M&S Archives - cheezydeals

November 8, 2017
M&S speeds up shutdown of clothing and scales back Simply Food
By: Loknath Das
Marks & Spencer is slowing down expansion of its food halls. Photograph: Alamy Marks & Spencer is speeding up plans to close underperforming clothing departments and slamming the brakes on expansion of its Simply Food chain as the company fights for its future on the high street. “We have made good progress in remedying the […]
May 28, 2017
M&S profits dive by nearly two-thirds as clothing sales slide
By: Loknath Das
M&S clothing and homewares sales fell by 5.9% in the first quarter. Photograph: Suzanne Plunkett/Reuters Marks & Spencer has reported a 64% drop in annual profits to £176.4m as weak clothing sales were compounded by more than £400m of restructuring costs relating to the new chief executive’s turnaround plan. Chief executive Steve Rowe insisted the […]
CLOTHING

February 16, 2017
Amazon ‘ready to shake up UK clothing market’ with its own fashion label to take on M&S, Next and Boohoo
By: sristy Saha
Amazon could launch its own UK fashion label, according to industry reports The rumours are fuelled by Amazon’s recruitment of former Marks & Spencer big-hitters Frances Russell (ex-head of womenswear) and Karen Peacock (previously the high street chain’s head of design), as well as Primark’s menswear buying director, Glen George – who also once worked […]

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