Marks & Spencer news and analysis – Page 66
-
News
‘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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...
-
News
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...