M&S bolsters design and merchandise teams amid "mixed" FY clothing sales
As Marks & Spencer CEO Marc Bolland revealed full-year clothing sales rose by just 0.2%, Kate Bostock, executive director of general merchandise said the retailer has moved to bolster its design and merchandise teams and ramp up the amount of clothing it sources on a fast-fashion basis.
After Marks & Spencer admitted to being caught short in women's wear during the fourth-quarter, it has moved to bolster its design and merchandise teams as well as ramping up the amount of clothing it sources on a fast-fashion basis. M&S executive director of general merchandise, Kate Bostock, spoke to journalists about its clothing strategy yesterday on the sidelines of the retailer's annual results.
Marks & Spencer, often seen as a barometer for wider trading conditions in the retail sector in the UK, today (22 May) reported mixed annual results. Sales and gross margin from food was higher but challenges remain elsewhere in the business - including women's wear. The retailer also cut the top end of its group sales forecasts.
Marks & Spencer CEO Marc Bolland moved to defend the retailer's clothing performance today (22 May) after full-year sales rose by just 0.2%.
Retailer Marks & Spencer today (22 May) unveiled its first fall in full-year profits in three years and said it was taking steps to improve its buying and merchandising after seeing a mixed performance in its clothing lines.
- Cheap polyester contributes to cotton import shift
- TPP trade pact in milestone signing by 12 nations
- Under Armour defends questions over strategy
- Combating the new normal – 10 trends for 2016
- US apparel retailers' January 2016 sales roundup
- Bangladesh factory fire renews worker safety fears
- China factory activity continues to deteriorate
- Syrian refugee children found in Turkish factories
- Southeast Asia – a strategic sourcing review
- H&M and Primark price rivalry reaches equilibrium
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Wearable technology: The future market potential for smart garments and e-textiles
- Global market review of denim and jeanswear – forecasts to 2021
- Wearable Technology Market by Product, Application, Type, & Geography - Global Forecast to 2020
- E-Textiles: Electronic Textiles 2014-2024