British retailer Marks & Spencer has announced its biggest-ever investment in UK retail pay from April 1, committing to a record 95 million pounds. The move marks the biggest investment M&S has made in its retail pay offer and the third consecutive increase since Stuart Machin became chief executive in 2022, despite new cost pressures from the...
Mar 5, 2025
British retailer Marks & Spencer has unveiled its first-ever cross-business underwear campaign spanning across womenswear and menswear as it looks to cement its market-leading position in women’s and men’s underwear. The ‘Make an Understatement’ campaign launches on Thursday, February 20, and is part of the retailer’s continued drive to change...
Feb 19, 2025
Marks & Spencer (M&S) has bolstered its international leadership team with three key appointments. Manish Kapoor will join M&S India as managing director in April, transitioning from his role at Pepe Jeans. Victoria Jones, formerly of Clarks, has already assumed the position of commercial director, international. Richard Davies has been promoted...
Feb 17, 2025
British retailer Marks & Spencer has appointed former Boohoo Group chief executive John Lyttle as its new managing director of clothing, home and beauty as it looks to evolve its leadership team “to deliver the next phase” of its transformation. Lyttle joins the retailer with extensive retail and transformation experience, spending five years at...
Feb 6, 2025
For the first six month period, Marks and Spencer (M&S) recorded a pre-tax profit increase of 17.2 percent to 407.8 million pounds, while statutory pre-tax profit rose to 391.9 million pounds. The company’s clothing & home sales increased 4.7 percent, with LFL sales up 5.3 percent. Sales growth improved by 8.1 percent in the second quarter, with...
Nov 6, 2024
London-based fashion designer Bella Freud, known for her playful handwritten slogans, has unveiled a collaboration with British retailer Marks and Spencer. The exclusive collection, launching in select M&S stores and online from today, October 17, features her witty take on fashion with a range of jumpers, women’s ready-to-wear and tailoring, as...
Oct 17, 2024
Amazon's recent announcement mandating a return to office for its corporate employees from January 2025 has received mixed reviews from the technology sector. However, the repercussions of this decision may extend far beyond the confines of Silicon Valley, potentially reshaping the broader retail landscape. The e-commerce behemoth's push for...
Sep 19, 2024
British retailer Marks & Spencer has unveiled a summer capsule collection with Sienna Miller, following a successful partnership with the actress in September 2023 when she fronted its autumn womenswear campaign. Launching in 30 stores and online on June 6, the collection aims to “redefine style perceptions and inspire existing and new customers...
Jun 5, 2024
Marks and Spencer Group (M&S) has announced the appointment of Alison Dolan as chief financial officer. Dolan, the company said in a statement, will take over from interim CFO Jeremy Townsend who will remain in post as planned until May 2025. Commenting on the new CFO appointment, Stuart Machin, the company’s chief executive officer said: “We...
May 30, 2024
For the full year, Marks and Spencer Group (M&S) reported profit before tax and adjusting items of 716.4 million pounds and statutory profit before tax of 672.5 million pounds, while group sales improved 9.4 percent to 13.1 billion pounds. UK clothing & home sales were up 5.3 percent during the year under review with adjusted operating profit...
May 22, 2024
British retailer Marks & Spencer has launched a 1-million-pound Plan A Accelerator Fund to invest in projects to help it achieve its net zero goals by 2040. M&S said it was turning its “market-leading approach to innovation to tackle climate change,” to reduce scope 3 emissions and become a net zero business across all its operations and entire...
Apr 10, 2024
British retailer Marks & Spencer has added premium womenswear brand LK Bennett to its roster on its ‘Brands at M&S’ online platform. LK Bennett launches at M&S with its spring/summer 2024 collection, including some of the brand’s bestselling items, from casual daywear to eventwear, such as jumpsuits, dresses, trousers and blazers, as well as...
Mar 20, 2024