M&S news and archive

Cyber attack slashes M&S first half profit by 55.4 percent

British retailer Marks & Spencer (M&S) reported a sharp 55.4 percent decline in first-half underlying profit, a drop that directly reflects the profound impact of a cyber security breach in April. The attack forced M&S to suspend its online clothing orders for seven weeks and severely disrupted its e-commerce platform and backend systems, which...

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M&S CEO: “The Budget needs to back business, not burden it”

Stuart Machin, chief executive of Marks and Spencer (M&S), is calling on the government to “back business, not burden it” ahead of the Autumn Budget on November 26. In an open letter published by the British retailer, Machin urges chancellor Rachel Reeves not to add any more taxes that “hit consumers and the everyday economy,” to reassess...

Fashion

Marks & Spencer strengthens menswear with new performance collection

British retailer Marks & Spencer is continuing to strengthen its menswear offering with the launch of a performance-led edit, designed to target “modern living - across work, travel and leisure”. Autograph Performance will sit within M&S’s sub-brand Autograph, and brings together cutting-edge innovations and advanced fabrics, such as Tech Wool...

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Fashion

M&S launches resale on Ebay and extends recycling scheme

British retailer Marks & Spencer has launched a dedicated resale store on marketplace platform Ebay, which will allow shoppers to trade in and buy back pre-loved M&S clothing, footwear and accessories, as demand for pre-loved fashion continues to soar. The launch is the latest initiative under Another Life, which is how M&S activates its Plan A...

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M&S expects 300 million pounds profit reduction due to cyber attack

Marks & Spencer (M&S) has concluded the 52 weeks ended March 29, 2025, by achieving its third consecutive year of growth across sales, market share, profit, and return on capital. M&S's sales rose by 6.1 percent to 13.9 billion pounds and pre-tax profit increased by 22.2 percent to 875.5 million pounds, representing the highest figure in over 15...

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Fashion|In Pictures

M&S launches exclusive collection with Olivia von Halle

British retailer Marks & Spencer (M&S) has launched an exclusive design collaboration with London-based luxury nightwear designer Olivia von Halle. The 10-piece capsule collection marks M&S’s first-ever nightwear collection and celebrates Olivia von Halle’s unique in-house designed prints, alongside M&S’s loungewear designs, with the nightwear...

Retail

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...

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People

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...

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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...

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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...