday. Profit before tax is expected to have dropped by over 20 per cent to £216m according to analyst consensus, showing the scale of the challenge chief executive Steve Rowe faces. Clothing and home sales, which are measured at stores open for [...]
M&S to close dozens of stores November 4, 2016 Marks & Spencer will be closing dozens of UK stores and will cut its clothing offer in others, it's been claimed. Following reports from Bloomberg that M&S will be closing its Paris store and shops in China, Sky News has said that M&S boss Steve Rowe will announce UK store closures next week. It is expected that [...]