Marks & Spencer Group Plc
The new boss at British high street giant Marks & Spencer has set out his plans to turn around the retailer's key clothing division by lower...
There is a limit to long-term margin improvement for Marks & Spencer's general merchandise division, and earnings will be difficult to achie...
It's no secret that Marks & Spencer has struggled to stem the losses in its clothing division. And with the unit's head Steve Rowe departing to take on the role of group CEO, the gap will need to be filled relatively quickly if the UK retailer is to address this problem area.
Today's first-half results from Marks & Spencer have offered a mixed picture for its clothing business. Like-for-like sales fell, but margins improved thanks to continued progress in the UK retailer's direct sourcing initiatives. While M&S is optimistic it can maintain margins and has upped its full-year forecast, will its investments in sourcing and a new rewards card be enough to revive the retailer's clothing fortunes?
It is easy to underestimate the complexity of sustainability in the apparel supply chain. But while there are no simple solutions, industry experts believe improvements can come about through social change, collaboration and innovation.
A new tool that could bring greater transparency to complex global apparel supply chains has been developed by UK start-up Provenance. Based on the Bitcoin blockchain platform, which enables digital asset transfers across the internet, the technology can create a unique digital record that verifies, tracks and traces each step of the production process, without the need for software.
UK retailer Marks & Spencer is on something of a mission: To become the world's most sustainable retailer through its ambitious Plan A environmental and ethical programme. The person in charge of implementing this globally is Adam Elman, head of Plan A delivery, who discusses the initiative's challenging targets and the need for wider industry collaboration.
As safety inspections on more than 1,500 garment factories supplying a group of mainly European retailers get underway this week, just-style speaks with Brad Loewen, the top safety official overseeing the effort.
Marks & Spencer has published its first supply chain map for clothing and its first human rights report as part of the retailer's ethical commitments detailed in its first Plan A update under new CEO Steve Rowe.
UK retailer Marks & Spencer may see a shake-up of its sourcing team with the potential departure next year of two senior executives who have overhauled the group's supply chain.
Marks & Spencer has made a number of changes to its management structure in order to drive "speedier decision making", including the formation of an operating committee to oversee business development and strategy.
Turning around its clothing and home businesses will be the priority for Marks & Spencer, new CEO Steve Rowe has said, as the UK retailer revealed lower sales for the division in its fourth-quarter.
The new CEO of Marks & Spencer will also continue to lead the group's flailing clothing business, it has emerged, and has pledged to make its turnaround a priority for the UK retailer.
Six large Chinese rayon and viscose producers have joined a commitment to stop sourcing the raw material from ancient and endangered forests.
Marks & Spencer CEO Marc Bolland, and Burberry CEO Christopher Bailey have joined a long list of apparel industry figures in voicing their opposition to Britain's exit from the European Union, which they believe will deter investment, threaten jobs and put the economy at risk.
Marks & Spencer has defended its position over a report by a labour campaign group that claims workers making the UK retailer's clothes in some Asian countries are not being paid a living wage, despite a promise to do so.
More sourcing directly from suppliers has improved the profitability of Marks & Spencer's general merchandise business, narrowing the gap with Next Plc, according to a report published this week.
The chief executive of Marks & Spencer, Marc Bolland, is to step down after the UK retailer today (7 January) revealed its most "disappointing" clothing sales for the Christmas period yet.
UK retail group Marks & Spencer today (4 November) said its decision to focus on margins and discount less weighed on clothing sales in the first half, in what were “challenging market conditions”.
F&F, the fashion brand of UK supermarket retailer Tesco Stores, has become the latest member of the Zero Discharge of Hazardous Chemicals (ZDHC) group, amid the formation of a new board of directors.
Keen to highlight its eco and ethical credentials – from products made in specifically accredited factories, to the use of sustainably sourced fabrics – retailer M&S has asked eco-campaigner Livia Firth to put together a capsule collection picked from its existing autumn clothing ranges.
UK retail group Marks and Spencer has promoted Queralt Ferrer as its first director of design for women's wear, lingerie and beauty.
UK apparel retail sales grew 2.4% in the 24 weeks ended 2 August, above the five-year average, estimates have shown.
The UK Government is forcing retailers to play their part in helping eradicate slavery and human trafficking in their supply chains, under new measures to be included in the Modern Slavery Bill.
Marks & Spencer's share price fell this morning as the UK retailer's head of clothing and homewares, John Dixon, announced his decision to step down.
Analysts remain upbeat on Marks & Spencer's short-medium term potential, despite the UK retailer reporting a decline in first quarter like-for-like general merchandise sales, which includes clothing.
UK retailer Marks & Spencer has said cotton remains the biggest challenge for the group when it comes to tracing its supply chain back to raw materials.
The most-read stories on just-style this week include news that Myanmar has introduced its first minimum wage for garment workers, Marks & Spencer is to launch a supply human rights policy, and Adidas has developed its first shoe upper made from ocean waste.
Denim brand G-Star Raw has become the latest company pledging to eliminate the use of rayon and viscose fabrics derived from ancient and endangered forests in its clothes.
UK retailer Marks & Spencer has delivered its first increase in profits in four years thanks to improved general merchandise gross margin, less discounting and better deals with suppliers.
Innovation was the hot topic last week as a raft of apparel and textile companies revealed new fabrics, fibres and technologies designed to shake-up the industry.
Nike and Wal-Mart have used the annual Climate Week in New York to pledge to source 100% of their electricity from renewable energy, joining H&M and M&S as part of the RE100 campaign.
Marks & Spencer Plc in Apparel and Footwear (United Kingdom)
Marks & Spencer is a public limited company and a major British multinational retailer which specialises in the sale of clothing, home products and luxury food products....
Marks & Spencer Plc in Retailing (United Kingdom)
Marks & Spencer is expected to continue to open large outlets, notably planning to open a 196,300 sq ft department store in the Victoria Gate shopping mall in Leeds in late-2016 while continuing to op...
Marks and Spencer Group plc (MKS) - Financial and Strategic
Marks and Spencer Group plc (M&S) is a multi-channel retail company. It carries out the retailing of apparels, home products and food items....
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