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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Jul- 2020 -28 JulyCoronavirus Featured Content
Automation: How it helps retailers cut costs and remain agile
Retail operations are more expensive to run in a post-Covid world due to the extra demands of cleaning throughout the day and managing access to achieve the maximum occupation numbers. And on top of all of all of this, lower footfall and sales than usual. As the old saying goes,…
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27 JulyDepartment Stores
Debenhams seeks potential buyer
Debenhams has confirmed that administrators are considering its sale to a third party in a bid to lead the business out of its current administration. According to The Guardian, the department store group has now appointed investment bank Lazard to oversee the sale process, and “hopes to secure a buyer…
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20 JulyHigh Street
M&S to cut 950 jobs
Marks and Spencer (M&S) has announced it will cut 950 jobs in a bid to restructure its business in the wake of the Covid-19 crisis. The high street retailer announced it plans to “accelerate the pace and scale” in a statement released today (20 July), adding that it aimed to…
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20 JulyCoronavirus
Harvey Nichols warns staff of redundancies
Harvey Nichols has reportedly warned staff they may be facing a slew of redundancies in the wake of coronavirus. According to the Times, chief executive Manju Malhotra warned “there may be staff redundancies at all locations” in an email sent to 1,500 staff, adding that the crisis would “change the…
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20 JulyCoronavirus
‘Hundreds’ of jobs to be axed at M&S
Marks and Spencer is expected to announce a raft of job cuts this week, becoming the latest high street casualty in the wake of Covid-19. According to Sky News, the retailer will unveil its widespread redundancy plan “within days”, with hundreds of jobs expected to be axed. It comes as…
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16 JulyClothing & Shoes
Next set for Victoria’s Secret UK takeover
Next has reportedly agreed an outline deal to acquire the UK arm of Victoria’s Secret, fending off competition from Marks and Spencer and other bidding rivals. According to Sky News, Next has been chosen as the “preferred” franchise partner for the lingerie brand by Deloitte, who were called in as…
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Jun- 2020 -23 JuneCoronavirus Featured Content
Three ways that Covid-19 will change British retail forever
In the midst of a global pandemic the UK high street is suffering more than ever before with many ailing big names, from fashion retailer French Connection warning it will run out of cash within the next few months unless it secures a cash injection, to the ongoing struggles of…
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4 JuneHigh Street
M&S lowers share award payout for top execs amid Covid-19 pandemic
Marks and Spencer has lowered the share payout for it’s top two executives, amid the ongoing Covid-19 pandemic. This largely affects chief executive Steve Rowe and finance director Eoin Tonge, whose awards have now been lowered from 250% to an intended 175% of their salary. It comes after the retailer’s…
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2 JunePeople Moves
Tesco CFO Alan Stewart announces plans to step down
Tesco has announced that CFO Alan Stewart has decided to retire from the position and leave the company on 30 April 2021. The company board is now conducting both an internal and external search to identify a successor. Stewart joined the grocer in 2014, as a member of the board…
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May- 2020 -20 MayNews
Marks and Spencer profits tumble in full-year results
Marks and Spencer has announced that profit before tax tumbled 20.2% to £67.2m in the full-year ended 28 March 2020. It comes as an uplift in food sales failed to offset poor sales in its clothing division. The retailer’s full-year grocery sales improved 1.9%, with an estimated 0.3% lift attributable…
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