M&S news and archive

Marks & Spencer announces investment in retail pay

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...

Fashion

M&S unveils first-ever women’s and men’s underwear campaign

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...

People

M&S strengthens international team with three new executives

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...

PeopleFeatured

Marks & Spencer names new clothing, home and beauty boss

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...

BusinessMember

M&S pledges to support 2,000 young people into work

British retailer Marks & Spencer is celebrating 20 years of Marks & Start, its employability programme in partnership with The Kings Trust, to commit to training and supporting a further 2,000 young people over the next three years. The commitment is part of M&S’ multi-year strategy with The King’s Trust, as new research from the retailer...

BusinessFeaturedMember

M&S posts 17.2 percent growth in H1 profit

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...

Fashion |In Pictures Featured

Bella Freud unveils collaboration with M&S

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...

Retail

Could Amazon's return-to-office mandate be a boon to physical retailers?

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...

Fashion Featured

M&S plans to grow market share in kidswear with baby club launch

British high street retailer Marks & Spencer (M&S) is looking to grow its market share in kidswear and attract more family shoppers with the launch of its first-ever baby club. ‘The Parent Hood’ is exclusive to members of M&S’ loyalty programme, Sparks, and is part of M&S’s mission to become “more relevant, more often to family shoppers” by...

Fashion |In Pictures Featured

Marks & Spencer unveils design collaboration with Sienna Miller

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...

People

M&S appoints Alison Dolan as new CFO

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...

BusinessMember

M&S posts profit growth, clothing & home sales increase 5.3 percent

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...