MARKS&SPENCER news and archive

Marks & Spencer to invest 48.5 million pounds into northern UK stores

Marks & Spencer has outlined a new plan that will see it invest 48.5 million pounds into stores in the North of England. It comes as part of the retailer’s store rotation programme, which it said aims to create a retail estate “fit for the future”. In a release, Sacha Berendij, retail operations director, said: “Whilst other retailers go online,...

1 Dec 2022

Business

Nobody’s Child reigns as Marks & Spencer’s most popular third party brand

One year on from its strategic investment in Nobody’s Child, Marks & Spencer has said the “eco-conscious” womenswear label has continued to be its most popular third-party brand. While Nobody’s Child was initially introduced to Marks & Spencer’s e-commerce site in 2020, the department store chain only invested in the brand in November 2021, with...

29 Nov 2022

Business

Marks & Spencer among retailers cutting back orders as warehouse stocks rise

A number of British retailers are facing the pressure of rising stock and unsold clothing as a result of improving supply chains and a lack of demand within the current season. Marks & Spencer is among those that are attempting to withstand these issues, with it said to have postponed deliveries to its warehouses and delayed finalising its...

28 Nov 2022

Business

Marks & Spencer adds third-party menswear brands to e-commerce site

British department store Marks & Spencer has announced a selection of menswear brands will be joining its ‘Brands at M&S’ concept this month. Ted Baker, Superdry, Lyle & Scott and Musto will be added to the retailer’s e-commerce platform, as it looks to expand its menswear category for consumers. Through the new brands, over 250 menswear...

21 Nov 2022

Business

Marks & Spencer appoints interim chief financial officer as Eoin Tonge steps down

British department store retailer Marks & Spencer has announced the appointment of Jeremy Townsend as its interim chief chief financial officer after it confirmed its former CFO Eoin Tonge will be stepping down. Townsend will be joining the business on November 22 and will report directly to chief executive officer Stuart Machin. In a release,...

18 Nov 2022

Retail

Marks & Spencer accused of ‘defamatory’ statements against Save during public inquiry

Following a public inquiry surrounding the potential redevelopment of its Marble Arch store, Marks & Spencer has been accused of making “false claims” towards charity group Save Britain’s Heritage in statements it had issued to the media. According to the organisation, which took the retailer to court over its plans to demolish its flagship on...

10 Nov 2022

RetailFeatured

Marks & Spencer threatens to exit Oxford Street flagship

The evolution of London’s Oxford Street could see a future without the iconic Marks & Spencer flagship. The retailer has threatened to exit if redevelopment plans designed by Pilbrow & Partners are rejected. The plans, which would see the demolishing of M&S’s current Art Deco building near Marble Arch, were initially approved by Westminster City...

1 Nov 2022

Business

Marks & Spencer launches capsule wardrobe rental offer via Hirestreet

For the upcoming autumn/winter season, Marks & Spencer has revealed a new capsule bundle concept through clothing rental platform Hirestreet. The launch expands on its summer ‘M&S Capsules’ trial, with it now offering a 78-piece selection of its AW22 line. The deal allows customers to rent up to seven items from the curation, which also includes...

31 Oct 2022

Fashion

Marks & Spencer unveils virtual influencer as it expands influencer programme

British department store chain Marks & Spencer has revealed its first virtual influencer as it continues to expand on its ‘M&S Insiders’ influencer programme. ‘Mira’, which stands for Marks & Spencer, Influencer, Reality, Augmented, was developed through the combination of photography, CGI and computer vision. The virtual reality individual was...

28 Oct 2022

Business

Marks & Spencer rolls out loyalty scheme internationally

Marks & Spencer has announced that it will be rolling out its Sparks loyalty scheme globally, across India and 25 other targeted online markets, including the US and Australia. Customers signed up with Sparks will have access to a personalised programme of offers and rewards. Additionally, those shopping in the British retailer’s 94 India-based...

27 Oct 2022

BusinessFeatured

Marks & Spencer to close 67 stores in bid to cut costs

British retailer Marks & Spencer will close 67 stores over the next five years as it aims to cut operational costs. In a report it also said it will attempt to fast-track the closures within three years, if possible. The closures equate to cutting 25 percent of Marks & Spencer’s full-line store portfolio in order to save 300 million pounds and...

13 Oct 2022

Business

Marks & Spencer to stop sourcing from Myanmar over human rights concerns

British retailer Marks & Spencer has said it will stop sourcing from Myanmar over concerns of human rights abuses in the country. The company said it is working towards a “responsible exit” from the country, and plans to have completely exited by March 2023. “At Marks & Spencer, ethical trading is core to the way we do business,” the retailer...

12 Oct 2022