Marks and Spencer
This coverage analyses Marks and Spencer’s strategy, performance, and influence within the UK retail market. Reporting highlights store operations, product innovation, online developments, financial results, marketing campaigns, and leadership changes. With a focus on commercial impact and competitive dynamics, it offers insights for professionals managing grocery, fashion, and homeware retailing at scale.
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Mar- 2022 -11 MarchPeople Moves
M&S appoints new leadership team amid transformation
Marks and Spencer (M&S) has revealed a series of new appointments to “accelerate” progress in its transformation following the announcement yesterday that Steve Rowe is standing down as chief executive officer on 25 May. As part of the planned succession process, Stuart Machin will become chief executive and will take…
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10 MarchNews
Steve Rowe to step down as M&S CEO
Marks and Spencer (M&S) has revealed that Steve Rowe will stand down as chief executive officer (CEO) as part of a planned succession programme after six years in the role, effective 25 May. Rowe will also cease full-time employment with the business on 5 July, although he has agreed to…
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4 MarchNews
M&S suspends shipments to Russian businesses
Marks and Spencer (M&S) has revealed it has suspended shipments to its Turkish franchisee’s Russian business. The announcement comes amid the humanitarian crisis following Russia’s invasion of Ukraine. Additionally, M&S are building on its existing support for Unicef UK’s Ukraine appeal with a £1.5m package to support the UN Refugee…
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Feb- 2022 -17 FebruaryClothing & Shoes
Hotter FY22 revenues rise to £51.9m
The Unbound Group has reported a 16% increase in revenues for its subsidiary, Hotter Shoes (Hotter), in the financial year ending 30 January 2022 (FY22), up from £44.5m in FY21 to £51.9m. Hotter has also announced a partnership with M&S to sell Hotter products on the ‘Brands at M&S’ platform,…
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Jan- 2022 -17 JanuaryFeatures
Customer service needs for the post-covid consumer
Nurturing customer service continues to be a primary focus of businesses. Even pre-covid, retailers naturally updated their offerings to out-perform competing brands – why the groundwork concerning competition within retailers is said to have entered into discussion as early as the 20th Century; ‘assessing the complexity of competition’, ‘distinguishing its…
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13 JanuaryClothing & Shoes
M&S raises profit forecast to £500m
The Marks and Spencer Group (M&S) has raised its full year pre-tax profits forecast to £500m, following an 18.6% year-on-year rise in total UK sales for the 13 Weeks ending 1 January 2022. The group’s clothing and home sales surged 37.7% and food sales increased by 10%, with sales excluding…
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5 JanuaryHigh Street
M&S launches lower carbon diet initiative
Marks and Spencer is launching its Sparking Change National Challenge, inviting its 14 million customers to try a lower carbon diet. During the two-month Challenge, customers will have access to recipes, practical tips and a Sparks Live cook-along event hosted by chef Chris Baber. Available through Sparks, Marks and Spencer’s…
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Dec- 2021 -22 DecemberNews
Landsec secures additional 25% stake in Bluewater
Landsec has announced that it has completed the acquisition of an additional 25% share in Bluewater from Lendlease Retail Partnership for £172m. The deal represents a net initial yield of 8.15% and an equivalent yield of 8.25%. In a separate deal, Landsec will sell 25% of this share to co-owner…
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20 DecemberSupermarkets
M&S links £850m loan to net zero goals
Marks and Spencer will accelerate its sustainability initiatives after securing funding through a new £850m revolving credit facility that is linked to its Plan A net zero targets. Under the terms of its new credit facility, M&S will reportedly benefit from a lower interest rate if it delivers targets aligned…
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6 DecemberEconomy
Sustainability ‘falls down agenda’ for retailers, report finds
Sustainability is less important now than it was a year ago for a quarter (24%) of retailers, while 8% say it has fallen down the agenda “quickly”, according to new research from UK law firm TLT. A fifth (21%) of retailers said sustainability was not currently important to their business,…
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