five year transformation plan news and archive

Marks & Spencer sees profits before tax decline 5.4 percent for FY18

London - Marks and Spencer Group Plc saw its profit before tax and adjusting items fall 5.4 percent to 580.9 million pounds for the 52 weeks to March 31, 2018 down from 613.8 million pounds in 2017 as its transformation plan is well underway. The department store group attributed this decline to the decrease in Food gross margin as it announced...

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Marks & Spencer aims to shut 100 stores by 2022

Marks & Spencer has earmarked 14 more UK stores for potential closure as it continues to restructure its UK store estate in line with its wider turnaround plan and aim to capture a third of its sales online. M&S is set to close over 100 stores by 2022, including 21 stores which have already closed and the 14 stores proposed for closure. In...