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Marks and Spencer news and archive

Retail

M&S invests 57 million pounds to increase pay for retail store staff

Marks and Spencer is investing 57 million pounds in its front-line retail staff, marking the retailer’s biggest-ever investment in its shop workers. In a statement, M&S said that from April 1, more than 40,000 store workers will see their hourly rate increase to 10.90 pounds, up by 70 pence. Employees in London stores will see their hourly wages...

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BusinessFeatured

M&S acquires Thread to accelerate its personalisation plans

British retailer Marks & Spencer has acquired the intellectual property, including the source code and algorithms developed by personalised fashion marketplace Thread to accelerate its personalisation capabilities. In a statement, M&S said that the acquisition will allow it to integrate “cutting-edge proprietary tech” into the M&S website as it...

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Business

Marks and Spencer to reward customers donating used clothes in Shwopping scheme

As part of the retailer’s Plan A sustainability programme, Marks and Spencer is calling on customers to donate their used clothing to Oxfam via its recently refreshed Shwopping scheme. According to the department store, a recent survey of its customers revealed a significant 65 percent were planning to sort and clear out their wardrobe for the...

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BusinessFeatured

Marks and Spencer invest in Nobody’s Child

Marks and Spencer have invested in eco-conscious brand, Nobody’s Child. The two brands have been working within a partnership for a year, and with a successful outcome, Marks and Spencer has invested with a c. 25 percent stake. Nobody’s Child will still work independently, but will now have access to the Marks and Spencer infrastructure and...

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Fashion

Puma to remove mulesed wool by 2025

German sportswear brand Puma has said that it will refrain from using uncertified wool of animal cruelty origin, following a campaign by animal welfare organisation Four Paws to ban mulesing of lambs. Puma joins Calvin Klein and Marks and Spencer who have agreed to ban mutilation of lambs in their supply chains, with Four Paws calling on its...

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RetailFeatured

UK retail aims to hit net zero carbon emissions by 2040

The UK retail industry has set out a target to hit net zero carbon emissions by 2040, with stores and warehouses powered by net zero electricity by 2030. The country’s trade body, the British Retail Consortium (BRC), announced the new target on Tuesday as part of its Climate Action Roadmap which was first announced in July and outlines steps to...

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BusinessFeatured

UK Retailers collaborate to combat carbon emissions

Twenty retailers, including Marks and Spencer, Amazon, Missguided and Next have signed the British Retail Consortium’s roadmap to tackle the causes of climate change. While many are concerned with the current coronavirus crisis, the British Retail Consortium is stating that climate change remains as “one of the biggest threats to the planet” and...

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Retail

UK retailers ‘go purple’ in support of disabled customers

London - Retailers and shopping destinations including Marks and Spencer, Sainsbury’s and centres owned and managed by Intu and The Crown Estate are looking to improve the customer experience for disabled people by supporting Purple Tuesday, taking place today, November 12. The accessible shopping day is encouraging businesses to improve...

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Fashion Featured

Top consumer trends that brands should know about

Amsterdam - To keep up with the head-spinning speed at which the fashion industry and wider retail industry is changing, brands need to keep up-to-date with the latest trends and the consumer behaviours that are driving them. Earlier this month, David Shah, owner of Metropolitan Publishing, the publishing house behind Pantone View Concept, spoke...

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BusinessFeatured

Mastercard pilots digital payments to garment workers

Mastercard is teaming up with global apparel companies, Marks and Spencer, Levi Strauss and Co., and VF Corporation, to pilot a scheme to pay garment workers digitally, to ensure that workers receive their wages “securely and consistently”. The new hybrid digital payment initiative, in connection with global nonprofit Business for Social...

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Business

Marks & Spencer falls off FTSE 100 for first time

Marks & Spencer is to be demoted from the FTSE 100 for the first time since the list of the UK’s biggest companies was launched in 1984. The British fashion and food giant will drop off the list after its market value fell below the threshold for inclusion based on the closing price of its stock on Tuesday. The official announcement was made on...

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​Care International appoints Laura Hawkesford Head of Private Sector Engagement Team

London - Care International, the leading international humanitarian agency fighting to end poverty, has appointed Laura Hawkesford as head of its Private Sector Engagement team. Hawkesford brings a wealth of private sector and NGO experience to the role, as for the past four years she has held the position of Ethical Trading Manager at Marks and...

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