Archive of all Marks & Spencer articles – Page 63
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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...
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M&S planning online grocery delivery
Marks and Spencer has signalled that it will launch an online grocery delivery service in order to breathe life into its flagging food business.A spokeswoman told The Grocer that it was still too early to say exactly what the service would...
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Stake-building rumours lift M&S shares
Shares in Marks and Spencer continued to rise yesterday as rumours mounted that an Icelandic group was building a 3% stake in the retailer.Shares in M&S rose 5p to finish at 351.75p, with 23.8 million shares changing hands during...
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M&S enters Russian market
Marks and Spencer will open its first store in Russia in the Autumn.The retailer said that it would be opening a store in Moscow with its franchise partner FIBA.The store will predominantly sell clothes but more products from the M&S...
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Slicker food key to M&S
Gaelle WalkerMarks and Spencer is to bolster its ailing food business by opening new stores and focusing on improving quality and value for money. The chain, which has finally confirmed acting food director Guy Farrant will be continuing...
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M&S milks Omega-3 cow
The dairy industry has welcomed the second launch in a week of a milk enriched with brain-enhancing Omega-3.Hot on the heels of St Ivel Advance with Omega-3 (The Grocer, May 21, p78), Marks and Spencer has launched its own Fresh Omega-3...
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Tesco non-food sales overtake M&S
Marks and Spencer has been dealt a blow ahead of its full-year results tomorrow with news that Tesco has overtaken the retailer in sales of non-food products.A survey conducted by retail consultancy Verdict Research found that Tesco sold...
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Co-op names new chief executive for food retail
The Co-operative Group has moved quickly to appoint a new chief executive for food retail after Eoin McGettigan’s surprise announcement that he is leaving after three months in the job.Former joint managing director of Marks and Spencer Guy...
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M&S boardroom rift
A boardroom rift had broken out at Marks & Spencer over the future of interim chairman Paul Myners.Myners who became interim chairman last May agreed to stay on until July of this year. However he is believed to be keen on taking on the role...
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Amazon to run M&S website
Marks and Spencer has signed up online retailer Amazon to run its Internet operation.Stuart Rose chief executive said: “Frankly, we ought to be better at it than we are. We are going to have to invest money in it for more functionality and...
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M&S food gets hard sell
Marks and Spencer is to start shouting about its food offer, chief executive Stuart Rose said this week.As the company launched its first food-only TV advertisement, Rose said the high-street chain was one of the “hidden secrets” in UK food...
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M&S appoints new finance director
Marks & Spencer has appointed Ian Dyson as group finance director to replace Alison Reed, who leaves at the end of April.Dyson joins the company from The Rank Group, where he has been group finance director for five years.Stuart...
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Tesco’s control complete
Tesco has decimated the competition over the last 12 months, stealing £1bn of business from rivals and picking up the lion’s share of lost trade from Sainsbury, Marks and Spencer and Morrisons/Safeway, according to new switching data from...
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M&S sells former HQ
Marks and Spencer has sold its former Baker Street headquarters in London for £115m. The retailer moved from Baker Street last September to a purpose-built facility in Paddington.M&S said that the building had been bought by the real estate...
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Asda and Marks recall products
Asda has recalled certain batches of its own-brand Camembert Taster cheese after it was found to be contaminated with Salmonella. Marks & Spencer has also recently recalled one of its products after being notified of a strong odour in some...
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M&S thanks customers for donations
Marks & Spencer has issued a thank you to all its customers for their generosity in donating £2m so far to the company’s Asian Earthquake Appeal.Stuart Rose, chief executive, said: “our customers have responded with incredible generosity to...
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Moto expands Simply Food
Six Simply Food stores will be opened at motorway service stations in the next 18 months as a result of Marks and Spencer’s extension to its franchise contract with Moto, part of Compass Group.The number of Simply Food motorway stores will...
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M&S drops prices as Christmas nears
Shares at Marks & Spencer feel to its lowest level yesterday since Philip Green’s bid approach in May this year, amid fears that the retailer would have to add further discounting to shift surplus stock before Christmas.The retailer plans to...
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Deli-berations in the spotlight
A new look for its food halls is central to M& S’s hopes of restoring its fortunes. Ronan Hegarty checks out the Basingstoke trialBasingstoke may seem an unlikely place for the start of the great Marks and Spencer recovery under...
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Ronald thumbs up for ‘less is more’
The range rationalisation at Marks and Spencer’s food division would benefit category leaders such as Uniq as slow sellers are ditched and a new ‘less is more’ approach is developed, said Uniq chief executive Bill Ronald.Speaking as the chilled...