All Marks & Spencer articles – Page 55
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News
M&S wins tax rebate case
Marks and Spencer has won a landmark case giving the retailer the right to offset foreign losses against its UK profits.The European Court of Justice in Luxembourg yesterday ruled that M&S could claim back tax worth approximately £30m on...
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M&S opens new depot for Christmas turkey supplies
Marks and Spencer is to open a new distribution centre next week dedicated to supplying all its turkeys around the country this Christmas.The 100,000 sq ft site in Thornbury, Gloucestershire, has been configured to operate as its central turkey...
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M&S recalls cakes
Marks and Spencer has recalled six cake products after coloured plastic strands from a sieve got into them during the manufacturing process.The affected products are Extremely Choclatey Sponge Roll (product code 0461689), Colin the...
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Free-range makes for tastier turkey
Marks and Spencer is planning to bring something new to Christmas tables this year with the launch of a free-range turkey that the retailer believes is tastier than rival birds. The new turkey, which is being supplied by O’Kane Poultry, is...
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M&S to open Dubai store in 2006
Marks and Spencer is to step up its international expansion with the opening of its first store in Dubai next autumn. The 62,000 sq ft franchised store will form part of the Dubai Festival City project, the Middle East’s largest mixed use...
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M&S beats expectations
Marks and Spencer has beaten analyst expectations to record a 19.6% increase in pre-tax profits to £308.2m in half-year results.In results for the half-year to end October 1, the retailer also revealed that its food sales were up 5.6%, or up...
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M&S aims to be electrifying
Marks and Spencer is to begin selling a range of branded goods for the first time with a move into the mobile phone and home electronics market.The move brings the troubled retailer more in line with the major supermarkets’ non food offers,...
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Burden of crime growing
Sainsbury and Marks and Spencer have painted a pessimistic picture of the increasing impact retailers face from crime, reflecting latest figures that show the cost to businesses is rising along with violence and verbal abuse.Both companies told...
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M&S food sales up 6.3%
Marks and Spencer has recorded a 6.3% increase in food sales in the second quarter to October 1.In a trading update to the City, the retailer also revealed that its like-for-like food sales were up 2.7% compared with an increase of 0.7% last...
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‘It’s their fault. They started it’
Marks and Spencer is to launch a probe into its deals with food and drink suppliers amid claims that the latter are getting their own back over tough contract deals by hiking up the value of invoices for new business.The Grocer has discovered...
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M&S to do own fair trade
Marks and Spencer is devising its own fair trade mark to go on selected products from next month as part of a major new corporate social responsibility initiative.The scheme, currently using the working title ‘Trade for Good’, will initially...
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M&S criticises textile quota
Marks and Spencer has had to find new factories to manufacture its knitwear since the introduction of the European Union’s textile quotas in June.The quotas were introduced as an emergency response to complaints from Italy, France, Spain and...
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M&S slashes prices
Marks and Spencer has slashed the price of its women’s clothing ranges for the autumn and winter seasons in an attempt to improve underlying sales.Analysts at Seymour Pierce said that prices had been reduced by as much as 25%.Rhys...
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End of M&S teacake row draws near
The European Court of Justice is to put an end to a 10-year row into whether Marks and Spencer should receive a VAT rebate for its chocolate-covered teacakes.In 1995 M&S claimed that between April 1973 and October 1994 it had wrongly...
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UK carrots now available all year
The search for the Holy Grail of the carrot world appears to be over, after Marks and Spencer claimed this week it was the first retailer to achieve year-round British supply.M&S said the development, which was down to weather conditions...
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M&S “on the right track”
Marks and Spencer is “on the right track”, despite a seventh straight quarter of falling sales, chief executive, Stuart Rose, has said.Speaking at the retailer’s annual general meeting yesterday, Rose told shareholders that he was quietly...
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M&S foods sales reverse downward trend
Food sales at Marks and Spencer increased by 5% for the 14 weeks to July 9, reversing a downward trend for the retailer.In a trading statement issued to the City this morning ahead of its annual general meeting this afternoon, M&S said that...
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M&S gives Reid extra role
Marks and Spencer has appointed Syd Reid as category manager for wine and drinks, marking the fourth change to the position in two years.Reid will add the responsibility to his existing role of category manager for the retailer’s flowers and...
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M&S sells Lifestore
Marks and Spencer has sold its Lifestore in Gateshead to Danish furniture retailer Ilva.The 70,000 sq ft store opened in February 2004 with the aim of breaking new ground in retailing.However, the store’s ‘trendy’ concept, with relax...
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M&S shares moving fast
Shares in troubled retailer Marks and Spencer are rocketing amid rumours that Icelandic retail specialist Baugur could be building a 3% stake in the company.Reports in the City suggest that an Icelandic group has been building a stake in the...