Marks & Spencer’s famous Marble Arch branch has passed the baton as flagship store to the retailer’s online shop, chief executive Marc Bolland said.
Marks & Spencer has posted a fall in underlying pre-tax profit to £665.2m despite a 1.3% rise in group sales to £10bn as it looks to turn around its general merchandise arm.
Simon Danczuk, MP for Rochdale, has slammed the Government’s business rates policy and accused it of using the high street “as a cash cow to milk to exhaustion”.
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While it remains to be seen exactly what will transpire following confirmation of the Ocado/Morrisons agreement, Waitrose is clearly scrutinising the terms of the deal and its operational arrangements very closely to see if Ocado is in breach of contract.
Profits at M&S only seem to have gone backwards since Marc Bolland took over as chief executive, but could a big step forward now be not too far away?
Being relevant at a local level and understanding a market is the key to success for any retailer.
Marks & Spencer today revealed its lowest annual profits for four years. Retail Week looks at the highs and lows of a difficult year for the iconic British brand.
Marks & Spencer has recorded its lowest annual profit since 2009, reporting a drop in underlying pre-tax profit to £665.2m. Retail Week rounds up how analysts have reacted to the news.
As M&S marketing guru Steven Sharp is set to leave the retailer, Retail Week takes a look at some of his most memorable campaigns.