Marks&spencer news and archive

Marks & Spencer shareholders revolt over pay package for outgoing CEO

Marks & Spencer has faced a revolt from almost a third of its shareholders over a 2.6 million pound bonus paid out to outgoing CEO Steve Rowe. Twenty-nine percent of the British retail giant’s shareholders opposed the decision amid the company’s ongoing pandemic recovery and against a backdrop of rising inflation and widespread market...

12 hours ago

Business

Marks & Spencer report suggests cost-of-living won’t ‘dampen’ summer optimism

A new report by department store retailer Marks & Spencer has found that the growing concern around finance will not be heavily impacting British consumers this summer. In its latest Family Matters Index, the British chain reported that eating more healthily, exercising more regularly and spending more time outdoors were at the top of consumers’...

4 Jul 2022

Retail

Marks & Spencer launches Clarks and Smiggle, expanding back-to-school offer

British department store Marks & Spencer has announced an expansion of its kidswear ‘Brands at M&S’ department, with the addition of footwear brand Clarks and school supplies retailers Smiggle and Hype. Additionally, the retailer said it would also be welcoming Kickers and Jansport to its online e-commerce site. Clarks will be launched through...

1 Jul 2022

Retail

Marks & Spencer hits back at Gove’s decision to block Marble Arch store redevelopment

Marks & Spencer has accused housing minister Michael Gove of “political grandstanding” after he halted the planned redevelopment of its flagship Marble Arch store on London’s Oxford Street. The retailer’s group property, store development and technology director Sacha Berendji said he was “bewildered and disappointed” at Gove’s “baseless...

22 Jun 2022

People

Marks & Spencer taps new non-exec director

Marks & Spencer has appointed Ronan Dunne as a non-executive director, effective August 1. Dunne has been the non-executive chair of Six Nations Rugby since January. Prior to that, he was the CEO of Verizon Consumer Group, and earlier still held the same position at Telefónica UK. “I am delighted to welcome Ronan to our board,” Marks & Spencer...

17 Jun 2022

Fashion

Marks & Spencer launches first sustainability challenge for start-ups

Marks & Spencer has launched its inaugural sustainability innovation challenge for start-ups and scale-ups. The British retailer is looking for tech-focused partners to help build on its sustainability efforts and achieve its goal of being net zero by 2040. Marks & Spencer will be working alongside innovation and investment firm True to find...

9 Jun 2022

BusinessFeatured

Marks & Spencer posts robust FY results, but warns of challenges ahead following Russia exit

Marks & Spencer has reported strong revenue growth in the year to April 2 as it swung to a profit, but warned of broadly flat profit for the year ahead after closing its Russian business and amid rising inflation. In the 12 months to April 2, revenue at the British retail giant came in at 10.89 billion pounds, up 18.7 percent compared to the...

25 May 2022

Business

Marks & Spencer to launch alumni mentoring programme

British department store Marks & Spencer has announced the launch of its first alumni mentoring programme, designed to aid in the development of its former and current colleagues. Coming as an extension of its ongoing mentoring scheme, the new programme hopes to keep the retailer’s network of alumni as active members and further allow current...

20 May 2022

Business

Marks & Spencer’s Jaeger appoints new head of product

Jaeger, an independent clothing brand owned by Marks & Spencer, has announced the appointment of Suzi Avens as its new head of product. Avens will be tasked with delivering a contemporary product strategy in continuation of Jaeger’s goal to create a compelling omnichannel brand with an international presence. She joins the company already with...

19 May 2022

People

Marks & Spencer taps new womenswear director

Marks & Spencer has appointed Maddy Evans as its new director of womenswear. Evans will take up the new position in July and will replace Jill Stanton who is exiting the business after four years. Marks & Spencer credited Stanton for playing a “pivotal role” in reshaping its product offer across womenswear, kidswear and beauty to become “more...

5 May 2022

Retail

Rental platform Hirestreet links with Marks & Spencer for biggest retailer collab to date

UK fashion rental platform Hirestreet has launched its biggest retailer collaboration to date with Marks & Spencer. The Spring collection is the second drop of Marks & Spencer products on the platform, and comprises 40 new season womenswear pieces from M&S Collection, as well as from the retailer’s in-house brands Autograph and Per Una. The...

13 Apr 2022

Retail

Nobody's Child launches in M&S stores

Responsible womenswear brand Nobody’s Child has launched in 10 Marks & Spencer stores across the UK. Nobody’s Child was the first brand to launch on M&S.com, as part of Marks & Spencer's strategy to broaden its appeal and boost online growth. This partnership led to M&S investing in the eco-conscious brand in November 2021. Nobody’s Child still...

8 Apr 2022