marksandspencer news and archive

M&S to reveal sales growth

Marks & Spencer is expected to deliver its first Christmas sales growth for two years when it unveils its third-quarter trading update on Wednesday. The high-street bellwether is tipped to report that like-for-like sales, including clothing, were about 1 per cent higher than last year, when sales slumped by 7 per cent. The small single-digit...

Fashion

M&S Chairman pressured to step down

Sir Stuart Rose is coming under increasing pressure to step down as chairman of Marks & Spencer as shareholders press for further change at the retailer. Little more than a month after unexpectedly announcing the appointment of Morrisons supermarket boss Marc Bolland as the new chief executive of M&S, investors now want the company to bring...

Fashion

M&S exec role under scrutiny

Marks and Spencer will this week see an improvement in quarterly sales overshadowed by the continuing row over the future of executive chairman Sir Stuart Rose. Sir Stuart is facing calls to share power at Britain's largest clothing retailer a year after he saw off an investor rebellion over his elevation from chief executive to executive...

Fashion

M&S bra controversy

Marks & Spencer agreed to scrap a controversial surcharge for larger bras for its bigger-busted customers. M&S claimed the extra support needed for the larger bras meant it would be impossible to offer them at regular price while maintaining quality standards. But the company eventually backed down under the pressure, saying that from tomorrow...

Fashion

Davies considers new label

George Davies, the former owner of Per Una fashion, is said to be considering using some of the money he made from the sale of the label to former employer Marks and Spencer to set up a fashion retailer, according to the Financial Times. There has been talk that Davies may start his fourth retailing business after Next, George at Asda and Per...